Fidelitas Bank Account Opening Services

Clients using offshore corporate structures through Fidelitas may need banking facilities to facilitate their trading or movement of assets.

Fidelitas can arrange a wide range of banking services in conjunction with company formation and administration.

Fidelitas is always trying to establish a number of close relationships with a number of international banks.

Because of the stringent money-laundering laws now in place in most offshore jurisdictions, banks need a lot of information before they will open an account.

Normally these are;

• A copy of the client’s passport, which may need to be legalised in the country of origin, to confirm identity.
• An indication of the likely activity on the account.
• An explanation of the company’s trading activities.
• An explanation of the source of funds and source of wealth of the ultimate beneficial owner(s)
• All this information is treated in strictest confidence by both the bank and Fidelitas. Once the account has been opened there is a minimum of formalities.

Operation of company bank accounts
Where Fidelitas is appointed as directors to the company, we usually do not need to provide signatories to the company’s bank account.

Fax Key and Online Banking
Where instructions are to be passed to the bank by facsimile or other means that do not carry an original signature, stringent security procedures usually need to be followed to avoid any potential fraud. Different banks operate different security systems and Fidelitas is usually familiar with, and able to operate a variety of these systems to ensure the security of clients’ funds.