The Shanghai branch of VTB officially opened the access service of bank transfers throughout Russia, becoming the first bank in the world to provide access for enterprises trading with Russia.Compliance, stability and efficiencyof the core collection channels.

Clients can transfer funds directly to the VTB Shanghai branch account regardless of whether they use any local bank account such as Sberbank, Alfa-Alpha, etc.; the funds on the account can be directly connected to the domestic banking system.realizationCross-border receipts -- internal transfers -- compliance useThe whole process closed loop, completely solve the Russian trade collection pain points.

Today we will give you a detailed introduction to the contents of the Shanghai VTB bank account, you need to consult the welcome code to add our online customer service (WeChat: jxhqcy890 / cell phone: 16625410105), to arrange for the manager to answer questions, provide professional advice and full one-on-one services

Directory

01 Advantages of Shanghai VTB Bank Account Opening

02 Self-application vs.

03 Shanghai VTB Bank Account Opening Process

04 Shanghai VTB Bank Official Tariff Rates

01

Shanghai VTB Bank Account Opening Advantages

• High stability in a sanctions environmentThrough many rounds of international sanctions, the VTB system has maintained continuous and sound operation, and the domestic business of the Shanghai branch has been uninterrupted and unrestricted, which makes it the safest banking carrier for trade with Russia at present.

• Full domestic license compliance authority
  VTB Shanghai Branch is the only Russian financial institution in China holding a full license for Chinese banking, with RMB business privileges equal to those of Chinese banks and direct access to the domestic clearing system.

• Dual Currency Direct Settlement
  Support Ruble + offshore RMB (CNH) direct payment, can receive Ruble remittance from any bank in Russia; adopt Russian local payment system.Bypassing SWIFTThe fastest way to get your account is 1 business day.

• Security of Funds and Strong Compliance
  Strict implementation of Chinese and Russian anti-money laundering regulatory standards, the account is protected by the Central Bank of Russia from the impact of U.S. sub-sanctions, the security of funds and compliance la full.

02

Self-application vs.

VTB supports enterprises to apply on their own official website/email, however, it is not possible to apply for VTB.Low pass rate, long lead time and frequent reissue of documents for self-opened accountsThe bank's audit standard is strict. The bank audit standard is harsh, the information does not meet the standard directly shelved, no feedback, no guidance, a large number of enterprises apply on their own for a long time without results.

Our company specializes in representing core values:

• According to the bank's latest auditing standardsPre-screening, organizing and refining informationOne pass.
• Significantly shorten the audit cycle, prioritize the arrangement of face-to-face interviews to enhance the success rate of account opening
• After the account is opened to provide bank docking, the use of guidance, problem coordination, the whole process is worry-free

If you need to handle the Shanghai VTB bank account consulting welcome to sweep the code to add our online customer service (WeChat: jxhqcy890 / cell phone: 16625410105), to arrange for the manager to answer questions, to provide professional advice and the full range of one-on-one service!

03

Account Opening Process

1. Submission of information → Pre-approval by the bank
2. Pre-approved → Arranging visa interviews in Shanghai
3. On-site interviews with corporations/directors (approx. 30 minutes)
4. Letter of password 1-2 days after interview, account in 2-5 days
5. Activation of accounts by credits from domestic public accounts under the same name
6. Opened internet banking, official use

Face-to-face requirements:The legal person / director must be present at the Shanghai branch; unable to be present must provideNotarized Power of Attorney / Board ResolutionThe

Statute of limitations:The fastest with complete informationFeedback within 3 days, interview within 1 weekThe

04

Shanghai VTB Bank Account Official Rates

1. Due diligence fees

• Mainland companies: $2,000
• Offshore companies: $300

2. Monthly account management fee

• Mainland Company: Internet Banking: NT$650/month｜No Internet Banking: NT$1200/month
• Offshore companies: Internet Banking $90/month｜No Internet Banking $150/month

3. Transaction fee

• Receive / Remit: 0.17%
• Minimum $25, maximum $3,000

Important Policies (must see)

• open onlyRenminbi (RMB) account: No Internet Banking Fee
• concurrentlyRUB + CNY: Internet Banking Fee: $650/month
• RMB can be opened first, laterDirect additions to ruble accounts in Internet bankingNo need for a second face-to-face visa

Whether you want to register Beijing company, Shanghai company, Guangzhou company, Shenzhen company, Hangzhou company, Hong Kong company or overseas companies in other regions, bank account opening, import and export tax rebates, the company's difficult write-offs and other issues, or cross-border e-commerce account processing, tax reporting, evidence chain organization, import and export rights to record and tax rebates, Hong Kong company structure to build a framework for business consulting, welcome to scan the code to add our online customer service! (micro letter: jxhqcy890 / cell phone: 16625410105), to arrange for the manager to answer questions, provide professional advice and full one-on-one service!