I am establishing a web business ( website venture ) with a partner. We will likely incorporate in Nevada or Wyoming.
We require a corporate bank account to deposit sales and accept advertising revenue. Withdraw money to pay for hosting, online ads etc. Nothing new.
The problem is finding a bank that does not require a physical visit. In our case, we live in different countries, countries without common banks.
Its a bit frustrating really. We do not require offshore privacy etc. We just need a way to accept cash from our payment processor and advertising networks. And then perform basic cash management ( e.g. wire ).
Direct banking, Internet-only banking, onshore, offshore are all perfectly fine.
Any ideas on who we should approach or what we should do ?
I think you need to mention:
1. Where you are based yourself?
2. Where you'd like to open your account(s)?
3. Why is it that you cannot approach a "local" bank to open a corporate account for yourself?
(2) No preference
(3) All owners / directors would need to present themselves to a local bank branch so that they can present ID and provide their signature ( witnessed by employee ). No Canadian banks in his country.
Well, your best bet is - (from experience), you would need to go to your local Canadian bank, and present your application.
For the other partners / directors, they can go to their local bank (one which they bank with), and get a letter from there verifying their identity, and that would be acceptable by your account opening bank - justification being that they do not reside in Canada. Have you tried this or asked your bank about this posibility?
The only other alternative would be to purchase a "service" which would open you a bank account in addition to registering your business in Nevada or Wyoming, or alternatively, you would need to use an intermediary "agent" to handle this for you on a contract.
" For the other partners / directors, they can go to their local bank (one which they bank with), and get a letter from there verifying their identity, and that would be acceptable by your account opening bank - justification being that they do not reside in Canada. Have you tried this or asked your bank about this posibility? "
I have talked to local banks and they suggest that a visit would be necessary. But the letter suggestion might work. I will ask if that will do
If not, can you point me in the direction of such " agent " services ?
Well, I can't recommend or give you any advice on that unfortunately, however, there are numerous organisations in the US which undertake business name registrations and provides you with a bank accounts too - check them / their services out (heres one from a google search - www.incorporate-us.com), and also do a Google search for similar services and i'm sure you'll come up with something ... all the best!