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).

European banks

Country	Bank	Fees (bank rates are paid separately)	Time for setup	Comments
Latvia	Norvik Banka LPB Bank RIB Bank Rietumu Banka	from 500 euro	2-3 weeks	Any types of banking services: current accounts, payment cards. The accounts may be opened for companies of various jurisdictions except classical offshore companies. Without visiting the bank
Cyprus	Bank of Cyprus Hellenic Bank AstroBank (former Piraeus Bank)	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 (including offshores). Without visiting the bank • Offshore
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. USD
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. USD • Without visiting the bank
Poland	Various banks (Please contact our specialists for more details)	from 1900 euro	from 4 weeks	The documents must be translated into the official language of the Bank. Opening accounts for "classic" offshore companies is available. USD • Offshore
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 any jurisdictions, however an applicant company must have a tax identification number. USD • Offshore
The Czech Republic	Fio banka Banka CREDITAS ČSOB (Československá obchodní banka, a. s.)	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. Opening accounts for companies of 'classic' offshore jurisdictions is available.
Austria	Meinl Bank	from 1000 euro	4 weeks	Banks of high reliability with particular focus on medium and large sized businesses. The condition for opening an account is placement of investments from 100 000 EUR.
	LGT Bank	from 1500 euro
Liechtenstein	BENDURA BANK Alpinum Bank	from 1000 euro
Luxembourg
	Banque de Luxembourg	from 1500 euro
Montenegro	At request	from 1900 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. USD • Without visiting the bank • Offshore
Saint Lucia	Hermes Bank	from 500 $ from 700 $ for external clients	2-3 weeks	An offshore bank. Payroll card programs for corporate clients are available. Without visiting the bank • Offshore
Seychelles	Al Salam Bank		from 3 weeks	Accounts can be opened for companies of different jurisdictions, including offshores. Minimum balance requirements exist.

Banks in other jurisdictions

Belarus Georgia	At request	from 1900 euro	from 3 weeks	Each case requires a separate approval. A wide range of banking services for companies of various jurisdictions.
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	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. USD • Without visiting the bank • Offshore

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.

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.