Starting a global business expansion is exciting, but dealing with transactions across borders, especially for companies outside Europe, can get a bit complex. At Wallter, a licensed Electronic Money Institution by the Bank of Lithuania, we’re here to make it easy for you to open a borderless bank account. This way, you can focus on growing your business while we take care of the details of financial transactions.
Explore these smart tips to simplify your company’s registration. We’ve also added extra insights to help you understand the process better and make registration simple.
Registering Your Non-European Company for a Borderless Bank Account
1. Enter Accurate Data:
Ensure all information provided is accurate and easily verifiable. Wallter‘s registration steps highlight mandatory fields, making the process straightforward.
2. Get Your Documents Ready
Review your company documents before commencing the registration process. This step accelerates the process and ensures compliance with necessary regulations and language standards.
Wallter accepts documents in English, Romanian, Hebrew, or Lithuanian. For other languages, certified translations are required. Certain countries may necessitate special notarized documents due to online limitations.
Essential documents for Non-European companies include:
- Registry Extract: Confirming your company’s status.
- Certificate of Incumbency: Verifying current officers and their positions.
- Memorandum and Articles of Association: Crucial for legal checks.
- Proof of Website Domain Ownership: Demonstrating your online presence.
3. Verify Your Identity
Be prepared for identity verification, a crucial aspect of complying with know-your-customer regulations for any financial service application. Wallter’s stringent yet efficient verification process ensures both compliance and security.
- Identity Check: Confirming your ID with a valid government-issued ID.
- Proof of Address: Validating your current residence or operational location through recent utility bills or official letters within the last 90 days.
4. Familiarize Yourself with Local Regulations
Non-European companies aiming to open an account with a licensed electronic money institution in Lithuania must comply with strict financial regulations, encompassing Anti-Money Laundering, Know Your Customer, and data protection requirements. Adherence to specific electronic money institution and payment services regulations, along with rigorous financial reporting, corporate governance standards, and consumer protection rules, is essential. Collaboration with legal experts familiar with Lithuanian regulations ensures seamless compliance for a successful account setup.
5. Respond Promptly to Additional Requests
After submitting your application, our Onboarding and Compliance teams take over, meticulously reviewing your documents. The review duration depends on your company’s complexity and the promptness of document submission. Wallter aims to complete verification within 1 to 3 working days.
Ready to Open Your Borderless Bank Account? Act Now!
To kickstart the process, visit our registration portal at registration.wallter.com.
Why Choose Wallter?
Selecting an Electronic Money Institution licensed by the Bank of Lithuania offers strategic advantages for non-European companies. Lithuania’s robust regulatory framework aligns with EU standards, ensuring a secure and compliant environment. Wallter combines modern financial solutions with strict regulatory oversight, providing swift cross-border transactions, adherence to international compliance standards, and a transparent regulatory environment.
Wallter caters to a wide range of industries, from low-risk to high-risk sectors. Whether you’re in manufacturing, technology, gaming, forex, e-commerce, or other sectors, we’re here to support your cross-border banking needs.
Our mission is to simplify banking for non-European companies worldwide, allowing you to focus on business growth.
Questions or need assistance? Contact us anytime. Your better banking journey begins here!