Directors
FinSpace sources non-executive directors for the companies that we incorporate in order to ensure that their affairs can be properly managed and controlled from their place of incorporation. This service is often combined with our other company management and/or our domiciliation services.
Our directors are experienced and knowledgeable individuals. Before appointment they will need to have a thorough and comprehensive understanding of the company and its business so they can properly exercise independent judgment.
Bank account opening
All companies require a bank account in order to be able to do business, but opening accounts is becoming increasingly difficult due to international transparency and anti-money laundering initiatives. Many banks will no longer open accounts for non-resident companies. Others will only open accounts for clients that have been introduced by a recognised and licensed service provider that is on their ‘approved list’.
All banks now undertake increased due diligence – not just when opening accounts but also on a transactional basis. Account opening procedures differ widely between banks, sometimes even between different branches of the same bank. Applications can be complicated and documents often have to be certified or notarised and translated.
FinSpace has longstanding relationships with many banks in Mauritius, Hong Kong and offshore, and we can assist with bank introductions and the preparation and submission of the necessary documentation.
How this works?
- We approach bank account openings with the specifics of the client’s business in mind. Whether you operate an FX brokerage or a cryptocurrency exchange, we’ll offer you a suitable solution.
- We will analyze and advise you on options and solutions according to your business specifics to find the most suitable bank accounts
- We will prepare our own due diligence analysis of your case to ensure that your application package is stellar
- We will receive a preliminary confirmation from the bank about opening an account
- We will help you to collect and correctly draw up all the necessary documents
- We will provide all the necessary information and documents in the required form to the bank
- We will carry out all the necessary procedures and negotiations with the bank before successfully opening an account
