Offer of Bank Account Opening with
LGT Bank (Singapore)
||3, Temasek Avenue, #30-01 Centennial Tower, Singapore 039190, Republic of Singapore|
|General Description||A branch of LGT Bank in Liechtenstein Ltd opened in Singapore in 2000, it started its activities as a cash and settlement department "LGT Bank in Liechtenstein (Singapore) Ltd." in 2003. LGT Group Foundation and Vaduz own 100% of the bank's shares. The family of the Prince of Liechtenstein owns the entire group, and that is why the bank is private. It has not participated in high risk investment.
||S&P: A+/A-1; Moody's: Aa3|
|Methods of Account Management
||Internet-bank (for a review only), fax, and voice control|
|Types of Accounts
||Saving and investment|
|Currencies of Account
||USD and EUR|
|Minimum Average Monthly Balance and Other Bank Requirements for its Clients
||EUR 300 000 (a client must also prove his solvency to the bank, which means that he possesses at least EUR 1 000 000 of free funds or his salary is at least EUR 150 000 a year)|
||Annual servicing: EUR 160 (this amount includes incoming/outgoing payments, statements of account and correspondence from the bank)
|Language of Communication
||Visa and MasterСard
||The bank is ready to offer a wide range of investment programs.
|Brief Description of Account Opening Procedure
||A meeting with the bank's representative, who visits Moscow once every three months, is necessary to open an account.
Filling in the forms necessary to open an account and the signing of such forms, together with all other formalities required to open an account, shall be carried out in our company office with the support of the bank's representative and our specialists.
A client can also visit the country of the bank's office seat at his discretion.
The following information and documents are necessary to open an account:
- original constituent documents of the company (when opening a corporate account);
- originals and copies of documents of identification confirming the account holder's residential address;
- client's business description (in free format);
- it is obligatory to provide details of the address at which business is actually conducted;
- CV of the company beneficiary (for corporate clients) in free format.
|Period of Account Opening (approximately)
||1 month from the date of the bank's receipt of the stated documents and information
|Fees for account opening assistance||USD 1950