| Bank |
Country |
Fee charged for the opening of accounts |
Details |
|
Latvia |
500 EUR |
Rietumu BankRietumu Bank combines all the characteristics that a modern bank should have: it is fast, cheap, reliable and has well operating bank card and Internet banking systems. As one of the biggest private banks in Latvia it remained unaffected by the crises it survived over the 20 years of its existence. We offer this bank to anybody who makes bank transactions daily and to whom low transaction costs are important. |
RIETUMU BANK
Main information on the bank
|
|---|
| Country of registration, number of branches: |
The bank is domiciled in Latvia. The bank has representative offices in Moscow, Paris, Kiev, Minsk, Almaty, Bucharest, Yerevan and partner banks in St. Petersburg, Yekaterinburg, Baku, Dnepropetrovsk, Shanghai. |
| Year of foundation: |
1992 |
| Main shareholders: |
Private individuals |
| SWIFT code: |
RTMBLV2X |
| Information on the opening of accounts, main features of accounts |
|---|
| Type of account: |
Current account (corporate and individual) |
| Documents required for the opening of accounts: |
Corporate accounts: certified copies of the incorporation documents of the company, certified copies of passports of directors, signatories and beneficiaries, bank reference letters and proof of residential address of directors, beneficiaries and signatories. For companies more than 1 year old a Certificate of Good Standing is required.
Individual accounts: bank reference letter, certified copy of passport, proof of residential address. |
| Time required for the opening of accounts: |
2-3 weeks, provided all the information and documents requested are available. The account will be activated immediately upon receipt of the first incoming payment. |
| Restrictions on the opening of accounts: |
No restrictions |
| Personal appearance of signatories required: |
In the Laveco office |
| Minimum balance required in the account: |
No minimum required |
| Methods of making payments : |
Through Internet, by fax, by telephone, personally |
| Internet banking: |
Available. |
| Credit / debit card types and possibilities: |
VISA/MasterCard (Classic, Business, Gold, Platinum, World Signia) |
| Deposit required in card accounts: |
Classic: 250 EUR, Business: 250 EUR, Gold: 450 EUR, Platinum: 750 EUR, World Signia: 30 000 EUR. |
| Fee charged by the bank for the opening of accounts: |
250 EUR |
| Account maintenance fee: |
1st year - free of charge, starting from the 2nd year - 20 EUR/month (if the monthly turnover is above 50 000 EUR – free of charge) |
| Basic charges imposed by the bank |
|---|
| Charge for incoming transfers: |
No charge for incoming transfers |
| Charge for outgoing transfers: |
EUR: Inside the Eurozone: 20 EUR (Economy), 30 EUR (Standard), 50 EUR (Express). Outside the Eurozone: 25 EUR (Economy), 30 EUR (Standard), 60 EUR (Express).*
USD: 50 USD (Economy), 60 USD (Standard), 85 USD (Express).*
* Economy – transfer is complete the next day after the order is made, Standard – the same day, Express – in 1 hour. |
| Charge for cash withdrawals: |
In Latvia – 1% (min. 1 LVL/3 USD/2 EUR/2 GBP)
Other countries – 2% (min. 2 LVL/5 USD/3 EUR/3 GBP) |
| Charge for cash deposits: |
EUR/USD – free of charge
Other currencies - 0.5 %, min 5 EUR |
| The conditions imposed by the banks regarding the opening of accounts may change from time to time. Therefore, we recommend consultation with the staff of LAVECO LTD., who will be able to provide up-to-date information, before making a final decision on the choice of bank. |
| Fee charged by LAVECO LTD. for the opening of accounts in Rietumu Bank: 500 EUR |
|---|
|
|
Tanzania |
600 EUR |
FBME BankThe FBME is unique among the banking partners of LAVECO, as it is the only one which is able to offer the possibility to open accounts both within and outside the EU. They offer the opening of accounts in Cyprus and Tanzania, with the same client identification process in both cases. The number of clients from many different countries has been growing year by year since the establishment of the FBME in 1983. We particularly recommend this bank to clients for whom the possibility of paying by bank card or using them to withdraw cash is important. This is one of the bank’s strengths in comparison with other financial institutions. |
FBME Bank
Main information on the bank
|
|---|
| Country of registration, number of branches: |
Cyprus and Tanzania. The bank has a representative office in Moscow and a sister bank in Lebanon. |
| Year of foundation: |
1982 |
| Main shareholders: |
Private individuals |
| SWIFT code: |
FBMETZTZXXX |
| Information on the opening of accounts, main features of accounts |
|---|
| Type of account: |
Current account (corporate and individual) |
| Documents required for the opening of accounts: |
Corporate accounts: certified copies of the incorporation documents of the company, certified copies of passports of directors, signatories and beneficiaries, bank reference letters and proof of residential address of directors, beneficiaries and signatories. For companies more than 1 year old a Certificate of Good Standing is required.
