Who Is It For?
What We Help With
Understand business model, ownership, transaction requirements and banking needs to identify potentially suitable options.
Review and organise corporate documents, ownership structure, UBO information, business profile and supporting documents.
Help clients understand KYC, AML, source-of-funds and source-of-wealth requirements.
Coordinate with banking teams, arrange meetings, address clarification requests and follow up throughout the process.
Support the final stages of account opening and activation, subject to the bank’s approval and requirements.
Understanding Corporate Banking Requirements
Banks may consider various factors when reviewing a corporate account application. These may include:
- Company activity and business model
- Company jurisdiction
- Shareholder and ownership structure
- Directors and authorised signatories
- Business experience
- Expected account activity
- Expected transaction volumes
- Countries of operation
- Customer and supplier locations
- Source of funds
- Source of wealth, where applicable
- Financial information
- Supporting corporate documentation
Requirements can vary depending on the bank, business profile and applicable compliance procedures.
Documents Commonly Required
Depending on the business and the financial institution, documents may include:
Company Documents
- Trade Licence / Certificate of Incorporation
- Memorandum & Articles of Association
- Shareholding documents
Shareholder / Director Documents
- Passport copies, Visa and Emirates ID, where applicable
- Proof of address
- Professional or business background information, where applicable
Business Information
- Company profile
- Website
- Customer/supplier information
- Business projections
- Bank statements, where applicable
Document requirements vary by financial institution and client profile. The above list is indicative and should not be considered an exhaustive list.
Your Corporate Account Opening Journey
Initial Consultation
We understand your business and banking requirements.
Profile Review
We review the key information relevant to your banking application.
Bank & Requirement Guidance
We discuss potential banking options and relevant requirements.
Documentation Preparation
We help you organise the required information and documents.
Application & Coordination
We assist with the application process and coordinate with the relevant institution.
Bank Review & Decision
The financial institution reviews the application and makes the final decision.
Preparation Can Make a Difference
A well-prepared corporate banking application should clearly communicate:
Corporate Account Opening Can Be Complex
Businesses may encounter challenges such as:
- Incomplete documentation
- Unclear business activity
- Complex ownership structures
- International transactions
- Cross-border business relationships
- Additional KYC requests
- Difficulty explaining expected account activity
- Delays caused by missing information
Prime Trust helps you navigate these requirements with greater clarity and preparation.
Professional Guidance. Structured Support.
Prime Trust helps businesses approach corporate banking with a structured process and professional guidance.
Frequently Asked Questions
The timeline varies depending on the financial institution, business profile, documentation and compliance review. Some applications may be completed relatively quickly, while others can take longer.
We review the client’s business or financial profile, requirements, transaction needs and other relevant factors before identifying potentially suitable options.
Potentially, depending on the business structure, shareholder profile, company activity and the financial institution’s requirements.
No. The final decision to open an account rests solely with the relevant financial institution and is subject to its internal policies, compliance procedures and eligibility criteria.
Requirements vary. Common documents may include company incorporation documents, trade licence, ownership information, identification documents and business-related information.