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At our company, we understand that expanding a business internationally can be a daunting task. Here, you’ll find information about the services we offer, the cost of opening a bank account, and the documents required.

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If you still have questions or need more information, please don’t hesitate to contact us. Our team of experts is dedicated to providing excellent customer service and will be happy to help you in any way we can. Whether you’re just starting out or looking to expand an existing business, we’re here to guide you every step of the way.

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FREQUENTLY ASKED QUESTIONS

Whether you’re a new customer or a long-time supporter of our business, we hope you’ll find this resource helpful. If you can’t find the answer to your question here, please don’t hesitate to contact us directly. Our team is always happy to help.

Is it possible for a non-resident to open a business bank account in the UK or EU ?
The answer is yes, however, it can be a complex process. The level of difficulty may vary depending on the size and type of your business. At Open, we are here to help you through this process and take care of all the required steps for you.
What are the costs associated with our services ?

The cost varies depending on the specific circumstances of your case. We don’t charge any fees until your application is pre-approved by a financial institution or EMI. Once pre-approved, we charge a 50% fee. The remaining 50% will be invoiced once your bank account is established.

On average, the cost ranges from €1,000 to €5,000 per account, which is significantly cheaper compared to similar services on the market.

What kind of information will be required in the process?

Our goal is to make the process of opening a bank account as simple as possible for you. Therefore, we will not ask for a lot of unnecessary information. The questionnaire will be short and designed to help us identify any potential issues with your application and match you with the right banking partner that suits your needs.

Here are some examples of the types of questions you can expect in the questionnaire:

  • What is the purpose of opening a UK/EU business bank account?
  • Which currencies will you need to use?
  • What is the size and nature of your business?
  • What is the expected monthly volume of transactions?
  • What is your annual revenue?
What kind of documentation will be required ?

Our goal is to make the process of opening a bank account as simple as possible for you. Therefore, we will not ask for a lot of unnecessary information. The questionnaire will be short and designed to help us identify any potential issues with your application and match you with the right banking partner that suits your needs.

Here are some examples of the types of questions you can expect in the questionnaire:

  • What is the purpose of opening a UK/EU business bank account?
  • Which currencies will you need to use?
  • What is the size and nature of your business?
  • What is the expected monthly volume of transactions?
  • What is your annual revenue?
How long does it take to open a business bank account?

he time frame for opening a business bank account can vary depending on the specific circumstances of your case and the bank you choose. However, on average, it can take anywhere from 4 to 8 weeks.

Our team of experts will work with you to ensure that the process is as smooth and efficient as possible.

Can you guarantee that my application will be approved ?
We cannot guarantee that your application will be approved as it ultimately depends on the bank’s decision and their compliance requirements. However, our team of experts has a wealth of experience in this field and will work with you to ensure that your application has the best chance of success.
Is your fee a one-off?
Yes. We do not offer and/or charge any subscription services.

FREQUENTLY ASKED QUESTIONS

Whether you’re a new customer or a long-time supporter of our business, we hope you’ll find this resource helpful. If you can’t find the answer to your question here, please don’t hesitate to contact us directly. Our team is always happy to help.