Questions and Answers
Registration of companies
Is it possible to open a company without an account?
Yes, it is possible — but in 99% of cases, such companies are of no practical use. We offer our clients a comprehensive service that includes both company registration and the opening of a bank account or payment system account.
Do you open accounts for existing companies?
It is possible, but opening an account for an already registered company is more difficult than for a new one. We often receive such requests from clients who previously worked with unscrupulous lawyers that registered companies without considering whether an account could be opened for them.
What should I do if you do not provide the service I need?
Why are your prices higher than similar companies?
In fact, our prices are aligned with the market average. According to our research, it is common practice in the industry to advertise prices solely for company incorporation, while additional expenses—such as government fees, document certification, and similar costs—are only revealed during the registration or account opening process. This often becomes an unpleasant surprise for the client, who has little choice once the process is underway.
We follow a different philosophy: we provide an all-inclusive, turnkey service where all potential costs are built into the quoted price. This allows you to make a well-informed decision and clearly understand how beneficial the investment in this asset will be for your specific case
What do I need to provide in order to open a bank account, register a company abroad, or obtain a residence permit?
The specialists at ICG-Club will take care of most of the formalities for you.
We work directly with government authorities and banks, compile a list of required documents and conditions, and monitor the process to ensure everything goes according to plan.
Your involvement will be minimal — for example, video identification may be required when opening a bank account.
If your physical presence is needed for company incorporation, residence permit processing, or account opening, we will inform you well in advance.
Help with real estate
In which countries can you open companies and bank accounts?
We work with all major global business regions: Europe, the Americas, Asia, and the Middle East.
How long does it take to register a company?
If everything is done on time, the required documents are provided immediately, and any additional questions from the registrar are answered promptly — it is quite possible to complete the process within a few days. Of course, adjustments should be made for the specific features of each jurisdiction. However, overall, company registration — if handled by a reliable service provider — tends to be a fairly quick process.
"How long does it take to open a bank account?
his process is more complex than company registration: modern banks are required to carefully vet their clients, requesting a large volume of documents, confirmations, and clarifications. That’s why you should allow at least a month for opening a bank account.
Can you open an account with a payment service provider?
Absolutely — this is one of our core areas of expertise. We have established partnerships with many major financial institutions, including leading payment service providers.
What is the difference between a payment service provider (PSP) account and a traditional bank account?
Opening a bank account is generally more complex and time-consuming. Banks are subject to strict compliance requirements and conduct thorough due diligence, which often involves extensive documentation and a lengthy approval process.
Payment service providers, on the other hand, follow simpler KYC procedures and can open accounts much faster. However, it’s important to note that PSP accounts are not intended for storing funds long-term. These are operational tools designed primarily for small and medium-sized businesses.
PSP accounts are especially beneficial for international businesses, as they usually offer competitive conditions for handling multiple currencies and cross-border payments.
In short:
A PSP account is a fast and convenient solution for receiving payments and covering most needs of a small business. But as your business grows, you will eventually need to open a traditional bank account, as PSPs are not suitable for holding large working capital balances.
Can you assist with cryptocurrency-related solutions?
We stay up to date with current business trends and offer our clients tailored solutions for working with cryptocurrencies — including company formation in the Czech Republic and the United Arab Emirates.
We also provide several options for opening accounts suitable for this type of activity.
In any case, we can develop a custom solution tailored to your specific needs, so feel free to contact us.