Open an account in the bank abroad. How to open an account in a foreign bank to a physical face. What to choose a bank

Many Russians are cautious to a domestic banking system and seek to open an account abroad. However, before concluding an agreement, it is necessary to clearly understand which bank can be considered foreign.

Working on the territory of Russia credit and financial institutions that were opened by international banking groups, or banks involving foreign capital It is impossible to attribute to such a category, since the license for the right to carry out activities central bank Russia, and their work is fully regulated by Russian legislation. In addition, the reliability and sustainability of such credit and financial institutions are incomparable with the indicators of maternal companies. Therefore, citizens of the Russian Federation wishing to discover abroad, it is necessary to choose an organization with foreign jurisdiction. At the same time, the Russians do not have to leave the limits of their country: some banking institutions allow sending documentation by mail.

What to pay attention to

Citizens who plan to accommodate money abroad on anonymity conditions, may encounter difficulties. As part of the total fight against dirty money, foreign credit and financial institutions have significantly tightened the requirements for customers, therefore it is difficult to ensure the complete anonymity of the contribution.

For example, the legislation of the Republic of Cyprus prohibits the opening of license bank accounts. In addition, if the client has been implemented remittance The sender, information about which is missing or there is only its code, Cypriot bankers are endowed with the right to enroll the funds after receiving full information from the bank-corresponding about the person that listed money.

What does the law say about it

Can a citizen of Russia open an account in the bank abroad? Yes, the current legislation does not provide for the ban on the storage of cash by residents of the Russian Federation in bank accounts abroad. Moreover, in recent years, the discovery procedure has been noticeably simplified. If earlier, the CBRF special permission was required to complete this operation, today becoming a client of a credit and financial institution working under foreign jurisdiction, maybe most of the Russians (the exception is categories of citizens defined by Federal Law No. 79-FZ).

At the same time, the legislation clearly defined cases when a Russian citizen has the right to place funds abroad. It:

• discovery of the contribution to accumulate personal funds;
• investment.

Placing funds for the purpose of entrepreneurial activity is prohibited.

There are some restrictions on states with banking institutions of which cooperation is allowed. Countries where you can freely post money are members of Organization for Economic Co-Operation and Development (OECD) and Financial Action Task Force On Money Laundering (FATF).

The opening of deposits of residents of the Russian Federation in banks of non-members of these organizations is carried out in the manner prescribed by the CBRF. In specification No. 1411 dated March 30, 2004, the requirement to preliminary registration of such accounts. However, the order of registration itself is still absent. Therefore, if you formally guided by the rule "All that was not prohibited," residents of the Russian Federation can post money in banking institutions that are under any jurisdiction. At the same time, there is a risk that the court can interpret a somewhat different way.

Procedure for opening accounts in foreign banks

To decide where to open an account, it is not necessary to study in a business school. It is necessary to carefully examine the features of the chosen jurisdiction, the proposals of foreign credit and financial institutions, familiarize themselves with their reputation data on their sustainability, credit ratings and forecasts. Feature suitable option, You should start the discovery of the contribution. You can do it yourself or with the help of special agencies. The cost of the agency services can be from several hundred to several thousand dollars.

Any time framework of the operation does not exist - the procedure for registration of the deposit may last from one week to several months.

Citizens who independently do the design must collect required package Documents, fill in registration forms (in a foreign language) and personally visit the bank. After checking the submitted package of documents, a credit and financial institution will notify the citizen about the possibility or inability to open the contribution.

Persons who used the services of intermediaries do not have to make a foreign trip and personally visit the bank. Depositors must provide the agency package necessary documents and samples of their signatures certified by the Consulate of the country, under the jurisdiction of which the selected bank is located.

At the same time, cooperation with intermediaries does not mean that the depositor does not have to take an interview with representatives of a foreign credit and financial institution. Many banks provide for communication with a potential video client or telephone. It may also be necessary to provide the contribution of recommendatory letters from foreign business partners.

Required documents

The list of documents required to open the contribution from the Resident of the Russian Federation may vary and depends on each specific bank. Averaged package of documents includes:

• passport of the depositor, as well as members of his family (spouses / spouse and children);
• certificate of the amount of income received for the last 6-12 months;
• certificate of family composition;
• the certificate that the depositor is not under investigation issued by the police.

The most stringent requirements for potential clients put forward credit and financial institutions of the United Kingdom. Bankers from the UK may demand a variety of additional documents, including paid receipts for utilitieswhere the actual accommodation address and the name of the depositor are indicated, as well as recommendatory letters about the reliability of a citizen written by his employer or russian Bank.

Who is considered a resident by currency legislation

Currency Residents of the Russian Federation are considered: persons who are Russian citizens, as well as the residence permit of the person without citizenship and citizens of other countries permanently residing in Russia.

Responsibility notice to open an account

Residents of the Russian Federation, who posted their funds in banks located in other countries, are obliged to notify the opening of the authorities tax Service. Notification of the operation should be directed over the month from the date of the deposit. There is also a requirement for a mandatory notification in the monthly period of tax authorities on closing an account.

Send reporting documents Citizens can:

• personally visiting the tax inspectorate;
• post office with a notice of delivery;
• online through personal Area On the site FTS (required electronic signature).

The requirement of the obligatory notification of the tax authorities was legally fixed several years ago. Nevertheless, today, this rate does not fully work, as it has not yet been developed a single order and form of notification. Therefore, some investors at their own peril and risk ignore the requirement and report information about foreign accounts.

Cash Movement Report

The residents of the Russian Federation, who opened a contribution abroad, is entrusted with the obligation to provide tax authorities in a report on cash flow. This report reflects the remains at the beginning and end of the calendar year, as well as the amounts enrolled and written off from the account. Apply any additional documents to the report is not required. However, in addition to the report, tax authorities may require a bank statement from the investor, where the funds received as a result of various operations are reflected in detail. This document Allows you to determine how many thousand rubles were translated on certain legal entities.

Administrative responsibility (responsibility for non-separation or delay in submission of documents)

Residents of the Russian Federation, who did not notify the FNS bodies on opening an account in foreign credit financial institution Or filed a notice with a violation of deadlines, as well as citizens who did not provide or submitted a report on the movement of funds, can be attracted to administrative responsibility. The amount of fines is:

• for the misuse of notifications - from 4 to 5 thousand rubles;
• for a violation of the term, the provision of notification is from 1 to 1.5 thousand rubles;
• for failure to submit a report - from 2 to 3 thousand rubles;
• for violation of the status of the report - from 300 to 3 thousand rubles.

