FOREIGN BANK ACCOUNTS
Our company offers services for opening of corporate (foreign companies, offshores) and personal accounts at different foreign banks. The banks provide means for setup of various types of bank accounts that can be divided into payment and savings accounts.
The payment accounts are used for daily operations and convenient for a large number of transactions. The savings accounts are suited to keeping short-term or long-term assets: deposits, investment accounts (private banking).
| SPECIAL OFFERS:
We do not charge you for setup of a corporate account at a Cyprus bank if you order a Cyprus company.
|Country||Bank||Fees (bank rates are paid separately)||Time for setup||Comments|
Latvijas Pasta Banka
|300 euro||7-10 days||Latvian banks remain to be the most popular ones for the clients to arrange international banking: current accounts, payment cards, all types of bank services.
The accounts can be established for companies of different jurisdictions, including offshores. Opportunity for internet trading, work on Forex and global stock markets.
Bank of Cyprus
|Free of charge (on promo)
|2-3 weeks||Various types of accounts for companies registered in different jurisdictions (including offshores).|
||500 euro||7-10 days||The bank does not approve opening accounts for companies registered in classical offshore jurisdictions. Each case is considered individually.|
|Switzerland||C.I.M. Bank||700 euro||3 weeks||Banks of high reliability with particular focus on medium and large sized businesses.|
|Austria||Meinl Bank||700 euro|
|Luxembourg||ABLV Bank Luxembourg S.A.
|Banque de Luxembourg
|The Czech Republic|| Česká spořitelna a.s.
ČSOB (Československá obchodní banka, a. s.)
Fio banka, a.s.
|2000 euro||1-5 weeks depending on bank||All documents provided to the bank must be translated into Czech, all costs for translation, courier dispatch, issue of cards, opening of accounts in more than one currency are paid separately.|
|Seychelles||Al Salam Bank||500 $||2-3 weeks||Accounts can be opened for companies of different jurisdictions, including offshores. Minimum balance requirements exist.|
|Saint Lucia||Hermes Bank||500 $||1-2 days||An offshore bank. Payroll card programs are available.|
|Saint Vincent and the Grenadines||Loyal Bank
||500 $||2-3 weeks||An offshore bank. A bank reference and brief business plan are required. Payroll card programs are available.
|Mauritius||ABC Banking Corporation||500 $||1-2 days||The Bank does not open accounts for companies where directors, shareholders, beneficiaries, authorized persons are citizens of Russia, Ukraine, Belarus, the USA, countries against which international sanctions are in force (Iran, Syria, DPRK, etc).|
Banks in other jurisdictions
|Georgia||Bank of Georgia||500 euro||7-10 days||Various types of accounts for companies registered in different jurisdictions (including offshores).|
|Hong Kong||HSBC Bank
||1000 $||3-5 weeks||For companies ordered with us.
Personal visit of a representative, directors and shareholders of the company is required. Business plan of the company and business proof is necessary. Personal meeting with a bank manager and interview in English is required, services of an interpreter is not acceptable. A bank account will not be opened if the interview in English with the bank manager is impossible.
|Singapore||At request||3000 $||3-5 weeks||The authorized person is required to visit the bank. Requirements for initial deposit, average monthly balance.|
|UAE||At request||2000 $||3-5 weeks||Only for companies ordered with us..
Representatives, directors and shareholders are required to visit the bank personally. There can be requirements for initial deposit, average monthly balance.
Account opening: foreign banks will conduct due diligence and Know Your Client. In this regard, all banks require identifying actual (beneficial) owner of the company, and description of the business. If client fails to comply with such conditions, the bank will not accept this client.
All banks allow card accounts, management of the account via fax or the Internet, and other standard bank services. For more detailed information on bank accounts, required documents and procedure of opening, please contact our experts.