During the foundation of a company, the client is often a member of a diversified group that comprises a lot of members and is present in several countries and even on several continents.
Rigorous money laundering rules and the obligation to identify the actual owners place an administrative burden on both lawyers and credit institutions opening a payment account.
In our experience, not only can it be a seemingly small but time-consuming task to obtain the authentic constitutional documents of the foreign parent company, but often opening a payment account can also take a long time, which can sometimes delay the company registration process. Therefore, careful preparation is needed to plan the various steps of the company formation process so that the company applying for registration can meet all the deadlines.
