What is a neobank? How do I open an account with a non-bank?
A neobank is an internet bank (payment system, virtual bank) that does not have physically located branches, operates on the basis of the usual bank, has powers, permits and licences to provide financial services.
The most popular countries for opening an account for a legal entity
To open a bank account for a company, it is necessary to examine:
- the activities of the legal entity;
- the main contracts;
- region of operation;
- suppliers;
- turnovers;
- information about the beneficiaries.
- Then select the right bank based on the above parameters.
The most popular banks, according to our observations: Switzerland, Liechtenstein, Turkey, UAE.
What should I do if banks request a compliance check?
There is no need to panic. The bank requests a compliance check for security reasons. It has to be sure that the client is trustworthy.
Our specialists offer you legal assistance in handling the bank's compliance enquiries, correctly preparing documents for verification.
