The risks of depreciation of funds, the risk of instability in the banking system, how to save money – advice from the EWBI Legal Department during the pandemiс period!
Our proposal is not just “open an account with an EU bank”, choose a bank in Europe to open an account and prepare documents. We offer subscription services to your company in Europe with support of our legal department
There is no problem to open bank account in the EU or in Asia. Problems arise later, when the operational activity begins, then some transactions do not “approved” by bank compliance.
No one says that in Europe there are no problems for Russian customers – they are, and there are many of them, but in Russia these problems are often even greater now – this is a possible freezing of deposits and the instability of the ruble, which is predicted a very serious fall.
Insuring yourself by foreign currency deposits is also not an option – since all the time there has been a lot of ideas about tax on foreign currency deposits, or even rumors about their confiscation.
We offer our customers opening accounts with verified operating banks that work with non-residents and customers, we can offer guaranteed transfers of funds to European jurisdictions at a reasonable percentage, including possible transfers in rubles, thus currency exchange control not required.
Such services now seem to us important and in demand.
The fact is that there are banks that do not open an account at all for a citizen of the Russian Federation and the CIS, there are those who will offer a solution, but then they will simply close it for a minor reason.
And there are those banks, payment systems that are suitable for work, and just our function is to offer such proven paths.
It is very important in a pandemic that the options we offer open accounts and consultations online. It is also important that the Tax Law is not violated due to our legal support.
Compliance support in the standard option: from 3 weeks to 2 months for opening an account.
The fact is that the procedure for opening an account is that the bank sequentially requests documents, its verification by the bank takes time. A bank can refuse without explanation at each stage of the audit. We have such issues resolved in a week.
As a result of the work, we finally made sure that clients can benefit from an integrated approach to solving their problems in the EU market:
- Choosing a bank for opening an account and compliance support by experienced lawyers
- Support for activities in the EU, including bank account operations, as well as transfers using payment systems.
- Subscription services for companies owned by citizens of the Russian Federation in European countries.
- Solving problems with the transfer of funds to reliable jurisdictions from the Russian Federation in full compliance with tax laws.
- Participation in legal procedures in the EU and in Russia
There are ways to make your European company more protected from the risks of doing business.
For example, a company in the Czech Republic. What is needed is not just a nominee, but a really collaborating director, with a 1-3% stake, with sufficient legal training and sufficient experience.
You also need a reliable representation from a law firm in the bank, all this is very significant with significant turnover of the company.
Thus, our company offers a wide range of legal services in the field of financial consulting, which will save your time and money in our unstable time!
