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Bank Account Opening

As your business expands, you may find you embark on a local incorporation process or need to set up local payroll and employee benefits and other critical activities in a new jurisdiction. To do this, you need to open a bank account, which can be a complex and time-consuming exercise – especially in an overseas market. ​

At Vistra, we can recommend banks and assist you in setting up your local bank accounts. We can also advise on banking requirements – covering elements that may not be supported by global banks due to language or regulatory issues.​

As part of an accounting or administration service, we can also provide cheque signatories and operate local bank accounts on your behalf. If you don't have your own bank account in a certain jurisdiction, we may be able to offer a local trust/client money bank account operated on your behalf as part of an accounting or administration service.​

If you're working across borders, you may require a globally coordinated accounting solution with common processes and controls. 

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I’ve spent much of my career helping organisations expand and operate internationally. There have been many changes during that time, particularly in the last decade. Businesses and investors have had to adapt to the rise of digital commerce, emerging ESG demands, the normalisation of remote work, rising protectionism, inflation and other challenges.
Following the most turbulent period in recent memory, Vistra surveyed over 600 professionals and conducted 20 in-depth interviews to better understand the challenges today’s global businesses and investors face. The result is the tenth Vistra 2030 report. Simon Filmer, who heads Vistra’s company formation sector, calls the latest report “our most comprehensive look yet at how and why businesses, investment firms, regulators and the industry itself are adjusting to a new kind of globalisation.”
Vistra’s 2030 report is the fund and corporate service industry’s leading research series, one that examines changing client demands and how the industry itself is adapting. Our current edition incorporates survey responses from over 600 professionals, 20 in-depth interviews with industry leaders, and data and trends from nine previous reports.
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