Open a Business Account with a Payment System in Netherlands

If you are engaged in international business operations and if you make and receive payments in the EU and other parts of the world, you are certainly interested in having a European bank account. Setting up a corporate account in Europe with a traditional bank is a rather challenging task for a non-resident of the EU. However, there is a Payment Service Provider (PSP) in the Netherlands that is prepared to open accounts with European IBANs for corporate entities registered outside the European Union. All forms of company ownership are welcome to apply for banking services to the Dutch PSP including sole proprietors as well as bloggers and influencers.

Advantages of setting up a non-resident business account in the Netherlands

The Dutch Fintech company that we are promoting here is a licensed financial institution working under the supervision of the Central Bank of Netherlands. The PSP guarantees security of all payments and all assets kept there. In addition to that, it provides the opportunity to order a debit card that can be used for payments in most countries of the world. 

The banking landscape has changed significantly over the recent years. Traditional banks now have to compete with multiple electronic payment systems and the so-called neobanks. The competition is toughening because unlike traditional banks, PSPs do not put forward extremely strict requirements to their potential clients. Their fees are normally lower than the fees charged by banks and their services are as reliable and secure. 

The Dutch PSP that we are describing does not give out loans nor uses the clients’ money in any other way. This will make the capital that you keep with the payment system perfectly safe. 

In addition to opening a corporate account with the Dutch PSP, you can also register a domain name with its help. The names of the company owners as well as the names of the domain owners will remain highly confidential. Your IBAN will start with ‘NL’ if you choose to set up a business account with the Dutch PSP. 

Main benefits of setting up a business account with the Dutch PSP

The main benefits that you will find if you open a corporate account in the Netherlands include the following ones:

• Client support in the English language;
• Online banking opportunities that allow making payments from wherever you are at the moment; 
• Mobile banking opportunities;
• No account opening fee;
• A unique European IBAN at no extra charge;
• A debit pay card;
• Accounts in more than one currency;
• Currency conversion at favorable rates;
• Domain names providing for owners’ confidentiality;
• SEPA, SWIFT, Wire, ACH, and US Check payments;
• An opportunity to make bulk payments (you can make several outgoing transactions at a time). 

We would like to stress that the Dutch Fintech company should be of interest to bloggers, freelancers, and influencers. People with these occupations are going to face no problems opening corporate accounts with the Dutch PSP if they do not come from sanctioned countries and if they succeed at going through the client identification procedures. Most other payment systems (let alone traditional banks) make it more difficult for foreign clients to obtain services from them. The Dutch PSP that we are advertising is truly unique in this respect.

Restrictions that may apply

Some companies whose business activities are traditionally qualified as ‘high-risk’ can open a corporate account with the Dutch PSP. Some other high-risk companies may be unable to do that. Services can be denied to the companies of the following types:   

• A company working without a license where a license is required;
• Trading and financial institutions;
• Charitable foundations. 

The Dutch payment system is prepared to provide banking services to offshore-registered and international companies. Problems may arise if a company UBO or a shareholder is a citizen of a sanctioned country.

Conditions for opening a corporate account in the Netherlands

Opening an account with a European IBAN is an attractive opportunity for any company domiciled outside the European Union. The ease of corporate account opening makes the opportunity especially inviting. You will find the following benefits if you choose to set up a business account with the Dutch PSP:

• The account can be opened remotely.
• No fee is charged for opening the account.
• No security balance is required. 
• The account will be activated within a very short time after the application documents are submitted and reviewed by the Compliance Department.  
• You can set up a business account with the Dutch PSP and make/ receive payments in three currencies: USD, EUR, and GBP. 
• You can transfer money all over the world with the help of SEPA, Swift, ACH, and US Check payment systems.

All you have to do to set up a business account with a European IBAN is scan the application documents. Please note that the documents have to be in English. If you have to translate them, the translations need to be notarized.

Documents required for setting up a corporate account in the Netherlands

For partnerships:

• Notarized copies of valid IDs for each partner;
• Notarized copies of utility bills for each partner to serve as proofs of address;
• The original or a notarized copy of an extract from the Company Register or another agency where the partnership is registered (the document has to be less than three months old);
• A copy of partnership agreement, if available. 

For corporations and other legal entities:

• Notarized copies of valid IDs for each company UBO;
• Notarized copies of utility bills for each company IBO to serve as proofs of address;
• The original or a notarized copy of an extract from the Company Register or another agency where the company is registered (less than three months old);
• A notarized copy of Registration Certificate;
• A notarized copy of company By-laws or another constitutive document;
• A register of company shareholders (if available);
• A copy of shareholder agreement (if available). 

For self-employed individuals:

Self-employed individuals have to submit the same documents that are required for opening a personal account with the Dutch PSP. The following documents need to be submitted:

• A scan copy of the passport or driving license;
• A proof of residential address.

Please note that the PSP administration may request some additional documents. 

Debit card from the Dutch PSP

The Dutch Fintech company provides for an opportunity to order a debit MasterCard. The card will allow making all sorts of payments. A small service fee of EUR 29.50 per year is due.

The processing service available with the Dutch PSP allows processing credit card payments (VISA and MasterCard) as well as payments made through Verotel, CardBilling, GayCharge or Bill payment systems.

Tariffs for corporate account holders

You are also welcome to open a personal account with the Dutch payment system. International Wealth experts will be delighted to assist you in the process.

The procedure of setting up a business account in the Netherlands

This is an exciting opportunity for any non-European company wishing to have a business account with a European IBAN. The Dutch PSP that we are promoting uses online and mobile applications for client identification purposes, which means that you do not have to travel to the Netherlands to set up a corporate account there. 

The procedure of opening an account with the Dutch PSP with our professional support contains the following steps:  

1

Send a service request to info@offshore-pro.info or use a messenger for this purpose (please see the ‘contact us’ icon at the top of the page).

2

Cover the cost of our services by a bank transfer (SEPA, SWIFT), a credit card, PayPal, MoneyGram or other payment system, etc. Please note that we accept Bitcoin and other cryptocurrencies.

3

>Use our guidance on opening a corporate account with the Dutch PSP including application document preparation, application form completion, and client identification procedures.

4

Acquire an application approval from the Dutch payment system and start using your account for various business purposes.