Bank account for Seychelles IBC

[piratechain]

I am looking for an EUR SEPA Bank account for a Seychelles IBC

2 Shareholder: both German

1 Director: Ukrainian

Company exists for 1 year, but was not operating so far, now need a bank account

 

[Martin Everson]

That business falls into high risk no matter your activity due to Seychelles and Ukraine connection.

You can try 3s Money however.

https://3s.money

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

 

[Sols]

Is the Ukrainian director resident in Ukraine?

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This is the probably the answer to your question.

 

[piratechain]

Sols said:
Is the Ukrainian director resident in Ukraine?
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no Perpetual Traveller with no Tax residency, but Ukranian Tax number and Utility bill for Compliance reasons.

A Cyprus Compliance Residency also exists for the director

 

[Sols]

It's going to be difficult but you can try some EMIs with a high risk appetite such as FinXP, Verifo, Paymix, Vialet, Gurupay, Genome, IBS, Zen, Bilderlings, PayDo, Nexpay, and VertoFX.

It's very hard to say what your chances of success are, though.

The UBOs have to be clean, director able to prove proper residence somewhere, and a good, attractive business case.

The biggest problem is the Ukrainian director. While Ukraine as a whole isn't sanctioned, parts of Ukraine are and many are using that a reason to not accept anything involving Ukraine at the moment.

The second biggest problem is that it's a Seychelles IBC, a jurisdiction and entity known mostly for tax evasion.

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This is the probably the answer to your question.

 

[piratechain]

Ok thank you!

1) So better the Cyprus Compiance Residency instead of the Ukranian?

2) What is a good attractive buisness case? The companies sole pupose is actually to distribute dividends to its shareholder as a pass-through entity with buisness generated over a Single Member US LLC.

 

[Sols]

piratechain said:
1) So better the Cyprus Compiance Residency instead of the Ukranian?
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I don't know what compliance residency is, but if the Ukrainian national has a Cypriot residence permit, that'll increase the quality of the application.

piratechain said:
2) What is a good attractive buisness case? The companies sole pupose is actually to distribute dividends to its shareholder as a pass-through entity with buisness generated over a Single Member US LLC.
Click to expand...

What does the US LLC do? Why does the IBC exist? Why don't the shareholders have a GmbH/UG or AG instead?

The entity is probably tax resident in Cyprus. Does it have a Cypriot tax ID? VAT ID?

The more complicated you make it, the less attractive it is for a bank. Especially if they can't make much money on it.

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This is the probably the answer to your question.

 

[piratechain]

We also have a Cyprus Ltd. and used to operate over it.

Now only the US LLC which is not a tax resident in Cyprus and doe snot have a tax id. No Cyprus Tax Resident is a member of the US LLC.

I have been going with my apllications to banks so far to describe only that the Seychelles IBC does Consulting and is issuing invoices to coroprationd and individuals.

In that case the Seychelles IBC will issue the US LLC and will get paid for its "virtual service" so that the Seychelles IBC can distribute dividends, without explaining too much.

 

[BarleyMalt]

Advcash is great and provides IBANs.