Short pieces on accounts, payments and structures across borders. Written from files, not from theory. Published by Konfido, dated, kept up to date.
A corporate service provider forms a company for a client. The registered office is at their address, one of their people sits on the board as local director, the company secretary is theirs, and the engagement letter has one more line near the bottom: assistance with bank account opening.
Read the note →Running a business across two or more countries is operationally complex by nature. What should not add to that complexity is the financial infrastructure underneath it. Yet for most internationally active entrepreneurs, it does. Three or four banks. Different logins for different markets.
Read →The company was incorporated three weeks ago. The director is appointed, the first contract is ready to be signed, and a client in another country is waiting for an invoice and an account to pay it into. The bank asks for six months of statements and copies of recent invoices. There are none.
Read →29 notes shown
