EU Banks Open to Non-Residents

[Tax Cow]

maxmmm said:
Interesting, where did you find it?
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Experience my friend.

It's usually better to get the non-resident EU bank account via economic justification, instead of letting 250-500K rot on a zero/sub-zero yield account. The only downside is the paperwork and tax reporting related to rental income.

 

[Tax Cow]

Speaking of 250K deposit, Citibank in London is open too - Access to SWIFT, local UK payments as well as SEPA network via one account.

That's better than let's say a Lux account which only gets you SEPA and SWIFT.

 

[Artemis Eleutheria]

Martin Everson said:
You mean is Barclays Bank International reliable or not?
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Bank and reliable does not belong in the same sentence without a negation in between.

 

[Artemis Eleutheria]

BCEE Luxembourg Private customers are somewhat less unreliable than the other banks mentioned here ... and they will even consider Americans.

 

[Martin Everson]

I have had a private banking relationship with BCEE since forever. They are rated in the top 10 safest banks around in 2018 period.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[Tax Cow]

@Artemis Eleutheria @Martin Everson How much they ask for deposit from non-EU residents? Surely, it's not just the 8.5 eur/month fee to maintain the "zebra" account?

 

[Martin Everson]

xzars said:
How much they ask for deposit from non-EU residents?
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I have never asked them that. You need to ideally show a connection to Luxembourg. In my case I used to live there. You also need to make personal visit but you can ask them directly.


Retail Customer Fees:

https://www.bcee.lu/fileadmin/media...er_2019_particuliers_version_finale_EN_01.pdf
Professional Customer Fees:

https://www.bcee.lu/fileadmin/media..._2019_professionnels_version_finale_EN_01.pdf

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[StuartG]

Are any of these banks ok for opening a corporate non -resident account?

 

[Spinat]

Martin Everson said:
You need to ideally show a connection to Luxembourg.
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Incorporating a company there would solve that right?

Any privacy benefits you can think of to place your asset in Luxembourg? They have CRS in place there?

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Specialized in advisory service for tailor made Offshore setups with banking and payment processing. Privacy and Anonymity is my priority.
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[Martin Everson]

blueweb said:
Incorporating a company there would solve that right?
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Maybe, you can apply online below for a business relationship I think and see how it goes. I guess when it asks about connection to Lux you would select "Authorized representative of a legal entity" in that case conf/(%.

https://www.bcee.lu/en/private-cust...to-set-up-a-business-relationship/?no_cache=1

blueweb said:
Any privacy benefits you can think of to place your asset in Luxembourg? They have CRS in place there?
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Used to be as private as Switzerland if not more so. However CRS is in place. Only benefit of Lux is stability, banking expertise for investment clients and a top place to keep funds, gold etc and sleep well at night.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[GrumpyMess]

Martin Everson said:
sleep well at night
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When CRS is in place you can't sleep well anyway. However from other sides the bank seems very reliable.

There is one more important question to the thread, are the above mentioned banks dealing with usd accounts for non-residents?

 

[BlueMist]

BIL Luxembourg has a pretty straightforward online application. Has anyone tried to remotely open a bank account there?

 

[Marie Manila]

As far as I know, BIL provides Private Banking for Non-Residents. It will be hard to open a current account, if you do not live in EU.

 

[speedster]

N26 opens accounts online, and we need 50 characters to post

 

[traveller79]

As a non-resident, but EU citizen I have been able to open real bank accounts in person:

- Asset international Bulgaria
- Raiffeisen Poland
- HSBC UK

All these three during 2019, without minimum deposit.

Will try new countries in 2020.

 

[Milky Moon]

EU citizens can bank relatively easily with banks in another EU countries.

1) You need to be born in the EU; (otherwise it might be more difficult)
2) You need to consider the languages offered by the bank; (local and sometimes English)
3) You need to know if they specialize in a certain 'non-resident' area; (cross border traffic, expats)
4) You need to have a good cover story; (I want a euro/zloty account, as I intent to {move,buy} X)

Online banks are easy; bunq, n26.
Retail banks that do online opening: DKB.de, ComDirect.de, HSBC.fr.
A lot of banks will open in person, make sure you adapt #4 to fit the bank.
It is not forbidden to open a account elsewhere in the EU, tax information will be exchanged!
Banks use verification methods that defeat 'the darks', so only open with real ID's.

 

[Joe Blasco]

traveller79 said:
As a non-resident, but EU citizen I have been able to open real bank accounts in person:

- Asset international Bulgaria
- Raiffeisen Poland
- HSBC UK

All these three during 2019, without minimum deposit.

Will try new countries in 2020.
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in Asset if I am guessing right you opened and corporate account, correct ?

 

[traveller79]

Joe Blasco said:
in Asset if I am guessing right you opened and corporate account, correct ?
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Both personal and corporate (Bulgarian LTD).

 

[Joe Blasco]

traveller79 said:
Both personal and corporate (Bulgarian LTD).
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ok I know with whom you opened the accounts, very nice guy, it s a small world...

 

[Elitegold7]

Joe Blasco said:
ok I know with whom you opened the accounts, very nice guy, it s a small world...
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Care to share? I am interested.