Subsidiaries often struggle to enter new markets, where opening new bank accounts can be lengthy and complex. Learn how Argentex helped a new UK subsidiary grow its business with our multi-currency account, offering quick onboarding and the ability to effectively manage all global funds through a single platform.
The problem: Navigating onboarding complexities as a newly incorporated UK business
Our client, a successful logistics company based in Dordrecht, the Netherlands, was struggling to open a UK bank account as a newly incorporated business. Lengthy processing times and cross-jurisdictional compliance checks meant that the company was unable to make or receive payments in GBP.
Argentex Group plc (LON:AGFX) is a leading provider of bespoke currency risk management and payments solutions for businesses and financial institutions