Individual accounts: bank reference letter, certified copy of passport, proof of residential address. |
| Time required for the opening of accounts: |
One week, provided all the information and documents requested are available. The account will be activated immediately upon receipt of the first incoming payment. |
| Restrictions on the opening of accounts: |
No restrictions |
| Personal appearance of signatories required: |
Not required |
| Minimum balance required in the account: |
No minimum required |
| Methods of making payments : |
Through Internet, by fax, by post, personally |
| Internet banking: |
Available. Charges: 5 USD/month |
| Credit / debit card types and possibilities: |
VISA (Gold Card), MasterCard (Standard and Gold), Debit/Pre-paid cards: KeyCard (Cirrus) and Global Card (Maestro and Cirrus) |
| Deposit required in card accounts: |
For VISA Card and MasterCard the double of the credit limit is required. |
| Fee charged by the bank for the opening of accounts: |
Free of charge |
| Account maintenance fee: |
23 USD per quarter |
| Basic charges imposed by the bank |
|---|
| Charge for incoming transfers: |
10 USD |
| Charge for outgoing transfers: |
0.1%, min. 8 USD – max. 83 USD, plus payment for SWIFT : min. 13 USD. |
| Charge for cash withdrawals: |
0.8%, min. 13 USD |
| Charge for cash deposits: |
0.5%, min. 13 USD |
| The conditions imposed by the banks regarding the opening of accounts may change from time to time. Therefore, we recommend consultation with the staff of LAVECO LTD., who will be able to provide up-to-date information, before making a final decision on the choice of bank. |
Fee charged by LAVECO LTD. for the opening of accounts in FBME Bank: 600 EUR
Fee for arrangement of bank cards: 200 EUR (up to 4 cards) |
|---|
|
|
Cyprus |
750 EUR |
Hellenic BankRelatively unknown bank, despite the fact that it is one of the most successful and stable in Cyprus. Very few people are aware that one of the main shareholders is the Cypriot Orthodox Church. As part of company policy, they do not wish to become a “multinational bank”, preferring to remain as a regional “boutique bank”. This can be felt in the everyday operations, and as a result they have retained the personal relationship with clients. The bank has an excellent Internet banking programme, offers a wide range of bank cards and are very flexible and open when it comes to innovation. We strongly recommend this bank for clients wishing to carry out trading transactions on a daily basis. |
Hellenic Bank
Main information on the bank
|
|---|
| Country of registration, number of branches: |
The bank is domiciled in Cyprus, with 80 branches in Cyprus and 25 branches in Greece. The bank has representative offices in South Africa, Moscow, Saint Petersburg and Kiev. |
| Year of foundation: |
1976 |
| Credit rating: |
Moody’s: Long term: Baa2, Short term: P-2 |
| Main shareholders: |
Public Company, 14% is owned by Archbishopric of Cyprus |
| SWIFT code: |
HEBACY2N |
| Information on the opening of accounts, main features of accounts |
|---|
| Type of account: |
Current and deposit accounts (corporate and individual) |
| Documents required for the opening of accounts: |
Corporate accounts: certified copies of the incorporation documents, passport copies of the directorcertified copies of the incorporation documents of the company, passport copies, proof of address and bank reference letters for the directors, signatories and beneficiaries. For companies more than 1 year old a Certificate of Good Standing is required.
