How to open an account with a foreign bank.
In the context of the crisis and in connection with the unstable andtense situation in the country, Russian citizens are increasingly thinking about opening an account with a foreign bank. The procedure for filing and processing documents is a rather complicated procedure, but if desired and competent organization it is feasible for almost every citizen of the Russian Federation.
Ways to open an account with a foreign bank.
At once it is necessary to be defined with concept of foreignbank. All banks located on the territory of the Russian Federation are subsidiaries of foreign banks. And their activities are fully regulated by the Central Bank. These financial organizations are subject to the laws and jurisdiction of the Russian Federation as well as any Russian bank. On the territory of our country the activities of foreign banks are prohibited. Therefore, in order to you need to use one of two methods:
1. Personally visit the bank branch in another country.
2. Seek help from intermediary firms.
When personal treatment should be prepareda certain package of documents, with which it is better to familiarize in advance. You can get the necessary information on the bank's website or in the Russian subsidiary. The main documents include:
- the passport of the citizen of Russia;
- international passport;
- certificate of criminal record;
- certificate of income;
- certificate of the composition of the family.
Some banks may needadditional documents. For example: the characteristics of the job, utility bills, recommendations from Russian banks. And sometimes you need a personal interview with a bank employee. Passage of this procedure, as a rule, is requested in US banks, Swiss or British banks.
If you use the help of a company dealing withopening of accounts in foreign banks, you should additionally provide a sample of a certified signature. The signature is certified in the consulate of the country where the account is planned to be opened, or in the subsidiary branch of a foreign bank in Russia. The cost of services for opening an account varies depending on the country and branch of the bank, and may amount to more than 10 thousand dollars.
Methods of account management.
Managing funds on a foreign account, fewthan differs from managing money in a domestic bank. This can be done through online banking, checkbook, plastic card and other means, including courier mail services. But to deposit money into the account will be much more difficult. There are two ways: cash and non-cash. When transferring funds from an account in a Russian bank to an overseas account, you should provide the bank with a certificate from the tax office. Cash transfer is carried out through the intermediary firm or a branch of the bank in Russia. In both cases, a commission is charged.
Additional important information
It is important to know that opening an account with a foreign bank should inform the tax service about it within a month. And every year to report in this organization on the state of the account.
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