EU Banking for Czech Company (Remote)

[bizbizbiz]

Hi all

I am looking for a bank (not EMI) in the EU that will onboard a Czech company with a foreign director/shareholder that can be done remotely.

Any suggestions please?

 

[alley]

Where is the foreign director living ?

 

[bizbizbiz]

Australia

 

[alley]

So what exactly is the problem with using one of these many EMIs like Wise,‌ Revolut, Currenxie, Zen, and all the others that keep getting mentioned here on OCT all‍ the time?

 

[bizbizbiz]

As part of our MiCA application, we need⁠ to put in share capital into a bank (licensed credit institution). Finding that option that⁤ can allow remote applications is the hard part.

 

[Clearsky Network]

What is the business activity?

 

[bizbizbiz]

Crypto broker

 

[Clearsky Network]

so you have VASP right? I doubt physical‌ bank is even an option in EU
But try FasFinance, its Czech EMI

 

[bizbizbiz]

Thanks, yes I‍ have a VASP. It's not for client or even operational funds.
It's purely for the⁠ share capital, it is a MiCA requirement and has to be a bank.

 

[Clearsky Network]

Oh now i get it.
I usually recommend em.bank⁠ to my fintech clients, can be opened fully remotely.
Also you can try bluorbank.lv, can⁤ also be opened remotely.
Alternatively, you can ask your local agent to make you an⁣ intro to the relevant banks, im sure they have the full list.

 

[ilke]

I agree with @Clearsky Network. The best solutions for this will be in Lithuania‌ and Latvia. His suggestions are both good, EMBank is the most suitable in general because‍ they have the specific Accumulative Account for just depositing share capital via SEPA as a⁠ usual product. Maybe we can add Magnetiq Bank as worth reaching; although I don't know⁤ if they specifically have share capital deposit accounts, they do serve FinTech clients incl. CASP.⁣

I do not think there are good solutions in CZ because no banks so far⁢ have any crypto-friendly or even generally FinTech-friendly solutions other than exceptions. There was ING before,︀ which served a lot of entities, but I think this program was mostly wound down︁ after they got a 200,000 EUR fine for AML deficiencies.

In my opinion I wouldn't︂ go for MiCA in CZ and rather set up the CASP with a more friendly︃ regulator but that's your personal decision.

 

[bizbizbiz]

Thank you for this︄ and also @Clearsky Network, I will look into those options