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

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

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November, 2001 December, 2021 April, 2021

GSL reference about the bank

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Primary requirements:
- the bank opens savings (deposit) accounts;
- an account can be opened by meeting with a representative of the Bank in Moscow;
- minimum account balance - 1,000,000 EUR;
- the term for opening an account - case by case (check with the consultant).
The former Dexia Bank is one of the oldest banks in the country, founded in 1856. The bank has one of the best credit ratings in the banking sector in Luxembourg: A-

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    Bank's characteristics

    General information and rating

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    Global rating Countrywide rating Countrywide rating of the head bank Global rating of the head bank Credit rating
    491 7 A-
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    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. Russian-speaking staff too. You can also contact officers speaking Polish, Hungarian and other European languages
    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.

    Minimum requirements

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    Minimum balance, € Transactions permitted per month Initial deposit of funds, € Deadline for the initial deposit, month Minimum turnover, €/year
    1 000 000 1 75 000 1
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    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

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    Outcoming transfer, € Incoming transfer, € Account maintenance, €/year Payment limit for credit cards, €/day Funds to be blocked for CC issue, €
    30 0 400 N/A N/A
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    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

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    Days to open for incoming transfers Days to open for outcoming transfers References Business description Purpose of the account
    case by case case by case Not necessary Detailed Savings
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    Visit to the bank Not required, but recommendable to expedite the account opening
    Required A photocopy of passport, corporate documents
    Types of accounts Personal; Corporate; 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
     
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