Let us introduce to you a financial institution run by a family office – the UK branch of a Bank registered in Liechtenstein.
The bank specializes in long-term cooperation with its customers and offers classic banking services and investment advice and structuring based on in-depth research. Its efforts are aimed at the clients’ asset protection and growth. Besides, it was one of the first banks in the global banking community to introduce trading and custodian services for the bitcoin (BTC) and bitcoin cash (BCH).
You can set up a corporate account in the British branch of the bank and get access to many of its products. To open it, you will need to meet in person your future personal banker at one of the bank’s branches – either in Liechtenstein, or in the UK. For our services and advice, please contact us by e-mail at info@qwealthreport.com.
The bank is a member of the Liechtenstein Bankers Association (LBA) as well as the Deposit Guarantee and Investor Protection Foundation (EAS). The bank is internationally licensed and offers its services to clients from all over the world.
The Bank was founded in 1998 by Kuno Frick Sr., who started it with a view to invest in a modern and stable financial institution his extensive experience and an outstanding connection in the world of international banking and fiduciary services.
In autumn 2011, the bank expanded internationally by opening a branch in London. This move was aimed at strengthening and development of long-term relations with customers from the UK and other countries in one of the main megacities of the world. Just like many other corporate clients, now you have the opportunity to open your account with the bank in the capital of the UK.
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Advisory services for the corporate account holders in the UK
The Bank is known for tremendous experience accumulated in providing professional consulting services on assets protection and growth. The Bank offers cooperation only with seasoned experts, professionals of their craft, who will become a link between your business and all possible developments at the bank.
Prudent cultivation of the bank-client relations guarantees maximum effects of cooperation in such areas as investment, wealth management, taxation, pensions, insurance, trusts, funds, financing, loans, real estate, charity, inheritance planning, third party asset analysis, creation of funds, asset protection, and legal advice.
Besides, one of the main tasks of the bank is to protect the wellbeing of the client. Thanks to this approach the bank experts design for the clients absolutely safe strategies of capital storage and increase.
Asset protection tools driving you to your goals include the most attractive ones: insurance, funds, trusts, pension funds, real estate planning, tax planning.
Family Office Services for the corporate account holders in the UK
Family offices offer financial, legal and administrative services, which include: the establishment of trusts, foundations and other legal entities; execution, monitoring, and analysis; control and management of budget and cash flow; consolidated reporting; tax planning; risk management; charity; property planning; investment management; several legal services and design of real estate projects.
Key services for the corporate account holders in the UK
The Bank offers different types of accounts meeting the needs and requirements of its clients. You can get any necessary support for your plans and budget.
The basic account offer comprises current accounts and credit accounts in Swiss francs, euros, US dollars, pounds sterling, and other main world currencies.
Fees and charges (as of January 2020, for updated and extra information please ask our experts)
| Current account in GBP and other currencies | |
| Minimum deposit for account opening | 100 thousand GBP |
| Interest rate | Depending on the market situation. |
| Overdraft interest | Depending on the market situation + 0.25% of the credit commission on the average debit balance per quarter |
| Retained mail | CHF 250.00 p.a. |
| Account Statement | CHF 10.00 per quarter/ CHF 5.00 per statement |
| Transactions on current/deposit account | |
| Minimum payment order | up to CHF 5,000.00 or equivalent: CHF 5.00 per paymentfrom CHF 5,001.00 or equivalent: CHF 10.00 per payment |
| Maximum payment order | CHF 400.00 per express paymentadditionally 0.10%, minimum charge: CHF 50.00 |
Payment cards
The Bank’s customers can have a Maestro Card, which is used to make instant payments in shops, as well as at restaurants and hotels, and to withdraw cash in Europe.
Internet banking
Internet banking is performed on a specially designed online platform. This platform guarantees online access to your funds in a secure way and at any time. The security of the online platform is ensured by the highest standards and the most convenient format of customer-care.
To access your accounts, you will need to enter a username and password that only you know. You will also be issued a Token Card for additional security. This card will be mailed in a classic credit card format, which will be convenient for use and storage during your travels and business trips.
