Can you use offshore company and bank account in UAE if you are online stock/cryptocurrency trader?

[ernak]

Yes, but I am going to sell crypto on Kraken. For that reason I need IBAN‍ to withdraw my fiat from the exchange. Is transferwise offer IBAN or what is the⁠ best setup for me in this case?

 

[JohnLocke]

Not sure what country you live in (you may not reveal this information on the‌ forum) however, have you looked at some local banks in your country / town if‍ they have any problems with receicing money from kraken or similar services?

For instant I⁠ found a small bank in Sweden which has no problems with crypto.. so far... and⁤ sorry folks I will not mention them here 😉

 

[ernak]

Thanks for the tip, I ll look for some banks near to my home.

 

[JohnK]

Seems Transferwise only have shared IBAN's TransferWise Bank Details | TransferWise Support & FAQ -‌ International Money Transfer