I am unable to open an EMI bank account for my Maltese company

[AngelicaGraham]

I have been trying for the past months to open up an EMI bank account for my ecommerce store. Transferwise (wise) has put me on a waiting list which I dont expect to be over anytime soon. Most EMI banks dont accept Malta because it was previously greylisted. It is also very difficult to open a local bank account here. Does anyone have any solutions or have been through something similar.

Thank you.

 

[Marzio]

Try Intergiro

 

[Martin Everson]

Try Finductive as they are in Malta.

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

 

[Forester]

Generally I agree with @marzio and @Martin Everson; but for a better-founded advice, can you share (or confirm):
”“ You need an account for your company located in Malta, correct (i.e., not for you as a sole trader)?
”“ In such a case, you are the director and UBO as well?
”“ Are you resident of Malta or do you live somewhere else?
”“ What is your citizenship?
”“ Your store is already running or are you a start-up?
”“ What do you trade?
”“ Who are / will be your customers? Individuals or businesses?
”“ (Approximately) expected monthly turnover?
”“ The destinations for incoming and outgoing payments?
”“ What currencies do you need to operate?

(I presume that you went through this thread Maltese Limited Bank account.)

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I am just a simple countryman. Anything I say is only a personal opinion, not a certified advice 🙂

If you think it makes sense, you can like it; if opposite, please, tell me, why I am wrong...

 

[mimi88jp]

Have you tried airwallex

 

[Forester]

mimi88jp said:
Have you tried airwallex
Click to expand...

IMO, sometimes it is a good option, sometimes not (similarly as e.g. Currenxie) ”“ depending on the information I have asked for...

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I am just a simple countryman. Anything I say is only a personal opinion, not a certified advice 🙂

If you think it makes sense, you can like it; if opposite, please, tell me, why I am wrong...

 

[AngelicaGraham]

Martin Everson said:
Try Finductive as they are in Malta.
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Thank you very much for the suggestion, I have just now looked them up and they seem compatible 🙂

 

[AngelicaGraham]

marzio said:
Try Intergiro
Click to expand...

Thank you for the suggestion, I will look into it 🙂

mimi88jp said:
Have you tried airwallex
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I hadn't heard of this until now but I will look into it 🙂

 

[mimi88jp]

AngelicaGraham said:
Thank you for the suggestion, I will look into it 🙂


I hadn't heard of this until now but I will look into it 🙂
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Wirex is also an option

 

[nordic]

Tried wamo?

I've heard they open accounts for Malta companies within 24h.

 

[Jannyjackson]

Forester said:
Generally I agree with @marzio and @Martin Everson; but for a better-founded advice, can you share (or confirm):
”“ You need an account for your company located in Malta, correct (i.e., not for you as a sole trader)?
”“ In such a case, you are the director and UBO as well?
”“ Are you resident of Malta or do you live somewhere else?
”“ What is your citizenship?
”“ Your store is already running or are you a start-up?
”“ What do you trade?
”“ Who are / will be your customers? Individuals or businesses?
”“ (Approximately) expected monthly turnover?
”“ The destinations for incoming and outgoing payments?
”“ What currencies do you need to operate?

(I presume that you went through this thread Maltese Limited Bank account.)
Click to expand...

Hi! And could you please advise any EMI, neobank for a BVI company, a crypto trading firm? The goal to withdraw crypto from corporate accounts at crypto exchanges and to send USD mostly (and EUR sometimes) for different operations services - soft, legal company, office renting, etc. - within EU, to BVI, to USA. 50K-100K monthly turnover.

 

[Forester]

Jannyjackson said:
Hi! And could you please advise any EMI, neobank for a BVI company, a crypto trading firm? The goal to withdraw crypto from corporate accounts at crypto exchanges and to send USD mostly (and EUR sometimes) for different operations services - soft, legal company, office renting, etc. - within EU, to BVI, to USA. 50K-100K monthly turnover.
Click to expand...

Sorry. I am not well oriented re: BVI companies and when it is in addition a crypto trading company ”“ I can't give any advice 🙁

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I am just a simple countryman. Anything I say is only a personal opinion, not a certified advice 🙂

If you think it makes sense, you can like it; if opposite, please, tell me, why I am wrong...

 

[Forester]

Jannyjackson said:
Hi! And could you please advise any EMI, neobank for a BVI company, a crypto trading firm? The goal to withdraw crypto from corporate accounts at crypto exchanges and to send USD mostly (and EUR sometimes) for different operations services - soft, legal company, office renting, etc. - within EU, to BVI, to USA. 50K-100K monthly turnover.
Click to expand...

Forester said:
Sorry. I am not well oriented re: BVI companies and when it is in addition a crypto trading company ”“ I can't give any advice 🙁
Click to expand...

Just one idea have come to my mind: I recalled that EMIs like Currenxie, Statrys and Airwallex (their UK branch) accept BVI companies. Currenxie and Airwallex are definitely not crypto-friendly; but about Statrys I doubt ”“ you can evt. try to ask...

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I am just a simple countryman. Anything I say is only a personal opinion, not a certified advice 🙂

If you think it makes sense, you can like it; if opposite, please, tell me, why I am wrong...

 

[Onassis]

Jannyjackson said:
for a BVI company, a crypto trading firm?
Click to expand...

Have you tried Bank Frick?

 

[Jannyjackson]

Forester said:
Currenxie and Airwallex are definitely not crypto-friendly; but about Statrys I doubt ”“ you can evt. try to ask...
Click to expand...

Thank you, I have read in some thread that "Statrys does not send/receive to/from crypto exchanges". Still, will ask them directly.

Onassis said:
Have you tried Bank Frick?
Click to expand...

We are in a process, thank you!