Who is forbidden to open accounts abroad

In order to ensure the national security of Russia by Federal Law No. 79-FZ dated July 27, 2004, some categories of citizens are prohibited from keeping funds in banking institutions that are outside the country. These categories include:

• persons who occupy high government positions;
• members of the Board of Directors of the CBRF;
• top managers of state-owned companies;
• citizens appointed by the Presidential Decree, Government and Prosecutor General of the Russian Federation, and other categories.

Under the ban on minors and spouses of the persons listed in Article 7.1 are also falling.

Persons who violate the ban are subject to liberation from positions or dismissal due to the loss of confidence.

Where and how to open an account

Residents of the Russian Federation, on which the prohibition does not apply, is given the right to discover deposits in foreign banks under any jurisdiction. The most popular bank jurisdictions among Russians are:

• Cyprus;
• Latvia;
• Switzerland;
• Hungary;
• Czech Republic;
• Montenegro;
• Hong Kong;

Foreign banks

Many credit and financial institutions working abroad establish minimal limits on the amount of deposits placed by citizens of other states. Practice shows that serious banks rarely open contributions for foreign customersPlacing on account less than 50 thousand dollars, and Switzerland's credit and financial institutions specializing in Private Banking are open to cooperation with persons who place at least 100 thousand dollars.

Bilderlings.

An alternative to deposit deposits in foreign banking institutions may be the discovery of the European and British account with individual details (IBAN) in. Innovative FINTEH-platform, which offers various types of banking services, operates on the basis of a license of the issuer of electronic money issued by the British financial regulator FCA. The license provides the right to open accounts, carry out payment processing and use other financial instruments. At the same time, in contrast to traditional banking institutions, Bilderlings does not use customer tools for issuing loans and finance their own activities.

The main advantage of the Bilderlings are high-class service and high service speed. If the opening of the account for the Resident of the Russian Federation is a foreign bank may take from week to several months, then carrying out a similar operation in Bilderling takes no more than one working day, and also does not imply the provision of a large package of documents.

Account holders in Bilderlings have the opportunity to accept and perform unlimited payments from around the world (more than 100 countries), as well as carry out operations on the exchange of euros, dollars and other currencies in the Interbank course (total 21 currency).

How about the Russian authorities

Simplification of the procedure for opening residents of the Russian Federation of deposits in foreign banking institutions can be regarded as loyalty by the authorities. At the same time, the outflow of funds from the Russian financial system is not welcomed by the government. Despite the legislation enshrined by law, foreign exchange operations can be considered by the FTS as potentially risky, which is why this issue is constantly under the control of tax authorities.

Is it profitable to have a bill abroad

What preferences gives Russians the opening of the contribution in a foreign bank? Get the answer including the statistics will help. In Switzerland, which is one of the most popular bank jurisdictions, no more than 60 credit and financial institutions have ceased their activities since the beginning of the XXI century, while in Russia only over the past 8 years there has been bankruptcy over 400 banks. At the same time, the Swiss authorities and the authorities of European countries respond promptly to the emergence of problem situations in banking institutions and immediately use effective tools to maintain banks on the afloat.

It should also be noted a guarantee of confidentiality, the orientation of foreign bankers for long-term cooperation with clients, an individual approach to each depositor and asset management quality.

Opening a foreign account in Bilderlings: Step-by-step instructions

To open an account in Bilderlings, the Depositor needs to be registered on the site, specifying the email address, phone number and access password. Further, the depository should be filled with an online form, after which it is possible to provide a minimum packet of documents in electronic form, which includes:

1. A copy of the passport.
2. A copy of the document confirming the place of residence.

Also, the depositor must send an electronic photo (Selfie) on which it is captured with his passport.

The opening of the account is carried out after the depositor provides all the necessary documents and takes no more than one working day.

Where you can get legal advice

You can get an exhaustive consultation on opening an account after registration at the Bilderlings Fintech platform. Each registered user is assigned a personal manager who is ready to respond to any financial issues.

You can also contact representatives Bilderlings by phone, email and social networks. Customer service is engaged in not Chat Bot or employee of the Count Center, but a highly qualified financial specialist.

Privacy Questions when working with account abroad

Bank secrecy legislation provides for ways to protect information communicated by the Bank by the Client. For example, it establishes responsibility for the bank employees for disclosing the data known to them, as well as restricting access to this information from third parties.

Despite the fact that banks pay quite a lot of attention to security issues when working as a client with a score, it is impossible to exclude the possibility of disclosing information as a result of incompetence or employee negligence. Such cases are rather rare, but no one is insured against them.

In addition, the client needs to promptly report the Bank's employees to change the phone number, email addresses, etc. Because the situation may be able to work out when the account owner is not available (does not respond to calls and letters), and the Bank needs to receive certain documents from it (for example, documents for the rationale for the payment). In this case, the Bank's employees may (for old memory) contact ITRoduelusor, who at one time helped the client to open an account abroad.

Currently, it is impossible to believe categorical statements of banks on confidentiality, since in the legislation of most countries for financial institutions is registered with the responsibility of "for a notion". And along with this, it is responsible for the notification of the client about the "denom." And if the Bank has a suspicion of the client's illegality of actions, a certain form is filled, which is sent to the competent authorities with the Bank's information about their suspicions.

Is it possible to follow the status of a company's account in real time?

To date, in connection with the wide distribution of Internet Banking, you can get timely and full information On the status of the account abroad, as well as about the movement on it. You can at any time convenient for the client, not only to learn information about the balance of funds on the account, but also to carry out any payment without a call to the Bank or the use of fax.

Recently, even the most conservative on this issue, Swiss banks meet their customers: they also provide access to the Internet banking system, however, as a rule, this happens with some limitations. Such a system is operating in the mode only: the client can monitor the state of his account abroad, but it cannot make any transaction.

How can I manage a bank account abroad?

There are several methods of remote account management in a foreign bank. For example, the method is "personally known", which is traditional for Switzerland banks, Luxembourg, Liechtenstein: bankers get acquainted with the client during his first meeting, and then receives instructions from him on the phone. In this case, the client is initially identified by code word, and in the future - by voice or other personal characteristics, a famous banker.

In addition, many banks offer other identification methods: faxes using special code tables, instruction encryptions, other coding devices. So, some Swiss banks ask the client to additionally call the bank to confirm the fact of sending a fax message.

At the same time, most customers have recently prefer to manage a bank account abroad with electronic management tools, performing international payments in On-Line mode with Internet banking. Clients are offered various options for the Bank-Client system: some banks offer customers to go to pay for payments to their personal page through the Bank's website, other banks offer the software that the client acquires from the Bank and independently installs on its computer, after which it receives the ability to control Account in a foreign bank using such a program.

