Is corporate bank account for a business incorporated in Andorra for a non-resident individual (UAE resident) possible in Andorra? For crypto cashout and involving 6 figures per transaction.
Andorra banking help?
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Yes, it's possible.
I was able to open an account with Andbank in 2019 by simply depositing a 150k and providing my EU Passport and address, I still use the account to transact in the mid 6 figures from lux to andorra and vice versa. A lot of things have changed since then, but it's still doable.
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I was able to open an account with Andbank in 2019 by simply depositing a 150k and providing my EU Passport and address, I still use the account to transact in the mid 6 figures from lux to andorra and vice versa. A lot of things have changed since then, but it's still doable.
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Do you have more relevant experience from recent times? What you are referring to is almost 5 years old
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Yes, now for non resident bank account, Andbank private banking requires a minimum deposit of 500K - 1 mil depending on your country of Origin and the Origin of your funds. along side the well-know KYC and AML checks.
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Payment Processing ✓ | Offshore Bank Accounts ✓ | ₿ Crypto On-Off Ramping Services ✓ | High-Risk Industries ✓
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OP is talking crypto cashout here. You saying Andbank is ok with proceeds from crypto for a non-resident run Andorra company?
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Yes.
for non resident companies and individuals. Andbank will Consider opening a corporate bank after being a private client with them
But for Andorran companies, Andbank will consider it if the company has actual operations in the country and it's not just a shelf company. other wise the above points apply.
Btw, I send money from kraken to my andbank account without any major setbacks.
Last edited: Dec 18, 2023
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One-Stop Solutions
Payment Processing ✓ | Offshore Bank Accounts ✓ | ₿ Crypto On-Off Ramping Services ✓ | High-Risk Industries ✓
Let's connect: DM me on Telegram HERE
Russian, LATAM and MENA : SBP, Visa/MasterCard/JCB/MIR?/wallets available | local OTC/e-wallets available per request.
in person
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One-Stop Solutions
Payment Processing ✓ | Offshore Bank Accounts ✓ | ₿ Crypto On-Off Ramping Services ✓ | High-Risk Industries ✓
Let's connect: DM me on Telegram HERE
Russian, LATAM and MENA : SBP, Visa/MasterCard/JCB/MIR?/wallets available | local OTC/e-wallets available per request.
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