Bank Account for UK company with Russian director for withdrawing funds from Stripe

[F720GG]

Hello!
My partner has a company in the UK, he needs a corporate account to withdraw money from Stripe. He only has a Russian passport and can only fully confirm an address in the Russian Federation, although he lives mainly abroad. What options are there for him?
1. Opening an account in EMI, which will not care about his address?
2. Crypto OnRamp, to top it up with funds from Stripe and withdraw bitcoins / USDT?
3. Find the services of nominal directors who will manage the company?

 

[Houdini]

There really aren’t many options right now. You’ll find endless threads here on OCT discussing‌ what you can do if you only have a Russian passport and address, and the‍ answer is basically nothing.

No European bank wants to touch it given the current situation.⁠

Relocating and getting a new passport and address outside of Russian territory is the only⁤ real solution.

 

[Martin Everson]

This is it really. As even with UK‍ residency he will be classed as high risk due to his passport. Not many companies⁠ wants a Russia passport on their system for a business account sadly.

 

[F720GG]

As far as I know, he lives outside of Russia, but not in any country‌ permanently. He was never able to legalize himself, so it is easier for him to‍ confirm his old address in Russia, which Stripe accepted as the director's power of attorney.⁠ But when opening accounts, he is always asked not just for an address abroad or⁤ a residence permit in a third country, but a residence permit in an EU country.⁣

Obtaining a passport of another country is not such a simple and fast process (also⁢ he has ID-Cards from another countries). And if most of the income is in cryptocurrency︀ (this is equivalent to income on Russian accounts), then usually no one wants to accept︁ this as SoF for the Digital Nomad Visa.

 

[F720GG]

^^ **Stripe accepted his address in Russia as proof of address, not as "power of‌ attorney" (typo in the message above)

 

[Meta]

Hi. Regarding "he is always asked not just for an address abroad or a residence‌ permit in a third country, but a residence permit in an EU" I can advise‍ that it's a condition derived from EU sanctions rules. Russian nationals are subject to restrictions⁠ unless they have residency in EU. So pretty much no financial institution in EU would⁤ want to facilitate his business if he doesn't have a residence permit in EU.

Some non-EU banks may be fine with any non-Russian address proof. I don't know which countries⁣ are good enough for Stripe to allow withdrawals though.

Non-Russian address proof (say, utility bill)⁢ is the most important thing to start with. Chances are close to zero without it.︀ (It's not going to be easy any way though) Good luck.

 

[EliasIT]

take a look inside mentor group gold or⁠ use photoshop for the utility bill it's the only document still possible to replicate and⁤ adjust to what ever you may need it for.

 

[jorge]

Can you please check your DM

 

[alley]

I'm not sure if this is a solution,⁠ but couldn’t he move to Malta or Cyprus and take up residence there, and then⁤ apply to open a bank account?

 

[dany]

Wild idea, but probably dead on arrival: tell him to marry a︀ British chick, grab that UK passport, and stroll into Barclays like he owns the place.︁ Otherwise… good luck, man

 

[EliasIT]

That's how it has to be done.