Opening an account abroad for international business: from choosing a bank to receiving a corporate account
- 15+ jurisdictions
- support until the account is opened
- free 30-minute consultation
- 15+ jurisdictions
- support until the account is opened
- free 30-minute consultation
We assist with opening corporate accounts for companies in the EU and other international jurisdictions. We help select a bank or payment institution that matches your business model, prepare the documents and pass compliance checks.
Opening an account for a foreign company now involves much more than simply submitting an application. Banks carefully review the business structure, owners and ultimate beneficial owners, sources of funds, countries of operation and the nature of transactions. The KRYNO team helps you approach the process prepared: we assess risks before the application is filed, assemble the document package, support communication with the bank and help reduce the risk of rejection.
We assist with opening corporate accounts for companies in the EU and other international jurisdictions. We help select a bank or payment institution that matches your business model, prepare the documents and pass compliance checks.
Opening an account for a foreign company now involves much more than simply submitting an application. Banks carefully review the business structure, owners and ultimate beneficial owners, sources of funds, countries of operation and the nature of transactions. The KRYNO team helps you approach the process prepared: we assess risks before the application is filed, assemble the document package, support communication with the bank and help reduce the risk of rejection.
Who the service is for opening an account abroad
- This service is for you if:
You are forming a company abroad
We will help open a corporate account so that you can start working with clients, partners and suppliers quickly.
A bank has already refused to open an account
We will analyse the reasons, improve the document package and select an institution suited to your business.
Your business needs to pass compliance checks
We will prepare the company for compliance checks and help complete the account-opening procedure.
You work with VAT, EORI or marketplaces
We will help open an account that meets international payment requirements and suits your business model.
- This service is not for you if:
You expect to bypass KYC and AML procedures
An account can be opened successfully only after a compliance check conducted in line with international requirements.
You do not plan to verify company information
A properly prepared document package significantly increases the likelihood of a positive decision and shortens the review period.
You cannot verify the source of funds
A financial institution may refuse service if documents confirming the sources of funding and the nature of transactions are unavailable.
You only need an application submitted to a bank
Our support begins before you approach a financial institution: we analyse the risks, prepare the company for compliance and assist until a decision is received.
What is opening an account abroad?
Opening an account abroad
Bank or payment institution (EMI): which should you choose?
What is included in support for opening an account abroad
- We analyse the company, its country of registration, ownership structure and operating model to identify the best account-opening solution.
- We help choose a bank or payment institution based on the jurisdiction, type of activity, expected turnover and international payment requirements.
- We review corporate documents, agree the compliance package and help prepare any missing materials.
- We advise on KYC and AML checks and help prepare information about the company, beneficiaries, sources of funds and future financial transactions.
- We handle communication with the bank, help process additional requests and monitor the application until a decision is received.
- We provide support during the final account-opening stage so that you receive the details needed for international payments and full company operations.
4 steps from the first enquiry to opening an account
We analyse your situation
During the initial consultation, we determine the company's jurisdiction, type of activity, expected transactions, countries of operation and account requirements. At this stage, it becomes clear which banks or payment institutions should be considered and which documents will be required.
We prepare the documents
The KRYNO team will review the corporate document package, information about company owners and compliance materials. Where necessary, it will identify which documents need to be revised or obtained before the application is filed.
We apply and complete compliance checks
Once the documents are ready, the application is submitted to the selected financial institution. If the bank or payment institution requests additional information, you receive recommendations on the response and support until the review is complete.
You receive the account details
After the financial institution approves the application, a corporate account is opened and you receive access to online banking, account details and international payment tools. Depending on the jurisdiction, the entire process may take from several days to several weeks.
How much does opening an account abroad?
The support fee is determined individually because each bank has its own requirements and the account-opening process depends on the jurisdiction, the company’s activities and the complexity of the compliance review.
- Quick response
- No obligation
- Confidential
- Quick response
- No obligation
- Confidential
The price is affected by the company’s country of registration, the selected financial institution, ownership structure, business sector, number of beneficiaries, international operations and the need to prepare additional documents or explanations for the bank.