Custody account
The reliable custody of assets is at the core of this custodian bank’s business. Institutional clients are offered services and advice in custody account administration.
More information is available from our experts at info@qwealthreport.com
Safe deposit box management
Safe deposit box – Documents review – Authorized agent
The Bank offers its clients the services of deposit boxes in its bank vault for the confidential, safekeeping of valuables, documents, and deeds. This service saves time and costs associated with your liabilities. The renter may authorize a third party (an authorized agent) to have one-time or permanent access to his safe deposit box. Thanks to efficient operational procedures and professional experience, the bank can offer you services at attractive prices depending on the safe box capacity. The storage of client keys at the bank is subject to a fee.
Back-office services
Institutional clients are offered a full range of back-office services, according to their needs and capabilities.
Consolidated reporting
A centralized approach is of paramount importance for all corporate clients. The Bank’s Reporting Department provides consolidated reports. The department serves as your central reporting office, which you can access at any time.
Traditional investment products for holders of corporate accounts
You can find a wide range of investment products directly on the bank’s website. The most attractive are traditional investment products such as BFC Masterfund High Yield Low Volatility and BFC Masterfund Obligationen Global.
BFC Masterfund High Yield Low Volatility – investments are mostly made in direct, convertible, and other fixed interest or variable bonds. Bonds with high-interest rates are also preferred. Besides, investments can also be made in other eligible securities. An increased investment risk due to low credit ratings is offset in the long term by an appropriate risk premium.
| Security number | 1204441 |
| ISIN | LI0012044413 |
| Location | Liechtenstein |
| Currency | EUR |
| Type | Bond Fund |
| Initial Date | 01.10.2004 |
| Assessment day | Wednesday |
| Management fee | 1.10% |
| Administration fee | 0.10% |
| Storage fee | 0.20% |
| Guardian | Co. AG, Balzers FL |
| Portfolio Manager | Matrix Capital Mgt. Trust reg., Balzers FL |
BFC Masterfund Obligationen Global – invests mainly in direct, convertible, and other fixed interest or variable bonds. Only high-quality assets are invested. The term is variable. Therefore, the fund can be managed flexibly, and depending on the expected profit. Investment is possible in any currency.
| Security number | 1910426 |
| ISIN | LI0019104269 |
| Location | Liechtenstein |
| Currency | EUR |
| Type | Bond fund |
| Initial Date | 01.10.2004 |
| Assessment day | Wednesday |
| Management fee | 0.40% |
| Administration fee | 0.10% |
| Storage fee | 0.20% |
| Guardian | Co. AG, Balzers FL |
| Portfolio Manager | Matrix Capital Mgt. Trust reg., Balzers FL |
Procedure for opening a corporate account
To open a corporate account, you should visit the bank in Liechtenstein or the UK to meet your banker.
The minimum deposit to open an account will be 100 thousand GBP.
- Please contact us by e-mail at info@qwealthreport.com for professional advice on opening a bank account.
- For assistance in opening a personal account, you need to pay a fee of 3999 EUR, which you can pay by card or transfer, via Money Gram, WesternUnion, WebMoney, or a bank transaction.
- Then we will gather the information necessary to open a corporate account. The following documents will be required for all beneficiaries, shareholders, directors, and signatories on the account:
- Filled in, printed and signed copies of the bank for account opening as well as FATCA forms;
- Copy of the ID or passport (with the photo and signature);
- Proof of residence address (utility bills);
Note: This document needs be no older than 3 months by the time the registration package is submitted, and it must be in English clearly stating the individual’s residential address;
For the company, it is necessary to provide the standard package of company documents, such as:
- Certificate of Incorporation
- Register of directors
- Certificate of Incumbency
- Share certificates
Note: Additional details may be requested by the bank. All documents need to be in English. Other requirements can be explained by our experts.
The period of opening a corporate account will be 5-7 days after the submission of all documentation.To start the process of opening a corporate account, please contact us by e-mail at info@qwealthreport.com.
