Many today start their business abroad because there are more opportunities and business flourishes better. But, probably, each of those who started their business abroad faced a problem. Registering your business and running it is possible without any problems, but opening a bank account is more difficult.

Here it is very important to find a trusted and reliable bank that will open an account for you abroad without any problems, and with which it will be profitable and safe to cooperate. Since many are trying to make more money from their visiting clients, it is important not to fall into the hands of scammers.

We recommend reading more about reliable banks abroad here. And then we will talk in more detail about business abroad and tell you how to choose a bank in another country.

About Business
Today, every second person starts their own business business in another country, and the issue of opening a bank account is considered very important and necessary. Many banks abroad refuse to open an account for any company or manufacturer, which creates a lot of difficulties in doing business.

Therefore, it is very important to find a good and reliable bank in another country that will open an account for you and will cooperate with you without any high-interest rates and fraud. You can also consult with your business partners about which bank abroad is best to start working with, this will help you not to make a mistake and start working with a good bank.

How to choose?
Speaking about how to choose a bank that will open an account for you abroad, you first need to read all the details about such an operation, and then find out which banks open accounts for visiting businessmen, and so on. Be sure to study all the features of such a bank account, find out details about the company that will open the account for you, and also find out how safe and reliable banking services are offered to you.

Then read the reviews about such a bank, and if these reviews are positive and the bank is recommended, feel free to start cooperating with such a company.
In the last years’ Fintech companies are a good solution for offshore companies. Fintech companies should have a license for providing financial services. They are actually opening payment accounts and you can easily send and receive money from the customers anywhere in the world.

COLLECT & PAY LTD is a licensed FinTech company that developed a state-of-the-art technological solution for global cash flow management and collection for your business.
Our company is registered in AIFC, regulated by AFSA, and registered with FINTRAC (Canada) as an MSB.
The group provides its clients a suite of products such as SaaS & APIs, cashflow management platforms for payments, and collection services around the world. Collect & Pay Ltd accelerates payment processes through the innovative platform.
Open a payment account right now – [email protected]

 

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Disclaimer: The article is meant solely for educational purposes only. By viewing any material or using the information on this page you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content. Collect & Pay Ltd is authorized by the financial regulator of the AIFC, Astana Financial Services Authority (“AFSA”), to conduct the activity(-ies) of Providing money services in a testing environment of FinTech Lab* (AIFC regulatory sandbox) under the Licence #AFSA-G-LA-2020-0005 with an expiry date of 01.10.2022. The status of the license and its validity may be verified at the AFSA website (www.afsa.kz).

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