An important distinction
Forming a company doesn't mean a bank account opens automatically.
Company formation and bank or payment-provider onboarding are separate approval processes. Banks and payment institutions make their own, independent assessment.
01CompanyFormation completed
02Bank / payment providerIndependent onboarding and review
03Business operationsBegin after approval
What onboarding may involve
- Identity verification
- Business model review
- Source of funds checks
- Operating address checks
- Compliance review
Within the scope of our service, we help you prepare and navigate the process. Account opening is the institution's decision and is not guaranteed.
An important distinction
Where a company is formed and where it owes tax are not the same question.
Tax obligations don't depend only on the country of registration; where the company is managed and where it actually does business can change the outcome.
Factors that may be relevant
- Company jurisdiction
- Place of management and control
- Nature of the business activity
- Customer location
- Inventory location
- Owner and director circumstances
- Applicable local and international rules
Tax position should be assessed for each company and individual.