Pevex Accounting Services Ltd.

Accounting, Payroll & Structuring Services

Copyright © 2012 - 2015  Pevex Accounting Services Ltd. Registered in the UK No 8190796, HMRC MLR No 12691270                                                                                    

Pevex Accounting

Group  of Companies

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Cyprus        Hellenic Bank Public Company Ltd


 www.hellenicbank.com


Founded in 1976, in 1996 it bought the local operations of Barclays Bank.


Prepaid debit cards (Euro)

Internet banking facilities (English, Russian, Greek)

Fax mandate, email instructions

Minimum account opening deposit €500

Account maintenance charges €50 per quarter

Latvia          Norvik Bank


www.norvik.lv



Norvik Banka was established in 1992 and is one of the oldest commercial banks in Latvia.


Debit Cards

Internet banking facilities in English, Russian, Latvian

Exceptionally good real time Forex facilities

Account opening set up fee €250

Minimum account opening deposit €500

Monthly account maintenance from €33

Latvia          Pasta Bank


www.lpb.lv


Previously known as the Latvian Postal Bank.


Payment cards

Virtual debit cards (for internet shopping)

Internet banking facilities in English, Russian, Latvian

Account opening set up fee €150

Minimum account opening deposit €500

Monthly account maintenance from €15 (for active accounts)


Mauritius  ABC Banking Corporation


www.abcbanking.mu


Semi-private bank


"Best Private Bank in Mauritius" in 2013 and 2014.


Debit cards (Mauritius rupees)

Fax mandate instructions

Fast transfers

Minimum account opening deposit €500

No minimum balance, no monthly maintenance charges

Transfers to banks in the USA are NOT possible. 

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St. Vincent  EuroPacific Bank


www.europacbank.com



Corporate Accounts/ Personal Accounts

Innovative products including gold (and silver) backed credit cards

Investment accounts (Gold/Silver backed accounts)

Debit Cards

Minimum account opening deposit $360 (blocked amount)

Monthly account maintenance $30

FATCA Information.   

(Relevant to US persons only)


The Foreign Account Tax Compliance Act (FATCA) is U.S. legislation enacted to “prevent offshore tax abuses by U.S. persons”.  The legislation forces global financial institutions, investment entities, as well as national banks and other financial organisations to report details of their U.S. clients directly to the USA.


As a result of the onerous compliance obligations, the majority of the banks listed above (and indeed worldwide) will not open accounts for "US persons" eg US passport holders OR residents.  


A few will - Bank of St Lucia International Ltd. & Global Bank of Commerce Ltd  (Antigua). - being two),


However details of accounts involving a US person WILL be subject to disclosure to the American authorities and in particular to the IRS.  


The only "simple" way for US persons to avoid FATCA is NOT to own or control non-US accounts.


However there are solutions and we would be happy to discuss these in confidence.

St Lucia       Bank of St Lucia International Ltd. BOSLIL


www.boslil.com


Wholly owned subsidiary of East Caribbean Financial Holding Company Ltd.


Multi-currency accounts with fifteen of the world's major currencies

Payment transfer templates and multiple language capabilities are available

Safe deposit boxes

Debit/credit cards

Minimum account opening deposit c.US$500

Account maintenance US$200 p.a. for corporate accounts, US$150 for personal.

Incoming payments fee US$15.

Singapore  DBS Bank


www.dbs.com



Development Bank of Singapore.  Established by the Government of Singapore in 1968


Debit Cards possible but are denominated in Singapore Dollars.

Account opening set up fee c. S$ 1,000

Minimum account opening deposit - see minimum balances

Minimum balance c. £20K/€25k/$50k (main currency)

Monthly account maintenance: free above minimum balance otherwise £20/€30/$50 per month


Singapore  OCBC Bank


www.ocbc.com



Voted the “World’s strongest bank” in Bloomberg’s ratings two years in a row,.


Debit cards are possible but are denominated in Singapore Dollars.

Account opening set up fee c. S$ 2,000 (negotiable)

Minimum account opening deposit 30k (in each currency)

Monthly account maintenance free above minimum balance otherwise 100 per month in the respective currency.

Montenegro Atlas Banka AD


www.atlasbanka.com


Founded in 2002. The Euro is the official currency of Montenegro


Payment cards

Minimum account opening deposit €500

Low monthly account maintenance charges

Singapore  ANZ Bank


www.anz.com


Private banking

ANZ Bank founded in 1835, is one of the world’s top 25 banks (source Bloomberg)


Direct contact with private banking manager

Personal visit to any ANZ bank branch is required to open an account

Corporate Accounts/Personal Accounts

High average balances required for non-Singapore companies

Minimum account opening deposit $500,000

Monthly account maintenance depends on the balance held on account

Belize          Choice Bank Ltd.


www.choicebankltd.com


Choice Bank acquired its licence in 2008, although relatively young, it is has become the third largest banks in Belize


Prepaid Master Card debit cards (US$ or €)

Minimum account opening deposit $1,000

Monthly account maintenance from $12.50


Cyprus        Bank of Cyprus

 

www.bankofcyprus.com.cy


A public company since 1912


Debit cards (Visa Electron in Euro)

Internet banking facilities in English, Russian, Greek

Mobile app (iPhone/Android) for Internet banking

Fax mandate, email instructions

Minimum account opening deposit €500

Monthly account maintenance from €12

Austria       Meinl Bank AG


www.meinlbank.com

 

 One of the largest private banks in Austria


Zero cost SEPA transfers within the Eurozone.

Minimum account opening deposit - recommended €5,000

Account opening set up fee €1,000

Account Maintenance fee €250 per quarter

Whilst we can assist clients to open accounts (corporate and personal) worldwide; in the vast majority of cases a personal visit is required by the owner / signatory to the bank in question. We are however, through our authorised agents, are able to introduce clients to a number of banks where the client is not required to visit the bank.

Antigua       Global Bank of Commerce Ltd.


www.globalbank.ag


Established in 1983. It was the first "International" Bank to be licensed in Antigua and Barbuda.


Multi-currency accounts

Prepaid debit cards

Minimum account opening deposit $5,000

Monthly account maintenance from $10



Summary of banks’ requirements

for corporate accounts (varies slightly between banks).


  1.  Standard bank forms completed signed by the client.


  1.  Company documents:



In some cases the above documents should be apostilled.


  1. Documentation for directors, beneficial owners and account signatories:



  1. Additional documents




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