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VP Bank
Verwaltungs- und-Privat-Bank AG
Location Liechtenstein
National rank 3, World rank 923 |
Credit rating: |
S&G A/A-1 |
History: |
Established April 6, 1956 as Verwaltungs- und Privat-Bank Anstalt, was reorganized  into a limited liability company on December 31, 1962 and since 1974 it is the first public-share company in Liechtenstein, being listed on Swiss Stock Exchange since 1983; Current Member of International Capital Market Association.
Foreign branches established in Switzerland, Luxembourg, Virgin Islands (British). Further exist an Asset Management Group in Munchen (Germany) and a Representative Office in Moscow (Russia). Overall, the Bank employs 565 people. |
Shareholders: |
The Bank has two major shareholders: Stiftung Furstlicher Kommerzienrat Guido Feger (the founder) holds 29% and Martin Hilti Familientreuhanderschaft holds 11% of shares. The rest of shares are traded through stock exchange. |
Types of Accounts: |
Corporate and private. The accounts can be booked in its branches in Liechtenstein, Switzerland, Luxembourg, British Virgin Islands (BVI). |
Opening balance: |
200, 000 USD, which can be reduced to 100,000 USD upon special agreement with opening officer. |
Minimum deposit: |
250, 000 USD, which has to be in place within 24 months since account opening. |
Service fees: |
Current account 40 USD; deposit 0,25-0,5% quarterly; currency remittance 10-20 SFR; portfolio management 0,6-2,2% p.a. of assets value; sale of funds – free. |
Execution of payments: |
Valuation date – next day for urgent transactions and third day for ordinary payments. |
Account management: |
Teller Transactions, e-banking. |
Timing of opening a bank account: |
1 to 3 days. |
Credit Cards: |
Visa, Visa Gold, Visa Platinum; MasterCard; Service fee 75 USD; Limit of transactions […]; Minimum insurance coverage […] |
Other Products: |
Asset Management Equity Investments, Foreign Exchange, Guarantees, Funds of Funds; Mutual Funds; Share Funds; Fiduciary Time Deposits; Hypothec; Safe Deposits. |
Profitability/reliability of investment products: |
The Bank has over 150 investment share funds with various levels of profitability/reliability. Capital deposit portfolio up to 22% is said to be the most profitable investment product. |
Visit to the Bank: |
Not required. |
The procedure of opening a bank account: |
Interview with a bank officer within VPB Group, where questions on companies activity, expected turnover, number of transactions per month, source of assets, personality of beneficiary, will be asked. |
Requirement: |
Passport; abbreviation from official register for corporate clients. |
Nature of the accounts: |
Current-savings. |
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Ireland Will Not Budge On Corporate Tax Rate
5/20/2012 7:07:00 AM
Hiking Ireland’s corporation tax rate is not in the country’s interests, Prime Minister Enda Kenny has said, a sentiment backed up by his deputy and Finance Minister, who have also stressed that Ireland remains firm in its position on the tax.
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| FAQ |
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What is offshore?
The word "offshore" has no precise legal dictionary definition, it simply means "situated or operating in a foreign country or at some distance from the shore" and reflects the fact that most low tax jurisdictions are islands.
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| Portfolio of Laws |
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- BVI - Trustee (Amendment) Act, 2003
- Cayman Islands - The Companies Law (CAP.22) - (2002 Revision)
- Cyprus - The Income Tax Law of 2002
more laws >>
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| Comparison Table >> |
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