Category Archives: Bank Account

Do you need a business plan for future investors, for your Visa application, for Bank Account Opening? Then, you must wonder: how long shall my business plan be? This is a recurrent question coming from our customers! And here is the usual reply: the size doesn’t matter, what matters is that you can exhibit that …

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The Key Controller is an individual appointed to exercise direct control over the entity, by participating in the governance or senior / executive activities of the business. Key Controller typically sets the strategic direction of the entity and exercises control jointly with other directors or senior executives. It can be a corporate entity. Key Controllers …

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Direct Appointee is an individual authorised under an executed instrument of the entity to act on its behalf with respect to the banking relationship, and to appoint authorised signatories or delegate authority to others to represent the business in limited circumstances, e.g. the Company secretary. Direct Appointee is typically appointed by the Board of Directors …

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Here is the answer you are looking for! It is an entity or legal arrangement – i.e. Trust, Foundation, etc. – that sits between the entity and the Ultimate Beneficial Owner in the ownership structure.

We distinguish two distinct types of beneficial owner, the first one being in relation to a corporation, and the second one in relation to a trust. 1.       In relation to a corporation, it means that it is an individual who: –          Owns or controls, directly or indirectly (through a trust or bearer shares holding), not …

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