Hello, I’m CPA Maximiliano Mira Salas. In this new edition of our weekly newsletter, we address a central topic for companies and individuals operating internationally: the opening of bank accounts outside the country of residence.

At FINANCERS, we work with 7 international banks to support entrepreneurs, investors, and business owners in managing their accounts. Each institution responds to specific needs, regulatory frameworks, and business models.

🏦 Banks We Work With

Relay: Exclusive for U.S.-registered companies.
Mercury: Exclusive for U.S. entities, with a digital and flexible approach.
Winterbotham (Bahamas): Focused on offshore companies.
Chase: Large corporations and U.S. entities with physical presence.
International Finance Bank (IFB): U.S. companies, offshore entities, and personal accounts.
OceanBank: Corporate, personal, and offshore accounts.
Banesco: Versatile option for companies and individuals with international operations.

🔍 Key Differences

Account requirements and minimums: Each bank sets different balance thresholds.
Operating costs: Depend on the company’s profile and transaction volume.
Opening timeline: Ranges from 5 days to 1 month, depending on the bank and corporate structure.
Opening fees: Typically between USD 250 and USD 2,500.
Target industries: Each institution specializes in sectors such as technology, real estate, international trading, or professional services.

⚠️ Important Considerations

Choosing the wrong bank can delay operations and generate unnecessary costs.
Not all banks accept offshore structures without proper advisory.
Required documentation must meet strict compliance and anti-money laundering standards.

📌 Legal and Accounting Disclaimer

This publication is for informational purposes only. The choice of bank must be evaluated on a case-by-case basis, considering tax residency, corporate structure, and industry.

At FINANCERS, we provide advisory and management services for opening bank accounts, ensuring each client accesses the institution that best fits their business needs while complying with international regulatory requirements.

CPA Maximiliano Mira Salas
International Tax Advisor | FINANCERS 🇦🇷🇺🇸