Bank account in countries which accept payments from Belarus

[mzs034]

Good afternoon,

What countries and what banks are still accepting payments to/from Belarus and also work well with EU? Preferably, with semi-fast documents checking procedure when payments are incoming (maximum a week, no waiting a month for payments to be checked). Currency is all USD and EUR, no BYR/RUB. The bank account is for a business that is legal and compliant with EU and US sanctions and regulations. I was thinking countries like Georgia, Kazakhstan, but I have heard that there are problems to do so in Kazakhstan. Turkey maybe?

If it is possible to open a bank account, does it have to be a local company? How difficult/long and expensive is the procedure to buy/open a company and a bank account?

Thank you to anyone who has information.

 

[Fred]

Dubai Company with local Dubai Bank Account.

No issues from UAE Banks however when you send in USD/EUR you can always get questions from Western based Correspondence Banks.

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[mzs034]

Fred said:
Dubai Company with local Dubai Bank Account.

No issues from UAE Banks however when you send in USD/EUR you can always get questions from Western based Correspondence Banks.
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Thank you for the info, I have sent you an e-mail.

 

[CyprusLawyer101]

Cyprus banks acceots incomings from Belarus. At least we are working with Cyprus banks and receiving payments from our clients in Belarus. If the banks are linked with Russian sabctioned banks then this does not apply.

 

[Martin Everson]

mzs034 said:
I was thinking countries like Georgia, Kazakhstan, but I have heard that there are problems to do so in Kazakhstan. Turkey maybe?
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Last time I checked Bank of Georgia owns BNB Bank in Belarus. But BoG bank will have problems anyway as people have seen in this other thread.

https://www.offshorecorptalk.com/threads/problems-with-georgia-because-of-russia.37561/post-215991

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[lostguy]

Fred said:
Dubai Company with local Dubai Bank Account.

No issues from UAE Banks however when you send in USD/EUR you can always get questions from Western based Correspondence Banks.
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what bank can we open accounts with in Dubai without too much hassle? personal visit is required I know.

 

[Fred]

We work with all major Banks ENBD, CBD, ADIB, Mashreq, RAKBANK - which bank depends on your individual case.

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[Houdini]

Fred said:
Dubai Company with local Dubai Bank Account.

No issues from UAE Banks however when you send in USD/EUR you can always get questions from Western based Correspondence Banks.
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still the same ?

 

[Fred]

I'mRobot said:
still the same ?
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Yes - however this doesn't mean that you can't get Correspondence Bank Questions.

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[bizniz]

Most banks in Serbia still receive payments from Russia and Belarus, and of course they work with EU.

 

[Spinat]

What particular bank would that be and how do you get an account there?

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[CoinMaster]

Fred said:
Dubai Company with local Dubai Bank Account.

No issues from UAE Banks however when you send in USD/EUR you can always get questions from Western based Correspondence Banks.
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are you really sure about it?

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[Fred]

CoinMaster said:
are you really sure about it?
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Yes.

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[Ilapin]

Fred said:
Yes.
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I wiould not be that sure about it. Definitely UAE banks have issues with payments from Belarus, depends from what banks and companies. It is always very convinient to say that the problem is in the correspondence banks you bear no responsibility.

 

[mzs034]

Ilapin said:
I wiould not be that sure about it. Definitely UAE banks have issues with payments from Belarus, depends from what banks and companies. It is always very convinient to say that the problem is in the correspondence banks you bear no responsibility.
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I agree.

I can write how it is in UAE from my experience - USD are straight rejections for incoming payments, citing internal policy of own correspondent, EUR works but takes up to 2 weeks for internal review. Other currencies untested but assume similar time, as the due diligence is being done by the UAE side also (as inferred by bankers). All in all, possible to receive money, but not a viable long-term working option.

 

[Mr Eros]

mzs034 said:
I agree.

I can write how it is in UAE from my experience - USD are straight rejections for incoming payments, citing internal policy of own correspondent, EUR works but takes up to 2 weeks for internal review. Other currencies untested but assume similar time, as the due diligence is being done by the UAE side also (as inferred by bankers). All in all, possible to receive money, but not a viable long-term working option.
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Could you please elaborate? What is the name of the bank which you reffer to?

Fred said:
No issues from UAE Banks however when you send in USD/EUR you can always get questions from Western based Correspondence Banks.
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Could you please name those UAE banks which dont have any issues with incoming payment from Russia?

 

[sebastian]

Ilapin said:
I wiould not be that sure about it. Definitely UAE banks have issues with payments from Belarus, depends from what banks and companies. It is always very convinient to say that the problem is in the correspondence banks you bear no responsibility.
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Can someone confirm they still have issues with Belarus banks?