It takes up to 10 minutes to submit the application and 4-5 working days to change the Secretary, Director and/or Nominee Shareholder, if applicable. The timeframe for transferring of company file in original to the new Corporate Administrator depends on the Corporate Administrator in charge.

First, make a free account. Then, the process is the following:
1. Signing of the Instruction for transfer of administration by UBO.
2. KYC procedure (documents of Attorney(s), Director(s), Shareholder(s) and UBO(s) are requested).
3. Preparation of resignation and appointment documents by YouReg Service Provider.
4. Transferring of company file containing original corporate documents, contracts, power of attorney(s), bank statements if any to the new Corporate Administrator.

Instruction for transfer of administration signed by UBO, documents of the Attorney(s)/Director(s)/Shareholder(s)/UBO(s) for the KYC check, bank statements (if the company has bank account(s)). Afterwards, company file containing all original documents is transferred to the new Corporate Administrator.

Yes, original certified copies of KYC documents are requested, if you cannot arrange a face-to-face meeting during KYC procedure (you are only available for a video conference). Also, Instruction for transfer of administration signed by UBO and some of corporate documents are required in original to change the Corporate Administrator.

Yes, if you provide the contact details of the current Corporate Administrator to the new one and introduce them to each other.

Yes, after signing up and sending a request you will receive a list of banks and other financial institutions in different jurisdictions where YouReg Service Providers have established a smooth and settled procedure of opening an account.

Yes, the account can be opened in any bank of your choice. If you don’t have contact details of the bank’s manager, we will try to find them.

The process of account opening is the following:
1. Forwarding a small description of the company and the individuals involved to the bank.
2. Filling of bank forms.
3. KYC procedure (documents of the company, Director(s), Shareholder(s) and UBO(s) are requested by the compliance department of the bank).
4. Sending of certified documents and signed bank forms in original to the bank.
5. Receiving of bank confirmation regarding account opening.

Each bank or other financial institution has its own list of required documents depending on the jurisdiction of the company. The standard lists are:
In regards to legal entity: corporate documents including Registers of Directors and Members, Certificates of Good Standing and Incumbency issued within the last 6 months, latest Financial Statements.
With respect to individual: a valid passport, proof of address issued within the last 3 months, Curriculum Vitae, bank reference letter issued within the last 6 months.
However, additional documents could be requested.

Usually, it takes up to 4 weeks to open an account from the date of submission of the documents and bank forms. However, this timeframe could be extended depending on the bank and its internal procedures.

No, physical presence requirement depends on the financial institution’s policy. The bank or other financial institution can also arrange a skype call or a video conference instead of a face-to-face meeting.

Many financial institutions maintain representative offices in various locations around the world. If there is such a representative office in your country, the meeting can be arranged there. Also, bank’s representatives often have business trips during which a short meeting can be arranged.

Any person can be a Signatory of the account. If that person is not a Secretary/Director/Shareholder/UBO of the company, additional information regarding the relation to the company can be requested by the bank.
Maximum number of the Signatories is specified by the bank; however, many banks allow to appoint at least two Signatories.
Signatory is changed upon request by completing the relevant form.

Yes, it can. A debit/credit card is issued by the bank and other financial institution upon request during the account opening process or later by filling out a special bank form. One account – one debit card with one currency and one credit card.

Yes, it can. A cheque book is issued by the bank upon request during the account opening process or later by filling out a special bank form. The bank may request the reason for issuing of it. Maximum number of the cheque books is specified by the bank.

YouReg doesn’t provide any recommendations. Bank tariffs and Terms & Conditions can be sent as the assistance in decision making.

YouReg Service Providers assist with:
– communication with bank managers including provision of comments to the additional questions/requests;
– filling out bank forms;
– certification of corporate documents and documents of individual(s) if the original copies are provided;
– sending the original copies of signed bank forms and certified documents to the bank.
Requests for account opening can be sent to 3 different financial institutions. However, if there is more than one opened account as a result, you will be required to pay extra 1490 EUR for each.

Unfortunately, no. Final decision is made by the financial institution and no one is able to affect it. However, we are doing our best to get a favorable decision on the account opening. If the bank rejects the request, there will be 2 more attempts to open the account within an already paid service.

Yes, the fee is 790 EUR.

Contact information is provided in the Bank Welcoming Letter. The communication is by email or phone authorised during the account opening procedure. If the email or mobile number is changed, the bank should be notified about it immediately.

Currently financial institutions strictly observe the Anti-Money Laundering legislation. Due to this they request so many documents to ensure that the transaction is legitimate. However, standard package of documents are required typically.

If you are trying to reach the bank or other financial institution by email or phone and are not receiving a response back, contact YouReg and we will help you.

The time of processing transactions depends on the financial institution. If there is no bank notification of a cut-off time for transactions, holidays or other reasons for delay, you can contact YouReg and we will help you.