Director services
Director Services for International Clients: Compliant and Reliable Solutions
In many countries, entrepreneurs setting up a limited liability company are legally required to appoint a resident director. The resident director can either be:
A local citizen of the country, or A foreign national holding a valid residency permit.
In some jurisdictions, appointing a resident director can also serve other important purposes for your business. For example:
Simplifying the incorporation process:
even though it may not be required by law, having a resident director may eliminate the need for personal travel to the country during the company formation process.
Bank signatory requirements:
In some countries, the bank signatory must be a resident or hold a valid work permit. The approval process for a visa can take months in certain jurisdictions.
Service Term
In cases where immediate director services are needed for company incorporation or opening a bank account, C2Z Advisory offers temporary director services. The appointed director can be removed after the incorporation process is complete or when the bank account is successfully opened. That said, most of our Clients require nominee director services long-term. To give the flexibility our Clients need, our services are renewed annually.
With our global network, we provide director services in over 80 countries, offering our international clients expert assistance to ensure compliance and smooth operations.
No access to corporate bank accounts
C2Z Advisory directors will not act as bank signatories or have access to company bank accounts unless specifically required.
Appointment of an international director
We advise clients to appoint an international director to sit on the board alongside our C2Z Advisory directors to ensure balanced oversight.
Nominee Director Agreement: A nominee director agreement
is signed by both, C2Z Advisory directors and our Client, outlining all terms and conditions and specifying our client will be fully responsible for the day-to-day business operations. Our nominees do not have voting rights nor management decisions powers.
Limited contract signing
Unless explicitly required by our clients or local authorities, C2Z Advisory will not sign business contracts on behalf of your company.
Due diligence
We provide detailed due diligence on the nominee director to ensure full transparency.
Steps to open a corporate bank account: A Seamless Process with C2Z Advisory
At C2Z Advisory, we work closely with our clients to identify the optimal location for opening a corporate bank account. Once the location is selected, we help shortlist up to five preferred banks in that jurisdiction, giving you multiple banking options to consider.
Before we communicate with the banks, C2Z Advisory will collect due diligence on the company, its directors, shareholders and intended bank signatories as well as detailed information on the company activities, location of the customers, suppliers, management team, financial projections, etc.
With this comprehensive data, our firm will prepare the required business plan and complete the initial KYC (Know Your Customer) forms as per the bank's specific requirements.
Ensuring we collect this information at this stage will minimize the number of times we revert to our Client requesting information, allowing them to focus on what is really important to them.
Once the necessary documents are prepared, C2Z Advisory reaches out to the bank officers to request an initial review of the submitted materials. Banks typically take approximately two weeks to provide preliminary feedback and confirm their interest in moving forward with your corporate account application.
In most cases, banks’ legal and compliance departments do not assess the initial due diligence. Instead, this task is handled by the front desk officer. As a result, it is common for the bank to request additional documentation at various stages of the account opening process
or banks that express preliminary interest, we create a detailed summary table comparing key factors such as:
- Account opening fees
- Minimum balance requirements
- Transaction fees
This comparison is shared with our client, along with our order of preference. We always recommend that clients shortlist at least two preferred banks to mitigate the risk of rejection, as the ultimate decision rests with the banks.
For the shortlisted banks, C2Z Advisory will prepare the necessary bank account opening forms and maintain regular communication with the banks to ensure that any additional information or documents required are promptly provided.
Before corporate bank account numbers are issued, certain banks may require additional steps, including:
- Document notarization or attestations
- A one-hour in-person meeting with the bank
- The bank signatory securing a local work or residency visa
If these requirements are needed, C2Z Advisory will assist in coordinating these steps to ensure smooth completion.
Once all necessary steps are completed and the bank has confirmed receipt of all required information, the corporate bank account numbers are typically issued within 4 to 6 weeks. Clients are required to fund their accounts within one week of the account number issuance.
After the successful opening of your corporate bank account, internet banking login details are typically provided within two weeks, ensuring you can easily manage your account online.
Nominee Director's Annual Responsibilities
As a nominee director, C2Z Advisory’s annual responsibilities are clearly defined:
Depending on the jurisdiction of service, nature of the business and risk profile enhanced due diligence may be required.
Some banks may also require i) document notarization and / or attestations and / or ii) our Client to visit the bank for a one-hour meeting and / or iii) the bank signatory to secure a local work and residency visa. If required, C2Z Advisory will assist with organizing these.
Compliance with local regulations
We are appointed solely to comply with the local regulatory requirements or at the request of our clients.
Communication with authorities or banks
When necessary, and with your written permission, we will liaise with local authorities or banks on administrative matters. We always ensure our clients are copied on all communications.
Annual financial statements
If required by law, our nominee director will sign the company’s annual financial statements, following a review and approval by C2Z Advisory’s accountants.
Conclusion: Trusted Director Services for Global Business Compliance
At C2Z Advisory, we understand the complexities of managing corporate compliance across borders. Whether you need a director to meet local regulations or other reason, our expert services provide seamless solutions. With our extensive experience and presence in over 80 countries, we ensure that your business operates smoothly and stays compliant with all legal requirements.
Contact C2Z Advisory today to learn more about our director services and how we can support your business's growth and success globally.
Why Choose C2Z Advisory for Corporate Bank Account Opening?
Expert Guidance
We assist you in selecting the best location and banks for your corporate account.
Comprehensive Support
From due diligence to account opening, we handle all paperwork and communication.
Efficient Process
We manage the entire bank account opening process, reducing the complexity and time involved.
Tailored Solutions
Our team provides personalized support, ensuring that all your banking needs are met.
Start your corporate bank account application today with C2Z Advisory and experience a hassle-free process.