Sometimes banks offer customers to additionally use email services: for example, to send copies of contracts confirming the transaction produced.

What tariffs are provided for investment accounts abroad?

Investment operations are an investment in various financial instruments (shares, bonds, derivatives, precious metals, etc.). At a meeting with the client about the opening of an investment account abroad, a representative of a financial institution will definitely offer to fill out a questionnaire, as well as ask a number of issues that will further help him give recommendations to the client regarding the profitability of certain investment programs and thus determine the choice.

There are two main types of bank account management in a foreign bank, which are divided depending on the investment preferences of the client. In the first case, the client gives his funds to the trust management of the bank. In this case, the mandate is signed on the management of client assets (Asset Management Mandate), and in the future the bank makes decisions on investing money itself. With such administration, the client almost does not make any operations independently, and the Commission for the Office is charged in the amount of from 1 to 5 percent of the amount of investment.

In the second case, the Client reserves the right to commit investment operations. As for tariffs for such operations, in all foreign banks they are approximately the same and depend on the amount of funds, the investment period, currency, such as the tool in which the funds will be invested as well as the issuer's credit rating. valuable papers.

The cost of servicing the investment account abroad is from 0.125 to 0.25 percent, and depends on the amount of the placed funds: the more the amount, the less commission. Thus, in the Swiss Bank, when placing five million francs, the Commission will be 0.25 percent of the amount, and in the event that the amount of funds posted on the account exceeds twenty million Swiss francs, the Commission may already be 0.15 percent. If the tools are invested in precious metals or coins, the Commission will be 0.20-0.25 percent, regardless of the amount of the funds raised.

There are exceptions: so if the drawn means are invested in the securities that the bank or banking group produces, in which it enters, the account of the account in a foreign bank may be free.

The total operation commission can range from 10 euros or 0.10 percent of the transaction amount and largely depends on the type financial instruments and "territorial" moment. In case the operation is made with traditional investment products (for example, shares) in one country, the commission for one transaction may amount to 0.2 - 1.1 percent of the amount of the transaction accomplished (again, the more the amount, the less commission). Otherwise, the Commission may reach up to 2.2 percent, depending on the amount, type of financial instrument and the country.

The value of the transaction can also affect the currency in which the account is opened and its yield. If the currency of the account abroad differs the main currency of the bank, the conversion will increase the commission. In addition, than the "profitable" currency, the higher the commission.

Banks that open settlement accounts often offer to open investment accounts. Accordingly, when choosing a bank to open an investment account abroad, it is not always necessary to navigate only on tariff attractiveness, it must first of all pay attention to the performance indicators chosen by the Bank's strategy and the investment portfolio banking tactics.

What plastic cards offer overseas banks?

To date, the main majority of banks offer their customers a credit card issue. In some banks, they can be obtained immediately after opening the invoice in a foreign bank. To do this, during an interview with a representative of the financial institution, fill out a corresponding statement. In other banks to the cards are presented special requirements, so you can get them only after some time after opening an account abroad. For example, in some Swiss banks, the release of the card is possible only if the client on the deposit constantly lies a certain amount.

There are various requirements for plastic cards In terms of insurance coverage, the amount of cash funds, tariffs for the release or on cancellation. In addition, there are payment limits: for example, the client can pay the card only on condition that the purchase price does not exceed the amount specified by the bank.

For the Russian banking user, the requirements (as to non-resident) when the card is released in a foreign bank can be very different from similar requirements adopted in Russia. This is explained by the fact that the Bank, when issuing a map, should provide for the cost of executing a court decision in the event of an overdraft on the invoice due to the unscrupulous behavior of the client. It turns out that the client is forced to have a significant insurance coverage, which is blocked on the account.

As a rule, size insurance coating It is tied to the limit of spending, which is significant (usually 10-20 thousand euros). For example, in Austrian banks, this ratio can be 1: 5.

But the situation is not so bad, since there are different types of cards. So, you can release not Visa or MasterCard, and associated companies: Visa Electron or Cirrus Maestro, for which you can spend all the funds on them. As a rule, such a card is tied to the current account, and the funds are not blocked. But such a map has both restrictions in use: for example, a day payment limit, and in addition, not all online stores accept payment by such a card.

Currently, in serious financial competition in western banks There is a steady trend of movement towards the wishes of Russian customers. Banks demonstrate a decrease in card service tariffs, facilitate the conditions for their release, and also offer non-standard bank products, for example, the design card for an individual sketch.

What is a "non-standard banking product"?

In some cases, to make certain operations or maintaining a company of its common activity The client together with the current accounting account requires additional banking products: Merchant Eccount (Merchant Account), brokerage account, an irrevocable deposit, a conditionally target deposit account, etc. Such tools can be used both in a bank in which the company's account is opened and in Friend foreign Bank. The client must first determine which product it is needed, and then find out if it exists in such a way in principle, and whether it is able to provide a specific bank.

Separate credit institutions provide the client to use some non-standard products immediately when opening a bank account in a foreign bank.

Each bank, having in its arsenal non-standard products, offers its own set of tools, and also establishes individual tariffs on them. It should be borne in mind that the cost of providing such services is likely to exceed the cost of a similar product in a bank specializing in the provision of such a tool.

Is it possible to use an unsigned residue?

There are various conditions under which it is possible to spend the costs of funds on account abroad as an uncompanied balance. At the same time, often the amount of the uncomplicated residue immediately enters the initial deposit.

As a rule, part of the initial deposit is permissible to use, however, there is a certain amount that "frozen" into account in a foreign bank. This practice is traditional for many savings banks. For example, in one of the Liechtenstein banks, the initial deposit is equal to the sum of the unsigned residue and amounts to 300,000 Swiss francs, and in the other bank of the same country the amount of the uncompanied balance is 100,000 Swiss francs, while the initial contribution must be at least 10,000 Swiss francs.

Some banks do not allow the expenditure of funds from the uncompanied balance under the threat of blocking the account. However, there are such banks that allow the client to spend the minimum residue. But at the same time they introduce additional tariffs. So, one of the Baltic banks does not charge the account maintenance fee, if the average monthly balance accounts for more than 100,000 lats, if this amount decreases, the bank takes from the client monthly amount For service.

In savings banks, as a rule, the minimum balance on the account is equal to the sum of the initial deposit. Depending on the policy of the Bank, it is permissible to achieve the established amount over a certain period of time, for example, from one to six months, when this amount is achieved, it becomes impossible in the future.

