UBS AG

General information

Name

UBS AG

Country

Switzerland

Official web-site

www.ubs.com

Bank history

UBS AG is a leading Swiss bank formed by the merger of Union Bank of Switzerland (founded in 1912) and Swiss Bank Corporation (founded in 1872) in June 1998. In November 2008, it merged with UBS Capital AG

World rating

19

Country Rating

1

Founding date

1912

Account Opening Terms

Recommendations

Not required

Description of activity

Detailed

Account type

Savings

Minimal turnover

0

Accounts types

Personal; Corporate; Savings

Required documents

Copy of the passport. Standard set of corporate documents under the Apostille. For companies with nominee service, it is required in addition to sign a number of bank forms by nominee director

Transaction speed

Value date is on the next day

Minimum balance

2000000

Limit of transfers (per month)

10

Initial founding fee

2000000

Account opening nuances

Opening an account is possible without entry into the country of the bank

Account opening, possibility

Calculated and perceived

Cost and nuances of account maintenance

Translation cost

Fee for outgoing payments - CHF 20

Enrollment fees

Transfer of funds to an account is for free

Account maintenance cost

For accounts with the remainder up to 50 000 CHF - 600 CHF per year; for accounts with minimum balance over 50,000 CHF - 300 CHF per year. Total cost of servicing the account (including tariffs on investment operations, etc.) - less than 1% per year