An entity without a working account cannot do much. We introduce you to banks that understand Labuan structures and prepare the application with you.
Opening an account for a Labuan entity takes more than a form. The bank wants to know who stands behind the structure, where the money comes from and what it will be used for.
We assemble that picture before you sit down with them.
A client incorporates in Labuan and has an invoice to send that week. His customers pay in three currencies. He needs an account that takes all three, from a bank that does not treat a Labuan entity as a warning sign.
Your part is to tell us what the entity does and provide us with the supporting documents.
We tell you which banks suit your activity.
We assist in the preparation of the documentation and check it before it goes in.
If the bank has any queries, they will contact us and you.
The bank makes the decision, and nobody can promise you otherwise.
You end up with a relationship rather than a one-off approval. The bank has a name to call at ITMC when something needs explaining, which is usually faster than explaining it yourself.
That depends on your activity and where your money moves. We will recommend the ones that fit once we know what the entity does.
Some banks may want to meet you and others do not. We will advise you which before you apply, so it does not arrive as a surprise.
Multi-currency accounts are available. Which currencies depends on the bank you end up with.
Tell us what the entity does and we will say which banks are worth approaching.