Porat law firm, is an innovative, energetic, growing and fresh thinking law firm based in Tel Aviv, Israel.
Porat Group, an international business group with a significant global presence in many key jurisdictions as well as a large worldwide network of partners…
Some business owners think that setting up and managing an international business is challenging enough, however those in the know understand that setting up the proper financial infrastructure around the business can be just as challenging.
Partner and Head of Corporate Services
Most banks only work with local businesses and are not suited for those who need a bank account in a country where they do not necessarily reside permanently, and there are also many banks which do not open accounts for certain types of businesses.
On top of this, there are so many different banks to choose from worldwide, that, even if they are willing to help you, finding which bank is best suited for your business bank account can be a complex and overwhelming process. This is where Porat Group’s international banking and payments consulting services come in.
International Banking
We can help you by:
We have been helping companies of all sizes with these type of international banking issues, and as a result, we have an unmatched network of banks that we know and trust today. We can also give you recommendations regarding which services the bank should provide you (besides a business banking account) so you are able to efficiently manage your account from any place in the world (we only work with banks that provide Internet banking on top of your online business bank account, as well as international credit cards and so on).
Since we do not believe that all clients are best suited for the same banks, we will also advise you on which banks are best suited to your specific needs. Therefore, we will consider your particular circumstances and demands, before providing you several alternatives to choose from.
We have established relationships with banks based in many different jurisdictions (all politically and financially stable) so that our clients have ample alternatives to choose from. Several banks in our network work with no other firms similar to the Porat Group, however, if you are pursuing a more traditional route, we also work with several of the most known banks in the world.
Most banks only work with local businesses and are not suited for those who need a bank account in a country where they do not necessarily reside permanently, and there are also many banks which do not open accounts for certain types of businesses.
On top of this, there are so many different banks to choose from worldwide, that, even if they are willing to help you, finding which bank is best suited for your business bank account can be a complex and overwhelming process. This is where Porat Group’s international banking and payments consulting services come in.
International Banking
We can help you by:
We have been helping companies of all sizes with these type of international banking issues, and as a result, we have an unmatched network of banks that we know and trust today. We can also give you recommendations regarding which services the bank should provide you (besides a business banking account) so you are able to efficiently manage your account from any place in the world (we only work with banks that provide Internet banking on top of your online business bank account, as well as international credit cards and so on).
Since we do not believe that all clients are best suited for the same banks, we will also advise you on which banks are best suited to your specific needs. Therefore, we will consider your particular circumstances and demands, before providing you several alternatives to choose from.
We have established relationships with banks based in many different jurisdictions (all politically and financially stable) so that our clients have ample alternatives to choose from. Several banks in our network work with no other firms similar to the Porat Group, however, if you are pursuing a more traditional route, we also work with several of the most known banks in the world.
Some business owners think that setting up and managing an international business is challenging enough, however those in the know understand that setting up the proper financial infrastructure around the business can be just as challenging.
Payment processors or payment service provides (PSP’s) can enable many types of businesses, many of them online businesses, to receive payments in various forms from their users and clients in a more convenient way. Setting up a vast range of payment methods for your online based business can be very challenging, but a cooperation with a payment processor will streamline the process significantly.
Modern payment processors are impressively fast and safe and easy to work with, but establishing a cooperation with a payment processor as a small business is not always as easy.
Online based companies of all kinds can therefore benefit from the introductory services to some of the leading payment processing companies in the world that we can offer. Coming through us, companies can often negotiate better terms and conditions and get access to payment processors that would otherwise be unavailable to them.
Additionally, our law firm has experience in setting up and regulating payment processing operations, for companies that wish to become payment processors themselves. We can assist with everything from company incorporation for these purposes, obtaining all licenses and permits needed, contracts, employment issues, and more.
While we excel at advising and setting up cutting edge electronic financial services businesses, we are perfectly able to lead you through the setting up, licensing and ongoing operation of more traditional money services businesses such as money exchange and remittance.
We provide regulatory compliance counseling, consumer protection counseling, and business transaction assistance regarding a wide range of payments matters related to emerging and traditional payment systems, services and products.
We have substantial experience in working with financial and money services and transmissions laws in a multitude of jurisdictions. We have helped a number of clients to navigate the processes of licensing and compliance with nuanced regulation. We have an especially strong practice advising companies who have developed new and complicated financial services technologies, such as blockchain solutions, marketplace payment processing and virtual currency exchanges, navigate the complicated web of financial services rules and regulations.
We provide a comprehensive assistance with all the documentation needed in order to get started and have your new corporate bank account up and running as fast as possible, including documents that need to be verified/certified by a lawyer or a notary – a common demand for business banking accounts (what documentation and which foreign bank account form is needed depends on the bank you choose, as well as the jurisdiction the bank is located in).
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