Guide to an EU bank account

Successful bank account opening in the EU

Many founders of offshore companies find it difficult to open a bank account after incorporation. There are two main reasons for this. European banks want to know and understand their customers better through KYC (know your customer) for security reasons. At the same time, they are required by law to take preventive measures against money laundering, terrorist financing and similar risks.

For this reason, it is not possible to recommend in general terms one bank or another that would guarantee to open an account for you. There is simply no such guarantee.

In practice, success often depends on the person you approach at the bank, on your business model, on the history you can show, and very importantly, on how well you can present yourself. If you then add a company seat located outside Europe, opening a bank account becomes almost impossible.

We have, however, found an almost 100% perfect way to open a bank account in the EU with IBAN. We have put this into a clear guide for an EU bank account, delivered as an eBook in PDF form.

Who this guide is for

This service is designed to give existing offshore companies that were not formed through us the same opportunity to open a bank account in the EU. If your company already exists and you are stuck at the banking stage, this guide shows you the path we use ourselves.

It is equally useful for founders who want to understand in advance what European banks will expect, so that the account opening runs smoothly after the company is in place.

What is included in the eBook

• A step by step guide to opening an EU bank account for your Seychelles company
• A checklist of the documents banks typically ask for
• The typical questions you can expect in the KYC interview
• Our almost 100% perfect path to an EU bank account with IBAN
• Delivered as an eBook in PDF form

Why opening an account is hard

• 1

  KYC rules

  European banks must know and understand their customers. They ask detailed questions about you, your business and your money.

• 2

  Anti money laundering law

  Banks are required by law to take preventive measures against money laundering, terrorist financing and similar risks.

• 3

  The human factor

  Much depends on the person you approach, your business model, your history, and how well you present yourself.

• 4

  Company seat outside Europe

  If the company seat is outside Europe, opening a bank account becomes almost impossible without a clear plan.

Questions and answers