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

LPB Bank
BIB bank
Other banks at request

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.
Austria LGT Bankfrom 1500 eurofrom 4 weeksBanks 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.
LiechtensteinBENDURA BANK
Alpinum Bank
from 1000 euro
LuxembourgBanque de Luxembourgfrom 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.
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.

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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