Bank for Cyprus company

[ypsik]

Hello, im new here.

We making online games(not adult and not gambling).
Our main market is Saudi Arabia. We working in Saudi Arabia (and China) only with another sites, nothing c2b, only b2b. Till now we had 2 companies, german and russian, im german, my partner is russian. Turnout 1.5m together yearly.

3 Month ago our biggest customer told us he is unable to pay to russia anymore.
We decided to open and opened Cyprus company. We hired also polish guy, he worked for us as freelancer and was living on cyprus, as director and wife from him as secritary. So we have office for 2 companies, operated and holding, and 2 employers

We had 10 January meeting on 3 Banks.
BoC, Helenic and Eurobank.
BoC declined directly after meeting. We provided many documents to Eurobank and Helenic, currently we paid only from translation from german 700eur. 4 days ago Eurobank declined, today helenic called us and asked for new clarification documents again.

We are already in troubles because we cant cant our money since 2 Month.
Wich bank is possible to open in next 4 weeks, no matter already onshore of offshore, but not hight risk area, so our saudi customers can pay.
And should be remotly.

 

[Martin Everson]

ypsik said:
Wich bank is possible to open in next 4 weeks, no matter already onshore of offshore, but not hight risk area, so our saudi customers can pay.
And should be remotly.
Click to expand...

Which currency you need account in? Have you not tried any EMI's or is your preference a bank?

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

 

[ypsik]

USD and EUR.
i had revolut and n26 account for my german company 1 year ago, they closed it without giving me reason after 4weeks and we got 2-3 payments 10-30k USD from saudi arabia.
I dont know why they dont like money from this country, think another will be the same after short period of time.
my german bank account for german company working since 3 years well (Postbank) and russian for my partner also(Unicredit).
Have corparate bank account by Bnp Paribas(German branch) also. They told me 2 years ago, they will close my account if i will receive money from Saudi Arabia, China/HK is well.

 

[Martin Everson]

ypsik said:
they closed it without giving me reason after 4weeks and we got 2-3 payments 10-30k USD from saudi arabia.
I dont know why they dont like money from this country, think another will be the same after short period of time.
Click to expand...

Why they don't like the home (Saudi Arabia) of jihadist inspired terrorism, ideology and ISIS funders ? Why they don't like transfers from a country that if you enter their embassy you may leave in black bin bag? Why they don't like transfers from a country that is not a democracy? Why they don't like transfers from a country that until recently never allowed women to drive and women cannot leave the country without permission from their male guardian? Why they don't like money from an oppressive brutal regime whose people are given no freedom of speech and press freedom does not exist?......I agree with you, I have no idea why they don't like wire transfers from Saudi Arabia for gaming 🙄. How mean of these banks.

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

 

[ypsik]

well, you are right, but i still need a bank

 

[cardbit]

Go to Cyprus and check Lebanese banks branches, might work out and more stable incoming payments from Arab world.

 

[JohnLocke]

cardbit said:
Go to Cyprus and check Lebanese banks branches, might work out and more stable incoming payments from Arab world.
Click to expand...

What bank do you consider by suggesting this?

I know FBME bank was around in Cyprus for some years ago.

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[cardbit]

FBME no longer around since four years, I think.

 

[JohnLocke]

cardbit said:
FBME no longer around since four years, I think.
Click to expand...

That's what I wrote, so maybe you want to reveal what Lebanese bank you think about?

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[Martin Everson]

ypsik said:
well, you are right, but i still need a bank
Click to expand...

Have you tried Bank Of Baghdad - they offer International banking services. You have to broaden your horizons my friend if you need a bank.

https://www.bankofbaghdad.com.iq/Subpage.aspx?PageId=280&NewsId=71&menuid=116

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

 

[Mark Rucken]

ypsik said:
Hello, im new here.

We making online games(not adult and not gambling).
Our main market is Saudi Arabia. We working in Saudi Arabia (and China) only with another sites, nothing c2b, only b2b. Till now we had 2 companies, german and russian, im german, my partner is russian. Turnout 1.5m together yearly.

3 Month ago our biggest customer told us he is unable to pay to russia anymore.
We decided to open and opened Cyprus company. We hired also polish guy, he worked for us as freelancer and was living on cyprus, as director and wife from him as secritary. So we have office for 2 companies, operated and holding, and 2 employers

We had 10 January meeting on 3 Banks.
BoC, Helenic and Eurobank.
BoC declined directly after meeting. We provided many documents to Eurobank and Helenic, currently we paid only from translation from german 700eur. 4 days ago Eurobank declined, today helenic called us and asked for new clarification documents again.

We are already in troubles because we cant cant our money since 2 Month.
Wich bank is possible to open in next 4 weeks, no matter already onshore of offshore, but not hight risk area, so our saudi customers can pay.
And should be remotly.
Click to expand...

Contact banks in Macedonia. If your Cyprus Entity can obtain VAT and Tax Residency Certificate, they might be willing to accommodate your business.

 

[ypsik]

thanks,
cimbanque declined today as well, will try macedinia as next

 

[Grawit]

cimbanque rejected after the initial deposit or before?

 

[ypsik]

Before