Oct 17, 2016

Corporate Account Opening With European Bank In Luxembourg Which Is Heavily Client Orientated With EU Deposit Scheme.

The international banking professionals at the Offshore Pro Group offer you the ability to open a corporate account in Luxembourg with a bank that offers the following benefits:

  • Well regulated European bank
  • Strong international reputation
  • Client orientated
  • EU Deposit Scheme
  • Remote account opening
  • Investment opportunities
  • Online banking

Contact us via email [email protected] for the right professional advice about opening a corporate account with this bank in Luxembourg. It is highly recommended that you initially go through the steps on this page Free Professional Advice On Choosing A Foreign Or Offshore Bank Account.

Luxembourg International Jurisdiction

Luxembourg, or to give it its official title the Grand Duchy of Luxembourg, is situated in Europe and has borders with Belgium, France and Germany. It is a landlocked country. The country was a founding member of the European Union (EU), the United Nations, NATO and the Organization for Economic Cooperation and Development (OECD).

The economy of Luxembourg is very advanced and the country is a highly developed one. Luxembourg boasts the world’s highest GDP per capita and it uses the Euro (EUR) for its official currency. Luxembourg is a unitary parliamentary constitutional monarchy and the population is approximately 580,000 people. Luxembourg is both politically and socially stable.

Being one of the largest financial centers in Europe and the whole word, Luxembourg attracts investors from all over the world. One of the major reasons for this is the high degree of professionalism that is shown by the financial institutions in Luxembourg. Another reason is that the country has a number of expert specialists that are able to create investment strategies for the safeguarding, growth and diversification of assets.

In 2017 Luxembourg will be dropping its banking secrecy rules after pressure was applied by the United States and Germany. They have agreed to do this so that the country can be more in line with current global financial standards. Tax evasion issues have been a problem for Luxembourg over the years and now the country has agreed to introduce the Automatic Exchange of Information (AEoI) processes so that they can be transparent and conform to international standards.

The banking regulator in Luxembourg is the Commission de Surveillance du Sector Financier (CSSF) and they have been in power since 1999. The CSSF has the responsibility for the prudent supervision of financial institutions and banks in the country. The CSSF has implemented strict controls to battle against terrorist financing and money laundering. Luxembourg also has to conform to the regulations of the European Central Bank as it is a member of the EU member.

With Luxembourg having such a strong and stable economy coupled with political and social stability, in addition to the strict monitoring and financial regulations that are in place, makes Luxembourg and very smart choice of jurisdiction for the protection, diversification and growth of your assets.

As Luxembourg is an EU state it has introduced the Deposit Guarantee Scheme. The aim of the scheme is to provide protection for those that have made bank deposits in the event of a bank default. There is very little chance of a bank in Luxembourg being unable to meet its financial obligations and client payments and be in default, but if this did occur then the Deposit Guarantee Scheme would provide coverage of client bank deposits up to 100,000 Euros (EUR). For more details about the Deposit Guarantee Scheme please contact your Offshore Pro Group international banking consultant.

The Bank In Luxembourg For Your Corporate Account

It was 1974 when the doors of this Luxembourg international bank were opened. With over 40 years of successful trading experience the bank can offer a wide range of solutions for both corporate and private clients. The bank is committed to the fight against illegal monetary activities such as terrorist financing and money laundering, and also to complying with all of the International Banking regulations.

The bank is totally client focussed and will always take the time out to listen to them carefully. After they have fully understood the business and financial aims of their clients they will be able to create investment and savings strategies so that client financial goals can be achieved. The private banking business officers and managers at the bank have a high priority to build long lasting and professional client relationships that are built on expertise, trust and integrity.

You can totally rely on the professional team at this bank to provide the right advice and guidance about all aspects of banking and wealth management. These professionals can help you with structured products, funds, wealth structuring, corporate lending and discretionary management. These services will all be completely customized to meet your financial requirements.

With the assistance of the Offshore Pro Group you will be able to open a non resident corporate account with this bank in Luxembourg where you will also receive professional investment advice and guidance from the bank for the protection, diversification and growth of your assets.

Corporate Banking Services Offered By This Bank In Luxembourg And Asset Safeguarding And Growth

It will be possible for you to remotely open a non resident corporate account with this Luxembourg bank. This means that you will not have to travel to the country to meet representatives of the bank. After your corporate account is up and running you will have access to a comprehensive range of investment opportunities and financial services that this bank has to offer you.