With some banks it is possible to agree, for example, about a one-time reduction of the residue for a certain period of time (in case it will urgently need large sum). Such a condition can be stated in a bank in advance, while specifying that the profit received after a while again falls on the account.

What are the requirements of foreign banks establish on the unsecured residue when opening an account abroad?

Banks opening accounts for commercial operationsUsually allow for resetting accounts. But there are also those who require a certain amount in the accounts of companies (size depends on the requirements of a particular bank). If the balance on the score abroad is less than a certain amount, the Bank reserves the right to establish an additional account for maintenance of the account. And in some cases and notify the client about the possibility of closing the account.

As for concrete amounts, the Swiss banks today establish the amount of an uncomplicated balance within 1,000,000 - 2,000,000 Swiss francs; Austrian banks - within 500,000 - 1,000,000 euros.

Banks specializing in settlement and calculation and savings accounts, as a rule, do not establish requirements for the availability of the balance. Thus, the requirement of the unmarked residue is absent in the Baltic banks. On the contrary, Austrian or Liechtenstein banks, opening settlement accounts, require the presence of an unsigned residue.

What are the requirements of foreign banks on the initial deposit?

The initial deposit is the amount that is submitted to the open account in a foreign bank in order to activate it. Most of the savings banks establishes the amount of the initial deposit to the equal amount of the abnormal balance on the account. At the same time, some Swiss banks offer customers their procedure for making these amounts.

Calculation banks establish a significantly smaller amount of the initial deposit than savings - as a rule, they do not exceed the amount in the amount of $ 5,000 or euros. At the same time, some banks allow us to further use this amount (for example, the well-known Danish bank), and other banks do not provide such capabilities.

Do foreign banks establish funds for funds for funds?

The establishment of a number of requirements for a potential client is the usual practice of foreign banks. When opening an account abroad, their employees voiced to customers with certain oral requirements, which may not be spelled out in bank documents. This applies to, for example, an agreement on the sum of the initial deposit, the size of the average monthly residues or permissible annual turnover.

As an example settlement bankThe requirement for customers requires a certain minimum annual turnover, take the well-known Austrian bank. The desired amount of annual turnover for his clients will be 30,000,000 euros. At the same time, if the annual turnover is less, the bank will charge an additional account for maintenance of the account.

Which bank is better to choose to open an account on an offshore company?

From the very beginning it should be borne in mind that the ideal account abroad in the bank does not exist, as there is no ideal bank, as well as the perfect client. That is why it is necessary to talk, rather, about the search for a bank, in which you need to open an account optimally suitable for the activities of the client.

If we are talking about opening an account in a foreign bank for commercial operations, it is assumed that the client will perform frequent operations on the line abroad. Therefore, in the first place, in this case, you need to choose the bank where there are no requirements for limiting the number of payments (incoming and outgoing).

Also, when choosing a bank, attention should be paid to where the procedure for opening a bill occurs geographically? Are there any requirements related to the introduction of the initial deposit and the existence on the account of the uncompanied balance? Work is working this bank With various currencies, including, for example, rubles? How much do you get the proposed tariffs and methods of account management? Are there Russian-speaking employees? Are there any recommendations? As well as how difficult it is the procedure for opening an account.

What is license banks in foreign banks?

Some banks are allowed to open license invoices: in details such an account does not indicate the name of the company (for corporate accounts) or the name of the owner (for personal accounts). On the bank card Specifies only a set of numbers. However, this does not mean that the bank is unknown by the client, because in anyone (!) Case when opening an account in a foreign bank, the Client is obliged to inform the name of the beneficiary and provide a copy of his passport.

Nutrition accounts first appeared in Switzerland. And although such an account abroad is associated with the name of a particular person (the beneficiary), his personality remains for all the absolute secret, affordable only to individual employees of the bank who has discovered. The number accounts in foreign banks have another advantage: that they provide complete confidentiality. bank Translations. When writing off money from the number account, the receiver's bank sees only the account number, but it should be borne in mind that some European banks refuse to work with license accounts. And in this case, the amount sent from the number account may return to the sending bank.

The number of the same rules as to other bank accounts are distributed on the number accounts abroad. And in certain cases, information constituting bank secrecy can be disclosed (for example, in the framework of the fight against money laundering). We believe that at present the use of license number accounts is not advisable, in addition, banks offering such services remained extremely small.

Number account abroad should not be confused with an anonymous account. Confusion about the existence of anonymous accounts for some reason still exists. Apparently, the fact is that at one time some banks opened accounts to customers on the Internet only on the basis of the provided copy of the passport. And it often turned out that in the bank sent a copy of the passport of one person, and the score was completely different from his behalf (in fact anonymous).

Of course, now the situation has changed radically, and all banks have ceased the practice of such a correspondence opening an account abroad. Today, bank employees, as well as professional intermediaries involved in the procedure for opening an account abroad, certify the authenticity of copies of the passports provided in the presence of their owners.

What is the difference between the savings (investment account) from the settlement account in banks abroad?

The current account in the overseas bank is intended for transit operations. The owner of such an account manages its own funds without restrictions, exercises any payments not prohibited by law and complies with the requirements for providing copies of confirmation documents (contracts) to a bank in case a one-time payment exceeds some pre-agreed amount with a bank or is not typical for this client.

In turn, a savings account in a foreign bank is intended for the accumulation of funds, this is, in fact, "Piggy Bank". Transactions in this account are minimal: from three to twenty per month, depending on the conditions established by a specific bank.

Therefore, it is quite obvious that the opening of the current account will be appropriate for the company serving as a calculated tool, and the savings account will be convenient for the company's accumulation tool.

What can banks "specialize"?

Each Bank has its own specialization. Some are focused on the preservation and increase in capital, others - to perform a large number of transactional operations. For these criteria, all banks can be divided into two categories: savings and calculated.

About 70% of the banking services market occupy savings banks. These include banks of Austria, Liechtenstein, Luxembourg and Switzerland. As a rule, they set a high uncompanable balance on the account and limit the number of calculated operations. Banks that provide settlement services, as a rule, do not impose requirements for accounts on accounts and are mainly located in Scandinavian countries, Hong Kong, Singapore and the United States.

There are also banks that do not limit their activities in any direction: they are engaged simultaneously with calculations, and investment management. These include, for example, the Baltic banks.

How reliable are foreign banks opening an account abroad?

Under the reliability of the Bank, its ability to fulfill its obligations to customers to a specific date. This characteristic can select multiple criteria. First of all, attention should be paid for the year of the base of the bank. For a bank with a three-year history, insolvency is unlikely.

