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 |
PNB Banka
(former Norvik Banka) LPB BankRIB 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
|
| 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 including offshore. Transactions in US dollars are available.
|
| 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 |
LGT Bank |
from 1500 euro | from 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.
|
| Liechtenstein |
BENDURA BANK Alpinum Bank |
from 1000 euro | ||
| Luxembourg | ||||
|
Banque de Luxembourg |
from 1500 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. USD • Without visiting the bank • Offshore |
|---|---|---|---|---|
| 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. 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 |
| 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. Transactions in US dollars are available. Russian-speaking service • USD • Without visiting the bank • Offshore |
Banks in other jurisdictions
| 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. USD • Without visiting the bank • Offshore |
|---|---|---|---|---|
| Belarus | At request | from 1900 euro | from 3 weeks | |
| Georgia | At request | from 1900 euro | from 3 weeks | |
| Armenia | At request | from 1900 euro | 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. 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.
