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.

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