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VP Bank
Information updated on 07.07.2009
| Main information on the bank | |
|---|---|
| Country of registration, main office, number of branches: | The bank is domiciled in Vaduz, Liechtenstein with branches in Switzerland, Luxembourg and the British Virgin Islands, and representitive offices in Moscow, Hong Kong, Dubai, Singapore and in Munich |
| Year of foundation: | 1956 |
| Credit rating: | A/Stable/A-1 (Standard & Poor’s) |
| Main shareholders: | Two foundations (Stiftung Fürstlicher Kommerzienrat Guido Feger and U.M.M. Hilti-Stiftung Schaan) |
| SWIFT code: | VPBVLI2X |
| Information on the opening of accounts, main features of accounts | |
| Type of account: | Savings and current accounts (corporate and individual) |
| Documents required for the opening of accounts: | Corporate accounts: copies of the passports of directors, beneficial owners and the persons managing the account, notarised documents of the company with Apostille (Certificate of registration, Articles of Corporation, Signature Card, Board Resolution, etc.). Bank requires detailed information on the company’s business activity (business plan or letter of introduction). Individual accounts: passport copies and signatures of the persons managing the account |
| Time required for the opening of accounts: | 2-3 days |
| Restrictions on the opening of accounts: | No restrictions. |
| Personal appearance of signatories required: | Yes. Either in Laveco office or in the bank. |
| Minimum balance required in the account: | USD 200,000 |
| Methods of making payments : | Telephone, fax, Internet banking |
| Internet banking: | Available (free of charge) |
| Credit / debit card types and possibilities: | MasterCard ,VISA, American Express (Green, Gold, Platinum) Swiss Bankers Travel Cash Card |
| Deposit required in card accounts: | Generally the deposit is 150-200% more than the specified monthly limit. The amount deposited can be invested. |
| Fee charged by the bank for the opening of accounts: | Free of charge |
| Account maintenance fee: | CHF 60 annual fee |
| Basic charges imposed by the bank | |
| Charge for incoming transfers: | Free of charge |
| Charge for outgoing transfers: | CHF10, in other currencies CHF 20 |
| Charge for cash withdrawals: | 1% until CHF 50 000; 0.5% over CHF 50 000 |
| Charge for cash deposits: | 0.50% until CHF 50 000; 0.25% over CHF 50 000 |
| * 1 EUR = 1,3055 CHF; 1 USD = 0,9584 CHF (24.01.2011) The conditions imposed by the banks regarding the opening of accounts may change from time to time. Therefore, we recommend consultation with the staff of LAVECO LTD., who will be able to provide up-to-date information, before making a final decision on the choice of bank |
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| Fee charged by LAVECO LTD. for the opening of accounts in VP Bank: 850 EUR Fee for arrangement of bank cards: 200 EUR (up to 4 cards) |
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