Opening an account with ALPINUM BANK (Sora bank)

Service is temporarily unavailable.

The bank is in the process of closing.

In December 2022, Bank Alpinum AG was renamed Sora Bank AG.

However, despite attempts at economic restructuring, the bank continued to suffer annual losses. In March 2023, the shareholders decided to voluntarily liquidate Sora Bank AG and give up its banking license. In March 2024, bankruptcy proceedings were initiated in Liechtenstein against the assets of Sora Bank AG.

Thus, Sora Bank AG (formerly Bank Alpinum AG) ceased its operations and is in the process of liquidation and bankruptcy

Alpinum Bank was founded in 2001 in Liechtenstein. The main shareholder of the bank is the Swiss family holding Transinvest Group with a two-century business history. The bank offers an individual approach to each client and is mainly focused on opening current accounts for trading and investment activities.

Alpinum Bank has a large network of correspondent banks, which allows the bank's clients to work with all freely convertible currencies, including the US dollar. Outgoing payments in US dollars are prohibited in some countries, for example: Ukraine, Russia, Cyprus, Gibraltar, Cuba, South Africa, Iran, Iraq and most offshore jurisdictions (British Virgin Islands, Panama).

The account opening procedure must be preceded by a meeting with a bank representative. Clients need to confirm the economic feasibility of their activities (for example, provide a detailed description of business activities, contracts and invoices with counterparties, etc.)

Alpinum Bank does not open accounts for offshore companies, partnerships and multi-level structures.

Account types. Personal and corporate accounts.

Personal presence in the bank when opening an account.

Bank rates: The first incoming payment to the account must be at least CHF 10,000. From this amount, the bank deducts the account opening fee of CHF 1000 and the minimum minimum balance of CHF 5,000 (this amount is blocked on the client's account). For detailed current tariffs and questions regarding opening an account with Alpinum Bank, please contact the MaIra Consult office.

The procedure for opening an account with Alpinum Bank (Liechtenstein):

1. You pre-fill out our account opening form (in our office or remotely). In the form, you must describe in detail the type of activity of the company, while indicating partners for incoming and outgoing payments, account turnover, and the flow of funds.

2. Next, you provide high-quality scanned copies of the company's corporate documents (for a legal entity) or personal identification documents (for an individual). At this stage, it is very important to provide documents explaining the transactions on the account and documents confirming the source of the company owner's funds.

3. We create a preliminary client file and send it to the bank to agree on the possibility of opening an account. Then the bank issues an invoice for the first incoming payment in the amount of CHF 10,000. The period of preliminary review of the client's file by the bank is 2-3 weeks.

4. After receiving approval from the bank, we fill out bank forms and prepare a package of documents for opening an account. Additional documents and information may be required at this stage. All completed forms and additional documents are sent to the Alpinum Bank manager and a meeting with a bank representative is organized.

5. The client's identification documents must be notarized and apostilled. The originals of the company's corporate documents are provided to the bank and returned to the client after opening an account.

6. The term for opening an account with Alpinum Bank from the moment the bank receives the original documents of the client is 2-3 weeks. There is no express account opening in the bank.

Alpinum Bank adheres to the principle of "know your customer" and in each case reserves the right to request additional documents, which will lead to an increase in the time of opening an account, and may also refuse to open an account without explanation.