Bank account and company for bitcoin exchange

[arjunking]

Hi

I am from India and I want to a bitcoin exchange in Europe. I would be mostly be using ewallets like okpay and advcash for FIAT transactions but I would need a bank account in SEPA region.

Please recommend in which county I should form the corporation.
Which bank supports bitcoin exchange? I would need one in SEPA region.
Is there any consultancy that can provide me with all the services?
Should I keep anonymity in opening this firm and business?

I would also like to use a bank account to arbitrage among multiple exchanges. Would any bank allow that?

Thanks in advance

 

[negon]

You want to see this thread Bitcoin friendly Banks or EMIs which actually list a few great options for crypt banking. You may approach the banks if they have any unsupported countries / offshore jurisdiction and then find the right place to incorporate.

I assume jurisdictions like: Cyprus, Malta, BVI are some of the best options and even supported by these banks!

 

[arjunking]

auric said:
You want to see this thread Bitcoin friendly Banks or EMIs which actually list a few great options for crypt banking. You may approach the banks if they have any unsupported countries / offshore jurisdiction and then find the right place to incorporate.

I assume jurisdictions like: Cyprus, Malta, BVI are some of the best options and even supported by these banks!
Click to expand...

Thank you for reply.
Can you recommend any agency which can help me in setting up the company and bank account?

 

[negon]

I'm using offshorecorpgroup.com for all my setups, works actually great for me.

 

[arjunking]

auric said:
I'm using offshorecorpgroup.com for all my setups, works actually great for me.
Click to expand...

Thanks for that. I had sent them an email yesterday but still waiting for their reply.

Can you suggest me which country I should incorporate in?
I can see that it is cheapest in Seychelles and it has the least reporting requirements.
But still I see that people suggest Cyprus or Malta over it. Why would they suggest that? Is it cause that they are in the SEPA zone and Seychelles isnt? But then we can open a bank account for Seychelles incorporated firms in any of the SEPA zone banks.

And would you recommend Latvia or Slovenia?

 

[negon]

Well, the problem is not the company it is the bank. Most banks within the SEPA zone / Europe will refuse to do business with a Seychelles or Belize company.. so you get limited to Cyprus and a few other banks. If you incorporate in Cyprus or Malta you can make use of the Balticum banks which you can find mentioned in latest threads on the forum.

Most of these banks are crypto currency friendly and allow your business. The banks in Cyprus neither like Crypto business!

 

[diablo]

You can get around by loading your revolut account with a anonymous debit card then withdraw the money to a normal (any) bank account. Just tested it this week and it works great.

First I thought it wasn't useful for anything but after some hours it suddenly striked me, this is useful.

 

[JohnLocke]

Do you think this works for large sums too? I wonder if they have any loading limit with debit / credit cards.

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[diablo]

All of this can easely be accomplished using Revolut, MisterTango or TransferWise.