Need help - Offshore Bank or EMI for a crypto startup

[mhetfield]

Hi , I need your support and guidance in opening an account in an offshore bank or EMI for a crypto startup. The company is registered in Seychelles.

 

[JohnLocke]

There have been a few guys around that were able to help with facilitating banking for such setups but they were in Cyprus and Malta - I believe Seychelles is going to complicate things a lot. Why did you choose Seychelles for the setup?

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[Sols]

With a Seychelles license, you are probably entirely out of options. Not even crypto-friendly EMIs touch offshore, unless you're well known and well connected in the industry.

"Offshore" banks won't touch it because their correspondent banks generally don't allow crypto at all.

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This is the probably the answer to your question.

 

[mhetfield]

We are still working to register in Seychelles. What would be the best offshore country to register a crypto startup? also, what would be the bank or EMI to use?

 

[Sols]

Depends on what the company does. But check Estonia, Gibraltar, Cyprus, Malta, Singapore, Lithuania, and so on.

Look at where your competitors are incorporated/located. Very few that have access to fiat are located or licensed in the Seychelles, or the Seychelles is just one of several licenses they hold.

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This is the probably the answer to your question.

 

[mhetfield]

Thanks.

If we go with Lithuania or Malta, what would be the best bank or EMI?

 

[MrGoodman]

mhetfield said:
Thanks.

If we go with Lithuania or Malta, what would be the best bank or EMI?
Click to expand...

There is Bank of Valetta in Malta. And there is Bankera in Lithuania.

 

[Forester]

mhetfield said:
Thanks.

If we go with Lithuania or Malta, what would be the best bank or EMI?
Click to expand...

Under some circumstances (I mean how your licence, business plan and SOF exactly look) you can be successful with Intergiro that I consider extremely good. (I can help you there, eventually.)
P.S. If you decide to go with Bankera, it is worth to check various opinions here at forum; and recommendable to contact @Gediminas here before...

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[myhand]

Cyprus and Malta would be the only and best choice for your activity. Setting anything up like this in the Seychelles is totally waste of time and money!

You may ask your super agent that help you in the Seychelles to ask getting you a bank account. Either they will take your money and afterwards they sorry dude no account for you or they will say it honest upfront, sorry dude you just incorporated a company in a shithole where you can't get a bank account.

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[Clearsky Network]

Myotra said:
There is Bank of Valetta in Malta. And there is Bankera in Lithuania.
Click to expand...

Bankera has the worst onboarding from my experience. There are much more better solutions, get in touch ill be happy to help.

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