Consulting on account opening with an international bank

• preliminary analysis of the case: we help the client choose the right bank and analyze the case from the bank’s perspective, define its strengths and weaknesses, risks, and explain them to our client
• advising the client in completing the forms for account opening: we recommend how to present the information favorably, which aspects to describe in detail, and which issues to highlight
• advising the client in preparing the package of documents KYC: we help our client to prepare information about the origin of funds and the package of documents according to the bank’s requirements
• assistance during communication with the bank and preparation of answers to additional questions

Most banks require evidence of substance: a physical office, local directors, etc. 

At the same time, some banks in countries like Switzerland, Liechtenstein, Austria, and Luxembourg are still prepared to serve non-resident companies. These banks fall into two categories:

• banks focused on asset management: such banks expect the client to place assets under management with the bank of at least 500 thousand EUR;
• banks focused on payment services that do not require the assets under management. Since these fewer banks bear higher risks serving non-residents, the cost of their payment services is higher.

As a rule, the account is opened within 6–12 weeks, depending on the complexity of the case.