In practice, cases of bankruptcy authoritative banks lead to the fact that such collaves serves as a new impetus for their development. And as an example, the Barings of the English Bank Barings, which went bankrupt as a result of speculative operations of one of its Singapore manager as a result of speculative operations of one of its Singapore manager, who was playing the course of Japanese yen. As a result of Barings, the losses in the amount of $ 1,400,000,000, this amount is more than twice equity bank. And such losses, of course, led the bank to the bankruptcy procedure. But soon Barings was bought by a major Dutch banking group ing.

At one time, among clients of Barings were Queen Elizabeth II and Prince Charles. And this may indicate another important criteria - a client base. A serious financial institution, even with numerous debts will not "die": Most likely, he will be acquired by another large bank. As a rule, the change of shareholders does not affect the interests of customers, unless the Bank's policy is not changed. For example, when the opening of the accounts of a certain circle of clients (Russian audience) may be discontinued. Such precedents met in the practice of the work of some foreign banks.

The location of the bank can also talk about a certain reliability. For such a criterion, you can designate, for example, the reliability of European banks as one hundred percent. Another important point is the amount of compensation paid by the Bank within the system of state insurance of deposits in the event of bankruptcy. In some countries, this amount is recorded in legislation, in other clear limit it is not provided, and the amount of compensation is determined depending on the amount of funds in the account abroad.

What does the reputation of a foreign bank depends?

For any foreign bank, the reputation is reputation: people are usually interested in opening accounts in reliable banks with a high credit rating. Even foreign partners of the company often declare that the company's account should be opened in a foreign bank with a high rating category to carry out specific operations.

The reputation of the bank consists of several components. First of all it is a story: how long does this bank exist? Thus, the Baltic banks were founded only at the end of the last century, and most Swiss banks have a rather long history (often more than 200 years). The bank's reputation is also partly determined by the number of employees working in it. For example, in the largest bank of Switzerland and in its branches scattered around the world, about 70 thousand employees work, and in one of the American banks located in Seattle, only twenty-four people work, however, at the same time they speak for eighteen (!) languages.

Affects the reputation of the bank and the number of its offices. However, it should be remembered that a large number of branches of a bank is not always a guarantee of the convenience of working with it. For example, one of the largest English banks has several thousand branches around the world and works under the slogan "Your Local Bank". In reality, practice shows that it opens accounts from Russia with great difficulty, and not in each of the foreign branches.

What foreign banks open accounts to offshore companies and individuals?

Recently russian market Banking services (opening accounts in foreign banks) is quite abused. More or less actively with customers from our country there are about a hundred twenty banks in Europe, Asia and America.

The most important characteristic of a foreign bank, serving one of its reputation criteria, is a geographical location. As a rule, it is the location of the bank primarily interested in customers aimed at opening an account abroad. However, one should not limit the choice of a particular bank alone by a country's reputation or the fact of finding business partners in this state. This may lead to an incorrect decision, because as a result will have to work with a bank that is not responding. necessary requirements. For example, you can face a fairly high cost of banking services, "prejudice" before the jurisdiction in which the company is registered, as well as the mentality of bank employees, differing from our Russian approach to working with banks.

Of course, the geographical location of the bank should be considered, but the priority criterion should still be the right functioning of the account and the proper specialization of the bank.

Procedure for opening an account abroad

When can a bank account in a foreign bank be closed?

If the bank has suspicions that the essence of payments does not comply with the initially declared nature of the company's activities, the account may be blocked for later clarification of all the circumstances.

In addition, the Bank will hardly agree with the fact that the same phrase will always appear in the "appointment of payment": "replenishment of funds on the account." In this case, you need to be prepared for the fact that the bank will ask to provide him with a documentary justification of any payment.

It should be borne in mind that some banks are sufficiently unpredictable in their actions in cases where we are talking about the termination of the service of the client account for any other reasons. First of all, this concerns US banks who have a client notification practice with a requirement to close the account within a week without any explanation of the causes of such a decision.

Under what circumstances can it be denied the opening of an account abroad?

The client may be denied the opening of an account abroad due to the fact that he declares such a company activity that does not suit the bank. It is also not recommended to indicate that the company has more than one type of activity. If you still have to specify several species, then they must all be "interdependent" (for example, trade in grain and import of agricultural machinery).

There are cases when companies have to declare several types of activities (for example, investment operations and coal trade), in this case it is necessary to clearly prescribe when opening an account in a foreign bank, or ... to purchase several companies and open a separate account for each .

In addition, such a type of activity as "financial intermediation" should not be indicated: in this case there is no bank that will open.

In which countries and how many accounts can be discovered on an offshore company?

There are practically no restrictions on the number of accounts, there are practically no restrictions on jurisdictions in which it is possible to open accounts for offshore companies. If only we are talking, for example, about registration of the insurance company and making insurance coverage in a certain authorized bank. But it will be rather an exceptional case.

Many jurisdictions do not establish a mandatory requirement for opening accounts in banks at the place of domicile, that is, "registration" of a particular company: no obligation to have an invoice in the foreign bank of the same jurisdiction in which the company is registered. This applies to all offshore jurisdictions, as well as the Great Britain, New Zealand, Cyprus, etc. But, at the same time, such an order is obligatory in Switzerland, the Netherlands or Austria.

If the company has several accounts in various banks, and at the same time, it is obliged to pay tax at the place of registration, for the company there is a duty to provide bank statements from all of their accounts when applying.

What documents are required to open an account in a foreign bank?

First of all, an apostyled kit of corporate documents of the company itself is required to open an account abroad, and with a fresh date on an apostyle. If the company is not new, then additional documents will be required: Certificate of Good Standing (Certificate of Good Standing), which is an analogue of the Russian discharge from the EGRUL, and the certificate containing information about directors and shareholders of the company (Certificate of Incumbency). It is also necessary to provide resolutions on the appointment of directors, the issue of shares, the certificates themselves and the trust declaration.

The client must present the general passport of the Russian Federation and foreign. As the passport period expires, the Bank may ask to provide a copy of a new passport. In addition, copies of the passports of the director, the attorney, shareholder and the beneficiary of the company, as well as the confirmation of their accommodation address (PROOF OF ADDRESS) are provided. For citizens of the Russian Federation, in this case, as a rule, it is enough to provide a copy of the page from the passport with a mark on registration at a specific address. An alien client in the passport does not indicate the place of residence, and the bank in this case requests, for example, copies of telephone accounts or bank extracts that came to his name at its address.

