Bank Julius Baer & Co. Ltd. (Hong Kong)

Opening an account for individuals and legal entities - free of charge.

The minimum amount that must be stored in the account is 1.2 million USD (assets or different currencies). The client must invest this amount within 6 months after opening the account. If the amount is less, the choice of financial products to use will be limited.

The Bank is present in more than 25 countries: Switzerland, the United Arab Emirates, Germany, Hong Kong, Great Britain, Luxembourg, Italy, Monaco, Uruguay, Russia, India, Singapore, Japan and others.

By phone and e-mail.

It is also possible to appoint trustees for access to accounts (there may be a full power of attorney, a power of attorney only for applications, a power of attorney for information, etc.).

There is Internet banking in the bank, but is used only to view the portfolio.

Any money transfer operation must be confirmed by voice.

Service tariffs depend on the volume of investments and can be revised for each client separately.

See standard bank tariff here.

The procedure of opening the account consists of two stages: the preliminary stage and final stage of opening an account.

The preliminary stage includes the process of collecting and filing your documents, which are required for opening an account. The terms of preliminary stage depends wholly on you.

The process of reviewing documents and opening an account with a bank takes about 4 weeks from the moment the documents are submitted to the bank.

Bank Julius Baer follows the «know your client» principle and therefore you may be requested to provide any additional information or documents concerning the procedure of opening the account that may take additional time, as well as refusing of account opening without reasons explanation.

Working languages: English, Cantonese, Russian, Ukrainian, Polish, German, etc.

Most bank confirmations must be in English.

Do not release.

Money management (trust or advising), stock holding, pawnshop.

The bank has all the tools for Forex - forward, options, spot, DCI (dual currency investment)/structured product.

Forms for signing are provided at our office or at a personal meeting with a bank representative.

Documents for the company - need a complete set of registration documents of the company, Certificate of Incumbency under apostille and scanned copies of the documents by nominees faces - shareholders, directors and secretaries.

In addition, it is necessary to provide for the company: 

- information on open accounts;

- business plan;

- extracts from accounts opened with other banks.

Documents on the company attorney (beneficiary):

- original of national passport;

- original of foreign passport;

- utility bill not older than 3 months or bank recommendation indicating the address of the attorney (beneficiary);

- CV-resume with the obligatory indication of information about the business and the origin of funds;

- documents confirming the source of funds. It can be:

documents confirming the ownership of shares of other resident companies;

ownership documents (extracts from the register of ownership of movable/immovable property);

statements from the beneficiary's accounts with other banks (placement of deposits, information on balances);

tax returns and other documents confirming the source of funds of the beneficiary.

You must visit our office to fill out a questionnaire, as well as a preliminary check of documents for the company, the attorney (beneficiary). Documents are sent to the bank for verification and compliance.

A meeting with the bank manager is mandatory, it can be held before, during or after opening an account, the meeting place is by appointment (you do not need to fly to Hong Kong).

www.juliusbaer.com