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Opening an account in VP Bank (Singapore)

Opening an account in VP Bank (Singapore)
  • Price:1500 eur
  • Term:individually
About bank

The Swiss VP Bank in 2008, expanding the horizon of its international activities, opened its branch in Singapore. The VP Bank Group itself was founded in 1956 and has 6 large offices around the world.

The bank has the highest license in Singapore that the authorities can grant to a foreign bank. This means that the bank can offer customers all banking services without any restrictions. This Asian office specializes in wealth management, investing, family office services, wealth planning and brokerage services.

The bank has a global network of connections, advanced European experience, a high balance of assets and a solid capitalization. According to the level of risk, it is assessed on the highest scale "Risk Indicator 1". Recognized as the best private bank for intermediary services in 2022.

Name
VP Bank Asia
Category
Investment
Opening date
individually
Price
1500 eur
Bank Features
  • a wide range of state planning services;
  • final tariffs are formed for each client;
  • multicurrency accounts are offered;
  • personal advice on investment and capital structuring;
  • ready-made solutions for funds from VP Fund Solution;
  • services of a depository bank (custodian bank).
Who are the accounts for?

VP Bank Singapore opens accounts for individuals or corporate clients from all over the world who are ready to invest. Do not cooperate with clients from the russian federation and belarus.

Account types

Investment, savings. Operational accounts not available.

Bank rates
Opening an account:
for all categories of clients
individually
Fees:
the minimum deposit
2 000 000 SGD
...
The full amount can be paid within 12 months, but the initial funding must be 1 000 000 SGD.
Account service:
active
500 USD/year
inactive
5000 USD/year
Account closing:
for all categories of clients
250 USD
Bank visit

Opening an account with VP Bank Asia requires a personal presence and visit to Singapore. It also allows for the option when the client's assets will be managed by an intermediary who will carry out identification on behalf of the bank.

Account opening procedure
1
Getting to know the client and his business
2
Signing bank forms
3
Collection and preparation of documents
4
Sending documents for analysis
5
Organization of a meeting with the bank manager
6
Making a down payment
7
Gaining access to the account

Please note that according to international account opening standards, each financial institution is required to adhere to the KYC procedure, therefore, the bank will require documents and data confirming identity, business and wealth for identification. Also, a financial institution may, based on its internal rules, refuse to cooperate without giving reasons.

In order to avoid such negative consequences, contact specialized lawyers for preliminary advice on opening foreign accounts, and we will tell you all the nuances of how to open an account with a Singapore bank - VP Bank Asia.

Popular questions
What types of accounts does VP Bank (Singapore) open?
The bank opens investment and savings accounts. For assistance in opening an account, preparing documents and completing the compliance procedure, leave a request on our website and we will contact you immediately.
How long does it take to open an account with VP Bank (Singapore)?
The opening period varies depending on the complexity of the client and the type of account, on average - 1 month.
Is it possible to open an account with VP Bank (Singapore) online?
Remote account opening is not allowed. The client needs to visit the bank branch in Singapore in person.
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