GSL / Offshore and International Law. Offshore companies registration. / Offshore Banking / Incognito Bank (Switzerland) 002

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

GSL reference about the bank What is it?

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GSL rating

rating

Beginning of cooperation

August, 1997

Last contact

December, 2024

Last update

June, 2024
  • savings (investment) accounts;
  • requirements for the minimum account balance – USD 1 000 000;
  • translation cost – CHF 30;
  • it is possible to open an account for an operating company in conjunction with Private Banking (with transaction activity up to 5 transactions per month);
  • a personal meeting with a bank representative is mandatory

 

GSL rating
rating
Beginning of cooperation
August, 1997
Last contact
December, 2024
Last update
June, 2024
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General information and rating
General information and rating

752
Global rating
17
Countrywide rating
—
Countrywide rating of the head bank
—
Global rating of the head bank
Year of foundation
1983
History
Founded in 1983 and headquartered in Zurich, the Bank has an international network which spreads over Europe, the Middle East, Asia Pacific region, North and South Americas. It belongs to a global family of private banking businesses, which covers 30 countries and has around 2 500 employees
Personnel
Mainly English-speaking and French-speaking
Bank’s shareholders
100% shareholder is a Luxembourg-based financial group controlled by the family of South European shipowners
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.
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    Minimum requirements
    Minimum requirements

    1 000 000
    Minimum balance, €
    5
    Transactions permitted per month
    1 000 000
    Initial deposit of funds, €
    No restrictions
    Deadline for the initial deposit, month
    Minimum balance, €
    The minimum account balance requirement is USD 1 000 000. For high risk accounts and for PEP - USD 5 000 000
    Transactions permitted per month
    The account should not be used as a checking account, transactional activity is not allowed (only for personal needs). However, transactional activity is allowed for operating companies (5 transfers per month), opening an account for which is possible in conjunction with Private Banking
    Initial deposit of funds, €
    Down payment is equal to the minimum account balance
    Deadline for the initial deposit, month
    The down payment can be made at any time - by prior arrangement with the bank officer
    How fast payments are executed
    Usual value date is the second day. The same day transfers are possible but not guaranteed (especially with large transaction amounts). Cut-off time is 15.00 (Central European Time)

    Tariffs and services
    Tariffs and services

    80
    Outcoming transfer, €
    0
    Incoming transfer, €
    2 000
    Account maintenance, €/year
    7 600
    Payment limit for credit cards, €/day
    Outcoming transfer, €
    Outgoing transfers in CHF – CHF 20, transfers in European currencies – CHF 30, transfers in other currencies – CHF 40 (up to CHF 100 per transfer including all additional charges)
    Incoming transfer, €
    All incoming transfers are free of charge
    Account maintenance, €/year
    CHF 2 500 per year. Account closing fee is CHF 1000
    Payment limit for credit cards, €/day
    Minimum payment limit set by a client is USD 10 000
    Funds to be blocked for CC issue, €
    Minimum amount to be blocked for the issue of credit cards is three times as much as the payment limit (USD 30 000)
    Distant access to the account
    Fax plus phone call, in rare cases code tables are permitted. E-banking is also available for CHF 1 000 per year
    Financial products
    The bank does not work with main banking products and offers traditional financial instruments: fixed-term deposits, shares, bonds and their combinations. The minimum fixed-term deposit is CHF 50 000, the rates on deposits are linked to market rates
    Credit/debit cards
    VISA, Mastercard

    Account opening procedure
    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
    A personal meeting with a bank representative is mandatory
    Required
    Copy of passport, business card, standard set of 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
    Chances to open an account
    Predictable
    Business description
    The bank asks for information on the source of the funds of the beneficial owner of the company. This information is subsequently verified by the bank through its own channels.
    Offers
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    CHF 19 000

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    Establishment of a charitable foundation in Switzerland. Service offer

    Charitable foundation in Switzerland is a quite profitable structure in terms of taxation and asset protection; creation of such a structure, however, requires mu...

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