Bank for Seychelles IBC

[Leomor]

Please recommend a bank for Seychelles IBC that can open an account remotely.
The main (and only) activity is stock trading own funds via Interactive Brokers.
I am interested in both EU and non-EU banks with reasonable fees.

 

[JohnLocke]

Have you looked into Cyprus banks? or EMI's like Revolut, Mister Tango, AdvCahs etc?

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[Leomor]

Admin said:
Have you looked into Cyprus banks? or EMI's like Revolut, Mister Tango, AdvCahs etc?
Click to expand...

I am going to open an account with LeuPay and/or MisterTango, but I am scared by the stories that EMI's are notorious for blocking the accounts. And I need to make payments for up to 30K.

Cyprus - also looking at.

But I wanted to get ideas about non-EU banks where one can open an account remotely and with reasonable fees.

 

[JohnLocke]

Try Euro Pacific Bank, they are like most offshore banks, expensive and not easy to open accounts with.

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[Leomor]

Tried, they do not accept clients from Ukraine.
Maybe other banks?

 

[Martin Everson]

The banks I had in mind don't accept Ukrainian clients :-(

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[Leomor]

Martin Everson said:
The banks I had in mind don't accept Ukrainian clients :-(
Click to expand...

Martin, do you have other non-European banks in mind that may serve clients from Ukraine with Seychelles IBC?

 

[Martin Everson]

Ukraine + Seychelles IBC = bank rejection

I don't have any suggestions

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[Leomor]

Martin Everson said:
Ukraine + Seychelles IBC = bank rejection

I don't have any suggestions
Click to expand...

Well, there are considerable assets there in a brokerage account with IB. But no bank account to get them out.
What can I do else? Re-domiciliation?

 

[MrTony]

Try Macedonia, Kazakhstan, Armenia, Georgia

 

[JohnLocke]

MrTony said:
Try Macedonia, Kazakhstan, Armenia, Georgia
Click to expand...

Can you mention some banks and maybe some details if it is possible for remote account opening or if they require personal visit or what else you may know?

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[Martin Everson]

Georgia and Kazakhstan require personal visit. I don't think Ukraine nationality will be an issue but Ukraine+Seychelles = rejection

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[Leomor]

MrTony said:
Try Macedonia, Kazakhstan, Armenia, Georgia
Click to expand...

Thanks, could you mention some banks? Do you have experience with these countries?

 

[Leomor]

Martin Everson said:
Georgia and Kazakhstan require personal visit. I don't think Ukraine nationality will be an issue but Ukraine+Seychelles = rejection
Click to expand...

Why is it so - Ukraine not an issue / Seychelles not an issue - Ukraine+Seychelles - big issue?
Is there a regulation, silent regulation or smth?
Is Russia+Seychelles same?

And then, what do you think about re-domiciliation? Or what other options I have?

 

[Martin Everson]

Yes there is sanctions on Russian controlled Ukraine (Crimea) as you know. Some banks have taken the decision to blacklist the whole of Ukraine rather than dig out google map and find which part you live in. It is that simple. Some banks however rightly classify Ukraine as gray listed and hence examine on a case by case basis if it is worth the money for them.

Russia+Seychelles= rejection

Wealthy Russian businessmen buy second passports for this reason and many live outside Russia in UK and elsewhere to get around the issue. However they still have problems in 2018 with Russia-phobia

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[W4rhol]

@Martin Everson What was your idea corporate account for a Seychelle IBC ? I'm currently interested

 

[Leomor]

Martin Everson said:
Yes there is sanctions on Russian controlled Ukraine (Crimea) as you know. Some banks have taken the decision to blacklist the whole of Ukraine rather than dig out google map and find which part you live in. It is that simple. Some banks however rightly classify Ukraine as gray listed and hence examine on a case by case basis if it is worth the money for them.

Russia+Seychelles= rejection

Wealthy Russian businessmen buy second passports for this reason and many live outside Russia in UK and elsewhere to get around the issue. However they still have problems in 2018 with Russia-phobia
Click to expand...

Thanks!
If it was Seychelles+Ukraine citizen/EU resident - would you recommend any banks?
(EuroPac, e.g., asks both residency and citizenship, and denies Ukraine in any of the two...)
I can make the case, however, would need to deal with CRS and higher taxes

 

[MrTony]

Who prevents you to try and ask banks about this?
Just open a list of banks of countries and write to all. Many depend on the nature of your business, transactions, counterparties etc.

 

[Martin Everson]

Leomor said:
If it was Seychelles+Ukraine citizen/EU resident - would you recommend any banks?
Click to expand...

Ukraine+EU Residency no problem. Adding a Seychelles would be hit and miss. There is many people with EU residency and nationality who have an issue to open an account for Seychelles company.

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[W4rhol]

Martin Everson said:
Ukraine+EU Residency no problem. Adding a Seychelles would be hit and miss. There is many people with EU residency and nationality who have an issue to open an account for Seychelles company.
Click to expand...

The problem is Eu residency OR the eu nationality ?