Liechtenstein is one of the most reputable financial centers in Europe and in the world which is why there are numerous bank and financial companies offering a wide range of services tailored to the needs of the investors.
Foreign entrepreneurs and companies can also set up various types of bank accounts in Liechtenstein, among which:
- – current bank accounts;
- – corporate bank accounts;
- – offshore bank accounts;
- – merchant bank accounts.
Merchant accounts have become a necessity in Liechtenstein as the online environment has developed quite a lot during the last several years. Our company formation agents in Liechtenstein can assist foreign investors interested in starting a bank account in the Principality.
Merchant bank accounts in Liechtenstein
The merchant account is available for all types of companies in Liechtenstein, but most of all, it is vital for online businesses as it enables them to accept and process payments.
A merchant account can be defined as a bank account opened after the company requesting the service and the company or bank offering the service sign an agreement. Based on this agreement the bank or the intermediary company processing the payments made through the merchant account will offer the necessary equipment or software to the Liechtenstein company opening the account.
Liechtenstein has recently adhered to EU regulations which provide for secure internet payment services. Our company registration consultants in Liechtenstein can offer more information on these regulations.
How to set up a merchant account in Liechtenstein
The first step to open a merchant account in Liechtenstein is to choose a bank or financial company offering this type of service. Following that, the applicant will file various documents with the service provider. Among the documents required to set up the Liechtenstein merchant account, the company’s business certificate and specific application forms are usually requested.
If the Liechtenstein company plans on offering different payment methods, opening different merchant bank accounts could be necessary.
For assistance in setting up a merchant account in Liechtenstein, please contact us. We can also help if you want to open a company in Liechtenstein.