languages :
The Best International Tax Planning solutions since 1991
   A A
HOME > Services > Bank account opening > Price list
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)
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
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)
European offices

{=back to top=}
United Kingdom - London Hungary - Budapest Románia - Bukarest Bulgaria - Sofia Cyprus - Larnaca {=Seychelles - Victoria=}