How to open a bank account in Banque SYZ SA

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January, 2016 June, 2021 April, 2021

GSL reference about the bank

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Primary requirements:
- the bank opens savings (investment) accounts;
- an account is possible without going to the bank, a representative of the Bank regularly visits Moscow;
- requirements for the minimum account balance - 1,000,000 EUR;
- the term for opening an account - case by case (check with the consultant)

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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
    Not rated 85 A-
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    Year of foundation 1996
    History The bank was founded in 1996 in Geneva. In February 1999, SYZ Bank & Trust was opened in Nasau. In June 1999, an agency was opened in Lugano, and in 2000 in Locarno. From 2001 to 2014, offices were opened in London, Zurich, Hong Kong and Dubai. In August 2015, the Bank acquired Royal Bank of Canada (Suisse) SA
    Personnel There is a Russian-speaking staff
    Bank’s shareholders SYZ is a privately held company, the main shareholder of which is Eric Sees, who is also the CEO
    Confidentiality Judicial Cooperation Agreement with Russia is signed; 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 3 1 000 000 3
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    Minimum balance, € Minimum balance requirement - 1,000,000 EUR
    Transactions permitted per month Allowable number of transfers - 2-3 per month
    Initial deposit of funds, € Down payment is equal to the minimum balance
    Deadline for the initial deposit, month Submitted during the first months of service
    How fast payments are executed Value date - next day

    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, €
    N/A N/A N/A N/A N/A
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    Account maintenance, €/year Bank commission for account maintenance and transfers is set on an individual basis (depending on the client's plans and the amount of funds)
    Distant access to the account Internet Banking
    Financial products The bank provides portfolio management services. Long-term comprehensive investment solutions. A wide range of portfolio funds. Investment consulting.

    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 A visit to the bank is not required, since the necessary meeting with a bank representative when opening an account can take place in Moscow (a bank representative visits Moscow)
    Required Completed bank forms; copy of the client's passport; client's resume; standard set of 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
    Chances to open an account Predictable
    Business description Moderately detailed: along with a description of the business, it is necessary to provide information on the sources of origin of funds
     
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