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Crypto-friendly Liechtenstein/Swiss banks

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WorldCitizen99

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Jun 6, 2022
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If I were to travel to Liechtenstein or Switzerland, how hard would it be for me to find a bank that will set up a business account
that will accept EUR transfers from an institutional Kraken.com account (crypto-->USDT-->Euros)?
What would their minimum deposit be? I can't deposit more than 100,000 EUR for the time-being but in a year I should be able to deposit at least 500K-1M

I have a company set up in Europe. For the moment I will just be trading cryptos through it.

I have a local provider who is offering to set up the accounts for me (for a not insignificant fee) but I have some free time and I'd be willing to do it myself
and visit 1 or both of those countries and make it into a nice little holiday
 
I think you have a relatively good chance with Bank Frick, especially because they process‌ the payments for Kraken.

If your citizenship/residency are correct, this should not be a problem.‍

They didn't want me with Thai residency, it would be too much risk for them⁠ (but UAE will be released again in the next few months)stupi#21
 
I wrote to Frick before - they needed 500K - can be in cash⁣ or crypto - not crazy about them custodying my crypto although Im curious what they⁢ charge to do so
 
You can try Klarpay, Fiat24, Sygnum, and Amina.

Depending on your overall economic profile, ties‌ to DACH region, and financial ambitions, you can try Liechtenstein Landesbank (LLB), MBaer, Kaleido, Valiant,‍ PostFinance, and some of the cantonal banks. But I don't think your chances of success⁠ are very high with those banks, especially for a business account. 100,000 isn't a lot⁤ to these banks if you're a non-resident.

Or just wait a year until you have⁣ closer to a million at which point Bank Frick might be an option.
 
Thx for that list SOLS!
I could go on a banking vacation!︀ (Something only offshore nerds like me get excited about!)
 
I found this price list, you might⁠ have to translate it.
https://www.bankfrick.li/sites/default/files/documents/LI BA 2517 DE V1.00.BFST_.01.68_de.pdf
500k sounds relatively much, I had⁤ offered to deposit 50,000 and increase it to 100-150 over the rest of the year.⁣

Was only turned down (according to the employee) because of my residency, if I lived⁢ in Europe I could have started straight away.

My consultant recently announced that openings through︀ a contact of him are possible with a deposit of just 200k (about 2-3 weeks︁ ago)

so it seems to be more at the employee's discretion whether and which customers︂ are allowed to open an account here.
 
dont have this option here. you‌ can drop the name public here. great share for the community here.
you arent the‍ consultant so its not even advertising for yourself. thanks.
 
Does it have to be in the EU?
Meaning, is crypto->USDT->U$ dollar a deal breaker?
 
Given the difficulty of finding adequate arrangements, if you have‍ a good setup with USD, I'm all ears!
I've been avoiding opening USD accounts in⁠ Europe bc of FATCA.
Should I not worry and just open a USD acct?
 
Correct me if I am wrong: Isn't this‌ limited to the EU and other vassal states to give info about American citizens (and‍ residents - this is hard AF, though) to the US government (IRS)? 🙄
 
I dont like banks in Liechtenstein because they cannot︂ respect the internal bank secrecy. I prefer Swiss bank but NOT in Tessin.
 
Why not Ticino? Anything we should know about? 🙄
 
Yes you're right
Yes you are right - I am⁢ all mixed up!
Maybe I need to take a break from offshore research....😵
(There was︀ a time where I was wondering if the US would share info with Canada if︁ one opened a USD acct in a country without CRS but that had FATCA but︂ this isn't relevant to me now)
So as a non-US person, I shouldn't care too︃ much about opening USD accounts?
 
if you can 10x your 100k so surely, make︂ it to 10M and go then. Its easy.

spoiler alert: its gonna be the very same

id say because bored︆ bank monkeys playing google bingo with his name 😉
 
If you want to set-up a business account for⁠ this company (or eventually for yourself), as I guess; do not overlook that crypto trading⁤ needs a licence or a registration in many cases, to be fully compliant with regulations⁣ – and any LI/CH bank will be really curious about this.
Well, I agree that travelling to LI/CH can represent︃ a nice holiday, nevertheless be advised that trying to open an account with LI/CH bank︄ without an introducer is much more difficult and can turn your holiday into a really︅ hard time with possibly no success...
Well, I am afraid that 100k is really︊ not enough for them. After a year, with this 500k-1M it would be other story;︋ and I would check also e.g. Cite Gestion in such a case.
Pretty possible. This is a︍ difference between going directly or via introducer 😉
Roughly said, yes – but we are talking about employees in compliance‌ and/or asset managers, not about front line clerks you are usually talking to (especially when‍ you are going directly).
Unfortunately, you are wrong – FATCA implementation is widespread. Even when the particular country did not⁣ sign, many banks in such a country respect FATCA “voluntarily”, as they do not want⁢ to lose access to USD operations (and this access in on the sole discretion of︀ the friendly US administration 😉 )
??? Could you please elaborate more on this, @Tarzanboy1? I would︂ really like to know, what do you mean – what's the background of both your︃ statements...

Yes, if︇ you are not US citizen (or resident), FATCA does not concern you. (To be exact,︈ in theory it concerns you if you open an account in the U.S.A. – then︉ US institutions should report you to your tax residence country. But as far as I︊ know, it's not happening, FATCA is currently the one-way process.)
 
So,
then? rof/% smi(&%

rof/%smi(&%

Or will the term "subservient state" be more appropriate in this context?🙄

I'm always⁣ willing to learn "le mot juste" 😉
 
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