Individual accounts: bank references, passport copies and certified signatures of the persons managing the account. Proof of residential address. |
| Time required for the opening of accounts: |
One week, provided all the information and documents requested are available. The account will be activated immediately upon receipt of the first incoming payment. |
| Restrictions on the opening of accounts: |
No restrictions |
| Personal appearance of signatories required: |
Not required |
| Minimum balance required in the account: |
No minimum required |
| Methods of making payments : |
Internet banking, telefax, by fax bearing Test Codes (Use of Test Keys), by mail, personally at the bank |
| Internet banking: |
Available - free of charge. A Digipass device is mandatory as a means to additional security. Charge for Digipass: 10 EUR. |
| Credit / debit card types and possibilities: |
VISA and Mastercard (WorldSignia, Platinum, Gold, Classic, Electron and Prepaid P-card) |
| Deposit required in card accounts: |
Credit cards: deposit is equal to the limit. |
| Fee charged by the bank for the opening of accounts: |
Free of charge |
| Account maintenance fee: |
Corporate Customers: 50 EUR per quarter
Individual Customers: 25 EUR per quarter |
| Basic charges imposed by the bank |
|---|
| Charge for incoming transfers: |
EUR: Within EU: up to 1000 EUR - free of charge; from 1001 to 50 000 EUR - min 5 EUR, max 15 EUR; over 50 001 EUR - flat 40 EUR
Outside EU: up to 1000 EUR - free of charge; from 1001 to 50 000 EUR - flat 20 EUR; over 50 001 EUR - flat 40 EUR |
| Charge for outgoing transfers: |
EUR: Within EU up to 50,000 EUR - SEPA: 0.15%, min. 2 EUR - max. 5 EUR; SWIFT: 0.15%, min. 5 EUR - max. 12 EUR. If the sender of SWIFT bears all charges: 0.1%, min 10 EUR – max. 70 EUR; If same day value: 0,05%, min. 15 EUR - max. 50 EUR
Outside EU or within EU over 50,000 EUR: Handling fee 0.1%, min 10 EUR - max. 250 EUR. If the sender bears all charges: 0.1%, min. 10 EUR - max. 70 EUR; If same day value: 0,05%, min. 15 EUR - max. 50 EUR |
| Charge for cash withdrawals: |
EUR – free of charge |
| Charge for cash deposits: |
EUR – free of charge |
| The conditions imposed by the banks regarding the opening of accounts may change from time to time. Therefore, we recommend consultation with the staff of LAVECO LTD., who will be able to provide up-to-date information, before making a final decision on the choice of bank |
Fee charged by LAVECO LTD. for the opening of accounts in Hellenic Bank: 750 EUR
Fee for arrangement of bank cards: 200 EUR (up to 4 cards) |
|---|
|
|
Liechtenstein |
850 EUR |
Valartis BankAlthough their services are not cheap, our clients like Valartis Bank. Although the bank specialises primarily in private banking services, they are flexible when it comes to current account business, meaning there is no obstacle to daily banking transactions. The personal relationship developed with the client is excellent, so we have no hesitation in recommending Valartis Bank to those seeking a reliable banking partner in Liechtenstein. |
| Valartis Bank |
|---|
| Main information on the bank |
|---|
| Country of registration: |
Gamprin-Bendern, Liechtenstein.
|
| Year of foundation: |
1998 |
| Credit rating: |
Aa1 |
| Main shareholders: |
VALARTIS Group |
| SWIFT code: |
HYIBLI22 |
| Information on the opening of accounts, main features of accounts |
|---|
| Type of account: |
Current, savings and investment accounts (corporate and individual) |
| Documents required for the opening of accounts: |
Corporate account: originals of the incorporation documents of the company, passport copies of the directors, beneficial owners and persons managing the account, curriculum vitae for the persons managing the account, business plan. For companies more than 1 year old a Certificate of Good Standing is required.
