Current account for Foreign Economic Activity

An account for Foreign Economic Activity is required by law, as all transactions with foreign partners are subject to special government control. 

Both individual entrepreneurs and legal entities may engage in foreign economic activity. To open a current account for an LLC or individual entrepreneur, you will need:

• Original passport 

For JSCs:

• Original passport of the head of the organization

• Charter/founding agreement and amendments thereto

• Documents confirming the election/appointment of the head and extension of authority

• Extract from the shareholders' register/other similar document certifying the rights of share owners

If you authorize another person to manage funds in the account: 

• Order/Power of attorney granting signing authority and the right to manage funds

• Original passport of the account signatory

The bank may request incorporation and other documents in order to comply with the laws of the Russian Federation and Bank of Russia regulations, including Federal Law No. 115-FZ.

Yes, a current account for Foreign Economic Activity can be opened remotely:

• Submit an online application on our website. 
• Within a few minutes, you will receive the account details by SMS.
  
• A bank manager will prepare and deliver the documents for signature to complete the process.
  

Technically, within one day. It all depends on when you can sign the agreement. You have 14 days from the moment the application is submitted to do this. The manager will prepare the documents and deliver them at a time convenient for you. If you are ready for the meeting, you will be able to use the account on the same day.