Versobank AS

FACTS & INFO

• Requirements

  REQUIREMENTS FOR CORPORATE ACCOUNT SET UP WITH VERSOBANK

  • Personal meeting with the bank representative office in one of the following countries is required: Estonia, Latvia, Cyprus, Russia (Moscow), Ukraine.
  • The minimum balance and initial deposit of EUR 1000 will be required and a further EUR 500,000 will be required for investment purposes.
  • Additional products will need to be utilized, such as Platinum business cards, deposits, factoring, letters of credit, wealth management
  • Account opening timeframe. The account will be activated within 7 - 10 business days, upon receipt by the bank of all duly completed forms and relevant information. PLEASE NOTE:
  • U.S. companies or citizens are not accepted for account opening.
  • Versobank does not accept any offshore / low tax jurisdictions.

  
  DOCUMENTS REQUIRED
  For the Company:
  A set of legalized company documents consisting of:
  

  • Certificate of Incorporation
  • Memorandum and Articles of Associations
  • Documents confirming the appointment of company directors and secretary (if any)
  • document confirming the location of the registered office
  • Share Certificate(s)
  • Certificate of Good Standing if the company is more than 12 months old
  • Copy of the Corporate Structure, identifying the ultimate beneficial owner(s)
  • Valid License (if applicable)

  
  For each director, shareholder, secretary, authorised signatory and ultimate beneficial owner:
  

  • Notarized copy of valid passport.
    The passport must be signed and signature must match the signature in the application form. The photograph must be clear and of good quality.
  • Original or notarized copy of utility bill / bank statement dated within 3 months as verification of residential address.
  • Original or notarized copy of Banker's reference letter, dated within 3 months
  • Power of Attorney (where applicable)
  • Personal CV

  
  For each corporate officer (Where the company directors or shareholders are legal entities), please provide:
  A set of legalized company documents consisting of:
  

  • Copy of constitutional documents (Certificate of Incorporation, Articles, etc.).
  • Copy of Corporate Register (which shall include Register of Shareholders, Directors and Secretary).
  • Copy of the Corporate Structure.
  • Certificate of Good Standing.

  
  PLEASE NOTE:
  Documents that are not in English must be accompanied by a certified translation.
  U.S. companies or citizens are not accepted for account opening.
  Once all documentation is available please email electronic copies to our representative for review; incomplete or unexecuted forms can create delays in the account opening process.
  LICENSABLE BUSINESS ACTIVITIES

  If you conduct any activity without required license or authorization granted by a relevant authority in any jurisdiction, STARTING BUSINESS will not be able to assist you with the company formation or bank account opening related to such unlicensed activity.

  Licensable activities include, but not limited to: provision of financial services involving trading/brokerage in foreign exchange, financial and commodity-based derivative instruments and other securities; offering investment advice to public; insurance and banking business; operation and administration of collective investment schemes and mutual funds; payment processing services; money exchange, money transmission or money brokering; asset management; safe custody services; gaming, gambling and lotteries.

  Please contact us if you need our assistance in licensing of your financial, Forex brokerage or gambling company.
  

• About the Bank

  Versobank AS was founded in October 1999 in Estonia. Until March 2012 Cyprus Popular Bank Public Co Ltd (former named as Marfin Popular Bank Ltd, Cyprus) was the main shareholder of Versobank. In March 29, 2012 Ukrainian investors became the main shareholders of the bank. The majority of the Bank is owned by the Ukrainian agro-industrial company Ukrselhosprom PCV LLC, which is a part of the Ukrainian consortium ALEF.
  
  Versobank AS has representative offices in Latvia, Cyprus, Ukraine, Russia, Istanbul, Kazakhstan, Czech Republic and the UK.
  
  Versobank is:
  
  

  • Standard banking services.
  • Individual approach.
  • Unique solutions.

• Facilities

  WHAT VERSOBANK OFFERS:

  • Corporate and personal current accounts.
  • International transfers
  • Internet-banking, Telephone Banking, Video Banking
  • Visa Classic, Business, Gold and Platinum debit and credit cards
  • Documentary Operations
  • Loans
  • Fixed Deposits
  • Investments

  
  

  The approximate timeframe for account allocation from 7 to 10 business days receipt of the original documents by the bank.

  BANK TARIFFS AND CHARGES
  Versobank AS can be considered as a low-cost bank with respect to account maintenance and bank transfer fees.
  Account opening fee for non-resident companies is EUR 250 and the account maintenance fee, which is debited on a monthly basis, is EUR 50.
  The incoming payment fees are free of charge. The bank fees for outgoing SEPA payments sent via the e-banking system will range between EUR 0.25 - EUR 10.
  

• PLEASE NOTE that bank tariffs may be changed anytime at the sole discretion of the bank, we therefore suggest to contact us or visit the bank’s website for updated details on specific fees and charges.
• STARTING BUSINESS professional service fee for the assistance of bank account opening does not include any bank charges and commissions, account maintenance fees, transaction fees, initial deposit or minimum balance.