Individual account: passport copies, certified signatures and curriculum vitae for the persons managing the account |
| Time required for the opening of accounts: |
1 week. The bank only provides an account number after the initial deposit appears on the account. |
| Restrictions on the opening of accounts: |
No restrictions. |
| Personal appearance of signatories required: |
In the Laveco office |
| Minimum balance required in the account: |
5 000 EUR/USD/CHF to be maintained at all times |
| Methods of making payments : |
Telephone, fax |
| Internet banking: |
Available. Charge: 500 CHF/year |
| Credit / debit card types and possibilities: |
Prepaid Visa CornerCard and Swiss Banker Card in EUR, USD, CHF |
| Deposit required in card accounts: |
Credit Cards require a security deposit of 110% of the credit card limit, min. EUR/USD/CHF 22000. Debit Cards do not require a security deposit |
| Fee charged by the bank for the opening of accounts: |
500 CHF |
| Account maintenance fee: |
500 CHF/year, waived for investment accounts |
| Basic charges imposed by the bank |
|---|
| Charge for incoming transfers: |
For current accounts 0.125%,
minimum 125 CHF and maximum 1250 CHF |
| Charge for outgoing transfers: |
For current accounts 0.125%, minimum 125 CHF and maximum 1250 CHF. In case of capital movements only (non-material transactions) the bank reserves the right to charge 0.125% without maximum. |
| Charge for cash withdrawals: |
In EUR, USD, GBP and CHF: 1% In other currencies: 2.5% |
| Charge for cash deposits: |
In EUR, USD, GBP and CHF: 1% In other currencies: 2.5% |
|
The conditions imposed by the banks regarding the opening of accounts may change from time to time. Therefore, we recommend consultation with the staff of LAVECO LTD., who will be able to provide up-to-date information, before making a final decision on the choice of bank
|
| Fee charged by LAVECO LTD. for the opening of accounts in Valartis Bank: 850 EUR Fee for arrangement of bank cards: 200 EUR (up to 4 cards) |
|---|
|
|
Liechtenstein |
850 EUR |
VolksbankClients with some knowledge of the banking world will instantly recognise the well-known Volksbank brand. If we add to this the precision and customer service associated with Liechtenstein together with the advantageous transaction charges, then it is easy to see why this bank is enjoying more and more popularity among our clients. |
| Volksbank |
|---|
| Main information on the bank |
|---|
| Country of registration: |
Schaan, Liechtenstein |
| Year of foundation: |
1997 |
| Credit rating: |
A (Fitch Rating) |
| Main shareholders: |
Volksbank Vorarlberg |
| SWIFT code: |
VOAGLI22 |
| Information on the opening of accounts, main features of accounts |
|---|
| Type of account: |
Current, savings and investment accounts (corporate and individual) |
| Documents required for the opening of accounts: |
Corporate account: originals of the incorporation documents of the company, certified passport copies of the directors, beneficial owners and persons managing the account.
Individual account: certified passport copies |
| Time required for the opening of accounts: |
2 weeks |
| Restrictions on the opening of accounts: |
The bank does not open account for US resident persons and companies |
| Personal appearance of signatories required: |
Not required |
| Minimum balance required in the account: |
100 000 EUR to be deposited when opening an account
|
| Methods of making payments: |
E-banking, Fax, Mail - usually with signature |
| Internet banking: |
E-Banking token issue charge 150 CHF only in the first year |
| Credit / debit card types and possibilities: |
Visa / MasterCard / Travel Cash Card |
| Deposit required in card accounts: |
Credit Cards require a deposit of the double of the limit.
Travel Cash Card - no deposit |
| Fee charged by the bank for the opening of accounts: |
free of charge |
| Account maintenance fee: |
10 CHF/month |
| Basic charges imposed by the bank |
|---|
| Charge for incoming transfers: |
no charge for incoming transfers
|
| Charge for outgoing transfers (min, max): |
To EU countries 5 CHF per transaction
To foreign country 10 CHF per transaction plus charge of 0.5% (max.300 CHF) |
| Charge for cash withdrawals: |
In CHF: free of charge; in EUR from 3.000 EUR - 0.25%; in other foreign currencies - 0.50% |
| Charge for cash deposits: |
In CHF: free of charge; in EUR from 3.000 EUR - 0.25%; in other foreign currencies - 0.50% |
|
The conditions imposed by the banks regarding the opening of accounts may change from time to time. Therefore, we recommend consultation with the staff of LAVECO LTD., who will be able to provide up-to-date information, before making a final decision on the choice of bank.
|
Fee charged by LAVECO LTD. for the opening of accounts in Volksbank Bank: 850 EUR
Fee for arrangement of bank cards: 200 EUR (up to 4 cards) |
|---|
|
| Bank |
Country |
Fee charged for the opening of accounts |
Details |
|
Serbia |
600 EUR |
|
For more information, please, contact our office.
|
|
Malta |
850 EUR |
|
For more information, please, contact our office.
|
|
Cyprus |
500 EUR |
|
For more information, please, contact our office.
|
|
Serbia |
600 EUR |
|
For more information, please, contact our office.
|
|
Serbia |
600 EUR |
|
For more information, please, contact our office.
|
|
Slovakia |
600 EUR |
Csob BankAccount opening is available only for companies registered in Hong Kong and the Commonwealth of Dominica. |
| Csob Bank |
|---|
| Main information on the bank |
|---|
| Country of registration, number of branches: |
Bratislava, Slovakia.
