Say my Company’s offshore account is in USD and I want to also open an account in Euros for the company? How do I add a further currency capability to my offshore company’s existing offshore account?


To facilitate such a wish is a fairly simple process. All we would have to do is:


  1. Call a director’s meeting and pass and document a resolution authorizing the opening of a further account in the preferred new currency
  2. Have the original or a certified copy of the resolution delivered to the company’s registered office
  3. Draft a cover letter to give to the bank together with the resolution
  4. Deliver the resolution and cover letter to the bank.


Once the bank has this within a week or so they will email or fax a letter to you confirming that the account has been opened and advising the new account number.


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