How to open a bank account in Zemcombank (Landcombank)
GSL reference about the bank What is it?
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GSL rating
Beginning of cooperation
April, 2025
Last contact
November, 2025
Last update
April, 2025
the bank was established in 1990 in Semikarakorsk, Rostov Region, based on the local branch of the soviet Agroprombank; the head office of the bank is in Rostov-on-Don; it has no offices in Moscow;
the bank opens current and savings (deposit) accounts;
the bank opens accounts not only for Russian companies but also for foreign companies, that is those incorporated OUTSIDE the Russian Federation (RF);
original documents of a foreign company that are provided shall be legalized / apostilled and have a notarized translation into Russian;
there is no requirement regarding the minimum account balance;
tax registration in the RF and director’s visit to the bank’s office are required to open an account; it is also possible to open an account by power of attorney issued to the account signatory;
it is possible to make international payments in a foreign currency; available currencies: TRY, CNY, AZN, KZT, RSD, KGS, AMD, GEL, BRL;
Established in 1990. It is one of the oldest commercial banks in Russia. Initially, the Bank's main clients were agricultural producers. As the bank developed, the range of clients covered enterprises from all sectors of the economy
Personnel
The staff communicates in Russian and speaks English
Bank’s shareholders
Finance South Rusi LLC
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Minimum requirements
0
Minimum balance, €
No restrictions
Transactions permitted per month
0
Initial deposit of funds, €
0
Deadline for the initial deposit, month
Minimum balance, €
No minimum account balance requirement
Transactions permitted per month
No restrictions on the number of transactions
Initial deposit of funds, €
No down Initial deposit requirement
Minimum turnover, €/year
No turnover restrictions
How fast payments are executed
Same day or next day
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Tariffs and services
200
Outcoming transfer, €
0
Incoming transfer, €
N/A
Account maintenance, €/year
N/A
Payment limit for credit cards, €/day
Outcoming transfer, €
For outgoing transfers in TRY a fee of TRY are subject to a fee of TRY 1 000 per payment,
for CNY, it is CNY 210 per payment,
for KGS and AMD, it is 0,4% of the amount (min. RUB 2 000, max. RUB 30 000),
for KZT and RSD, it is 0,4% of the amount (min. RUB 2 000)
Incoming transfer, €
No fee is charged for incoming payments in a foreign currency
Distant access to the account
There is Internet banking
Financial products
Universal Bank, offering technological, classic and special industry-specific banking products to corporate and retail customers in Rostov-on-Don and the Rostov region
Credit/debit cards
Bank cards can be issued
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 & current
Visit to the bank
Account opening requires tax registration in the Russian Federation and a visit of the director to a bank branch; it is also possible to open an account with a power of attorney for the account manager
Required
List of corporate documents of a foreign company required to open an account with a Russian bank:
- Certificate of Incorporation;
- Memorandum and Articles of Association;
- Certificate of Good Standing;
- Extract from the Registrar (Certificate of Incumbency);
- Certificate of registration of legal entity with tax authority of the Russian Federation (certificate of taxpayer identification number; see information below on registration of a foreign organization with a tax inspectorate of the RF);
- Documents proving powers of the sole (collective) executive body of the legal entity;
- Power of attorney (in the case of opening an account by power of attorney); the text of the power of attorney must be approved by the bank;
- Identification document of the sole executive body (individual) of the legal entity, persons authorized to manage money in the bank account, and other representatives of the legal entity;
- Notarized specimen signature and seal card.
The list is not exhaustive and may change depending on the country of the foreign company’s incorporation and the chosen bank. Banks reserve the right to request any additional documents and information
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