The bank has 85 branches in Slovakia. |
| Year of foundation: |
1964 |
| Credit rating: |
A1 (Moody's), A+ (Fitch), BBB+ (Capital Intelligence) |
| Main shareholders: |
KBC Bank and European Bank for Reconstruction and Development |
| SWIFT code: |
CEKOSKBX |
| Information on the opening of accounts, main features of accounts |
|---|
| Type of account: |
Current account and investment account (corporate and individual) |
| Documents required for the opening of accounts: |
Corporate accounts: incorporation documents of the company, certified translation into Slovakian of the company documents (which can be arranged by the bank), passport copies and identification documents of the persons managing the account. Certificate of Good Standing with Apostille is required for companies more than 3 months old.
Individual accounts: passports of the persons managing the account |
| Time required for the opening of accounts: |
1 day |
| Restrictions on the opening of accounts: |
Account opening is available only for companies registered in Hong Kong and the Commonwealth of Dominica. |
| Personal appearance of signatories required: |
Yes |
| Minimum balance required in the account: |
No minimum required, but advisable to place a deposit of 300 EUR |
| Methods of making payments : |
Through Internet or personally |
| Internet banking: |
Available. Free of charge.
With SMS codes - daily limit of 50 000 EUR, weekly limit of 100 000 EUR
With chip card - a fee of 33.20 EUR plus 11.62 EUR per year for renewal of the certificate |
| Credit / debit card types and possibilities: |
VISA Business, MasterCard Business |
| Deposit required in card accounts: |
No deposit required. The card includes travel insurance, for a fee from 18.26EUR to 111.03 EUR, depending on the type of insurance. Insurance fee is payable every year. |
| Fee charged by the bank for the opening of accounts: |
Free of charge |
| Account maintenance fee: |
11.58 EUR/month
Other expenses: 30 EUR/standard page for certified translation into Slovakian |
| Basic charges imposed by the bank |
|---|
| Charge for incoming transfers: |
Free of charge |
| Charge for outgoing transfers: |
Within SEPA countries: personally - 0.83 EUR, through Internet - 0.10 EUR
Outside SEPA countries and in case of transfer in other currencies:
personally - 0.50%, min. 16.60 EUR, max. 49.79 EUR,
through Internet - 0.40%, min. 9.96 EUR, max. 38.17 EUR |
| Charge for cash withdrawals: |
In a branch: 1.16 EUR, from ATM in Euro zone: 1.10 EUR
From ATM outside Euro zone: 2%, min. 5.95 EUR |
| Charge for cash deposits: |
0.40 EUR |
| The conditions imposed by the banks regarding the opening of accounts may change from time to time. Therefore, we recommend consultation with the staff of LAVECO LTD., who will be able to provide up-to-date information, before making a final decision on the choice of bank. |
Fee charged by LAVECO LTD. for the opening of accounts in CSOB BANK: 600 EUR
Fee for arrangement of bank cards: 200 EUR(up to 4 cards)
|
|---|
|
|
Mauritius |
850 EUR |
|
ABC BANKING CORPORATION
Main information on the bank
|
|---|
| Country of registration, number of branches: |
Mauritius, Port Louis (1 Branch) |
| Year of foundation: |
2010 |
| Main shareholders: |
ABC Motors Company Ltd., ABC Car Rental Ltd., Good Harvest Ltd., Union Shipping Ltd., private individuals |
| SWIFT code: |
ABCKMUMUXXX |
| Information on the opening of accounts, main features of accounts |
|---|
| Type of account: |
Call Deposit Account (Corporate and Individual) and Fixed Deposit Account |
| Documents required for the opening of accounts: |
Corporate account: Certificate of incorporation, Certificate of Good Standing if the company has been incorporated more than one year, Memorandum of Association, Registry of Directors, Registry of Members, Passport copy and proof of address on authorised signatory, directors and shareholders. All the documents should be duly certified.
Individual account: Passport copy and proof of address.
|
| Time required for the opening of accounts: |
2-3 weeks, provided all the information and documents requested are available. |
| Restrictions on the opening of accounts: |
The bank does not open account for US resident persons and companies or to companies from sanctioned countries. The bank does not open accounts for companies whose Articles allow the issuance of bearer shares. |
| Personal appearance of signatories required: |
Not required |
| Minimum balance required in the account: |
No minimum balance requirement. The account will remain active within 1 year. |
| Methods of making payments : |
Fax and Email Instruction |
| Internet banking: |
Viewing only. Internet banking will become full operation by end of Oct 2013. |
| Credit / debit card types and possibilities: |
MasterCard Debit Card (The debit card can be used worldwide on any ATM having the logo of MasterCard/Cirrus/Maestro and on any POS of any authorised merchant. |