In some cases, foreign banks are asked to provide them with recommendation letters from any other bank or recommendations from a business partner. And the recommendations should give a solid "recognizable" foreign partner on behalf of the company, which really exists (in no case from the same offshore!), With your business, with the ability to find a company in the relevant reference books, on the Internet, etc. The recommendation should be on the form and contain details of the organization issued. The signature of the person who issued the recommendation must be deciphered.

Each Bank establishes its requirements related to the assurance of copies of the documents provided. In most banks, simple copies of documents are certified by a bank employee, however, in some cases, banks require copies certified by a notary or, for example, asking for consideration and examination of the original documents for a certain period.

How is the interview with a banker?

Is it necessary to visit a foreign bank when opening an account abroad?

In most cases, to open an account in a foreign bank, there is no need to go to Switzerland, Liechtenstein or, for example, Latvia. It is quite enough for a personal meeting with a representative of the bank in Moscow. However, in the case of Singapore, Hungary and some other countries, to visit the Bank must.

There is another practice: in some banks, employees of the head offices themselves reveal the desire to meet the client to open the account in Russia or in any other European country.

Is it possible to open an account in a foreign bank without a personal presence?

The procedure for opening an account and customer requirements in various foreign banks may differ significantly, but there are some general rules. For example, the Client is obliged to personally come to a meeting with a representative of the Bank or to the Office of a Law Company (in the event that the Bank has an agreement with this company for providing such services), having a full package of the required documents of his company. As a rule, it is necessary for the personal presence of at least the future account manager, and as a maximum of the authentic owner of the company. The meeting is usually present and a lawyer representing the interests of the client (T. N. "Introdyuser").

In the event that the name of the account of the account and the name of the beneficiary does not coincide, the bankers necessarily require a personal meeting with the beneficiary. Moreover, each of them (and the managing account, and the beneficiary) must provide detailed information about himself and its business. In the banks perfectly understand that the score opens to a new company, but, in addition, there also imagine that there is always some real long-term business for each company.

What is the procedure for opening a corporate account?

Today, the procedure for opening an account in foreign banks, traditionally serving offshore companies, has complicated significantly. First of all, this is due to the fight against terrorism, laundering of "dirty money", corruption, illegal business, which turned around in the world in recent years.

In addition, the tightening of requirements for customers is caused by the reform of banking systems of European states recently included in the European Union and designed to follow its directives in the banking sector. Clients now need to provide more detailed information about all persons involved in the corporate structure, on the company's activities and the purpose of opening an account.

Who has the right to dispose of the company's accounts?

Only a person who has authority can open the company's accounts in foreign banks, dispose of them and close. Firstly, this is the director of the company, and, secondly, the company's attorney is a person who has a power of attorney with necessarily prescribed in it the right to open and closing accounts.

The Bank stores all information about such a person: copies of his passports signed by them bank forms. In the event of a change of the account manager, the client is obliged to inform the Bank about this and make a procedure for changing the manager in accordance with the Procedure provided for in this Bank.

In which currencies can be opened in a foreign bank?

Banks are allowed to open accounts in various currencies: mainly in dollars and euros. But it is possible to open accounts and pounds sterling, and in Swiss francs, and somewhere in rubles.

Technically, it looks like this: one multicurrency account opens or several accounts, with its own number for each currency. Of course, you can always send to the bank payment order The transfer of funds in a currency that differs from the currency of the account itself. In this case, the payment will be performed on the inner course of conversion, which exists in the bank, on the day of payment.

What is better: open an account on your name or company?

Banks do not open personal accounts for the customer of commercial activities: business interests and personal financial interests should be clearly delimited. At the same time, there is always the opportunity to translate the profit-distributed profit to a personal account provided that it is the owner of such an account is a genuine owner of this business.

Technically, there are no difficulties in the personal account of the individual in the personal account of the legal entity. They may arise, for example, the sender bank or the recipient bank in the event that any suspicion arises. In this case, issues related to the source of origin can be asked. For credit and financial institutions, due to their obligations assigned to them to counter the legalization of income obtained by criminal, the legislation establishes the obligation in such cases to ask this kind of issues. Movements in the field of an individual should not have signs of regular entrepreneurial activities, such transactions of banks are tracked quite intently.

As a rule, personal accounts are opened in Switzerland banks, Austria, Luxembourg. And this is usually the account of the accumulative (investment) plan. "Pass" to the bank in such situations can be served in the account of an uncompound residue, for example, from five hundred thousand to half a million dollars (depending on the requirements of a particular bank). It is assumed that over time this amount will increase.

In some cases, the corporate account abroad can perform personal account functions. For example, you need to purchase real estate and make it not for yourself personally, but on a controlled foreign company.

Citizens-residents of the Russian Federation are obliged to notify tax authorities At the place of its accounting on the opening of a personal account or deposit in a foreign bank within a month after such a discovery. For violation of this requirement is the responsibility in the form of administrative fine. With regard to foreign, including offshore companies, the need to notify the tax authorities on opening an account in a foreign bank is not provided.

Privacy Questions when working with foreign banks

When a foreign bank can disclose information about the client?

The possibility of accessing third parties to the information on the client provided to the Bank when opening an account in a foreign bank is regulated as international legal actsand national laws on banks and the banking system. The algorithm for the provision of information about the client and the composition of its assets in relation to the banks of foreign states is: access to relevant information is possible only on the basis of the decision of the local court (prosecutor's sanctions).

The Local Court decides on the provision of information in the event that the International Prosecutor's Office of the Russian Federation has been sent an international investigative order within the framework of the criminal case initiated in Russia. At the same time, a decision on the provision of information, the local court can take out only if the criminal case is established under the article, which is considered criminal and in the country of finding the bank. So, for example, in Switzerland, tax evasion is not considered a criminal offense, respectively, if the criminal case is established in Russia under this article, then the information on this request will not be provided.

What are the criteria for determining suspicious transactions?

Each bank determines the individual criteria of suspicion, but at the same time they mainly depend on the numbers (the amount of operations, their size, frequency, multiplicity, etc.). Therefore, when opening an account abroad, it is necessary to prove the relevant criteria as much as possible with the representative of the Bank, and in the case of any changes in the nature of the movement of financial flows, it is necessary to install the bank about this. It will be the most favorable way to build relationships, which, of course, will be appreciated by bankers.

If banks suspect or have reasonable grounds to suspect that the funds in the account are income from criminal activities or are associated with the financing of terrorism, they are obliged to immediately report their suspicions to the relevant financial intelligence units.

