Company Private Bank Account

One of the first things you will need to decide when you open an private bank account is whether you'd like to have a company private bank account (commonly referred to as a corporate account) or a personal private bank account.

The decision will depend in some part on what you want the account for. If you are already engaged in private business, chances are you've already established an international business company or an private corporation.

International business companies and private corporations can help enhance your banking privacy. However, some private bank accounts offer very little in the way of financial privacy. In the end, the degree to which your privacy will be protected depends in large part on the private jurisdiction or tax haven in which your banking is located, and the relevant tax treaties and information sharing treaties these jurisdictions have with your home country.

A corporation of any kind can help shield you from frivolous litigation by providing a certain amount of individual lawsuit protection. If you are looking to bank private in one of the so-called tax havens, chances are you're more worried about reciprocal tax treaties, banking privacy and bank secrecy laws and the strictness of their enforcement.

A bank transfer or wire to a company, rather than an individual, provides an extra layer of secrecy. If that private company issues bearer shares it becomes even harder to uncover the beneficial owners or owners. In addition to bearer shares, limited liability corporations (LLCs) are popular in many private jurisdictions due to their flexibility, and familiarity in the "onshore" world.

Whether you chose a C corporation, LLC, or other popular corporate structure, the biggest challenge remains the banking. While private service providers, acting as a registered agent can help organize and incorporate in a multitude of private jurisdictions. The problem is, once an private corporation is setup, securing banking for your new company can be very tricky, and often leaves the buyer of the private entity with a useless company, or an expensive trip to the private jurisdiction to attempt to secure a bank account. Capital Conservator solves this common problem by being first and foremost a banking institution.

Our NewZealand registered Savings and Loan can set up online private bank accounts for your new or established private or onshore corporation in as little as eight minutes. Everything can be handled online and no inconvenient, expensive, travel is required -- which can help you maintain a low profile!

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