OPEN A BUSINESS ACCOUNT IN AIRWALLEX

Airwallex is an international financial platform focused on online business and cross-border commerce in the Asian market. An Airwallex account is ideal for non-resident companies looking for a convenient way to receive and send payments in multiple currencies without opening a traditional bank account. Airwallex offers flexibility, high speed and competitive fees, making it a great alternative for digital companies and startups.

ADVANTAGES OF AIRWALLEX:

Support for companies with non-residents – you can open an account without local directors or founders in the country of registration.
Multi-currency accounts – the ability to open accounts in USD, EUR, GBP, AUD and other currencies with local details.
Competitive exchange rates – currency exchange rates closer to interbank rates, without high markups.
Platform integrations – connect to Shopify, Stripe, Amazon, Xero and more.
Online management – completely remote opening and management of an account through your personal account.
Fast account opening – if all documents are available, the process can take 1-5 business days.

ACCOUNT OPENING PROCEDURE AND KEY RECOMMENDATIONS:

WHAT TO PAY ATTENTION TO:

Transparent business-model. Airwallex is careful about types of activities — it is important, that business is not in a high-risk zone (cryptocurrency, gambling, content for adults etc).
Documents must be current and legible. Scans must be of high quality.
Clear origin of funds. It is important to clearly describe in the questionnaire where the income will come from and who the main counterparties are.
Financial history (if any). If the business is already operating, show invoices, links to the website, marketplaces, etc.

PROCEDURE:

Filling out a questionnaire with information about the company, business model and planned turnover.
Preparing the necessary documents (company and beneficiaries).
Passing video verification (in some cases).
Reviewing the application and opening an account

DOCUMENTS NEEDED TO OPEN AN ACCOUNT

Documents of a company:

Certificate of Incorporation
Articles & Memorandum of Association
Register of shareholders and directors (if applicable)
Extract from the register (or equivalent – a recent document on the current status of the company)

Documents on beneficiaries and directors:

Passport (or ID-card)
Confirmation of an address utility bill, bank statement, lease agreement — not older than 3 month)
CV или LinkedIn (in some cases)

Additionally (by request):

Links to website, marketplaces (if the company is online)
Invoices, contracts or proof of business activity
Business plan (for new companies)

To get advice

Get a free consultation – if this service is right for you

FEES

Account maintenance and opening

Opening a business account: free
Account maintenance (monthly): 0 EUR / USD / GBP
Minimum balance: not required

Transfers and payments

Incoming payments:

Local incoming transfers (SEPA, ACH, Faster Payments): free
SWIFT-payments (nternational): free (but the sending bank may charge a commission)

Outcoming payments:

Local transfers:
– Great Britain (Faster Payments) — fre
– EU (SEPA) — free
– USA (ACH) — free
– Аustralia (NPP) — free
SWIFT-transfers (international): from 10 to 20 USD (it depends on currency and a country)

Currency conversion (FX)

Currency exchange spread: from 0.2% to 0.6% of the interbank rate (depending od the volume and currency pair)

Example: If you exchange 10,000 USD to EUR, the fee will be around 20-60 USD, which is much lower than banks or PayPal.

Virtual multicurrency details

You get local accounts in:

- USD (США — ACH + Wire)
- EUR (ЕС — SEPA)
- GBP (Great Britain — Faster Payments)
- AUD (Australia — NPP)
- HKD (Hongkong)
- SGD, NZD, CAD etc — by request

Cost of opening a local account in another currency: free

WHY IT IS WORTH USING OUR PROFESSIONAL SUPPORT

Opening an account 2 times faster
Individual analysis of “high risk” cases

Communication directly with the manager, not through general support
Support at all stages

OUR TEAM

Yevhen Sarafanov

Owner and CEO LOCMAN ICS LTD

Ludmila Chilik

Corporate and tax lawyer (Europe, USA, East Asia, UAE)

✔Reboot your business with us