| Deposit required in card accounts: |
Deposit is not required. |
| Fee charged by the bank for the opening of accounts: |
Free of charge |
| Account maintenance fee: |
Free of charge |
| Basic charges imposed by the bank |
|---|
| Charge for incoming transfers: |
No charge for incoming transfers |
| Charge for outgoing transfers: |
50 USD + overseas bank charges, where applicable.
|
| Charge for cash withdrawals: |
0.5% commission in lieu of exchange (minimum 15 USD)
|
| Charge for cash deposits: |
Free of charge
|
| The conditions imposed by the banks regarding the opening of accounts may change from time to time. Therefore, we recommend consultation with the staff of LAVECO LTD., who will be able to provide up-to-date information, before making a final decision on the choice of bank. |
Fee charged by LAVECO LTD. for the opening of accounts in ABC BANKING CORPORATION: 850 EUR
|
|---|
|
|
Seychelles |
1850 EUR |
|
| Barclays Bank |
|---|
| Main information on the bank |
|---|
| Country of registration, number of branches: |
Barclays Bank Seychelles Ltd is part of the Barclays Group and operates within the framework of Barclays Africa and the Middle East, which comprises banking operations in 11 countries. |
| Year of foundation: |
1959 |
| Main shareholders: |
Barclays PLC U.K. |
| SWIFT code: |
BARCSCSC |
| Information on the opening of accounts, main features of accounts |
|---|
| Type of account: |
Current account (corporate and individual) |
| Documents required for the opening of accounts: |
Corporate accounts: passport copies certified by notary public, bank reference letter, bank statements or utility bills of directors, beneficiaries and persons managing the account, certified copies of incorporation documents, Certificate of Good Standing for companies more than one year old. The bank requires a detailed description of the company’s activity and a business plan in case the company’s yearly turnover is over 5 million USD.
Individual accounts: passport copy certified by notary public, confirmation of residential address, original credit card statement and bank reference letter of the signatory. |
| Time required for the opening of accounts: |
2 months |
| Restrictions on the opening of accounts: |
No restrictions |
| Personal appearance of signatories required: |
In the Laveco office |
| Minimum balance required in the account: |
100 000 USD |
| Methods of making payments : |
Fax, Internet |
| Internet banking: |
Available, 15 USD/month
|
| Credit / debit card types and possibilities: |
Visa Debit Card |
| Deposit required in card accounts: |
1.5 times the credit limit, minimum credit limit is 5000 USD |
| Fee charged by the bank for the opening of accounts: |
Free of charge |
| Account maintenance fee: |
Free of charge |
| Basic charges imposed by the bank |
|---|
| Charge for incoming transfers: |
Free of charge |
| Charge for outgoing transfers: |
In bank branches or fax: 0,15% of the payment value min.20 USD, max.65 USD (plus SWIFT message charge 20 USD)
1% exchange loading on all cross currency payments
Electronic International Payment: 35 USD |
| Charge for cash withdrawals: |
In bank branches up to 1000 USD: free of charge. Over 1000 USD: 1%.
From ATM: 2% of the transaction value, 2.99% of transaction value in a currency other than the currency of the card |
| Charge for cash deposits: |
Up to 1000 USD: free of charge. Over 1000 USD: 1% |
| The conditions imposed by the banks regarding the opening of accounts may change from time to time. Therefore, we recommend consultation with the staff of LAVECO LTD., who will be able to provide up-to-date information, before making a final decision on the choice of bank. |
Fee charged by LAVECO LTD. for the opening of accounts in Barclays Bank: 1850 EUR
Fee for arrangement of bank cards: 200 EUR (up to 4 cards) |
|---|
|
|
Seychelles |
850 EUR |
|
| BMI Offshore Bank |
|---|
| Main information on the bank |
|---|
| Country of registration: |
Mahe, Seychelles |
| Year of foundation: |
2008 |
| Main shareholders: |
Bmi Bank (Bahrain) and Nouvobanq (largest local bank, partially owned by Standard Chartered) |
| SWIFT code: |
BMUSBHBM |
| Information on the opening of accounts, main features of accounts |
|---|
| Type of account: |
Current account (corporate and individual) |
| Documents required for the opening of accounts: |
Corporate accounts: certified copies of the incorporation documents of the company, passport copies of the directors, shareholders, beneficiaries and the persons managing the account certified by notary public, proof of address of the directors and persons managing the account (not older than 3 months). For companies more than one year old a Certificate of Good Standing is also required.
