A large number of Ukrainian citizens live and work on the territory of the Russian Federation. Therefore, a current, settlement, or savings account with Russian banks is often required. A non-resident of a state is an individual or legal entity who has lived and worked in the country for less than 90 days. Financial institutions offer a favorable interest on deposits in rubles and foreign currency for private clients, and attractive conditions for legal entities.

Citizens of Ukraine often get denied due to the tense political situation between the states. If you need to open an account in Russia for a non-resident, it is better to use legal assistance.

Documents required to open an account

To open a current, settlement or savings account with Russian banks, you need to prepare a package of documents. For individuals, it includes:

  • proof of identity;
  • confirmation of the legality of the foreigner's stay in the territory of the state (visa, temporary registration, refugee certificate, other papers confirming the status of a citizen).

If a bank account in Russia is required by a legal entity, the package of documents will be more impressive. You will need:

  1. the registration certificate;
  2. a document confirming the acceptance of the company for tax accounting; license (for relevant activities);
  3. confirmation of the location of the director.

According to the decree of the Central Bank of the Russian Federation, financial organizations can only accept papers with a notarized translation into Russian.

Which bank to open an account with?

Services for non-residents are represented by a large number of financial organizations of the Russian Federation. If you need to open an account with a bank in Russia, consider the following options:

  • Sberbank is the largest company in the country serving both non-resident individuals and legal entities;
  • VTB24 is a state organization with favorable conditions for investing funds and convenient online banking;
  • Raiffeisenbank provides ample opportunities for non-resident enterprises.

Law company Law & Trust provides services for individuals and corporate clients. Working with us, you will open an account quickly and without denies.

Russian Federation: list of banks
Платежная система
Name of the bank Account opening cost Founded
RBK Money 550 USD 2002