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Bank Account

To our opinion the direct and safe management of all company’s bankroll is vitally important for the effective operation of the company. For the purpose of accurate and efficient control over the assets transfer operations it is recommended to select a reliable bank where the quality of services meets all requirements for modern financial institution. One of the basic factors for the determination of the reliability of a financial institution is the legislation of the country of its incorporation and operations of the bank itself and its branches. Capitalization level, assets, bank’s background and quality of services shall also be considered in the process of selection and shall be very important for businessman. If you are not sure about your choice or you want to receive the irrefragable information about the reliability of a banking institution you should consult our experts ready to prepare for you all required materials received from the most credible sources

As a rule in order to open the account the Customer shall sign the relevant bank forms filled in by the authorized employee of Wenzel Group of Lawyers according to the internal regulations of the bank.

Term of account opening for the nonresident company is specified by each bank on its own. As a rule such term may vary from one to five weeks and first of all depends on the bank’s requirements for the examination of the documents delivered by the company for the opening of the account.

The so-called irreducible balance is a mandatory requirement of almost all banks for opening and management of the account. That is the amount you should always keep at you account without fail during the whole period of the bank’s servicing, and upon the closing of the account such amount shall be returned less the indebtedness of the holder to the bank if any.

Country	Irreducible balance	Term of account opening
Austria	25 000 €	1-2 days
Bahamas	1000 €	3-4 weeks
Belize	1000 €	3-4 weeks
UK*	1000 €	1 day
Hungary	1000 €	1 day
Gibraltar	1500 €	3-4 weeks
Hong Kong *	1000 €	3-4 weeks
Grenada	1000 €	3-4 weeks
Greece *	1000 €	3-4 weeks
Cyprus	1000 €	1 week
Latvia	100 €	1 week
Lithuania	100 €	1 week
Liechtenstein *	1000 €	3-4 weeks
Malta *	1000 €	3-4 weeks
Slovakia	500 €	1 week
USA *	5000 €	2-3 weeks
Finland *	50 000 €	3-5 weeks
France *	30 000 €	3-5 weeks
Czech Republic	100 €	1 hour
Switzerland	25 000 €	1 week
Estonia	100 €	1 week

* Accounts shall be opened only for resident companies.

You can manage you account by means of the Internet or fax.

Names of banks are provided upon request.

Wenzel Group of Lawyers shall be entitled to change the prices without prior notice.

Strict Confidentiality Guarantee
We ensure the entire registration process up to the defined stage. You become the central figure from the moment when you have to sign the bank documents. Thus you become the fully legitimate manager of the account entitled to enter the funds into the account, to draw cheques. We would like to draw your attention to the fact that the account opening agreement shall be signed by the bank and yourself.

E-mail: register@wenzelgroup.com