Serbia will report to crs ? What bank to choose from serbia?

[Forester]

Really? Quite interesting, never heard‍ about a Serbian bank onboarding non-residents remotely. But today, many things are possible. It can⁠ be helpful for someone.

In what bank(s) you are able to help with an account?⁤ What is the minimum deposit and what are the fees?

 

[The Kingdom Bank]

Dear @Forester,

Thank you for your interest in The Kingdom Bank. Just to clarify,‌ we are not a Serbian bank, but we do offer services that cover Serbia.

For more information, please reach out to our dedicated support team via Live Chat at thekingdombank.com or through the following channels:

• Email: [email protected]
  
• Schedule a Meeting: calendly.com/meetthekingdombank/hello
  
• Telegram: The Kingdom Bank‍
  

 

[Forester]

🙂 I know‍ that you are not a Serbian bank, you are incorporated in Dominican Republic, IIRC.

OK; but what do you mean by this? Your original formulation
sounded to me⁠ like you were able to help with opening a bank account in Serbia with some⁤ local bank (it is the original question of the thread starter) – unusual but possible,⁣ in theory.

So, please clarify – what services you offer with respect to Serbia? Thanks⁢ 🙂

 

[The Kingdom Bank]

Dear @Forester,

We appreciate your interest and apologise for any misunderstanding.

The best way‌ to learn more about our services is to contact our team, who will be happy‍ to assist with any details you would like to know.

It is very easy to⁠ reach out via Live Chat at thekingdombank.com or through the following channels:

• Email: [email protected]
  
• Schedule a Meeting: calendly.com/meetthekingdombank/hello
  
• Telegram: The Kingdom Bank
  

Best wishes,

The Kingdom Bank

 

[Forester]

See, guys. I have absolutely nothing against you; but I do⁣ not want to read these unclear answers to (hopefully) a very clear question.
So please⁢ either explain, what you do not understand with the question “what services you offer with︀ respect to Serbia”; or answer in some reasonable way.

To be honest, your answers look︁ like answers of some scammer – and I do not think you are scammers, as︂ of now 🙂

 

[The Kingdom Bank]

Dear @Forester,

Thank you for your feedback, and we apologise if⁢ our previous responses were unclear.

We provide dedicated SEPA IBAN accounts, multi-currency accounts, payment services,︀ international transfers, and cross-border payments.

If there is anything else you need, please don't hesitate︁ to ask.

Best wishes,

The Kingdom Bank

 

[leeman]

Is this a bank⁤ ? Is crs reporting?

 

[Forester]

🙂 OK. So, as I⁤ understand, nothing special relevant to Serbia, just you are able to serve Serbian subject. This⁣ was not the issue discussed here; but you are a bank from non-AEOI/CRS country, this⁢ is relevant for the discussion. So all fine.

Yes, it is.

No, it is not. EDIT: Yes, it is. It is incorporated in Dominica (Commonwealth of), not︁ in Dominican republic, as it can appear from here Serbia will report to crs ?︂ What bank to choose from serbia?. Sorry.

May I bother you, @leeman , again with the︆ question above? Could you please share here what you exactly asked Zen support and how︇ exactly they replied? Sorry for being inquisitive but the answer would help many people.

 

[leeman]

So I asked at zen email if they report crs informations and this⁣ is the response I get :

Hello,

Thank you for reaching out to ZEN Customer⁢ Support.

ZEN.COM is a licensed financial institution under the supervision of the Central Bank of︀ Lithuania.
In accordance with the law there, it is required to automatically exchange information in︁ the field of taxation (Common Reporting Standard).

In case of any more questions, feel free︂ to contact us.

Stay ZEN,

 

[Forester]

Thank you very much. Really appreciated.

I am copying the previous post to the thread dedicated to Zen and CRS Zen.com and⁢ CRS?. All interested are encouraged to discuss it there, not here (as it would︀ be off-topic here). Thanks!

 

[ilke]

Probably just an attempt at advertising in‍ this thread - their post does not seem related to the topic.
I think you may⁤ have confused 2 countries here.

The Kingdom Bank is incorporated in Dominica (fully the Commonwealth⁣ of Dominica), not in the Dominican Republic. Both countries commonly accept foreigners for banking, but⁢ Dominica licenses solely offshore banks (not generic ones) for this purpose.

Dominica is a CRS/AEoI︀ member, so by inference, this bank should be reporting customers. The Dominican Republic has not︁ signed onto CRS/AEoI.

The Kingdom Bank also have other offshore banks in Dominica, UK and︂ EU EMI, and some other institutions. I presume that their SEPA/SWIFT details are provided by︃ the EMIs in the group or via a bank that is in a relationship with︄ the EMIs (I do not find it likely that an EU bank would be in︅ a relationship with a Dominican offshore bank to issue accounts for them). I have not︆ yet been willing to pay the 2K EUR opening + 250 EUR monthly fees to︇ get a SEPA IBAN or the X thousand + 750 EUR monthly for the SEPA/SWIFT︈ multi-currency IBAN. It seems that they target a higher-risk demographic than I fall under 🙂



See here, for the︋ 2 jurisdictions

 

[ImKing]

very good research @ilke - really not bad. But how is that related to Serbia‌ and CRS ?

 

[Forester]

@ilke, big thanks for correcting me.
Apparently yes. I will get back to it with them later (now I am⁠ in the time stress as travelling.)

Well, I have not confused the countries.︉ I am aware about the distinction. (Your explanation is useful anyway, many people confuse this.)︊
I was confused by / believed in this post Serbia will report to crs ?︋ What bank to choose from serbia? of @clemens – I took from this that The︌ Kingdom Bank was incorporated in Dominican Republic and have not re-checked. My bad. Unfortunately, neither︍ @The Kingdom Bank corrected me here Serbia will report to crs ? What bank to︎ choose from serbia? and here Serbia will report to crs ? What bank to choose️ from serbia? 🙁 Not professional, really.
@leeman , sorry for the misleading information. I am correcting‌ the previous post of mine, not to confuse readers.

No way, unfortunately. See above.

 

[clemens]

What is the problem @Forester !?!

@Martin Everson mentioned Dominica, so I suggested The Kingdom Bank, which is registered in Dominica.⁢ They replied that they can assist with Serbia, and then you completely went berserk on︀ them, accusing them of being a scam and bringing up irrelevant stuff.

I think someone︁ needs to take a closer look at this thread. This surely can't be what you︂ intended, right?

@Sols @Martin Everson @JohnLocke

 

[JohnLocke]

As I see it, @Forester has already clarified in post no. 33 and admitted that‌ he was confused by the thread’s title, your response, and the bank’s reply.

One thing‍ we can confirm is that The Kingdom Bank is legitimate and has made a great⁠ effort to help users here on the forum, including doing a video interview, which is⁤ available in the Mentor Group Gold section.

On behalf of OCT, we apologize for the⁣ misunderstanding, and with that, I’ll be closing this thread to avoid any further unnecessary noise.⁢