Investment professionals will be at your disposal and these people are highly experienced when it comes to meeting the complex requirements of high net worth individuals from all around the world. They will be very willing to advise you and provide the best guidance on a wide range of investment products and services and then help to create your portfolio and provide close monitoring of it once it is established.

You will have access to brokerage and the markets, investments in works of art and fiduciary products and a lot of other opportunities with this bank. Wherever you are from in the world you will find the multilingual staff very helpful and ready to assist you at any time.

If you require investment counselling then this is on offer. If you prefer to take an active role in your investments and wealth management then the bank will gladly execute your orders and simultaneously provide you with strategic and tactical guidance which is consistent with your chosen investment strategy. The performance and structure of your asset portfolio will be monitored and if any other appropriate investment opportunities arise then you will be advised about them. At all times you will be in control of your investment decisions.

If your preference is not to be involved in the daily management of your investment portfolio you can have the bank staff manage this for you as part of their discretionary asset management service. With this service your investment portfolio will be created that is in line with your financial aims and managed by investment professionals.

When your corporate account is opened you can had the more traditional cash account as well as deposit accounts and savings accounts. International money transfers as well as domestic transfers are available and you will be able to make these transactions in a number of different currencies. You can apply for credit cards from this bank and if you have valuables for safekeeping there is also a safe deposit service.

You will have 24 hour a day access to your corporate account through the use of the bank’s highly secure online banking service. With an Internet connection you can access your account from anywhere in the world at any time. When you use this service you will be able to see all of your account balances plus your recent transactions. If you want to obtain detailed statements of your account you can do this as well.

The minimum deposit required to open a corporate account with this Luxembourg bank is 500,000 Euros (EUR).

The account and transaction fees that are charged by this Luxembourg bank are subject to change at any time. It is essential that you check the current fees with your professional Offshore Pro Group international banking consultant. Your consultant will provide advice and guidance so that you can achieve the most preferential rates.

Please Follow These Exact Steps To Successfully Open A Corporate Account With This Luxembourg Bank

To be successful with the opening a non resident corporate account with this Luxembourg bank it is essential that you please follow this step by step process precisely:

  1. Contact us via email [email protected] for totally professional advice about opening a corporate account with this bank in Luxembourg. It is highly recommended that you initially go through the steps on this page Free Professional Advice On Choosing A Foreign Or Offshore Bank Account.

It is vital that you fully understand the risks of non resident banking in today’s climate and strongly consider opening a second foreign bank account.

  1. We will provide total professional assistance to you in opening a corporate account at this bank in Luxembourg, and for this you will need to pay a fee of 2999 Euros (EUR). You can pay by credit card, bank transfer, Money Gram, Western Union, Web Money or even Bitcoin.
  1. The bank will require the beneficial owner and each director, officer, trustee, manager, member and shareholder to supply the following documentaion to open a corporate account. This will include:
  • Copy of the Passport/ ID card, showing number and country of issue, issue and expiry dates, signature and photograph of holder, and date and place of birth certified by a notary. If the client wishes to meet with bank representatives this will not be necessary as passport verification will take place at the meeting
  • Proof of address – a notarized copy of a recent utility bill or an original utility bill or bank account statement (not older than 3 months)
  • A completed biography for each account signatory (personal background, business interests, location and source of the funds)

The following corporate documentation will need to be provided:

  • Depending on the jurisdiction: Extract from commercial register / Certificate of Good Standing & Incumbency (not older than 1 year) – original or notarized copy and Apostille
  • Trust Deed / Fiduciary Agreement
  • The latest version of the Articles or equivalent document – a notarized copy + apostille
  • Certificate of registration – a notarized copy and Apostille
  • Power of Attorney (if applicable)

Also please answer these questions about your business:

  • The nature, volume and frequency of the incoming and outgoing payments on the account?
  • The main counterparties of the company (to whom funds will be transferred and where they will come)
  • Beneficiary Source of funds as they were earned
  • What kind of business is planned?

Once you have submitted all of the required documentation we will check them thoroughly and pass them on to the bank as quickly as possible. You will need to wait for 5 business days for your corporate non resident account in Luxembourg to be opened at this bank.

To begin the process of opening a private account at this Luxembourg bank, please contact us by email [email protected]