How to open an account with a bank in Russia
Russia has a very sustainable economy compared to other Eastern countries. Foreign bank account especially in the country of residence will allow and open many possibilities to the owner of such bank accounts. It will reduce problems and difficulties connected to travelling and living both abroad and in the country of residence. The procedure depends on many factors such as nationality and a policy from the particular bank concerning the non-residents. But it is very important to get to know and to compare different bank policies regarding the procedures and fees for the account opening. Below you will find the detailed information regarding the procedure.
How to open an account for the Russian residents
Private individuals which are Russian citizens can open a bank account without any arising difficulties or worries. However, there are some limits.
- Forbidden to have banks account for the entities which occupies certain positions;
- Residents of the Russian Federation which open a bank account should notify tax authorities;
- Residents should also notify about closure of the bank account.