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    International certified Full-Banking-Service
    for private and business accounts

    As a long-standing bank introducer and associate helping to obtain premium cards for businesses and individuals including the American Express Centurion Card (black card), Privacy Management Group has over 10 years ago developed an international Full-Banking-Service that meets the highest international service standards.

    Certification and control

    In order to guarantee our clients a continuous high quality service provision, we have since 2010 regularly had all our service areas checked by TÜV NORD and certified in accordance with ISO 9001:2015.

    International private and business accounts
    incl. online banking and visa/mastercard

    Whether you would like to open an international private or business account, our Full-Banking-Service offers you a wide selection of international private and commercial banks as well as FinTech companies in Europe, Asia, South America and the world’s leading financial offshore centres.

    Full-Banking-Service by Privacy Management Group

    Our Full-Banking-Service offers you much more than just support with your account application. As a certified banking introducer and specialist service provider, we support you, in your own language, throughout the whole account opening process, handle the application swiftly and reliably together with you and thus offer you uncomplicated access to ‘international banking’ worldwide.

    Services

    • Advice on the application process/support in your language,
    • Preparation/verification of the required documents for opening an account,
    • Preparation of the account opening contract (if required),
    • Support throughout the whole process/opening of the desired account.

    Consultation

    Would you like to form a company with a suitable business account, online banking & Visa/Mastercard? We are happy to advise you free of charge and without commitments.

    Checklists

    Full-Banking-Service

    Requirements for opening a business account

    Corporate documents, already included at formation stage:

    • Incorporation certificate,
    • Memorandum / Articles of Incorporation, current extract from the director’s register (if applicable), proof of registered office in the country of residence, extract from the commercial or company register incl. nomination of company headquarters, ownership or shareholder certificate, Certificate of Good Standing (if the company has been operating for more than 12 months),
    • Identification of the Ultimate Beneficial Owner (UBO),
    • Valid business license (if applicable).

    Documents of the director, shareholder and UBO:

    • Attested/unattested copy of a valid passport (dependent on the bank),
    • Original of a current utility bill,
    • A bank reference, not older than two months (in some cases an original),
    • Curriculum Vitae (short resume).

    NOTE:

    It is at the bank’s discretion whether to approve or reject an account opening application. Our undertaking is to introduce you and your company to your preferred bank and to support you actively throughout the account opening process. However, we cannot guarantee that your account application will be approved and successfully opened by your preferred bank. Please also take note of our General Terms & Conditions. With respect to the following checklists we would like to inform you that every bank has the right to request additional documentation, translations or validations, for which you may incur additional costs. The guidelines on this page are for your information and are not exhaustive. We reserve the right to change or update information and to correct errors. Incomplete or incorrect application forms may delay the account opening process.

    Legal Conditions and Conditions of Use

    Legal Notices

    Privacy Management GroupFZ-LLC regularly checks and updates the information on its websites. Despite all due diligence, it is possible that some facts have changed in the meantime. It is therefore not possible to assume liability or provide any guarantee as to the relevance, completeness or correctness of the information provided. The same applies for all other websites that are accessed through the hyperlinks provided. Privacy Management GroupFZ-LLC is not responsible for the content of websites that are accessed through these links. Furthermore, Privacy Management GroupFZ-LLC reserves the right to make changes or additions to the content provided. In addition to the content and structural copyright protection rights of Privacy Management GroupFZ-LLC websites, the reproduction of information or files, in particular the use of texts, extracts or images, is prohibited without the prior written consent of Privacy Management GroupFZ-LLC.

    None of the content on any of the Privacy Management GroupFZ-LLC web pages represents an individual recommendation nor is it to be understood as an invitation to trade, default or purchase. Privacy Management GroupFZ-LLC also explicitly points out that you should seek advice from experienced tax consultants and/or lawyers, in particular for any cross-border activities. In principle, any income generated domestically or internationally is subject to taxation. It is solely your responsibility to fulfil your domestic and/or international tax obligations appropriately. Privacy Management GroupFZ-LLC does not accept liability under any circumstance. Additionally, our General Terms & Conditions as well as our Data Protection Provisions and Legal Details apply.

    Asset Protection

    CFC-Management-Services

    The taxation of companies on an international level generally follows the principle of decision-making power. A company is thus taxable in the country where ‘Management & Control’ is exercised. In general, international authorities assume that ‘Management & Control’ of a company is exercised in the same country where the general manager/director resides.

    Therefore, if you live outside of Panama, it makes sense to have at least local managing directors/directors in Panama. The level of authority of these Nominee-Directors can be determined individually according to personal needs and legal requirements.

    In addition, in most cases at least one foreign business address or even a foreign business premise is required. For this, we offer appropriate packages, with which this can be verified.

    Note: It is of course also possible to hire local managing directors instead of using nominee directors, should you prefer to do so. We are happy to advise you on the one-off and running costs upon request!

