How to open a bank account in UBS AG

GSL reference about the bank What is it?

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GSL rating

Beginning of cooperation

August, 1996

Last contact

October, 2022

Last update

October, 2022
  • the bank opens savings (investment) accounts;
  • an account can be opened at a representative office of the Bank in Moscow;
  • requirements for the minimum account balance - 5,000,000 USD;
  • open accounts for offshore companies;
  • it is possible to carry out commercial transactions on condition of a large deposit;
  • the term for opening an account - case by case (check with the consultant);
  • it is possible to open an operating account for the company in addition to the investment account for the beneficiary (the conditions can be clarified with the consultant)
GSL rating
Beginning of cooperation
August, 1996
Last contact
October, 2022
Last update
October, 2022
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General information and rating

19
Global rating
2
Countrywide rating
Countrywide rating of the head bank
Global rating of the head bank
Year of foundation
1998
History
UBS AG is a leading Swiss bank formed from the merger in June 1998 of Union Bank of Switzerland (founded in 1912) and Swiss Bank Corporation (founded in 1872). In November 2008 it merged with UBS Capital AG. The Swiss bank UBS is one of the 28 largest banks, which, according to the definition of the Financial Stability Board (FSB), fall into the category of “systemically important financial institutions”. As of 2015, the largest Swiss bank is represented in 56 countries and in all important financial centers with 893 branches. Assets under management in the amount of CHF 2 690 billion (2017)
Personnel
The bank employs over 60,000 employees. Russian-speaking, English-speaking, German-speaking, etc.
Bank’s shareholders
The Bank is an Open Joint Stock Company and its shares are quoted on leading stock exchanges. More than 127,000,000 shares were issued in total. The largest block of shares does not exceed 5%. More than 80% of shareholders are Swiss residents. Shareholders with 3% or more shares: Chase Norminee Ltd (London) - 11.94%; The Depository Trust Company DTC (Cede & Co.), New York (a US clearing organization) - 5.28%; Government of Singapore Investment Corp. (Singapore) - 6.40%; Nortrust Nominees Ltd (London) - 3.84%
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

    5 000 000
    Minimum balance, €
    10
    Transactions permitted per month
    5 000 000
    Initial deposit of funds, €
    3
    Deadline for the initial deposit, month
    Minimum balance, €
    The minimum balance is USD 5,000,000
    Transactions permitted per month
    The maximum of 5-10 transactions per month is the requirement for a typical Private Banking client
    Initial deposit of funds, €
    Down payment is equal to the minimum balance
    Deadline for the initial deposit, month
    Terms of introduction are discussed - 1 year by written agreement with the management
    How fast payments are executed
    On the next day

    Tariffs and services

    20
    Outcoming transfer, €
    0
    Incoming transfer, €
    240
    Account maintenance, €/year
    16 000
    Payment limit for credit cards, €/day
    Outcoming transfer, €
    20 CHF
    Incoming transfer, €
    Payments to the account are free of charge
    Account maintenance, €/year
    For the accounts with balances of up to 50 000 CHF - 600 CHF per year; for the accounts with minimum balances above 50 000 CHF - 300 CHF per year. The total cost of account servicing (including investment transactions tariffs etc.) is less than 1%
    Payment limit for credit cards, €/day
    20 000 CHF per month is the recommended withdrawal limit
    Funds to be blocked for CC issue, €
    Credit cards are opened on condition of blocking over 250 000 CHF on the account
    Distant access to the account
    UBS e-banking services are available right upon opening of the account. However, it is only possible to operate an account via e-banking system if it is opened in Switzerland or Singapore. For London-based accounts, e-banking is for looking up movements on the account
    Financial products
    Full range of first-class banking services (loans, guarantees, letters of credit, etc.). Service: “Your private banker in Moscow”. Bank guarantee: 70-95% of the amount, 2.5% per year (US dollars). Forex transactions with the leverage of 1:10
    Credit/debit cards
    Priority is given to VISA cards, since VISA payment system is the bank’s subsidiary
    Hold mail
    600 CHF per year

    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
    The meeting with a bank officer is required. The bank has a representative office in Moscow
    Required
    A copy of the national passport or the passport for traveling abroad. If the company uses nominee services, it will be necessary to have some additional bank forms signed by the Director
    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
    It will suffice to give an adequate verbal description of the company’s business to the bank’s representative

    Banks of Switzerland

    Bank
    The cost of opening an account, $
    Global rating
    Countrywide rating
    GSL rating
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    Comments

    • userpic round-small-mask

      11.05.2022 13:41:56 Sreekanth

      I would like to open offshore business account

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