The inescapable trend of globalization is causing an increase of interest in creating overseas bank accounts, both for personal and professional use. If you're conducting business internationally and considering opening a bank account in another country, paperwork legalization is something you'll want to factor into consideration.
International operations have historically been challenging due to a variety of bureaucratic obstacles and varied regulations from country to country. The adoption and general acceptance of the Apostille certification, on the other hand, has greatly simplified this process. The Apostille allows your documents to be legally recognized by all countries participating in the Hague Convention.
Foreign financial institutions may not be able to easily verify personal information, necessitating the need of an Apostille certificate for your documents. The following are some types of documentation that may require an Apostille while opening an account in another country:
Copies of passports
Copies of Utility Bills
Proof of earnings
Confirmation of employment e.g. employers letters
Please check with the banks or attorneys assisting you with this process to get a definitely list of what you need ahead of time.
International trade and business activities may offer great value to your firm when you're wanting to expand. You may need an Apostille for the following papers when opening a business bank account overseas:
Certificate of Incorporation
Memorandum & Articles of Association
Powers of Attorney
Certificate of Good Standing
Again, this is a guideline and not an official list, so check with the foreign parties you're working with to learn more about what is needed. The Apostille process can be a difficult and tedious process for those that don't have experience. Feel free to contact American Apostille & Notary Services for assistance today!