Banking option for Moroccan resident

[HunderZet]

Hello, my friend lives in Morocco and has started an ecommerce business. He has an English LTD and is looking for a bank for his company.

What are the options for him? Knowing that his business is new and generates 2k per month, which is great for Morocco but limits the options in the West
Do you know of any EMIs that might accept his English company, or could he opt for a digital nomad residency in another country (at very low cost)?

 

[yngmind]

HunderZet said:
Hello, my friend lives in Morocco and has started an ecommerce business. He has an English LTD and is looking for a bank for his company.

What are the options for him? Knowing that his business is new and generates 2k per month, which is great for Morocco but limits the options in the West
Do you know of any EMIs that might accept his English company, or could he opt for a digital nomad residency in another country (at very low cost)?
Click to expand...

Payoneer, Wise.

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[Houdini]

If your UK LTD is duly incorporated and you have proof of address, you can apply for almost any european EMI.

Last edited by a moderator: Oct 27, 2024

 

[Forester]

yngmind said:
Payoneer,
Click to expand...

Quite expensive but probably working 😉

yngmind said:
Wise.
Click to expand...

Not much reliable...

Houdini said:
If your UK LTD is duly incorporated and you have proof of address, you can apply for almost any european EMI.
Click to expand...

Well, IMO, UK LTD's with non-resident directors are quite problematic in general; and these with UK resident directors are problematic in EU/EEA, many EMIs accept EU/EEA only clients. But e.g. Zen is worth trying for the abovedescribed case.

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