Currently, international legislation seeks to unify legislation relating to the disclosure of bank secrecy

The group of development of financial measures of the fight against "laundering" of money (FATF, FATF) - an intergovernmental organization engaged in the fight against capital laundering and financing of terrorism - in 1990, a document was developed, known as the "forty recommendations of the FATF", to which were subsequently added Nine recommendations. The provisions of this document were implanted in the banking legislation of most economically developed countries and are currently serving the development of the global banking sector.

What does "bank secrecy" mean?

Banking secrecy is the information that the credit organization becomes known as a result of its professional activity. It includes information about bank deposit, Operations on the score, as well as information about the manager and the authentic owner of the account.

In Russian legislation, the legal regime of banking secrets is established by Article 857 Civil Code and federal laws "On banks and banking activities"And" On the Central Bank Russian Federation (Bank of Russia). " The law "On banks and banking activities" prescribes bank secrecy as information on operations, accounts and deposits of clients and correspondents, as well as other information established by the credit institution that does not contradict the law.

The circle of persons associated with the banking secret can be divided into two groups: this is, firstly, the owners of banking secrets (customers whose commercial interests are defended by the Banking Secrets Institute, as well as the credit institutions themselves who receive this kind of information to fulfill their obligations. ). Secondly, these are users of bank secrecy (persons who have access to bank secrecy due to the specifics of their professional activities: tax, customs, Prosecutor's Office, etc.).

The concept of "banking mystery" is currently under the influence of the fight against terrorism, legalization (laundering) of money lost the meaning in which it existed earlier. Already all developed countries have been prescribed in their legislation the opportunity and a detailed procedure for accessing banking information for fiscal, tax and law enforcement agencies. In addition, an exhaustive list of persons who have the right to claim a credit institution information constituting bank secrecy, as well as ways to obtain such information.

Today we live in global information space, and often information is a key product that is of great interest. And in this sense, banking secrets, as well as guarantees of its observance of washed with all sorts of rumors. When it comes to the fact that the bank "merges" information should be understood that this is definitely the echoes of illegal actions.

Since the bank is, first of all, commercial organization, the main purpose of which is to extract the profit, he cannot undermine his reputation, distributing information to the right and left, thereby scringing customers. And every bank by all possible methods will prevent information issuance. That is why the law establishes a completely clear legal procedure, as a result of which information can be affordable only to a certain circle of persons.

Nevertheless, the conclusion that suggests itself: In connection with the fight against terrorism and money laundering, access to information for tax, law enforcement and other bodies has significantly expanded. In this regard, a reasonable decision seems to agree with the existing situation, accept it and learn how to work in the established conditions.

What is Due Diligence (DD)?

In the national legislation of any country, the duty of banks is prescribed when opening an account abroad to take measures to properly verify customers (DD), including identification. Among these measures - customer identification and confirmation of his personality using reliable, independent primary documents, data or information.

First of all, this concerns the definition of the true owner of the company (beneficial ownership): Who owns the right of ownership? Who and how does the company control? Then we are talking about obtaining information disclosing the main activities of the company and the estimated nature of its business relations.

Quite often, banks collect additional data on the client: for example, marital status and presence of children. Similar information is essential when planning long-term relationships With the bank: there the Bank is trying to determine in advance who will become the heir to the cash stored on the score. Sometimes this information is used as an additional coded key when identifying the client.

In the future, the Bank on a permanent basis carefully analyzes the transactions committed by the Client, ensures that the conclusions of the transactions meet the declared client nature of the activity, as well as its business activity, the nature of risks, etc.

In addition, local laws are prescribed to filling out the beneficiary declaration, without which today it is not possible to open an account in any foreign bank (for example, in Switzerland, this "Form A" - Identification of Beneficial Owner).

Foreign banks are different for the implementation of the Due Diligence procedure. For example, there are banks that offer the client to provide information on their activities in free form (there will be enough company prospectus). At the same time, some Swiss banks check the client through independent bodies - detective agencies (what is notified by the client in advance). One clearly exactly exactly - foreign banks prefer to work exclusively with "transparent" customers.

After simplifying the procedure for opening accounts abroad, taking into account instability russian economyOur compatriots have become actively interested in the possibility of translating part of their funds to foreign banks. The procedure for opening an account in a foreign financial institution is quite complex. There is a number of questions: in which country can you open accounts how to choose a bank how to transfer funds, what documents will require foreign financiers and, finally, how reliably this placement of funds? We will try to answer all questions in this article.

Avoid misunderstandings

Many Russians mistakenly believe that branches (representative offices) of foreign banks can be found in Russia. In most cases, Russian bankers are guilty of this delusion of the population, which actively advertise the belonging of their organization to the international group. In fact, foreign banks do not work on the territory of the Russian Federation. Turning, for example, in Raiffeisenbank, you contact the subsidiary of the Austrian financial group, whose activities are regulated by the Central Bank on the basis of the license issued by him and russian legislation. Consequently, from the political and so-called "country" risks, you do not protect yourself. Affiliated companies They cannot be compared in terms of reliability with their "mothers", and in order to open an account in a foreign bank, as a rule, it is necessary to visit the country in which his head office is located (for example, Austria, if it comes to Raiffeisen Zentralbank).

Can a Russian open an account abroad: legal framework

Ten years ago, to open an account abroad, a citizen of Russia, permanently residing in the territory of the Russian Federation, was required to be a special permission of the Central Bank, which was very difficult to get. Now the procedure has been significantly simplified. Federal Law "On currency regulation and currency control"(Article 12, paragraph 1.) Allows all resident residents without restrictions to open accounts in foreign currency in banks located outside the territory of the Russian Federation. However, some categories of citizens will still not be able to become depositors of foreign banks - the full list of categories is listed in Law No. 79-FZ "On the prohibition of individual categories of persons to discover and have accounts (deposits), to keep cash and values \u200b\u200bin foreign banks located outside territory of the Russian Federation "dated May 7, 2013

About how in practice the opening of accounts is carried out, we will tell more detail.

Procedure for opening accounts in foreign banks

A personal account in a foreign bank can be discovered only to save funds, private investments and subsequent expenditures: use an account for entrepreneurial activities is prohibited. The deposit procedure usually takes from 1 week to several months. In this case, you can choose 1 of 2 ways:

1. Personally, come to the country and visit the bank, taking a necessary package of documents with you and filling out registration forms in a foreign language. The bank will check all the data and then inform the foreigner about the possibility / inability to open an account.
2. Contact mediators. There are many companies that for a certain fee (its size ranges from 200 to 12,000 dollars) will help to open an account abroad. To work with intermediaries, a potential depositor will need to provide certified samples of their signature. You can assure the signature or in the consulate of the state in which the bank is located, or in a subsidiary, located in Russia (if such exists).

