Acerca de
Corporate Bank Account Opening Services in West Africa
How to open a bank account in West Africa?
As you expand your business into West Africa, you may find that you need to incorporate locally, or that you need to establish local payroll and employee benefits, or any number of other crucial activities in a new jurisdiction. This necessitates opening a bank account, which can be a difficult and time-consuming process, especially in a foreign market. ​
We at Kafui & Partners are happy to help you open local bank accounts in West Africa. We also offer guidance on banking needs, including aspects that international banks might not be able to accommodate due to language or regulatory barriers.
Our Corporate Support Solutions
We help open new bank accounts in diverse ways of need. Types of bank account for business in the following 4 Steps Process:
#1 Business onboarding- tell us about your business
Our corporate services team will attentively comprehend your business requirements. Our experts recommend countries to open corporate bank accounts based on your long-term business objectives and commercial requirements.
When selecting the most appropriate region, there are many things to consider. This covers both the tax implications and the risk category of the company's operations.
​
Some of the inquiries our team will address in this stage are:
-
Does your business require offshore banking to legally minimize taxes?
-
What are the objectives of the business?
-
Is your corporate structure simple or complex?
-
What type of money transactions do you intend to use?
-
What nationalities do the company's directors and shareholders hold?
#2 Making use of the banking network in West Africa
We will give you a list of all banks (located in West Africa) that responded favorably to your query. We'll give you crucial details like bank account opening costs, minimum deposits, transaction limits, and account maintenance costs so you can select the bank that best suits your company.
We then progress our corporate bank account opening service as soon as you confirm which bank is best for your company.
#3 Review pre-filled account opening forms
You will receive account opening forms from your preferred banks that have been pre-filled by us. Once you return the forms to us, our team thoroughly reviews them before submitting them to the bank officers and continuing account opening discussions.
We will communicate often with the banks on your behalf during this time. You are legally obliged to carefully review and sign the forms which we send to you.
#4 Account Successfully Opened
If the bank's compliance team approves your application, your new business bank account will be open within 3 business days. Our team will make sure that the internet banking token is activated, that the bank documents are sent to you on time, and that the initial deposit is made.
​
Usually, it takes 5 weeks for our clients to open business bank accounts. You should expect to use internet banking about two weeks after the bank account is opened.
​
Important to note that an operational bank account would need the physical presence of the manager/director of the company to finalize the procedure.
FAQ FOR BANK ACCOUNT OPENING SERVICES IN WEST AFRICA
Why should you open a corporate bank account with us?
Our notoriety allows us to facilitate the bank account opening process in any of the banks you may choose in West Africa. Remotely or on the ground, we can assist you throughout a VIP service to avoid long delays or queues in bank offices.
When you hire us for corporate support services, we can also be the treasury manager of your company and serve as authorized signatories on your cheques and manage your local bank accounts.
How to open a bank account in West Africa?
Kafui & Partners has an impressively high rate of success in opening corporate bank accounts in the desired jurisdiction of our clients by following these four simple steps. In around 3 days, our experienced staff will have opened your business bank account.
Are you looking for bank account opening services for your business?
We are your corporate services consultant. We help you open a corporate bank account faster in West Africa. We also provide business formation services, registered agent and address services, as well as tax and accounting duties fulfillment for multinational corporations.
To learn more about how to arrange for the opening of a corporate bank account, get in touch with us. Our team will respond within 24 hours.
Bank account opening services in West Africa
Our business and individual clients can quickly set up a bank account in Benin, Togo, Cote d’Ivoire or any other West African country. Our corporate service team matches clients with viable and qualified banks so the application process can begin without wasting time and money. With our help, you can be the next successful bank account opening applicant because our high-quality process has a 100% success rate.