How to open a payment system account in VP Limit
Main characteristics and experience with the payment system
Cost
2750 USD
Beginning of cooperation
April, 2025
Last contact
July, 2025
Last update
July, 2025
Being professional intermediaries, we are limited in giving public opinion about some financial institutions. Please contact us directly to obtain more detailed feedback.
- It is possible to open multi-currency and crypto-fiat accounts for individuals and businesses;
- It is possible to make payments in USD, EUR, AED, JPY, CNY, AUD, NZD, HKD, CHF, GBP, CAD;
- No minimum balance requirements;
- It is possible to open an account for offshore companies, however, there is a list of countries for which an account is not opened (check with a consultant);
- Incoming transactions - 0 USD; outgoing transactions - 2.5% (minimum 70 USD); internal transfers - free;
- Internet banking in English;
- The staff communicates in English
Cost
2750 USD
Beginning of cooperation
April, 2025
Last contact
July, 2025
Last update
July, 2025
General information and GSL rating
2019
Year of foundation
Hong-Kong
Country of license issue
HKMA
Regulator
GSL rating
Year of foundation
2019
History
Licensed since 2019
Personnel
The staff speaks English
Compare payment systems
Minimum requirements
No restrictions
Minimal turnover, €
0
Minimal balance, €
Yes
Do they work with offshore companies
—
Do they require a substance
Minimal turnover, €
No restrictions
Restrictions by jurisdiction
There is a list of jurisdictions that we do not work with (check with a consultant)
Tariffs and services
60
Array
0
Array
43
Account maintenance, €/month
—
Acquiring commission
Account opening procedure, €
Account opening fee - USD 1 000
Array
The transfer fee is 2,5% (minimum USD 70)
Array
There is no fee for incoming transfers
Account maintenance, €/month
Monthly account maintenance fee - USD 50
Account opening procedure
Account opening terms
Case by case
Possibility of remote account opening
Yes
Business description
Detailed
Types of accounts
Personal; Corporate; Current
Document requirements
Standard set of corporate documents; passport of the beneficiary/director/representative; power of attorney to act on behalf of the company; bank statement for the last 6 months; confirmation of the company's address, etc.
Possibility of remote account opening
It is possible to open an account and undergo identification remotely
Types of accounts
Personal; Corporate; Current
Chances to open an account
Predictable
Business description (text description)
The requirements for the description of the activity are standard: a story about the current state of the business and its development, disclosure of the source of funds, biography of the account beneficiary and contact information
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