Three bank rejections — remediated to an open account

The client had formed a Free Zone General Trading entity through another agency, then spent four months failing to open a corporate account: three rejections and two banks that never responded. Then he engaged WTP.

Compliance review found three structural errors: a licence/activity mismatch (a General Trading licence over electronics, equipment, investment holding and asset management reads to a bank as a payment vehicle); no operational narrative (no customers, suppliers or pipeline); and incorporation before any bank pre-check, so the entity was already non-bankable.

We renegotiated the licence activities with the regulator down to what banks accept, wrote a business-model memorandum for compliance review, assembled source-of-wealth documentation, and produced letters of intent from counterparties to evidence a real commercial pipeline. The case was recovered after a first bank 'no' — rebuilt into a file a bank could actually approve.