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).
European banks
| Country | Bank | Fees (bank rates are paid separately) | Time for setup | Comments |
|---|---|---|---|---|
| Latvia | from 500 euro | 2-3 weeks | Any types of banking services: current accounts, payment cards. Accounts may be opened for companies of various jurisdictions. A company must meet certain “substance” requirements in the country of incorporation. | |
| Cyprus |
Bank of Cyprus Hellenic Bank Other banks at request |
from 600 euro from 800 euro for external clients Free of charge in case of an order a Cyprus company |
from 4 weeks | Various types of accounts for companies registered in different jurisdictions. A company must meet certain “substance” requirements in the country of incorporation. |
| Lithuania | Medicinos Bankas |
from 600 euro from 800 euro for external clients |
2-3 weeks | Accounts may be opened for companies from various jurisdictions except “classic” offshore companies. Personal visit to the office of Lithuanian bank is required. |
| Switzerland | C.I.M. Bank | from 700 euro | 4 weeks | A wide range of banking services. Accounts may be opened for companies of various jurisdictions except “classic” offshore. |
| Serbia | At request | from 2000 euro | from 4 weeks |
A personal visit of the account holder to the Bank office is required. Accounts may be opened for companies of various jurisdictions. Transactions in US dollars are available.
|
| Poland | At request | from 1900 euro | from 4 weeks | The documents must be translated into the official language of the Bank. Opening accounts for companies from various jurisdictions is available. |
| Hungary | MKB Bank | from 1900 euro | from 4 weeks | A personal visit of the account holder to the Bank office is required. Accounts may be opened for companies of various jurisdictions, however an applicant company must have a tax identification number. |
| The Czech Republic |
At request |
from 2000 euro | 1-5 weeks depending on bank | The documents must be translated into the official language of the Bank. A personal visit of the account holder to the Bank office is required. |
| Andorra | At request | from 1900 euro | from 4 weeks | Banks of high reliability with particular focus on medium and large sized businesses. Current and saving accounts (for offshore companies as well) are available. The condition for opening an account is placement of investments from 100 000 EUR. |
| Austria | LGT Bank | from 1900 euro | ||
| Liechtenstein | BENDURA BANK Alpinum Bank |
from 1900 euro | ||
| Luxembourg | Upon request | from 1900 euro | ||
| Montenegro | At request | from 1900 Euro | from 4 weeks | A personal visit of the account holder to the Bank office is required. Accounts may be opened for companies of various jurisdictions except “classic” offshore. It is advisable to avoid nominee services, offshore nominee services are not acceptable. Transactions in US dollars are available. The insurance payment guaranteed for deposit is 50 000 Euro. |
Offshore banks
| Mauritius |
Bank One Limited AfrAsia Bank Limited |
from 1500 $ | from 3 weeks | Accounts may be opened for companies of various jurisdictions including offshore. Transactions in US dollars are available. |
|---|---|---|---|---|
| Seychelles | Al Salam Bank |
from 1500 $ prepayment of 20% |
from 3 weeks | Accounts can be opened for companies of different jurisdictions, including offshores. Minimum balance requirements exist. |
| Saint Lucia | Hermes Bank |
from 500 $ from 700 $ for external clients |
2-3 weeks | A popular offshore bank with wide range of banking services. |
Banks in other jurisdictions
| USA | At request |
from 1500 $ prepayment of 20% |
from 3 weeks | Accounts can be opened for companies registered in different jurisdictions, including offshores. There are no minimum balance requirements. |
|---|---|---|---|---|
| Russia | At request | from 1200 euro | from 3 weeks | Each case requires a separate approval. A wide range of banking services for companies of various jurisdictions. |
| Belarus | At request | from 1900 euro | from 3 weeks | |
| Georgia | At request | from 1900 euro | from 3 weeks | |
| Armenia | At request |
from 2500 euro prepayment 50% |
from 4 weeks | A personal meeting of the account holder and beneficiary with the Bank representative is required. Accounts may be opened for companies of various jurisdictions including offshore. Transactions in US dollars are available. |
| Hong Kong |
HSBC Bank |
from 1000 $ | 3-5 weeks | A company’s representative, directors and shareholders must meet the Bank manager personally. The communication should be in English; services of an interpreter are unacceptable. A bank account will not be opened if the communication with the bank manager in English is impossible. A company must have a real office in Hong Kong. |
| Singapore | At request |
from 6000 euro (by agreement) |
3-5 weeks | Opening of bank accounts for ‘classic’ offshore companies is available. A company’s structure requires a director and a shareholder resident in Singapore. |
Payment systems
| Various jurisdictions | At client’s option or upon our recommendation |
from 500 euro from EUR 700 for external clients |
from 1 week | Payment services are provided by licensed companies (non-banking financial institutions) that provide their clients with the opportunity to effect both domestic and international money transfers through their own Internet platform. |
|---|---|---|---|---|
| Special offers from payment services | Click the link | at no cost | from a few days | International payment services which support numerous currency routes around the world, including GBP, USD, EUR, AUD and CAD, and provide multi-currency accounts. Private and corporate accounts are available. |
General
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.
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