Business account with Swissquote bank in Switzerland ?

[Piano]

Can you open offshore company account with Swissquote bank ?

whigh jurisdictions are accepted ?

 

[Sols]

They expect you to use it primarily for trading, so it won't function like a‌ regular business account.

As far as I know, they don't have any jurisdiction restrictions (aside‍ from sanctioned countries). But if you show up with a non-resident controlled offshore company, you're⁠ automatically going to fall into a higher risk category and require other redeeming factors to⁤ become an attractive applicant.

 

[Dreamy]

Do you think it is possible to send cryptocurrency there, change it to USD, and‌ withdraw it to my bank account? Or, for example, buy stocks / ETFs of different‍ companies there for this money?

 

[lacomaco]

Swissquote does not like the⁠ receive crypto, change it to USD and transfer it out as soon as possible people.⁤ They can see it as potentially money laundering with the risks

 

[troubled soul]

I can smell this.
Maybe they can stop crypto⁠ service? Who knows ???

 

[lacomaco]

I just simply do not understand why someone does not open an‍ account at Kraken, transfer and sell crypto and sends the funds to his home account⁠ instead of doing through a high KYC Swiss bank…

 

[troubled soul]

Some country Bank does⁠ not accept Crypto Payment. May be That's Why

 

[Dreamy]

Maybe because it will⁠ be strange if bank will receive for example amount with 6 numbers on personal account⁤ from crypto stock exchange

 

[Flatworld]

They will ask for a lot of documents. . Then your account opening application may‌ still be rejected. . I think it's a waste of time

 

[troubled soul]

True, It is very hard or I will say next to Impossible to open⁠ an account with them for Non-EU residents.

 

[Cetme308win]

They accept Panama & BVI companies
A lot of people in Latin America uses Swissquote

 

[troubled soul]

Thanks for sharing, I think they have a problem with‍ the Asian countries.

Thanks

 

[Cetme308win]

you are welcome dude!
lemme know more about these issues with‍ asian countries

 

[Dreamy]

What about exUSSR residents? Ru/Ua/Kz? Any expirience with Swissquote?