    Annual fees are only due after the first 12 months

    The annual fees are not due for payment until 12 months after the formation of your company in Panama. In the following years the settlement of the annual fees follows a 12-month cycle.

    For example: You establish a company in Panama on 14.07.2019. The start-up fees already include all the costs for the first year, with the exception of costs for optional services. After 12 months, at the latest on 14.07.2020, the annual fees for your company in Panama are due for payment (plus any optional services). Subsequently, the payment date recurs every year on 14th July at the latest.

    Renewal of the management fee annually USD 820.00
    Registered agent annually USD 325.00
    Registered office annually USD 325.00
    Corporate franchise fees annually USD 394.00
    Total annual fees annually USD 1,864.00

    Annual fees are only due after the first 12 months

    The annual fees are not due for payment until 12 months after the formation of your company in the Seychelles. In the following years the settlement of the annual fees follows a 12-month cycle.

    For example: You establish a company in the Seychelles on 14.07.2019. The start-up fees already include all the costs for the first year, with the exception of costs for optional services. After 12 months, at the latest on 14.07.2020, the annual fees for your company in the Seychelles are due for payment (plus any optional services). Subsequently, the payment date recurs every year on 14th July at the latest.

    Renewal of the management fee annually USD 190.00
    Registered agent annually USD 210.00
    Registered office annually USD 210.00
    Corporate franchise fees annually USD 190.00
    Total annual fees annually USD 800.00

    CFC-Management-Services

    The taxation of companies on an international level generally follows the principle of decision-making power. A company is thus taxable in the country where ‘Management & Control’ is exercised. In general, international authorities assume that ‘Management & Control’ of a company is exercised in the same country where the general manager/director resides.

    Therefore, if you live outside of the Seychelles, it makes sense to have at least local managing directors/directors in the Seychelles. The level of authority of these Nominee-Directors can be determined individually according to personal needs and legal requirements.

    In addition, in most cases at least one foreign business address or even a foreign business premise is required. For this, we offer appropriate packages, with which this can be verified.

    Note: It is of course also possible to hire local managing directors instead of using nominee directors, should you prefer to do so. We are happy to advise you on the one-off and running costs upon request!

    CFC-Management-Services

    The taxation of companies on an international level generally follows the principle of ‘location of decision-making power’. A company is thus taxable in the country where ‘Management & Control’ is exercised. In general, international authorities assume that ‘Management & Control’ of a company is exercised in the same country where the general manager/director resides. .

    Should you intend not to take on the position of local manager/director, despite having an investor visa, we can provide you with the appropriate trustee-service that will manage this position for you – a nominee is a natural person residing in the UAE. Similarly, should you not wish to officially appear as a shareholder of your Freezone-company in RAK, even in this case we can satisfy your requirements through the use of an appropriate Nominee-company. Let’s talk about it, we are at your disposal!

    CFC-Management Packages

    The international CFC-Rules are of particular importance when a Panama company wants to, for example, send invoices to companies based abroad.

    Each country implements CFC-Rules on a national and individual basis and thus makes different demands on the substance and structure of a foreign company. For the benefit of your customers, business partners and contractors and with the aim of not losing them, for example through ‘denied business expenses’ in your country of residence, you should adapt your company to international standards. In regards to this we can support you with one of our management packages.

    Management Package
    Management & Control
    Director-Nominee-Service
         Management & Control
    (Director-Nominee-Service)

    More information
    Management Package
    Incl. Office-Service &
    Director-Nominee-Service     Management & Control incl.
    Office-Service &
    Director-Nominee-Service
    More information
    Management Package
    Incl. Individual Office &
    Director-Nominee-Service     Management & Control incl.
    Individual Office &
    Director-Nominee-Service
    More information

    CFC Management Packages

    The international CFC-Rules are of particular importance when a Seychelles company wants to, for example, send invoices to companies based abroad.

    Each country has implemented the CFC-Rules on a national and individual basis and thus makes different demands on the substance and structure of a foreign company. For the benefit of your customers, business partners and contractors and with the aim of not losing them, for example through "denied business expenses" in your country of residence, you should adapt your company to international standards. In regards to this we can support you with one of our management packages.

    Management Package
    Management & Control
    Director-Nominee-Service
          Management & Control
    (Director-Nominee-Service)
    More information
    Special
    Management Package
    Management & Control
    incl. Virtual-Office-Service &
    Director-Nominee-Service     Management & Control
    incl. Virtual-Office-Service &
    (Director-Nominee-Service)
    More information
    Management Package
    Management & Control
    incl. Office-Service &
    Nominee-Service     Management & Control incl.
    Office-Service &
    Director-Nominee-Service
    More information
    Management Package
    Management & Control
    with local Managing
    Director & private office     Management & Control incl.
    Managing Director &
    private office
    More information
    Contact
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