VP Bank AG (Verwaltungs- und Privat-Bank) is one of the largest banks in Liechtenstein headquartered in Vaduz.
VP Bank (Switzerland) is internationally positioned as private bank. The main specialty is asset management services for private individuals. The shares of bank are listed on SIX Swiss Exchange and provided with an «A–» rating from Standard&Poor’s, which represents the financial strength of this bank.
The business model of bank is based on two pillars: private banking and the intermediaries business. VP Bank attracts clients worldwide by its program for customized wealth planning, asset management and investment consulting.
OPEN AN ACCOUNT IN VP BANK
Opening/closing an account - 250 USD.
Desired initial minimum contribution/balance – 1 000 000 USD. There is no obligation to invest in the bank's products, the funds can simply lie in the account.
Please note that when placing a minimum balance of 1 000 000 USD only 1 operation per week is allowed for operating activities. With a larger balance, it is possible to increase the limits on transactions.
Liechtenstein: Vaduz (headquarters).
Switzerland: Zurich.
Luxembourg
British Virgin Islands: Tortola.
Singapore
Hong Kong
With the means of Internet-banking.
Account maintenance - 80 USD/month.
More detailed information concerning standard tariffs can be found here.
The preparatory stage includes the process of gathering and filing documents for the company and attorney/beneficiary, which are required for opening an account. The term of the preparatory stage depend on you.
The procedure of considering the documents and reaching the preliminary decision by bank regarding opening of an account is approximately a month starting from the date when all the necessary documents and forms were submitted to the bank and after the meeting with the bank representative and attorney/beneficiary.
VP Bank follows the «know your client» principle and therefore you may be requested to provide any additional information or documents that may extend the time limits of the account opening. Furthermore, bank also may refuse to open the account without any explanations.
English speaking.
Documents for the company*:
- originals of all company’s statutory documents;
- Certificate of Good Standing under apostille;
- Certificate of Incumbency under apostille.
Documents for the account holder*:
- original of national passport;
- original of foreign passport;
- proof of employment;
- utility bills for the last 3 months from the moment of applying to the bank;
- curriculum vitae (СV);
- description of the source of funds origin;
- personal bank account statement for the last 12 months from the moment of application.
Documents for the beneficiary*:
- original of national passport;
- original of foreign passport;
- proof of employment;
- utility bills for the last 3 months from the moment of applying to the bank;
- curriculum vitae (СV);
- description of the source of funds origin;
- personal bank account statement for the last 12 months from the moment of application;
- tax returns and other documents confirming the sources of beneficiary’s funds.
Documents for nominee director and nominee shareholder (if the nominee service is used)*:
- copy of the passport, utility bill no older than the last 3 months and recommendation from the bank (if the nominee director/shareholder is an individual);
- set of the corporate documents, including: Certificate of Incorporation, Memorandum and Articles of Association, Resolution of appointment of the director (if the nominee director/shareholder is a legal entity). Also it may be necessary to provide the documents concerning the director: copy of passport, utility bill no older than the last 3 months and recommendation from the bank.
*The bank accepts all the documents in English. Only certification of the documents by the notary is considered acceptable. This is preliminary list of the documents; the list shall be agreed with the manager of the bank in each certain case.
In order to start the procedure it is necessary to visit our office for filling questionnaire, signing bank forms and verification of set of documents necessary for account opening. The filled questionnaire and all company’s documents will be provided to the bank for pre-check. In case of positive decision, we arrange a meeting for the attorney of the company/beneficiary with the VP’s bank representative in Kiev. During that meeting, all documents of the company are to be provided in original.
For further consultation concerning the terms of account opening in VP Bank (Switzerland) please contact our office. We will respond to any questions you may have and will help you open an account in Swiss VP Bank or any other bank out of 70 foreign banks you may choose from.
