Document background
A Corporate Resolution To Open Bank Account is a mandatory document required by Swiss banks when establishing a banking relationship with a corporate entity. This formal resolution must comply with both Swiss banking regulations and corporate law requirements, demonstrating proper corporate authorization for banking activities. The document is necessary whenever a company wishes to open a new bank account in Switzerland, modify signing authorities, or establish additional banking services. It typically includes details about the company, the specific banking powers being granted, authorized signatories and their limits, and must be properly authenticated according to Swiss legal requirements. The resolution serves as proof to the bank that the company has properly authorized specific individuals to act on its behalf in banking matters, which is particularly important given Switzerland's strict banking regulations and corporate governance requirements.
