ABLV Bank Luxembourg, S.A. (Luxembourg)

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ABLV Bank Luxembourg, S.A. (Luxembourg)

ABLV Bank Luxembourg was established in 2012. The bank is a subsidiary of ABLV Bank, AS with head office in Latvia, Riga. Paid assets of the bank consist of 20 million EUR. Financial Sector Supervisory Commission of Luxembourg monitors the ABLV Bank Luxembourg activity.

 

OPEN AN ACCOUNT IN ABLV LUXEMBOURG

 

Types of bank accounts    

Personal, corporate (all accounts are multicurrency).

The cost of opening of the account (bank tariff) 

The account opening costs 400 EUR.

Minimum first deposit – 300 000 EUR/USD (this amount can be kept as the minimum balance or be invested in the investment products of the bank).

Minimum required balance – 300 000 EUR/USD.

Representative offices

Latvia, Belarus, Kazakhstan, Tajikistan, Azerbaijan, Uzbekistan, etc.

Management of the account

Through Internet Bank program.

Bank’s tariffs

The maintenance of the account with financial instruments portfolio – 20 EUR per month.

The maintenance of the account without financial instruments portfolio – 75 EUR per month.

 

Inner payments between the accounts of one client – free of charge.

Inner payment to the account of another client within a bank – 10 EUR.

Outgoing payment to the account of ABLV Bank (Latvia) – 10 EUR.

Outgoing payment to the account of another bank – 50 EUR.

Terms of opening the account

The process of account opening consists of the preparatory stage and the account opening itself.

The preparatory stage includes gathering and presentation of the necessary documents; preparation and signing of the forms necessary to open the account; dispatch of the documents to the head office of the bank by a courier. The duration of this preparatory period depends directly on you.

The procedure of consideration the documents and reaching the decision by bank regarding opening an account takes from 10 to 14 working days following the date when the documents are delivered to the bank head office.

ABLV Bank Luxembourg adheres to the «know your client» principle and thus you may be requested any additional information or documents. This may extend the process of the account opening. Bank also may refuse to open the account without any explanations.  

Staff                          

Russian speaking.

Credit/debit cards

Visa Gold and Visa Gold Business in USD and EURO currency.

Other bank’s products

Payment and cash services, fiduciary contracts including deposits and credits, converting of currency and overdrafts.

Documents for opening an account

Forms for signing are to be provided in our office.

 

Company’s documents – you have to transmit the originals of all statutory documents of the company. In case the company was registered more than one year ago the Certificate of Good Standing with apostile is required.

 

Documents for the account holder:

- original of internal passport;

- original of foreign passport (in case of its presence);

- in case the attorney possesses a resident company then the Articles of Association and Certificate of Incorporation of such company are required.

 

Documents for the beneficiary:

- original of internal passport;

- original of foreign passport (in case of its presence);

- in case the beneficiary possesses a resident company then the Articles of Association and Certificate of Incorporation, or Certificate  of employment are required.

The procedure of opening an account

You need to visit our office for filling the questionnaire, signing all necessary bank forms, certifying company’s and beneficiary’s and attorney’s documents. It is not necessary to visit the bank’s representative office personally.

The requisites of the bank account will be provided by the bank before the moment of the actual acceptance (opening) of the account.

Bank site

www.ablv.lu

For further consultation concerning the terms of account opening in ABLV Bank (Luxembourg) please contact our office. We will respond to any questions you may have and will help you open an account in Luxembourgish ABLV Bank or any other bank out of 70 foreign banks you may choose from.