Author: Alena Dunaeva
Attorney, Family Office
Target Clients
- Russian Federation passport + Spanish residence permit or residence permit of another EU country
- Grenada / St Kitts and Nevis / Israel / EU + without EU residence permit
Intended Purposes
- Transfer of funds from the Russian Federation
- Unblocking of assets
- Purchase of real estate secured by own investment portfolio
Stages
With a Russian Federation passport and tax residency in the Russian Federation, account opening takes 1–2 months from the date of profile approval. In other cases — one week.
- Preliminary profile approval
- Bank visit to submit the application
- Bank visit to open the account
Cash can be deposited into the account on the day it is opened. A personalised card will be ready within 1–2 weeks.
Documents
- Passport
- Residence permit
- Personal income tax returns for at least 2 years
Account Usage
To maintain the account, we recommend the following usage procedure.
Initial Account Funding
- Through an ATM for amounts up to €5,000–10,000 per day
- Bank transfer for amounts up to €50,000–€100,000
Arranging Two Insurance Policies
- Health insurance
- Life insurance
Estimated cost: approximately €200 per month
Further Account Usage
- Transfers of any amounts
- Notify the banker of transfers exceeding €50,000 for faster processing of funds
We offer account opening for individuals planning to maintain a balance from €100,000
Contact Information
If you have any questions or require a consultation, our experts will be happy to assist you.
Private.law Attorneys
This material is provided for public informational purposes and is freely shareable.
We specialise in solving complex legal challenges for discerning clients. 🍓