Opening a business account in SH Financial

SH Financial offers international business accounts with cross-border payments, transactional FX, IBANs, vIBANs, multi-currency wallets & VISA card issuance in one place.

Licensed by the Central Bank of Lithuania (EMI 78) & a VISA Principal Partner.

SH Financial's services include:

IBANs:

Localised IBANs & vIBANs issued from DK, LU, GB, DE, LT, PL

Simple & frictionless payments across global & regional borders:

SWIFT, SEPA

Transactional FX:

Real-time conversion with transparent, low fees.

Multi-currency wallets:

15 global currencies available & more coming soon

Why SH Financial?

Competitive pricing

01

Onboards from various jurisdictions

03

Crypto friendly

02

Submit Application Form

Proceed with Identity Verification process

Provide required set of Corporate Documentation

* Depends on clients well cooperation and documents are in order

Due Diligence process by compliance team, providing additional information if required

Receive a notice of the payment system account open

How long does it take?

Approximately 14 days*.

Required documents*:

Deed of Establishment/Incorporation document (not older than 3 months) – certified/apostille

Articles of Association/Memorandum – certified/apostille

Shareholders & Directors Register (not older than 3 months) – certified/apostille

Power of Attorney (when applicable) – certified/apostille

Signed and dated company structure chart

The latest annual (audited if required) financial statement of the company (when applicable)

Company's account bank statement if present (not older than 3 months)

Signed agreements with business partners + 2 invoices per each (when applicable)

Signed agreements with clients + 2 invoices per each (when applicable)

UBO(s), Director(s), Shareholder(s), Authorized signatory identity documents (valid passport or ID card)

Nominee and Trustee agreements (when applicable)

Proof of address (POA)** of authorized person(s), shareholders, and beneficial owner(s), not older than 3 months

Proof of website domain ownership (invoice) (when applicable)

*All documents provided must be in English.

** Acceptable forms of POA: water, gas, phone, internet, council tax

Company's utility bill (when applicable) - not older than 3 months

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Account Opening Fee

Free

€50.00

€500.00

€750.00

Account Monthly Fee

€5.00

€25.00

€100.00

€250.00

SEPA Incoming

Free

From 0.05%
Min €2.00

SEPA Outgoing

€0.50

€2.00

From 0.1%
Min €2.00

From 0.15%
Min €2.00

SWIFT Incoming

0.25%
Min €25.00

-

SWIFT Outgoing

0.25%
Min €25.00

-

FX (G10)

0.75%

Account Opening Fee

Free

€50.00

€500.00

€750.00

Account Monthly Fee

€5.00

€25.00

€100.00

€250.00

SEPA Incoming

Free

From 0.05%
Min €2.00

SEPA Outgoing

€0.50

€2.00

From 0.1%
Min €2.00

From 0.15%
Min €2.00

SWIFT Incoming

0.25%
Min €25.00

-

SWIFT Outgoing

0.25%
Min €25.00

-

FX (G10)

0.75%

NB8: Companies from conventional industries within the Nordic-Baltic 8.

EEA+: Companies from conventional industries based outside the NB8 within EEA, including the UK.

Max: Medium/high risk & regulated industries/or outside EEA

Crypto: Crypto & enhanced compliance requirements. Crypto exchanges supported.

Open account

Prohibited Jurisdictions

Afghanistan
Angola
Belarus
Bosnia-Herzgovina
Central African
Republic
Democratic Republic
of the Congo
Ethiopia
Guinea
Guinea-Bissau
Iran

Iraq
Lebanon
Liberia
Libya
Mali
Myanmar
Nicaragua
North Korea
Northern Cyprus
Russian Federation
Sahrawi Arab Democratic Republic

Somalia
Somaliland
South Ossetia
South Sudan
Sudan
Syria
Tunisia
Venezuela
Yemen
Zimbabwe

4 fegions of Lunansk, Donetsk, Crimea or any other occupied regions of Ukraine.

Prohibited business activities

Business loan services/providers
Counterfeit goods
Currency exchange operators
Financial brokers/brokerages.
Electronic Money Institutions (EMIs)
Investment funds/companies
Real estate investments
Peer-to-peer lending platforms
Adult content or pornography
Cash courier
Escort services
Illegal drugs/unauthorised prescription drugs
Political/religious organisations ar groups.
Shell/offshore banking
Binary options/CFDs & similar
Over-the-counter (OTC) investments
Gaming companies/machine operators
Corporate banking services
Crowdfunding platforms
ATM operators/providers
Piracy or illegal streaming
Hazardous chemicals/fuels
Cash intensive businesses, such as car services, nightclub, bars & other cash intensive businesses.

Foreign exchange/Forex brokers
Consumer credit & low-value loans
Credit & financial institutions
Payment institutions (PSP)
Dating services
Insurance companies
Mortgage credit & high-value asset backed services
Private banking/wealth management
Dual-use goods with military purpose
Arms & ammunitions trade/defense
Charity/fundraising organisations
Hawala-related activities (informal transfer of funds through Hawala)
Any cannatis/medical marijuana related businesses
Prostitution
Shell companies
Citizenship investment programs/investment residence
Gambling. Betting, bingo, lottery etc.
Casinos
Get rich quick schemes
Pyramid schemes/rmulti-level-marketing (MLM)
Activity/courier related to precious metals or gems/stones.

Contact us for further information and order:

Book a call

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