A.R.T. Business Group offers assistance in opening bank accounts at the First International Bank of Israel (FIBI) for companies incorporated outside of Israel. Within the offered services our company provides competent preparation of documents required for consideration of your account opening application by the bank, accompaniment in the process, as well as co-ordination of actions of the bank and the client on all arising matters.

To open an account, one needs to provide documents according to the bank's checklist. On the first step of account opening procedure we compare the documents with the list and clarify all additional information. The bank receives scanned copies of the documents for preliminary review and acquaintance with the company's business. Further, on the step of consideration of documents, we contact lawyers of the bank and formulate answers to their questions basing on the client’s information and according to the bank’s requirements. Herewith, our intention is to get a preliminary approval before the client visits to the bank. Please bear in mind that, under the banking legislation of Israel, the bank requires a personal interview with a client, whether in the bank’s office in Israel or in one of its branches overseas. We assist to arrange a visit and accompany the client to the bank.

Israeli banks approach the business account opening procedure rather seriously and thoroughly. Laws and regulation require banks to have a complete understanding of their customers’ business. Moreover, in light of ratification of the Act on the Prohibition of Money Laundering, the banks have increased control over transactions of their customers. Conservatism of the Israeli bankers provides a high degree of their reliability. A.R.T. Business Consulting does not guarantee a positive decision of the bank. At the same time, we do our best to open an account for each client.