Sep 19, 2016

Personal Account Opening With EU Secured Deposit Scheme In A Classic Liechtenstein Investment Bank With Flexible Deposit.

The Offshore Pro Group offers you the ability to open a private account in Liechtenstein with a bank that offers the following benefits:

  • Classic Liechtenstein bank
  • Remote account opening – no need for you to visit the bank
  • Flexible deposit arrangements
  • Well regulated European bank
  • Deposit guarantee scheme
  • Wide range of tailored investment products
  • Internet / mobile banking

Contact us via email [email protected] for totally professional advice about opening a personal account with this bank in Liechtenstein. 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.

The Jurisdiction Of Liechtenstein

Liechtenstein is in Central Europe located between Switzerland and Austria. It is a Principality that is small in size and has a population of approximately 35,000. Liechtenstein has a strong economy and is highly developed. It has the lowest external debt of any country in the world, the second lowest unemployment rates, it is second in the world for the highest GDP per capita and business taxes in the country are low.

Liechtenstein has close agreements and ties with Switzerland and uses the very stable Swiss Franc (CHF) for its currency. The country is politically and socially stable and overall it is a very stable and safe country for the deployment of your assets.

Over the last few years there have been a lot of changes in Liechtenstein as the Principality has been hard at work cleaning up its act to be seen as a legitimate world financial center. It has made agreements with the USA to provide details of accounts that are held by citizens of the US, and with the OECD to be more financially transparent.

In 2015 Liechtenstein agreed with the European Union (EU) that they would make it impossible for EU citizens to hide their money in the country. Tax administrators from different EU member states are now able to identify taxpaying citizens from their countries and impose tax laws on these Liechtenstein account holders. This came into force on 1 January 2016. The benefit of opening a personal account in Liechtenstein is not for hiding your money but for the protection, growth and diversification of your capital.

In October 2014 Liechtenstein signed an agreement to participate in the Automatic Exchange of Information (AEoI) which means that they will gather specific details from financial institutions in the country each year which includes the financial institutions, reportable accounts, reportable income and the due diligence procedures that are in place. This reporting will begin in 2017.

Under EU regulations, Liechtenstein has enabled the Deposit Guarantee Scheme which is aimed at providing coverage for deposits in their banks and to provide a level of protection for investors. In the unlikely event that the bank was unable to meet its obligations and goes into default, the scheme will cover client bank deposits up to 100,000 CHF. For more details about the scheme please contact your Offshore Pro Group international banking consultant.

The Classic Investment Bank In Liechtenstein

This classic investment bank in Liechtenstein was first opened in 1861. It has been listed on the Swiss Stock Exchange since 1993 and the majority shareholding in the bank is held by the Liechtenstein government. The aim of the bank is to protect and accumulate your assets. They will work closely with you by focussing on your financial objectives and long term goals.

The bank has a lot of expertise in the protection, diversification and growth of assets and will apply this in an “integrated advisory approach”. This bank has a good reputation for asset management and investment advice as well as asset structuring. They will be able to offer you a wealth of advice and determine the right strategy that will meet your financial requirements for the short and long term.

This bank commits to providing professional and fully understandable investment advice and proposals for asset management. They will explain any complex relationships so that you fully comprehend where your money will be invested. A full analysis will be prepared for you that will include specific proposals for optimum investment.

The Offshore Pro Group offers you the opportunity to open a private account in Liechtenstein remotely and you will also receive expert financial advice from the bank for the protection, diversification and enhancement of your assets.

Services Offered By This Classic Liechtenstein Bank

With this bank you will be able to open a non resident private account without the need to visit the bank. Once your account is open you will have access to a number of investment services which include short term, medium term and long term investments.

Term deposits are available with maturities up to a maximum of 12 months. You can choose from time deposits, fiduciary time deposits and call money investments that will all offer attractive interest that is market compatible.

For the medium and long term you will have the opportunity to invest in securities and equities. There are also bond investments available as well as medium term notes. The securities will have a maturity of longer than a year and equities can be used for 10 year or more long term investments.

The bank has a very professional asset management team who will take on the task of managing your assets without involving you too much. The investment strategy will be jointly developed between you and the bank and this will be used for portfolio creation. The bank will then actively manage your portfolio for you, adjusting it when market conditions dictate. You will receive a detailed regular report which will show you how your portfolio is performing.

You can obtain debit cards and credit cards from this bank which will enable you to pay without cash and withdraw money from worldwide ATM’s. The debit cards issued are Maestro cards and they will be provided with “geo blocking” and the function of contactless payment as standard.

The bank will provide you with 24 hour a day access to your account through the use of their secure online banking service. You will be in full control of your account and be able to view the balance and all of your transactions.

You can place orders with the Stock Exchange and buy and sell securities. There is an E Documents facility which will enable you to access and print out vouchers and bank receipts. Your data will be completely secure as there is multi level security with the online banking system. There is a digital signature along with your PIN number and you password.

The minimum deposit required for a private bank account is 500,000 Swiss Francs (CHF) or the equivalent sum in another currency. The bank is flexible about the deposit and is prepared to wait some time before the client transfers the necessary minimum amount.

The transaction fees that the bank charges are always subject to change, it is important that you check the current fees with your Offshore Pro Group international banking consultant. If you are interested in receiving the very best rates, you can state that you require beneficial international banking fees when you complete the international bank selection form.

To Open A Private Account With This Liechtenstein Bank Please Follow This Procedure

In order to be successful in opening a non resident private account with this bank in Liechtenstein it is important that you precisely follow this step by step process:

  1. Contact us via email [email protected] for totally professional advice about opening a private account with this bank in Liechtenstein. 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 private account at this bank in Liechtenstein, and for this you will need to pay a fee of 1999 EUR. You can pay by credit card, bank transfer, Money Gram, Western Union, Web Money or even Bitcoin.
  1. The bank will require all proposed account signatories to supply certified documentaion in English (or translated into English) to open a private account. You will need to provide:
  • A certified copy of the passport (the page that has the photograph and signature)
  • An original utility bill (which is less than two months old) a bank statement that provides proof of address.
  • A personal CV
  • A professional reference about your employment, occupation or profession
  • Information about your income from salary and dividends
  • Tax return
  • References from other credit institutions
  • Other relevant documentation

Once you have submitted all of the required documents we will check them thoroughly and pass them on to the bank as quickly as possible. You will need to wait for 15-20 business days for your Liechtenstein private foreign account to be opened at the bank.

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