How to open a bank account in UBS AG

Beginning of cooperation Last contact Last update
August, 1996 December, 2021 September, 2021

GSL reference about the bank

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Primary requirements:
- 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).

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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
    19 2 AA-
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    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.

    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
    5 000 000 10 5 000 000 3
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    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

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    Outcoming transfer, € Incoming transfer, € Account maintenance, €/year Payment limit for credit cards, €/day Funds to be blocked for CC issue, €
    20 0 240 16 000 200 000
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    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

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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 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 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 It will suffice to give an adequate verbal description of the company’s business to the bank’s representative
    Need a consultation from a specialist?

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