GSL / Offshore and International Law. Offshore companies registration. / Offshore Banking / Banque Internationale à Luxembourg SA (BIL)

How to open a bank account in Banque Internationale à Luxembourg SA (BIL)

GSL reference about the bank What is it?

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GSL rating

Beginning of cooperation

November, 2001

Last contact

May, 2024

Last update

March, 2024
  • the bank opens savings (deposit) accounts;
  • minimum account balance – EUR 1 000 000 EUR;
  • to open an account, a personal meeting with a potential client is mandatory;
  • the term for opening an account – case by case (check with the consultant)

 

GSL rating
Beginning of cooperation
November, 2001
Last contact
May, 2024
Last update
March, 2024
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General information and rating

491
Global rating
7
Countrywide rating
Countrywide rating of the head bank
Global rating of the head bank
Year of foundation
1856
History
Established in 1856, it is the country’s oldest bank; a member of the European banking group Dexia, which also includes Dexia Bank in Belgium and Dexia Credit Local in France. One of the leaders of Luxembourg’s financial sector. Employs 17 112 staff
Personnel
The bank has over 2 000 staff. There are English-speaking staff
Bank’s shareholders
The bank is a public company the shares of which are listed on the world’s leading stock exchanges. The bank’s shareholders are large state and commercial banks: Precision Capital - 90%; State of Luxembourg - 10%
Confidentiality
Double Taxation Agreement with Russia is signed; AML legislation is strictly observed; Active member of OECD, FATF, Basel Commitee, Egmont Group etc.
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    Minimum requirements

    1 000 000
    Minimum balance, €
    1
    Transactions permitted per month
    75 000
    Initial deposit of funds, €
    1
    Deadline for the initial deposit, month
    Initial deposit of funds, €
    The initial deposit is EUR 75 000
    How fast payments are executed
    The value date is the first day. The cut-off time is 16:00 Moscow time

    Tariffs and services

    30
    Outcoming transfer, €
    0
    Incoming transfer, €
    400
    Account maintenance, €/year
    N/A
    Payment limit for credit cards, €/day
    Distant access to the account
    For corporate accounts - fax confirmed by a phone call
    Financial products
    The bank professionally works with all traditional banking products: letters of credit, guarantees, cheques etc.
    Credit/debit cards
    Available

    Account opening procedure

    Days to open for incoming transfers
    case by case
    Days to open for outcoming transfers
    case by case
    References
    Not necessary
    Purpose of the account
    Savings
    Visit to the bank
    To open an account, a personal meeting with a potential client is mandatory
    Required
    A photocopy of passport, corporate documents
    Types of accounts
    Savings
    Opening procedure and Due Diligence
    It is possible to open an account without visiting the country where the bank is located; It is possible to open an account without meeting the banker
    Chances to open an account
    Predictable
    Business description
    Relatively detailed: in addition to the description of the business, the origin of funds needs to be disclosed

    Banks of Luxembourg

    Bank
    The cost of opening an account, $
    Global rating
    Countrywide rating
    GSL rating
    Need a consultation from a specialist?
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