- Negotiate with banks to allow foreign non-resident accounts
- We put you in direct touch with the appropriate staff at the bank who will open your deposit account
- We assist investors to collate the various documents required for foreigners to open deposit accounts
- Some countries like Russia, Ukraine, etc. require physical presence to open account. If required, we could travel to the bank with a power of attorney to open account on your behalf as representative. We also handle the official translations of passports and other documents which require an apostille of the hague stamp.
- We assist you in obtaining the best rates possible, which in many cases is higher than the advertised rate.
- We inform you of the various options to access your interest.
- Our most appreciated service is to provide ongoing intermediary communication support with the bank. We visit the banks regularly and meet with senior management, and are able to sort any hiccups being experienced.
- We ensure the correct withholding tax rate, if any, is levied
- Upon maturity of your deposit, we'll notify you of new available deposit options
| Criteria on banks we promote |
- A subsidiary of a renowned international bank, or
- Majority of the bank's shares owned by a State ensures assistance in the highly unlikely in event of default by such a bank, or
- One of the largest too big to fail banks in the country, meaning Government assistance if needed, or
- Interest rates offered are substantially higher than equivalent credit rated competitors.
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- As intermediaries, we do not have access, custody or information of your account
- We email you:-
- account application form
- list of personal documents you require to open the account
- contact details of your account manager at the bank
- Before the account is opened, you confirm yourself the deposit terms directly with the bank contact
- You courier the completed application form and documents directly to bank
- Await confirmation from bank of your account details
- Transfer money directly to your deposit account. Money is never transferred via us
- Bank sends you deposit agreement for you to sign and return
- Instruct your account manager the method to access your interest viz. debit card or wire transfer
This whole process takes about two weeks, depending on how quick you get the required documents to the bank |
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We do not charge any fees except for the International Bank of Azerbaijan Deposit for which we charge a one-off fee of 1% of the principal deposited. This will be due only after you have successfully opened your term deposit.