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Benefits of using VisaNet:
Opening a corporate bank account in Europe is one of the most cost-effective and advantageous solutions to date. Many European banks offer debit cards such as Visa or MasterCard to their customers once an account is successfully open.
In order to start processing Visa card transactions, our clients need to open a corporate bank account. This brief review contains a list of European banks that provide the opportunity to open a corporate bank account in Europe with subsequent connection to the global electronic payment network VisaNet.
VisaNet IAT (International ACH (the Automated Clearinghouse) Transaction) code is the opportunity to start making international money transfers. The IAT (International ACH Transaction) is the new Standard Entry Class (SEC), which replaces the CBR and PBR SEC codes that are in use today. Nowadays, many the U.S. based financial institutions receive international payments that cannot be properly identified. The new IAT code was specifically developed to deal with such situation. You can connect to VisaNet on your own in one of the banks mentioned below. The chances that you will succeed with opening a corporate bank account for a Non-Resident Company are rather slim; therefore we strongly recommend forming a company in a relevant jurisdiction.
In order to connect to VisaNet, we suggest incorporating a business entity in a country with the maximum number of potential partners and opening a bank account in the same state.
A company in Europe is a unique opportunity to take your business to the next level.
Our experienced lawyers will be able to provide you with professional legal advice regarding the best jurisdiction to open a non-resident account in Europe along with the list of banking institutions that are likely to be cooperative.
We would like to reiterate that the optimal decision would be to register a company and open a corporate bank account in the same foreign country.
All banking institutions that provide the opportunity to open a corporate account in Europe for non-residents adhere to and comply with Anti-Money Laundering (AML) rules that are intended to prevent money laundering and other international criminal activities.
Our lawyers are perfectly aware of the favorable foreign jurisdictions to register your company that would allow you to enjoy the advantages of the centralized and modular payments network VisaNet to the fullest extent
For more information, please contact our experts at IQD Consulting.
Consultation Fee on the above issue: EUR 350 / hour