It is important to consider that some banks refuse to open accounts if they do not communicate with the client at least by telephone (Credit Suisse) or will not meet in Moscow (Deutsche Bank, International Bank of Luxembourg, LGT Bank). Raiffeisen Zentralbank insists on an interview with a representative of the Bank and providing 2 recommendatory letters from foreign partners of the private depositor.

British banks apply the most difficult procedure. A foreigner may require a lot of additional documents, for example, a recommendation on the reliability issued by the Russian Bank; paid billing accounts for utilities in which the actual address and surname of the depositor will be recorded; recommendation letter from the employer, etc.

Replenish the account, open in a foreign bank, can be either in cash or cashless payment. Cashless translation is impossible without providing domestic Bank Notifications of opening an account in a foreign bank with a marking of the tax inspection and a certificate of tax registration. When replenishing a cash account, in a foreign bank you will be asked to provide documents confirming the legality of the origin of the currency.

You can control the score in a foreign bank through:

• courier mail;
• facsimile;
• internet banking;
• bank card;
• checkbook.

Banks protect the means of their depositors, inventing special codes, ciphers and creating selected, protected communication channels.

We see that the process of opening accounts abroad cannot be called simple. Next, we will tell you what to pay attention to when choosing a bank, and which package of documents may be required.

Minimum list of documents for opening an account in a foreign bank

Choosing foreign BankFirst of all, it is necessary to know how the deposit insurance system is working in the country that you are interested in: the principles of the operation of these systems are united worldwide, but insurance sums may differ significantly. You should also clarify which documents will require a bank to open an account (you need to choose credit Organizationwhose requirements you can perform). As a rule, the minimum list includes:

• income certificate for 6-12 months, certified by the tax inspectorate.
• notarized copies of the passports of the depositor and his spouse (spouse).
• help about the composition of the family.
• receipts on payment of utilities.
• a certificate from the police that a citizen of the Russian Federation does not have a conviction and is not under investigation.

If you have an open account in the Russian "daughter" of a foreign bank, you can contact the manager of this institution with a request to help in making an account: the existing links between the parent and the subsidiary will help speed up the process. Help with the opening of the contribution can the Private Banking segment manager: it not only recommends reliable bankBut also prompts which documents should be prepared. His services will not need to pay, and at the same time he will be able to provide you with an exhaustive consultation.

Note, minimum amount The contribution and the uncompressed residue on it, established by the banks of Europe and the United States for foreigners, is 50-300 thousand euros (US dollars). However, in offshore and Baltic banks can be discovered in the amount of 100-200 euros (US dollars). Additionally, we suggest familiarizing yourself with the average interest rate interest rates in foreign banks.

And in conclusion, we want to mention one feature of the ownership of a score in a foreign bank - according to paragraph 2 of Art. 12 FZ "On Currency Regulation and Currency Control" every citizen of the Russian Federation must notify the tax authorities at its place of accounting on the opening of accounts in banks located outside the territory of the Russian Federation. At the end of each year will have to provide information about the balances on such accounts to the tax inspection. For violation of the norm of the law, a fine of up to 5,000 rubles is provided.

The crisis in the economy causes people to look for alternative ways to preserve capital and business development, including abroad. That is why ordinary citizens and companies are increasing more often. This procedure is not easy, requires certain knowledge and is solved in two ways - personally and through the mediator.

Why do you need it?

Causes of opening an account in a foreign bank are different :

• Preservation of capital.
• The desire to hide the income from the tax inspectorate of the state.
• Establishing cooperation with partners abroad (for companies).
• Getting more flexible conditions for conducting international business.

Before opening an account in a foreign bank , decide with the tasks. Based on the goals set, the country and institution is selected (about it below).

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Open an account in a foreign bank: what pluses?

Opening an account in a foreign bank guarantees the following benefits. :

• Guarantee of investment preservation. The main thing is to give preference to countries having a stable economy.
• Data confidentiality. The account in a foreign bank is reliably protected from outsiders, because for foreign credit institutions in the first place banking secrecy. The deviation from this principle entails reputational losses.
• Obtaining favorable conditions lending. Foreign banks loyally relate to regular customers and offer more flexible conditions than in domestic organizations. Such a feature is plus for legal entities that need additional financing.
• The accumulation of funds by opening a deposit. Despite low interest ratesDeposits in foreign institutions are in demand. First of all, thanks to reliability.
• The ability to open a credit line at a much better rate than in Russian banks.
• Ease of design. Open an account in a foreign bank online or personally is not difficult. The option is available for individuals and companies.

What account to open?

There are three types of accounts in a foreign bank:

• Estimated (trading) - Option for legal entities (companies). Appointment - financial activities, making payments. Preferred is worth specialized agencies where it is proposed minimum Commission on transactions. Legal and individuals can open an account in a foreign bank online and control them remotely.

• Investment (savings) - Option for individuals whose goal is to preserve and increase capital. Deposits are short and long-term. Conditions differ and depend on the bank or the type of deposit - for normal storage or under investment activities. In the latter case, risks and interest above. Before How to open an account in a foreign bank, Choose institutions engaged in attracting capital from individuals.

• Private - A service intended for saving funds. Such accounts are suitable for personal savings and are not used to conduct business activities.

Opening an account abroad: step by step

The main question is: how to open accounts in a foreign bank? Algorithm such :

1. The choice of state.
   Today there are three directions - the Baltic, European and Asian. Baltic credit institutions Different favorable rates On RKO and the simplicity of the procedure. European banks take funds for a long time, and the costs of RTO are higher. The institutions of the Asian direction opens accounts if there is a business in the country. Also, he also enjoyed the opening of accounts and translating capital to England, but in the light of the exit of this country from the European Union of the mood changed a bit, as the rebuilding of the economy is coming to a new way, which will certainly lead to a change in service conditions.
2. Choosing a bank. Landmark when choosing:

• Reliability.
• Tariffs.
• Requirements for non-residents.
• Conditions of replenishment and output of money.

1. Submission of applications and securities. To open an account in a foreign bank, Document package is transmitted:

• Statement.
• Copies of papers confirming the identity of the client.
• Recommendation letter from banks.
• Constituent paper companies.

Transmitted papers must be certified and translated. The exact conditions should be specified in the bank.

1. Tax Inspection Notice.
   Once the account in the overseas bank is open, you need to place and send the appropriate notification and receive confirmation. The tax inspection document is needed to transfer money to an overseas bank.

Deadline for opening an account abroad - Usually about seven days from the date of receipt by the banking institution of all securities. With urgent design - up to 4 days.