MBaer Merchant Bank AG is a Swiss commercial bank founded by Michael Baer in 2018. The bank has a history associated with the Julius Baer Group as its founder was a board member of the group.
The bank positions itself as a financial institution for entrepreneurs, companies and their families. Main activities: Wealth Management, Corporate Banking and Private Office Services. All services are based on an individual approach and solutions.
The headquarters is located in Zurich.
OPEN ACCOUNT IN MBAER BANK SWITZERLAND
Personal, corporate, investment.
The Bank does not open accounts for companies established in the form of LP/LLP and in offshore jurisdictions.
Mbaer works with currencies such as: CHF, USD, EUR, CAD, GBP, YEN, SGD, but is not suitable for bulk payments (limited to 20 payments per month).
The Bank does not have general tariffs for clients. All tariffs are formed separately for each client after studying his profile.
None.
Modern online banking.
The process of opening an account consists of two stages: the preparatory and the immediate stage of opening an account.
The preparatory stage includes the collection and submission of documents necessary for opening an account, preparation and signing of forms, sending documents by courier to the main office of the bank. The term of the preparatory stage depends directly on you.
The process of reviewing documents by the bank and making a decision to open an account takes up to 1 month from the moment all the necessary documents are submitted to the bank's main office and a video conference is held with the manager.
Mbaerbank adheres to the “know your customer” principle and in each individual case reserves the right to request additional information or documents, which will lead to an increase in the time for opening an account, and may also refuse to open an account without giving reasons.
Working languages: English, French, German, Russian.
Visa. Spending limits are set. One client can have no more than 3 cards.
Asset, investment and risk management, discretionary mandates, loans, deposits, wealth planning.
Documents for the company - it is necessary to provide originals of all statutory documents. Additionally you will need:
- description of the company's activities;
- Certificate of Good Standing under an apostille (if the company is more than 1 year from the date of registration);
- Certificate of Incumbency under an apostille (if the company is more than 1 year from the date of registration);
- financial statements for the last three years (if available) / or account statements for the last three months.
All company documents must be notarized.
Documents for the account manager:
- original internal passport;
- original passport;
- a notarized copy of the internal passport with a notarized translation into English;
- a notarized copy of the international passport;
- CV-resume;
- original bank recommendation;
- original utility bill (for gas, electricity) no older than 3 months (to confirm the address of residence).
Documents for the beneficiary of the company:
- original internal passport;
- original passport;
- a notarized copy of the internal passport with a notarized translation into English;
- a notarized copy of the international passport;
- CV-resume;
- original bank recommendation;
- original utility bill (for gas, electricity) not older than 3 months (to confirm the address of residence);
- documents confirming the source of income (wealth) of the beneficiary. It can be:
a certificate from the place of work indicating the salary and an extract from the personal account, which displays the payroll;
tax returns;
documents confirming the receipt of the inheritance;
documents confirming the receipt of funds as a gift, as well as their presence in the accounts;
documents confirming the sale of movable / immovable property;
if the beneficiary is the founder of the company - documents for the company, statements from the company's accounts, tax returns, documents confirming the payment of dividends;
if the beneficiary is a private entrepreneur - an extract from the register, tax returns for the entrepreneur, bank statements;
a certificate from the bank on the presence of a deposit, as well as documents confirming the source of receipt of these funds;
other documents showing sources of income.
Documents for a nominee manager, secretary (if the company uses a nominee service):
- a notarized copy of the passport (if the face value is an individual);
- a notarized copy of the utility bill or ID-card (the address of residence must be indicated) (if the face value is an individual);
- notarized and apostilled binding of the company's statutory documents (if the nominal value is a legal entity), including: Certificate of Incorporation, Articles of Association and Memorandum of Association, Protocol on the appointment of a director, Certificate of Good Standing and Certificate of Incumbency (if the company is registered more than 1 -th year ago). It is also necessary to provide a notarized copy of the passport and utility bill (or ID-card) of the director / shareholder of this legal entity, or include copies of these documents in the binder.
To start the procedure, the client needs to fill out a questionnaire and provide us with a description of the company's activities, originals of the company's statutory documents and documents for an attorney/shareholder. Then the questionnaire is sent to the bank for preliminary consideration. After that, the bank sends the proposed tariffs for the account to the client. After agreeing on tariffs, the originals of all necessary documents are sent to the bank and a video conference with the bank manager is scheduled.
The opening procedure is completely remote, no personal visit is required.
For more detailed advice on the conditions for opening accounts with Mbaer Swiss Bank (Switzerland), please contact our office. We will answer all your questions and help you open an account with the Swiss Mbaer Bank or one of more than 70 foreign banks to choose from.