The support fee may include an analysis of your situation, selection of a financial institution, review of corporate documents, preparation of the compliance package, application support, communication with the bank and assistance until the account is opened.
The cost of notarisation, apostilles, translations, opening additional accounts, bank or payment institution fees and other charges arising in a particular jurisdiction may be agreed separately.
After a free consultation, the KRYNO team will calculate the cost for your specific situation.
Documents required for opening an account abroad?
Common myths and facts about opening an account abroad
Common assumptions
“An account can be opened with any bank.”
“If a company is registered in the EU, an account will be opened automatically.”
“A payment institution is always worse than a traditional bank.”
“A refusal from one bank means that an account can no longer be opened.”
The reality
Every bank has its own risk policy and a list of business activities it accepts.
Company formation does not guarantee that an account will be opened — the bank conducts separate KYC and AML checks.
In many cases, EMIs provide IBAN details, support SEPA and SWIFT transfers and meet the core payment needs of an international business.
A refusal may be related to the requirements of a specific institution, so another bank or EMI may approve the application.
“An account can be opened with any bank.”
Every bank has its own risk policy and a list of business activities it accepts.
“If a company is registered in the EU, an account will be opened automatically.”
Company formation does not guarantee that an account will be opened — the bank conducts separate KYC and AML checks.
“A payment institution is always worse than a traditional bank.”
In many cases, EMIs provide IBAN details, support SEPA and SWIFT transfers and meet the core payment needs of an international business.
“A refusal from one bank means that an account can no longer be opened.”
A refusal may be related to the requirements of a specific institution, so another bank or EMI may approve the application.
- FAQ
Frequently Asked Questions about opening an account abroad
In most cases, the company can remain registered, but without a corporate account it will be difficult or impossible to accept client payments, pay supplier invoices, pay taxes and operate fully. If you plan to begin operating immediately after formation, account opening should be considered while the documents are being prepared.
Yes. Most banks open accounts for newly formed companies, but during compliance checks you must explain the future operating model, expected turnover, countries of operation and sources of funding. This information often has a greater impact on the bank's decision than the actual existence of income.
The timeframe depends on the country, bank or payment institution and the complexity of the compliance review. On average, the procedure may take 5 to 30 business days. It may take longer if the bank requests additional documents or information.
Yes. A company can apply to a bank or payment institution itself if it meets the selected institution's requirements. However, additional documents may be required during compliance checks, and a failure to meet the requirements may result in refusal. Preparing documents in advance, analysing the business model and selecting the right bank or EMI improve the chances of opening an account successfully.
Opening a foreign company's corporate account does not in itself create a separate obligation to notify the Ukrainian tax authorities. However, the company owner may have other tax obligations in Ukraine, including under CFC rules. These should be assessed before the company begins operating.
Yes. Many European banks and payment institutions allow the procedure to be completed remotely. However, some financial institutions may require the director or beneficiary to be present in person, complete video verification or provide notarised documents.
A refusal from one bank does not mean that other financial institutions will also refuse. First, the reasons for the decision should be analysed, the document package reviewed and the selected institution's suitability for your business assessed. In many cases, after proper preparation, an account is successfully opened with another bank or payment institution.
There is no universal solution. A traditional bank may be best for some activities, while a licensed payment institution (EMI) may be better for others. The choice depends on the company's jurisdiction, expected turnover, client geography, the need for SEPA, SWIFT, VAT or EORI and partner requirements.
Open a corporate account abroad and begin operating in international markets
A bank refusal or lengthy compliance review is not always related to the company’s activities. The most common reasons are incorrectly prepared documents, an unsuccessful application strategy or selecting a financial institution that does not accept your type of business.
During a 30-minute consultation, we will analyse your business, help identify the bank or payment institution that best meets your needs, explain which documents must be prepared and develop a step-by-step account-opening plan. After the consultation, you will understand the next steps, estimated timeframe and support costs, allowing you to enter international markets with confidence.
