Opening accounts in foreign banks
Taurus Legal Group specializes in assisting businesses and individuals with opening accounts in foreign banks, providing access to secure, internationally recognized financial institutions. Navigating foreign banking regulations can be challenging, but our experienced team simplifies the process, handling all the essential documentation and ensuring compliance with local and international banking standards.
We offer personalized support to help you select the best banking options suited to your needs, whether it’s for corporate banking, private accounts, or investment purposes. Each account we facilitate is fully compliant with regulatory standards, with comprehensive KYC (Know Your Customer) procedures to ensure seamless and secure transactions.
For individuals:
- Make expensive purchases (it is worth noting that in some states there is a limit on cash transactions, as a result of which prices for goods and services above the established limit must be paid only through the account).
- Purchase common goods and use local services.
- Pay utility bills, pay rent; use credit funds.
- Make money transfers between citizens of the same country or send money to accounts subject to foreign jurisdictions.
- Accumulate funds and receive interest income for keeping money.
Features of opening accounts in non-EU countries:
In order to maintain stability in the EU financial sector, the European Central Bank has adopted certain requirements for the registration of bank accounts for residents and non-residents. In connection with this requirement, many states that have newly joined the EU have been forced to change the requirements for registration with banks.
For legal entities:
For full-fledged business in Europe, you need to open a bank account. Unlike the registration of personal bank accounts, registration of a legal one requires the provision of a financial institution with a large number of documents confirming the financial stability of the company, information about activities, as well as legal data regarding a license, address, etc.
We will be happy to discuss your requirements and find
the best options for you
Call or order a consultation and we will contact you