Bank account opening for foreigners and bank requirements
- Paperwork, visas and the investor's life
- Opening a bank account
- Audited
According to the ICS 2024, foreigners can normally open an account by presenting a passport and a utility bill or other proof of residence, although requirements vary from bank to bank. The Free Foreign Exchange Negotiation Act allows banks to offer foreign-currency accounts, in practice mostly in US$. The specific KYC policies of Banco Industrial, Banrural, G&T Continental, BAM and Promerica for non-resident shareholders are not public; corporate-banking contacts and their checklists remain to be recorded.
The research is written in English; quoted figures, source names and the titles of legal instruments stay in the language their source published them in.
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