OPENING A BANK ACCOUNT / OPENING A COMPANY ACCOUNT
If you are interested in starting a business in Lithuania, you need to open a bank account with a Lithuanian bank. This makes it easier to pay your employees, suppliers, partners and others. It also simplifies the procedure for paying taxes to public institutions.
However, opening an account is not an easy process, especially if the owner or co-owner of the business is a non-Lithuanian resident. Therefore, if you want the process to be quick, smooth and hassle-free, you can entrust it to us. Our qualified and experienced team cooperates with the largest banks in Lithuania and Poland and is ready to help every new business. Our specialists will provide professional advice, comprehensive legal assistance, represent you and your business before state institutions if needed, answer all your questions and do everything to make it quick and easy for you to start and develop your business.
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OPENING AN ACCOUNT QUICKLY AND CONVENIENTLY
Efficiency
We complete the entire process in the shortest possible time.
Convenience
You don’t have to go through the bank’s procedures and processes, or worry about translating documents – we’ll do it all for you.
Reliability
We ensure compliance with all legal and procedural requirements and prepare documents in accordance with the bank’s requirements.
Experience
We’ve been working with international businesses for many years, so we understand your needs.
Leave everything to us and enjoy a smooth and professional quality of service.
Contact us for a detailed commercial offer!
Considering opening a bank account in Poland?
Are you considering opening a foreign bank account? Maybe the banks operating in the Lithuanian market don’t meet all your or your business needs? Maybe geopolitical or economic circumstances have influenced your desire to open a foreign bank account? If so, we suggest you consider opening a bank account in Poland. Poland has a relatively strong banking sector and a good banking reputation. Polish banks offer the possibility to open accounts for both residents and non-residents. A wide range of banking services is available.
Your or your company’s activities can be carried out in Lithuania, and all banking transactions and services can be carried out in a Polish bank.
Your money in Polish bank accounts is protected up to a limit of EUR 100,000.
How do I open a bank account in Poland?
The choice of bank is determined by the capital climate and structure of the client, the specific nature of the business, the geography of the partners and many other factors. Currently, Polish banks have tightened up their account opening procedures and processes, requiring not only information and documents demonstrating the transparency and legitimacy of the business, but also asking the client to justify the links with Poland. Thus, the Polish bank needs to demonstrate its willingness and plans to partly carry out your activities on the Polish market, i.e. to justify its need to open a bank account in Poland.
We offer you qualified assistance in the process of opening a Polish bank account. We will ensure correct and efficient communication between you (as a customer) and the bank’s representatives. We will help you to submit all the information, questionnaires and documents and represent you in the process of opening a bank account. Our specialists are fluent in Polish, both orally and in writing.
To open a bank account in Poland, you need a proof of identity (ID card or passport). If you are a non-EU national, you may need to provide your residential address. This can be PESEL, the Polish national identification number. For example, Ukrainian citizens may need a PESEL when opening a bank account with a Polish bank. It is important to check in advance the banks’ individual requirements and the list of documents requested.
What documents do I need to open a bank account in Poland?
Documents required to open a bank account in Poland:
– Passport or ID card of the company representative or any photo ID;
– Address and other contact information of the company;
– Documents indicating the persons representing the company and the manner of representation (electronic certified extract of the Centre of Registers);
– Articles of Association / Regulations of the company and documents depicting the final beneficiaries;
– Shareholder / member structure and extracts of the Centre of Registers on the legal entity’s participants and/or beneficiaries.
Important. All documents should be no more than 1-3 months old, translated into Polish and certified by a sworn translator registered with the Polish Ministry of Justice.
How much does it cost to maintain an account?
The cost of maintaining a bank account depends on the bank you choose, the number of accounts and/or cards you have, the banking services you choose and other factors.
Do I need to come to Poland?
The company’s director/authorised representative will be required to appear in person once at a Polish bank (after a positive decision has been taken). We will arrange a meeting with the bank’s representatives for you. During the meeting, the bank will carry out the identification of the client and all documents will be signed.