Individual accounts: passport copy certified by notary public, proof of address (not older than 3 months)
|
| Time required for the opening of accounts: |
2 weeks |
| Restrictions on the opening of accounts: |
No restrictions |
| Personal appearance of signatories required: |
Not required |
| Minimum balance required in the account: |
5,000 USD or equivalent in other currencies |
| Methods of making payments : |
Internet, fax |
| Internet banking: |
Yes |
| Credit / debit card types and possibilities: |
Not currently available |
| Fee charged by the bank for the opening of accounts: |
Free of charge |
| Account maintenance fee: |
If the annual turnover is less than 25,000 USD, a monthly fee of 5 USD is charged |
| Basic charges imposed by the bank |
|---|
| Charge for incoming transfers: |
Free of charge |
| Charge for outgoing transfers (min, max): |
Up to 1 million USD: 30 USD (in case of Internet Banking: 25 USD)
For amount of 1 million USD and above: 100 USD |
| Charge for cash withdrawals: |
Not available |
| Charge for cash deposits: |
Not available |
| The conditions imposed by the banks regarding the opening of accounts may change from time to time. Therefore, we recommend consultation with the staff of LAVECO LTD., who will be able to provide up-to-date information, before making a final decision on the choice of bank. |
| Fee charged by LAVECO LTD. for the opening of accounts in BMI Offshore Bank: 850 EUR |
|---|
|
|
Austria |
950 EUR |
|
| Deutsche Bank |
|---|
| Main information on the bank |
|---|
| Country of registration, number of branches: |
The bank is registered in Vienna, Austria and is a member of the Deutsche Bank group, which has 82 branches in 38 countries of the world. |
| Year of foundation: |
1870 |
| Credit rating: |
Aa3 (Moody's), AA (S&P), AA (Fitch, IBCA) |
| Main shareholders: |
Allianz Insurance Co., La Caixa, Other institutional and private investors |
| SWIFT code: |
DEUTATWW |
| Information on the opening of accounts, main features of accounts |
|---|
| Type of account: |
Investment account (corporate and individual) |
| Documents required for the opening of accounts: |
Corporate account: copies of company documents certified by notary public, bank reference letters for directors and persons managing the account, specimen signatures of the persons managing the account certified by notary public and passport copies of the persons managing the account. If the company is more than 3 months old, a Certificate of Good Standing is also required.
Individual account: bank reference letters, passport copies and signatures of the persons managing the account certified by notary public. |
| Time required for the opening of accounts: |
3-4 weeks |
| Restrictions on the opening of accounts: |
As accounts opened with Deutsche Bank are not current accounts, they are not suitable for daily transactions. |
| Personal appearance of signatories required: |
No |
| Minimum balance required in the account: |
1,000,000 EUR |
| Methods of making payments : |
Telefax |
| Internet banking: |
Not available |
| Credit / debit card types and possibilities: |
VISA Classic, Eurocard/Mastercard |
| Deposit required in card accounts: |
No extra deposit |
| Fee charged by the bank for the opening of accounts: |
Free of charge |
| Account maintenance fee: |
25 EUR/3 months |
| Basic charges imposed by the bank |
|---|
| Charge for incoming transfers: |
Free of charge |
| Charge for outgoing transfers: |
0.25 %, min. 10 EUR
100,000 EUR and over – 40 EUR flat
(plus 8 EUR for express transfer) |
| Charge for cash withdrawals: |
Free of charge |
| Charge for cash deposits: |
Free of charge |
| The conditions imposed by the banks regarding the opening of accounts may change from time to time. Therefore, we recommend consultation with the staff of LAVECO LTD., who will be able to provide up-to-date information, before making a final decision on the choice of bank. |
Fee charged by LAVECO LTD. for the opening of accounts in Deutsche Bank: 950 EUR
Fee for arrangement of bank cards: 200 EUR (up to 4 cards) |
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|
|
Liechtenstein |
850 EUR |
|
| Neue Bank |
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| Main information on the bank |
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Country of registration,
number of branches: |
Vaduz, Liechtenstein. 1 branch |
| Year of foundation: |
1992 |
| Main shareholders: |
Private individuals (The Board of Directors and the Executive Management of the Bank) |
| SWIFT code: |
NBANLI22 |
| Information on the opening of accounts, main features of accounts |
|---|
| Type of account: |
Investment account (corporate and individual) |
| Documents required for the opening of accounts: |
