The procedure to open an account will always depend on the country chosen to carry out the process, since, depending on each entity, the requirements may vary, however, there are general considerations for all nations.

EU connection

If you do not have European citizenship, creating a separate account will require more paperwork as many banks ask for reasons to open an account and better understand your case as you are not a resident.

Proof of address

Many people find it difficult to open an account because they have trouble providing proof of address. Most banks require proof of your residency specifically. Logically, this may vary in each country and each bank.

Authentication requirements

Before proceeding to open accounts in SEPA countries, you need to know the authentication requirements of the country where you want to incorporate. Everything will depend on the origin of your supporting documents and the language in which they are, which can be very expensive. If you are abroad or outside the European Union, it can be difficult to get your documents authenticated in the countries where you plan to open accounts.

In which SEPA countries should I bank?

To establish which SEPA territories are the most suitable for you, the first step is to declare why you want to open accounts. This will not only determine where to constitute, but also what account opening tactics you should use. Plus, it will help you decide how much to deposit and more.

Depending on the category you or your company belongs to, you will have more clarity on which territories are best suited for your banking purposes. Not surprisingly, most SEPA nations fall into the second category, which includes everyday banking services. Only a few outliers make up the first and third categories, representing private banking and transactional banking, respectively.

At Foster Swiss we help you create an account easily and securely. We guarantee the protection of your assets and a pleasant experience when opening an account. We have consultants specialized in the financial area who will provide you with support and advice at every step.

For more information, go to info@fosterswiss.com