CIGNA Expat Health Insurance
Private Messages Friends Invite My Jobs My Properties My Profile My Tips

Ukraine Expat Forum

Opening a Bank Account in Ukraine

Post New Topic
momcat

From: Ukraine
11/28/2005 05:16 EST

I'm interested in taking advantage of the high interest rates for bank accounts here. I'm getting a lot of mixed information.

Are interest rates compound or simple?
Are there restrictions on the account, i.e., does the money have to sit untouched, as for a CD?
Are accounts insured, and if so, up to how much?
Can one open a dollar account or an account in UAH?

Anyone with information and caveats, I'd greatly appreciate hearing from you...

Post a Reply

00abuse

JonathanUK

From: Ukraine
5/6/2007 14:30 EST

It should not be an issue at all. Ukrainian banks are permitted to open accounts for foreign nationals, including banks accoutns for business purposes.

For more information please refer to be publication by Carlton Legal "Banking in Ukraine: Golden Opportunities" (overview of banking in Ukraine, including banking regulations, reliability of Ukrainian banks, international banks active in Ukraine, opening bank accounts in Ukraine, money transfers, deposits in Ukrainian banks and many other issues). The publication is available by e-mail at carltoninfo@ukr.net

Post a Reply

00abuse

expat health insurance from CIGNA

Choosing an expat health insurance provider is an important decision. Get a quote from our trusted expat health insurance partner, CIGNA. With Cigna Global Health Options, you can create an international health insurance plan that's perfectly tailored for the needs of you and your family.

Learn More Get a Quote

tonian
6/30/2011 11:05 EST

hi there;
i am a Canadian (born in Poland, living in Vancouver) and was travelling in Ukraine this late spring (2011);
i am looking for opportunities to go back there and help foreign businesses get established in Ukraine/Poland/other countries;
normally, there are enough formalities and cultural differences that need be reconciled, before any business could be established anywhere in the world – and i hope to remove some of those barriers for businesses.
i speak decent Russian and can communicate in Ukraine, where language is almost the same;
i also have a good business background;
depending on the kind of business venture a company thinks of getting into in Ukraine – and possibly other neighbouring countries. i hope to develop some of such a foreign project;
intercultural nuances and ability to communicate are most often if not always the required grease to profitable exchange;
Please let me know if I could be of any use to your project there;
rgs,
-Tony
6*0*4--6*1*8--6*5*8*8
ton_lan (at) hotmail (dot) com

Post a Reply

00abuse

goldenbull526
11/13/2013 14:22 EST

The reason that the interest rates are so high is that the currency keeps getting devalued. Unlike the US which should be having its currency devalued but is not because its a reserve currency that is not the case in the Ukraine which right now is acting just like a banana republic. As long as you can keep your money in dollars (right now) or some other stable currency then you will do fine. You wont need the bank interest rates because your currency will keep appreciating against the UAH.

ken

Post a Reply

00abuse

TheSir2You
11/25/2013 19:06 EST

Be careful; the banks are not any more corrupt than the US, but they admit it more easily here. Most are in the business to loan money to friends and family usually.
Privat Bank has a CD that is quite good, I understand. I opened a checking with them in dollars, but they want to charge me to convert my US dollars to Hgrevna, then change it back to dollars and again charge me, and charge $10 a month to handle our malicious govertments paperwork to keep an eye on your criminal activities. You are assumed to be guilty until proven innocent by this illegitimate government. I must travel to Kiev to consulate to prove I am not defrauding them of my meager social security check, every four weeks at my trouble and expense. Not defrauding them by being dead. Not convenient for them if I just check into local PeaceCorp office here. I travel for about 18 hours. Slavery.

Post a Reply

00abuse

All times are ET.


Expatriate Health Insurance

Get a quote for expat health insurance.


Mail Forwarding to Ukraine

Mail Forwarding to Ukraine.


Expat Tax

Expat Tax Preparation, Expat Tax Professionals


International Moving Quotes

Moving to Ukraine? Get moving quotes.

Join Today (free)

Join Expat Exchange to meet expats in your area or get advice before your move. It's FREE and takes 1 minute!

Copyright 1997-2016 Burlingame Interactive, Inc.

Privacy Policy Legal