To open a business bank account with VoltLegal, here’s what you’ll need:
- Company Registration Documents: We will ensure that all necessary documentation, like your Articles of Incorporation and business registration certificate, are in order. These documents prove your business’s legal formation and are a core requirement by most banks.
- Identification of Directors and Shareholders: At VoltLegal, we guide you through gathering proper identification for all owners, directors, and major shareholders. Typically, this includes passports, ID cards, and proof of address to comply with KYC (Know Your Customer) standards.
- Tax Identification Number (TIN): We assist in obtaining the appropriate tax identification number for your business, whether that’s an Employer Identification Number (EIN) in the U.S. or its equivalent in other jurisdictions. This is often mandatory for tax and compliance purposes.
- Business Activity Information: Banks may ask for details about your business activities, especially if you are operating internationally. We prepare the necessary documentation, including a business description or plan, to facilitate the account opening process.
- Filling Bank-Specific Forms: VoltLegal will handle the completion of all bank-specific forms required for account opening, ensuring compliance with local regulations like AML (Anti-Money Laundering) rules.
- Initial Deposit: Some banks require a minimum deposit to open an account. We help you manage this process and ensure your account is set up with the correct deposit according to bank requirements.
By choosing VoltLegal, you get expert support throughout the entire process, ensuring all documentation is prepared and submitted efficiently. We make sure that opening a business bank account is straightforward and aligned with both local and international standards.