Corporate accounts: copies of company documents certified by notary public, bank reference letters for directors and the persons managing the account, passport copies and signatures of the persons managing the account certified by notary public
Individual account: bank reference letters, passport copies and signatures of the persons managing the account certified by notary public |
| Time required for the opening of accounts: |
2 weeks |
| Restrictions on the opening of accounts: |
As accounts opened with Neue Bank are not current accounts, they are not suitable for daily transactions. |
| Personal appearance of signatories required: |
Yes |
| Minimum balance required in the account: |
100,000 USD |
| Methods of making payments : |
Telefax |
| Internet banking: |
Not available |
| Credit / debit card types and possibilities: |
VISA Classic, Eurocard/Mastercard, American Express |
| Deposit required in card accounts: |
200,000 USD |
| Fee charged by the bank for the opening of accounts: |
Free of charge |
| Account maintenance fee: |
min. 1,500 CHF/year for managed portfolios |
| Basic charges imposed by the bank |
|---|
| Charge for incoming transfers: |
Free of charge |
| Charge for outgoing transfers: |
15 CHF - 20 CHF, depending on country of destination + turnover commission 0.05%, max. 300 CHF |
| Charge for cash withdrawals: |
0.1 - 0.3 %, depending on amount and currency. No upper limit! |
| Charge for cash deposits: |
0.1 - 0.3 %, depending on amount and currency. No upper limit! |
| The conditions imposed by the banks regarding the opening of accounts may change from time to time. Therefore, we recommend consultation with the staff of LAVECO LTD., who will be able to provide up-to-date information, before making a final decision on the choice of bank. |
Fee charged by LAVECO LTD. for the opening of accounts in Neue Bank: 850 EUR
Fee for arrangement of bank cards: 200 EUR (up to 4 cards) |
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|
|
Austria |
750 EUR |
|
| Valartis Bank |
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| Main information on the bank |
|---|
| Country of registration: |
The bank is registered in Vienna. |
| Year of foundation: |
1993 |
| Main shareholders: |
50% of shares is owned by MCG Holding S.A., the other 50% is publicly traded. |
| SWIFT code: |
VLRTATWW |
| Information on the opening of accounts, main features of accounts |
|---|
| Type of account: |
Investment account (corporate and individual) |
| Documents required for the opening of accounts: |
Corporate accounts: letter of introduction, bank reference letters for directors and persons managing the account, passport copies and signatures of the persons managing the account certified by notary public, declaration of beneficial ownership, copies of company documents certified by notary public, Certificate of Good Standing for companies more than 12 months old
Individual accounts: copies of the passports of signatories certified by notary public, CV and bank reference letters for persons managing the account |
| Time required for the opening of accounts: |
2 weeks |
| Restrictions on the opening of accounts: |
The bank does not open accounts for companies whose Articles allow the issuance of bearer shares and for clients from countries considered as „non-cooperative" by FATF. |
| Personal appearance of signatories required: |
Not obligatory, but advisable to visit the bank within 6 months of the account being opened |
| Minimum balance required in the account: |
100,000 EUR |
| Methods of making payments : |
Telefax |
| Internet banking: |
Available, only for enquiry and correspondence with the Bank. |
| Credit / debit card types and possibilities: |
VISA, EuroCard/MasterCard |
| Deposit required in card accounts: |
100,000 EUR |
| Fee charged by the bank for the opening of accounts: |
For companies: 150 EUR
For private individuals: free of charge |
| Account maintenance fee: |
For companies: 200 EUR/year
For private individuals: 40EUR/year |
| Basic charges imposed by the bank |
|---|
| Charge for incoming transfers: |
Free of charge |
| Charge for outgoing transfers: |
0.25 %, min. 50 EUR. max. 500 EUR |
| Charge for cash withdrawals: |
1 %, min. 20 EUR. No upper limit!
In EUR: free of charge |
| Charge for cash deposits: |
1 %, min. 20 EUR. No upper limit! |
| The conditions imposed by the banks regarding the opening of accounts may change from time to time. Therefore, we recommend consultation with the staff of LAVECO LTD., who will be able to provide up-to-date information, before making a final decision on the choice of bank. |
Fee charged by LAVECO LTD. for the opening of accounts in Valartis Bank: 750 EUR
Fee for arrangement of bank cards: 200 EUR (up to 4 cards) |
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|
+ 357-24-636-919
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