Recommended EMI that accepts nominee structures?

[Shift]

Can someone please recommend a trustworthy EMI (or bank) that would accept a Gibraltar based company with a nominee director and shareholder?
ePayments seemed like a good option but that's now off the table. Paysera, Revolut and some others don't accept nominee ownership structures.

We need to at least to be able to accept and send SEPA transfers and we need reasonable transaction fees to be able to do frequent small transactions in a sensible way.

If there are no good options, we might just change the ownership structure...

 

[DGTLOTC]

it's not fully reliant on just having a nominee,what is your nature of business?

 

[Martin Everson]

juul said:
AdvCash accept pretty much anything.
This is to make word count 10
Click to expand...

Yup AdvCash another Russian Yandex, Qiwi and Russian bank card accepting business. Does it not exactly match what I warned people about with epayments in my post below? 🙄

https://www.offshorecorptalk.com/th...e-a-hidden-agenda-be-warned.27167/post-111211
Rule No.1 stay away from all Russian processing EMI's. There are NO exception to that rule.

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

 

[pierino]

does TW accept Cyprus companies with nominees? Google doesn't know..

 

[Socks8]

Shift said:
Can someone please recommend a trustworthy EMI (or bank) that would accept a Gibraltar based company with a nominee director and shareholder?
ePayments seemed like a good option but that's now off the table. Paysera, Revolut and some others don't accept nominee ownership structures.

We need to at least to be able to accept and send SEPA transfers and we need reasonable transaction fees to be able to do frequent small transactions in a sensible way.

If there are no good options, we might just change the ownership structure...
Click to expand...

HI did you find any solution? I also have Gib company and same problem with bank 🙁

 

[Clip]

pierino said:
does TW accept Cyprus companies with nominees? Google doesn't know..
Click to expand...

Some people in this forum tried and it didn't work

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Expat in Hong Kong - There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt. - John Adams

 

[arsonist]

I went with Gibraltar too. Hope I don't have a problem about banking. I have also nominee and shareholder. I work with Turnerlittle and hope they can open an a bank account for me. They say they can. Got a little bit worried after people have problems with that

 

[Perry8]

Socks8 said:
HI did you find any solution? I also have Gib company and same problem with bank
Click to expand...

A Gibraltar company will struggle to get at normal bank account unless you are really based there. If you hire an office and pay local bills, there are local banks that will accept you - of course subject to normal KYC/AML procedures.

If you are not prepared to do that you can get an EMI for your company. There are several that accepts Gibraltar companies.

 

[arsonist]

I work with littleturner I think they should find a way out. Only a week or two I am working with them and so excited about it.
I also got nominee and shareholder. Just waiting for good news

 

[uplana]

pierino said:
does TW accept Cyprus companies with nominees? Google doesn't know..
Click to expand...

it works with nominees if you get their passport or if they want to send it to TW!

Perry8 said:
There are several that accepts Gibraltar companies.
Click to expand...

Any suggestions?

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[Perry8]

uplana said:
Any suggestions?
Click to expand...

If you have nomiee director and nominee shareholder, there are not a lot of EMIs that accept that. For a Gibraltar company with nominee shareholder and nominee director I have managed to get EMI acounts with epayments (now at least temporarily out of business) and Leopay. I am sure you can find other ones as well.

I stress that this is when you are completely open about having nominees.

 

[mareinis]

Martin Everson said:
Yup AdvCash another Russian Yandex, Qiwi and Russian bank card accepting business. Does it not exactly match what I warned people about with epayments in my post below? 🙄

https://www.offshorecorptalk.com/th...e-a-hidden-agenda-be-warned.27167/post-111211
Rule No.1 stay away from all Russian processing EMI's. There are NO exception to that rule.
Click to expand...

I do not agree, I am from Russia and Yandex, Webmoney and other providers are very stable and good !
But I do not think they will open an account for business, they are mostly for private persons.

 

[arsonist]

Perry8 said:
A Gibraltar company will struggle to get at normal bank account unless you are really based there. If you hire an office and pay local bills, there are local banks that will accept you - of course subject to normal KYC/AML procedures.

If you are not prepared to do that you can get an EMI for your company. There are several that accepts Gibraltar companies.
Click to expand...

What KYC? There are nominie and shareholder. How they identify you?

 

[Gediminas]

arsonist said:
What KYC? There are nominie and shareholder. How they identify you?
Click to expand...

You still have to disclose the UBO information when registering to any financial institution.

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[arsonist]

So the bank may leak it?
Or name appeal in transactions?

 

[Gediminas]

arsonist said:
So the bank may leak it?
Or name appeal in transactions?
Click to expand...

The bank won't "leak" it. If the bank participates in the CRS program, they will exchange the information about your account with your tax office.

https://en.wikipedia.org/wiki/Common_Reporting_Standard

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[arsonist]

Gediminas said:
The bank won't "leak" it. If the bank participates in the CRS program, they will exchange the information about your account with your tax office.

https://en.wikipedia.org/wiki/Common_Reporting_Standard
Click to expand...

Good informations. Thank you.

 

[Perry8]

arsonist said:
What KYC? There are nominie and shareholder. How they identify you?
Click to expand...

You are required to give information to the bank/EMI who the UBO is. If you have nominees, then obviusly the information about UBO will differ from who the shareholder is, and so they will know that you have nominees.

Now, you can of course find nominees that will not tell, but then you are not playing buy the rules anymore.

No, the bank/EMI will not "leak it", but they can report who the UBO is - if required to do so under the CRS.

 

[arsonist]

So you mess with nominees or government in the end.

 

[arsonist]

Gediminas said:
The bank won't "leak" it. If the bank participates in the CRS program, they will exchange the information about your account with your tax office.

https://en.wikipedia.org/wiki/Common_Reporting_Standard
Click to expand...

and at this point where is my "tax office"