Operating companies
New or established, with clients and suppliers abroad. We prepare the first international payments before they are made.
Companies & structures
Operating companies, holdings, trusts and vehicles. Read up to the people.
Accounts, payments and foreign exchange for companies whose owners, clients or structure cross borders. We read the whole file before anything is submitted, including the structures that usually stall.
The structure
One structure. Read as a whole.
An account process can isolate one entity from the rest. Konfido reads the operating company, the holding above it, the trust or vehicle beside it and the people behind them before anything is submitted.
Ownership, control and flowsIllustrative structure
View the full structure
OwnershipRole or controlFlow agreed in writingCH · LU · NL · UK: country of the entity
OwnershipEach line explained up to the people: residence, role, source of wealth where relevant.
FlowsClient receipts, supplier payments, dividends and note proceeds, agreed in writing before the first payment.
One relationshipEvery entity of the structure in the same relationship, with the same point of contact.
Illustrative structure. Names, countries and percentages are not those of any client.
What we work with
From the operating company to the vehicle above it.
Holding companies
No revenue of their own, dividends and intra-group flows read as "no activity". We document purpose and subsidiaries upfront.
Trusts and foundations above the company
Onboarding stalls on the ownership chain. We read it all the way up to the people, once, and explain it clearly.
AMC issuers and securitisation vehicles
We have helped open accounts for AMC issuers and securitisation vehicles, and we currently work with these types of structures. Expected flows are agreed in writing before the first payment.
Cases
Drawn from files we have worked on.
A
A Dutch BV with directors and shareholders in different countries
- The issue
- Residence and role of each person had never been set out in one place.
- What we did
- Explained each director and shareholder upfront, with proof of address and role.
OutcomeAccount open and operating.
B
A holding initially declined after being assessed as having “no activity”
- The issue
- Its activity existed, but its purpose, subsidiaries and expected flows had not been documented clearly.
- What we did
- Documented purpose, subsidiaries and expected flows before submission.
OutcomeAccount open and operating.
C
A securitisation vehicle issuing notes
- The issue
- Note proceeds and payments to noteholders looked unusual to a generalist bank.
- What we did
- Expected flows agreed in writing before the first payment.
OutcomeAccount open and operating.
Based on client work. Identifying details have been changed.
On the platform
Every entity of the relationship, one view.
Switch between you, your holding and your operating company. Same platform, same point of contact.
Common questions
Three situations, answered plainly.
Can a holding company get a business account?
Yes. A holding company can hold an account when its purpose, its subsidiaries and its expected flows are documented before submission. When a holding is declined for "no activity", the cause can be documentation rather than structure.
Konfido reads the holding together with the companies below it and the people above it, prepares the file once and coordinates the account with licensed partners. Dividends and intra-group flows are described in writing so the first payment is expected, not questioned.
Can a securitisation vehicle or an AMC issuer open an account?
It can, when the vehicle, its issuer and the flows it will carry are explained in advance. We have helped open accounts for AMC issuers and securitisation vehicles, and we currently work with these types of structures.
Note proceeds, payments to noteholders, fees to the arranger: each flow is agreed in writing before the account operates. Formal checks remain with our licensed partners and no approval is promised.
Can a new company with a non-resident director open an account?
Yes. A company incorporated weeks ago, with a director resident in another country, can open an account when the residence and role of each person, the activity and the first expected flows are set out clearly from the start.
Files like this are sometimes declined as "too new". Konfido identifies what will be asked for, as early as possible, so it is asked for once. Read the note: Too new to open an account →
What we read
What a file usually contains.
The company
- 01Incorporation documents and current extract
- 02Activity, clients, suppliers and countries involved
- 03Expected flows: volumes, currencies, counterparties
The people
- 04Directors and beneficial owners, with residence and role
- 05The chain above the company, up to the people
- 06Source of funds and of wealth, where relevant
We identify the information likely to be needed as early as possible, so it is asked for once.