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Offer of Bank Account Opening with
VP Bank (Liechtenstein)
Aeulestrasse, 6, 9490 Vaduz, Liechtenstein
The bank was founded in Liechtenstein on April 6, 1956 as Verwaltungs-und Privat-Bank AG (VP Bank AG). It is the third largest bank in Liechtenstein by asset value. The bank belongs to the 25 largest banks in the economic area of Switzerland and Liechtenstein.
It has 10 offices all over the world including those in Switzerland, Liechtenstein, Luxembourg, Germany, Dubai, Hong Kong, Singapore, the British Virgin Islands, and Russia (with a representative office in Moscow). The basic sphere of activity is rendering services to private, solvent clients.
S&P: A-; Moody`s: Aaa
Account management methods
Telephone, fax, electronic bank, and electronic messages
Types of accounts
Saving and investment
Currencies of account
CHF, EUR, USD, GBP, and RUR
Minimum average monthly balance and other bank requirements for its clients
USD, EUR, and CHF 200 000
Current account servicing: CHF 60 annually;
Fiduciary deposits: 0,125 - 0,5% of deposit amount;
Securities deposit servicing: 0,35% of amount;
Bank guarantees: 1% (annually);
Cost of funds transfer: CHF 10;
Fiduciary management of the fund: CHF 0,6 - 2,2% (annually) of amount of investment depending on the amount of investment of capital and investment strategy.
English, German, French, and Russian
MasterCard and Visa (USD 75 annually);
Visa Privilege Service Card (USD 225 annually);
American Express Gold Card (USD 200 annually);
Insurance coverage and credit limit: from USD 10 000 plus;
Fiduciary assets management, investment consulting, and structural investment products.
Short 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.
Terms of account activation (approximate)
3-4 weeks from the date of the bank's receipt of all the stated documents and information
Fees for account opening assistance