Opening non-resident NRA accounts in foreign banks
Fully remote procedure
Opening accounts in different banks
From 1500 EUR
Professional assistance and support at every stage of the account opening process.
In today’s globalized world, businesses increasingly expand beyond the borders of a single country, which requires reliable and convenient banking solutions. Opening NRA (Non-Resident Accounts) enables companies to effectively manage their finances across different regions of the world, simplifying access to local markets and international payments.
Our company offers professional assistance in opening NRA accounts for non-resident companies in leading financial institutions worldwide. We take an individual approach based on the client’s needs, current market conditions, and our extensive experience working with international banks. This allows our clients to receive the best possible banking terms and successfully grow their businesses.
Our company offers professional assistance in opening NRA accounts for non-resident companies in leading financial institutions worldwide. We take an individual approach based on the client’s needs, current market conditions, and our extensive experience working with international banks. This allows our clients to receive the best possible banking terms and successfully grow their businesses.
Why are NRA accounts becoming essential for international business?
- Expanding capabilitiesNon-resident accounts allow companies to easily conduct transactions in foreign currencies, minimizing exchange and conversion costs. This is especially important for businesses engaged in import–export operations.
- Reducing business barriersMany banks in regions such as Asia and the Middle East offer specialized service conditions for non-residents, including simplified account-opening procedures and more flexible customer requirements.
- Integration with local marketsFor companies operating in countries with developing economies, NRA accounts act as a bridge that facilitates effective cooperation with local suppliers, clients, and partners.
- Risk minimizationWith NRA accounts, companies can diversify their assets across multiple jurisdictions, helping protect them from political or economic risks in any single country.
In practice, more and more companies choose to open NRA accounts in order to solve the following tasks:
- Ensuring convenient banking services in the countries where the main business activities take place (e.g., a Hong Kong company operating in Taiwan or Vietnam).
- Optimizing cross-border transfer costs by using local banks.
- Meeting tax and regulatory requirements through opening accounts in the appropriate jurisdictions.
- Simplifying cooperation with local counterparties by maintaining an account in the local currency.
- Using multi-currency accounts for effective financial management.
List of Banks and Countries for Opening NRA Accounts
South Korea: Kookmin Bank, Shinhan Bank.
Vietnam: Vietcombank, BIDV, UOB.
Indonesia: Bank Mandiri, BNI.
Taiwan: CTBC Bank, Taipei Fubon Bank.
Singapore: DBS, OCBC, UOB.
Hong Kong: HSBC, Hang Seng Bank.
Vietnam: Vietcombank, BIDV, UOB.
Indonesia: Bank Mandiri, BNI.
Taiwan: CTBC Bank, Taipei Fubon Bank.
Singapore: DBS, OCBC, UOB.
Hong Kong: HSBC, Hang Seng Bank.
- UAE: Emirates NBD, Mashreq Bank, First Abu Dhabi Bank.
- Qatar: Qatar National Bank, Commercial Bank of Qatar.
- South Africa: Standard Bank, FirstRand Bank.
- Nigeria: Access Bank, Zenith Bank.
- Cyprus: Bank of Cyprus, Hellenic Bank.
- Lithuania: Swedbank, SEB.
- Switzerland: UBS, Credit Suisse.
- USA: Citibank, JP Morgan Chase.
- Canada: RBC, TD Bank.
- Armenia: Ameriabank, Ardshinbank.
- Kazakhstan: Halyk Bank.
- Russia: Gazprombank.
- Kyrgyzstan: RSK Bank, Aiyl Bank.
Documents required to order the service
On Boarding Memo
1
Corporate Documents
2
Special Documents
3
- Certificate of Incorporation.
- The latest Business Registration Certificate.
- The latest NAR1 (or NNC1 for newly formed companies).
- Articles of Association.
- A color scan of the director’s and shareholder’s passport (photo page), with a resolution of at least 300 dpi.
- Proof of address (utility bill, bank statement, driver’s license) in English, not older than 3 months.
- Director’s résumé.
- Director’s business card (if available).
Proof of Business Activity
4
- Two sets of Contract + Invoice + Delivery Note with a buyer from the last 6 months.
- Two sets of Contract + Invoice + Delivery Note with a supplier from the last 6 months.
- A bank statement from another corporate bank account (may significantly affect pre-approval).
- The Director’s or Shareholder’s personal bank statement (if available).
- Company website (if available).
- Presentation of services or products.
Service cost
Opening a bank account for a Singapore company
€
3750
Bank Account opening in Digital Payment System
€
1500
Office Address. Assistance in account opening
€
1200
Single Representative Services
€
1200
Opening Personal Bank Accounts in Hong Kong and Singapore
€
2450
We guarantee that this price is final
Related services
Frequently Asked Questions
The main factors include:
- The geography of your business;
- The currency in which most operations are conducted;
- The bank’s requirements for non-residents;
- The presence of tax treaties between countries.
The main reasons for refusal:
- Incomplete document package;
- Risks associated with the client’s jurisdiction;
- Non-transparent company structure;
- Non-compliance with bank due-diligence requirements.
The process of opening an account in a Chinese bank can take from several weeks to several months, depending on the bank and the complexity of the document review.
A virtual account is opened and managed entirely online. The process is faster and cheaper, but the range of services is limited.
A traditional bank account usually requires an in-person visit to the bank, takes more time to open, but provides a much wider range of services, including loans and investment products.
A traditional bank account usually requires an in-person visit to the bank, takes more time to open, but provides a much wider range of services, including loans and investment products.
Useful articles about bank account opening
Why choose us?
Licensed Corporate Secretary
Direct Services in China and Singapore
We provide services directly in Hong Kong, China, and Singapore without intermediaries. This speeds up the registration process and enables clients to manage their businesses more efficiently in these jurisdictions.
We are a licensed provider of corporate secretary services in Hong Kong, ensuring full compliance with local laws and regulatory requirements. Our license guarantees the reliability and security of the services we provide.
Comprehensive Turnkey Services
We offer not only company registration but also full support services: accounting, assistance with bank account opening, and handling correspondence at the company’s registered address. This ensures convenience and minimizes bureaucratic complexities for our clients.
Experience Since 2016
Since our founding in 2016, we have successfully assisted hundreds of companies in registering and efficiently conducting business. Our experience with international clients allows us to cater to the unique needs of each company, regardless of size.
Personal Manager for Each Client
Each client is assigned a personal manager who guides them through all stages of registration and ongoing support. This individualized approach ensures tasks are handled promptly and according to client expectations.
Confidentiality and Data Security
We guarantee complete confidentiality and protection of client data, strictly adhering to commercial secrecy regulations. Your information is secure at every stage of our cooperation.
Transparent and Fair Pricing
We provide clients with detailed cost breakdowns of all services, avoiding hidden fees. This ensures full transparency and predictable expenses.
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