Publication
Opening private accounts worldwide and private banking with Antwort Law
International law firm Antwort Law provides exclusive services for opening private accounts in leading banks of the world, including Switzerland. We specialize in working with VIP clients, managing large capitals, and offer first-class service for those who value confidentiality, security and an individual approach to managing their assets.
Our services are especially in demand among citizens of the CIS, for whom opening private accounts has become a difficult task due to stricter international regulations. However, thanks to our experience and professionalism, we continue to successfully resolve such issues, offering our clients full support at every stage.
What is a private account and why is it difficult to open one?
A private account is a banking product designed for large capitals, offering individual service and access to exclusive investment instruments. Unlike standard bank accounts, private banking includes a number of privileges:
- A personal manager who manages your account and is responsible for all operations.
- Investment opportunities: access to stocks, bonds, funds and other financial products for effective capital management.
- High level of data protection and transaction confidentiality.
- Tax planning support and assistance in international financial matters.
The process of opening a private account is significantly more complex than a regular one. It includes a detailed compliance procedure, during which the bank checks the origin of funds and requires documents confirming the legality of their source (for example, sale of assets or inheritance). The compliance procedure can take from 2 to 4 months. For CIS citizens, this process is even more complicated due to stricter controls.
We offer assistance in opening private accounts all over the world, including reputable Swiss banks. Our experience allows us to effectively go through compliance procedures and provide access to leading banks, even for clients with Russian passports.
Example 1: High-level Swiss bank
One of the leading banks in Switzerland, specializing in asset management and offering first-class investment services. It offers flexible rates and works with clients from different countries, including the CIS.
Rates:
- Account opening — free
- Payments via online banking — free, via a manager — 12 CHF
- Account maintenance — 500–700 CHF/quarter (includes tax reports, statements, cards, payments, correspondence and accounts in various currencies)
- Securities storage — 0.25–0.3% per annum
Conditions for CIS citizens: within 2 years, it is necessary to increase the deposit on the account to 5 million dollars. Compliance takes 2–4 months, and documents confirming the origin of the funds (for example, sale of assets or inheritance) will be required.
Example 2: Prestigious Swiss bank
Another respectable Swiss bank providing individual solutions for managing large capitals. The bank is focused on international investors and offers flexible asset management strategies.
Rates:
- Cost of opening an account — €15,000
- Management fees are calculated individually depending on the chosen strategy and tools for asset management.
We take care of all stages of opening a private account: from preparing the necessary documents and creating a profile to full communication with the bank. Our task is to make the process as comfortable and transparent as possible for the client.
If you are looking for a reliable partner to open a private account in a prestigious bank, Antwort Law is your best choice. We will provide you with security, comfort and full compliance with international standards in working with your assets. Contact us for a personal consultation and more detailed information about our services.
Lidia Ivanova
International lawyer
Antwort Law
