GSL / Offshore and International Law / Offshore Banking / Incognito Bank 002 (Liechtenstein)

How to open a bank account in Incognito Bank 002 (Liechtenstein)

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January, 2003 December, 2021 September, 2021

GSL reference about the bank

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Primary requirements:
- the bank opens savings (deposit) and current accounts;
- an account can be opened remotely (a bank representative regularly visits Moscow);
- the minimum balance is discussed with bankers individually in each case;
- the term for opening an account - case by case (check with the consultant);
- the bank does not open accounts for clients raising funds from third parties;
- the bank does not work with US residents (individuals and companies).

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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
    6 084 193 N/R
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    Year of foundation 1998
    History Established in 1998
    Personnel The bank has Russian-speaking staff
    Bank’s shareholders
    Confidentiality 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
    300 000 20 244 000 6
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    Minimum balance, € The minimum balance is CHF 300 000 (the minimum balance is discussed with bankers individually in each case)
    Transactions permitted per month One transaction per day
    Initial deposit of funds, € The initial deposit is equal to the minimum balance (CHF 300 000) and must be made within 6 weeks. Otherwise the bank reserves the right to close the account. To obtain the account details, an amount of USD / EUR / CHF 5 000 should be transferred, which is not the initial deposit, but can be debited by the bank as a fee in the case of the client’s failure to meet the above conditions
    Deadline for the initial deposit, month The minimum balance must be transferred within 6 weeks of provision of the account details
    How fast payments are executed Payments are normally executed on the third day from receipt of a payment instruction. Express payments with same-day execution are available for an additional fee of 0.25%

    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, €
    110 110 2 000 2 000 0
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    Outcoming transfer, € The outgoing transfer fee is 0.125% (but min. CHF 125 and max. CHF 1 250). The express payment fee (for outgoing payments) is 0.25% (but min. CHF 250 and max. CHF 2 500)
    Incoming transfer, € The incoming transfer fee is 0.125% (but min. CHF 125 and max. CHF 1 250). Where an average balance of the account is over CHF 300 000, the incoming transfer fee is zero. The express payment fee (for incoming payments) is 0.25% (but min. CHF 250 and max. CHF 2 500)
    Account maintenance, €/year The maintenance fee is CHF 1 000 per year (payable quarterly). There is a CHF 500 fee for account opening and CHF 1 000 fee for account closure. The fee for a Pseudonym Account is CHF 100 per year (payable quarterly)
    Distant access to the account The bank offers facilities for account management via fax, phone and Internet. It is also possible to view the balance and transactions via Internet. The Internet Banking fee is CHF 500 per year (payable quarterly)
    Financial products Documentary business, guarantees (CHF 200), letters of credit, investment portfolio management and Family Office, handling of leasing operations, secured loans, financing of real estate projects, lombard loans, IPO and investment funds, trusts and custodial services
    Credit/debit cards There are three types of cards: debit card Maestro Travel Cash (anonymous), debit card Visa Intercard (including an anonymous one), and credits cards Visa and Master Card
    Hold mail The bank charges CHF 100 per year as hold mail fee (payable quarterly)

    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 Necessary Detailed Savings
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    Visit to the bank Not required. The bank’s representative visits Moscow once a month
    Required Passport, due diligence form, detailed description of education, previous activities, current business structure, and beneficial owner of the company, plus estimated figures of the proposed business related to the account. A bank reference letter is necessary
    Types of accounts Personal; Corporate; Savings; Current
    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 The bank is not interested in clients who raise third-party investments or deal in on-line gambling, Forex operations, or any other activity which is subject to licensing. Besides, the bank does not accept as clients US tax residents (either individuals or companies)
     
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