Raag Infotech Ltd has offered an unrivalled support to its customers within the previous few months that the others just cannot make: the provision of a certain banking account with each company. We are able to make this bold assertion because we’ve a proven track record of achievement of happy customers.

We are able to deliver on the promises we make, usually exceeding expectation to open bank accounts with formality and minimum fuss. We want our customers to experience a trouble-free support in order that they are in a position to operate their business with no worry of creating a banking account, that’s why we complete all applications for you personally and we’re more than pleased to help with any queries you’ve got before, during or after your banking account is opened.

Bank account pre-approval Service:


REQUEST AND COMPLETE THE FORM TO US BY EMAIL OR PHONE WITH SCANNED COPY OF PASSPORT. ONCE WE’VE RECEIVED YOUR FORMS BACK WE WILL REVIEW AND CONTACT YOU TO DISCUSS THE BEST BANKING ALTERNATIVE FOR YOUR NEEDS. WHOLE PROCEDURE USUALLY TAKE 72 HOURS.

THE USE OF THIS SERVICE ALLOWS US TO MAKE SURE YOUR APPLICATION COMPLIES WITH LATEST INTERNATIONAL MONEY LAUNDERING REGULATIONS.  LOOK UPON THE FORMS AS A LETTER OF DISCUSSION BETWEEN US AND YOU, OUR CLIENT. NO INFORMATION WILL BE PROVIDED TO ANY BANKS WITHOUT YOUR PRIOR KNOWLEDGE.

If You want to open a corporate bank account for Your existing company, You need to provide us with the corporate documents scans:

  • Apostilized set of [Certificate of Incorporation, Memorandum & Articles of Association)
  • Resolution to appoint director
  • Register of Directors
  • Register of Members (Share Register)
  • Bylaws (if any)
  • Share Certificate
  • Certificate of Good standing (If company is older then 1 year)
  • Power of Attorney (if Applicable)
  • Declaration of trust (if applicable)

Visit to the bank is not required however establishing a personal relationship with bank manager is always recommended.  Personal visit is always recommended to keep the process Hassel free where corporate client is involved with complex or high value transaction. It is noticed that clients faced very few issues with their application who communicated successfully with their corporate bankers.

Apostle copy of all the documents is always recommended and required from bank with certified incorporation certificate, by laws and director’s resolution to open the bank account.

Few of the banks also require certificate of good standing and some other banks Eg; swiss etc. required documents to be notarized and apostatized in a company’s jurisdiction of incorporation

Certified passport copied and appropriate board resolutions evidence is required by all the banks. As banks need to know the business activity, nature of business, thus we need a detailed and perfect business plan for a new company operations including projected turnover and the geographic spread of the business. Initial deposit is also required by some of the banks and average balance maintenance is also required by some of the banks.

Many banks require clients seeking to issue fax instructions for money transfers to execute an indemnity in favor of the bank.

Application requirements:

Credit score is not required for any of our accounts. Application rejection is possible only in two scenarios. Either any criminal record or business activities which is against the acceptance rule of bank.

We always ask our client to discuss or declare any problems before application which might be the reason for application decline. We are always here to assist you. Our approval rate is 99% and that’s too is quickly and hassle free.

Just provide us the following information:

  1. Detailed and concrete description of business, give a link to your website (if any).
  2. Your location and whether you can go to a meeting with a bank’s representative.
  3. Countries the business will be carried out in and countries for planned transactions.

Best part about our application procedure is that client does not have to travel to the bank only exception is DUBAI (UAE). According to UAE law presence is mandate who is willing to open the account. And there is no exception for this. However, in this case we can arrange a pre -approval for you before your visit.

Whole account opening procedure take usually two weeks to, which is slandered time (if all the documents are in order) 1-2 months (if there is any delay in documents)

Please note ” we do not guarantee a successful account opening in any of our partner bank.

Account opening is based on the sole discretion of the bank application approval also depends upon the nature of the business, countries where business is conducted, background check of beneficial owner of the company, Personal profile etc.

Which means that nay bank can decline the application at any stage without giving any reason, because every bank has their own internal clients DUE DILIGENCE POLICY.

Successful application is not guaranteed; however we will increase your chances for a successful account by introducing your application to the alternate bank free of charge.

Data and documents required to open a corporate account:

Certified copy of a passport or government issued photo ID*

Certified copy of a recent utility bill (or original), or certified bank statement (with address), or certified government ID (with address) *

A bank reference letter (This is a letter from your bank on their letterhead confirming that your account with them is in good standing)

CV (resume)

Business plan or extensive business description

Company documents (if company is registered with us we will prepare everything necessary for the bank and will inform You about any related costs involved with documents provision to the bank)

Other documents (depending on the bank, they might request additional documentation to confirm business activity, relations with partners and contracts/agreements)

*A certified document copy is a copy (often a photocopy) of a primary document, that has on it an endorsement or certificate that it is a true copy of the primary document. We accept the following individuals and institutions for document certification:

Notary public

Apostille

Lawyer

Auditor

Law Enforcement Officer

Justice of the Peace

Regulated Financial Institution

For a company with nominee service analogous information on the attorney and the beneficiary of a company is to be provided

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