Opening a Bank Account in Europe

Any foreigner, including a citizen of the Russian Federation or another CIS country, has the opportunity to open a bank account in Europe in 2019. A foreigner who wants to open a bank account in Europe should be aware that there is a Single Payment System (SEPA) on the European continent. Within this system, payments are faster and cheaper than when transferring funds from outside it.

A bank account in Europe is sometimes needed:

• for travel across the continent. In this case, you can save your own money;
• purchases of real estate by non-residents;
• registering a business providing services remotely, such as a consulting company;
• maintaining savings in a stable banking system and in a reliable currency.

The procedure for opening an account depends on the country in which the selected bank is located. In some cases, only a passport may be required from the applicant. But more often it is a certain package of documents, the content of which should be clarified by contacting the bank. Some banks require you to provide an address in the country to contact the account holder.

We offer individuals and legal entities planning to open a bank account in Europe advisory and legal support at all stages of the procedure. Our specialists will take care of most of the work related to the preparation of documentation and submission of a request. At the same time, the client is relieved of the need to immerse himself in bureaucratic nuances and can focus on his core business.