Which is the best Polish bank to open an account with?
To choose the bank that best suits your expectations and needs, please consider the following:
– what documents the bank requires to open an account;
– what additional requirements need to be fulfilled when opening a bank account;
– what fees are applied to the customer at the time of opening a bank account;
– what fees are applied for maintaining the bank account (after opening);
– what are the possibilities of withdrawing and depositing;
– what are the number of possible transactions (payments, receiving receipts, etc.); – what are the possibilities of withdrawing and depositing money; – what is the number of transactions (payments, receiving income, etc.)?
– what are the possible restrictions on transactions, depending on the specifics of the customer’s activity, etc.
Opening an account with any European company remains one of the most important and thorniest issues. The necessity of opening a bank account is understood by everyone, and both individuals and various businesses are aware of the importance of this process. In order to start the process of opening a bank or an account, it is important to know the basic requirements in order to have a smooth and fast communication with the bank from the very beginning. This is why we offer our specialist services to help you save time and costs, as we will take full care of you from the first step to the last.
Benefits of having a bank account in Lithuania:
– Lithuanian banks offer the possibility to open accounts for both residents and non-residents;
– Everyone has the opportunity to choose a bank based on their business goals (the country is home to both small Lithuanian-owned banks and the largest Scandinavian banking groups);
– The bank account opening service is available to Lithuanian, EU and other CIS nationals;
– Wide choice and use of different languages (online banking, as well as all the bank’s staff, speak Lithuanian, English, Russian);
– Multi-currency account available;
– State guarantee for the return of deposits up to €100,000 from one bank;
– Control of funds in accounts and all transactions (including payments) at any time of the day or night;
– Possibility to order government, banking or other commercial services for your business in Lithuania without direct personal presence via online banking.
Account opening procedure:
For legal entities:
– Opening a company account in Lithuania, where the shareholder and/or director is a non-Lithuanian, requires more effort and action, but with the help of specialists it is possible.
– Each bank is individual, i.e. it has its own peculiarities in the organisation of its operations and service provision processes. Some banks ask for a non-refundable upfront fee to be paid at the stage of submission of documents, while others ask for detailed documentation confirming the company’s connection to the country (Lithuania) in addition to all the necessary documents.
– Depending on the bank chosen and the specifics of the company’s activities, the average review period varies from a few days to several weeks.
– At certain stages of opening a bank account, the company’s director must appear in person at the bank.
For natural persons (if not resident in Lithuania):
The guidelines and procedures for opening a bank account for non-residents in Lithuania are no different from the processes and procedures for opening an account for a company. You will only need to go to the nearest service branch and present your identity document – passport with a valid Schengen visa. At the bank, you will be asked to justify the purpose of opening the bank account, and we often ask for a link to Lithuania. If you do not have sufficient information, the bank will terminate the account opening process.
Together with our team of professionals, we will match our clients (both individuals and their companies) with the bank that best suits their expectations and needs, taking into account their nationality and links to Lithuania. Our specialist services will help you to make the right choice of bank, assessing whether the bank will meet all your requirements and needs, and whether the bank you choose will be willing to have a long-term and loyal relationship with you. Going through the bank account process on your own can easily waste your time, incur additional costs and lead to choosing a bank that does not meet your expectations.
Advantages of working with Buhalteria.lt:
For more than 7 years, our company has been successfully assisting Lithuanian and foreign companies and individuals to open accounts in Lithuania. Many of our clients have long-term business relationships with us and recommend us to their friends and business partners.
We have qualified lawyers who are familiar with the subtleties of local legislation and how to deal with banking institutions. Opening an account for a non-resident with our help is a realistic and feasible task, which we will complete for you as quickly as possible, taking into account the specifics of your business and company’s activities.
We discuss each issue individually: we value your time and choose the best bank to meet your exact needs.