CIM Bank

FACTS & INFO

• Requirements

  PLEASE NOTE:

  • US / Canadian companies or citizens are not accepted for account opening.

  REQUIREMENTS FOR ACCOUNT SETUP:

  • Personal visit to the bank is not required; however, a face-to-face meeting via webcam must be arranged after initial pre-approval of the account.
  • The minimum initial deposit required is US$10,000 and the minimum remaining account balance is US$1,000.
  • Offshore jurisdictions (eg BVI, Bahamas, Panama, USA, RAK, Marshall Islands, Mauritius, Seychelles, Nevis, Belize, etc.) are not accepted for account opening.
  • The bank will not accept companies with the following business activities: precious metal trading, pharmaceutical products or dietary supplement trading, casino or poker, insurance, financial intermediary (bank, broker, Forex trader, virtual currency), terrorism finance, weapon trading, or diamond trading, and can refuse any other activity which is not in accordance to the law.
  • The account will be activated within 7-10 business days, upon receipt by the bank of all duly completed forms, relevant information, initial deposit and face-to-face meeting or webcam interview.

  DOCUMENTS REQUIRED:

  For the Company:

  A set of legalised company documents consisting of:

  • Certificate of incorporation
  • Memorandum and articles of association
  • Documents confirming the appointment of company directors and secretary (if any)
  • Document confirming the location of the registered office
  • Share certificate(s)
  • Certificate of good standing if the company is more than 12 months old
  • Copy of the corporate structure, identifying the ultimate beneficial owner(s)
  • Valid license (if applicable)

  For each director, shareholder, secretary, authorised signatory and ultimate beneficial owner:

  • Notarized copy of a valid passport. The passport must be signed and the signature must match the signature in the application form. The photograph must be clear and of good quality.
  • Original or notarized copy of a utility bill / bank statement dated within 3 months as verification of residential address.
  • Original or notarized copy of a bank reference letter, dated within 3 months.
  • Power of attorney (where applicable).
  • Personal CV.

  For each corporate officer (where the company directors or shareholders are legal entities), please provide:

  A set of legalised company documents consisting of:

  • Copies of constitutional documents (certificate of incorporation, articles, etc.).
  • Copy of the corporate register (which shall include register of shareholders, directors and secretary).
  • Copy of the corporate structure.
  • Certificate of good standing.

  PLEASE NOTE:Documents that are not in English must be accompanied by a certified translation.

  Once all documentation is available please email electronic copies to our representative for review; incomplete or unexecuted forms can create delays in the account opening process.

  IMPORTANT NOTE: LICENSABLE BUSINESS ACTIVITIES

  If you conduct any activity without the required license or authorisation granted by a relevant authority in any jurisdiction, New Company will not be able to assist you with the company formation or bank account opening related to such unlicensed activity.

  Licensable activities include, but are not limited to: provision of financial services involving trading/brokerage in foreign exchange, financial and commodity-based derivative instruments and other securities; offering investment advice to public; insurance and banking; operation and administration of collective investment schemes and mutual funds; payment processing services; money exchange, money transmission or money brokering; asset management; safe custody services; gaming, gambling and lotteries.

  Please contact us if you need assistance in the licensing of your financial, Forex brokerage or gambling company.

  SHIPPING COSTS

  Shipping of corporate documents or banking kits to your destination requires an extra charge and will be automatically added to your order during checkout. Shipping costs for international courier services are set automatically depending on geographic zones.

• About the Bank

  CIM Bank was founded in 1990 and provides traditional Swiss private banking services for private and corporate clients. The bank is located in Geneva, Lugano and Wollerau. CIM Bank is regulated by the Swiss Financial Market Authority (FINMA) and is a member of the Swiss Bankers Association (SBA) and SIX Swiss Exchange. In 2012, CIM Bank acquired the Croatian bank Primorska.

  CIM Bank has been repeatedly recognised by Deutsche Bank for the excellent quality of its SWIFT payments (Euros and Dollars).

• Facilities

  WHAT CIM BANK OFFERS:

  • Corporate and personal multi-currency accounts
  • International transfers
  • Commercial bank accounts for performing business activities of any type and size
  • Advisory and mandate portfolio management
  • E-banking with facilities of international online transfers and payments
  • Lombard loans
  • Online trading (futures, options and stock trading, Forex)
  • Credit and prepaid Visa and MasterCards (Swissbankers TravelCash, Gold, Silver, Visa Platinum, American Express, and business cards)

  The approximate timeframe for account allocation is 7 to 10 business days (upon receipt of the original documents by the bank).

  BANK TARIFFS AND CHARGES

  CIM Bank can be considered a medium-cost bank with respect to account maintenance and bank transfer fees. The fee for incoming funds depends on the amount of transaction and varies from CHF15 up to CHF550. The commission for incoming payments greater than CHF1.5m is 0.035% of the transaction amount. The bank fees for outgoing payments sent via e-banking range from CHF3.50 and CHF450. For outgoing payments greater than CHF1m, the bank will charge 0.025% of the transaction amount.

  The personal account maintenance fee is CHF120 per quarter.

  PLEASE NOTE: Bank tariffs may be changed anytime at the sole discretion of the bank. Therefore, we suggest that you contact us or visit the bank’s website for updated details on specific fees and charges.

  The New Company professional service fee for the assistance of bank account opening does not include any bank charges and commissions, account maintenance fees, transaction fees, initial deposit, or minimum balance.