What is a corporate account
A corporate account is a bank account that is specialized for companies and businesses. These accounts differ from personal and investment bank accounts in that they offer services reflected directly at businesses.
DeltaQuest provide a range of services related to the opening of offshore bank accounts, including corporate accounts. Open a Corporate Account with the assistance of DeltaQuest.
Corporate account explained
Corporate accounts differ from personal or investment bank accounts in that they offer services that reflect corporate needs and therefore have different regulations during the opening process. When opening a corporate account you will be doing so for the purpose and benefit of a business.
When opening your account it is important to select a jurisdiction that reflects your business needs, as each jurisdiction offers differing services based upon its financial regulatory body. When opening a corporate account you will be doing so in a recognized worldwide financial centre, however each financial centre is regulated by a different financial authority and it is therefore important to ensure that the offshore jurisdiction you choose to bank with will reflect your banking needs.
As corporate accounts are created specifically for companies, their minimum capital requirements for opening the account will differ from those of a personal or investment account. This is because the account will be dealing with different amounts of money and for different purposes. However this amount will also depend upon the jurisdiction you open your corporate account with.
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