Cyprus Company (Bank account issue)

[rbmail]

Hello,

I created a company in Cyprus for an online business which I am starting, and for that reason it has no customers yet. It turns out that when I try to open a bank account they are all asking for a "cooperation agreement" with customers/partners, and because it is a new business I can't provide what they ask it has no customers yet.

Does anyone know any solution for this matter?

Best regards,

RB

 

[Gediminas]

rbmail said:
Hello,

I created a company in Cyprus for an online business which I am starting, and for that reason it has no customers yet. It turns out that when I try to open a bank account they are all asking for a "cooperation agreement" with customers/partners, and because it is a new business I can't provide what they ask it has no customers yet.

Does anyone know any solution for this matter?

Best regards,

RB
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Have you tried explaining this to the bank?

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[rbmail]

Yes but they insist on asking for what i can't give. I don't know what i can do more, this company have 5 month's and i can't have bank account to start operate.

Anyone can help me?

 

[Gediminas]

Just open an account in another jurisdiction. Bank of Cyprus is not the best option anyway.

Drop me an email if you need some help.

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[Martin Everson]

The classic chicken and egg scenario. Find an EMI then make your way to the bank once you have customers.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[rbmail]

Martin Everson said:
The classic chicken and egg scenario. Find an EMI then make your way to the bank once you have customers.
Click to expand...

Thank you for your help.

Do you recommend any EMI?

 

[Martin Everson]

rbmail said:
Do you recommend any EMI?
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Transferwise.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[rbmail]

Martin Everson said:
Transferwise.
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Sorry but can you recommend any other? do not include Transferwise and Paysera (i have personal account with them and i prefer to do not mix business/personal accounts).

Thank you.

 

[Gediminas]

rbmail said:
Thank you for your help.

Do you recommend any EMI?
Click to expand...

Bankera

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[rbmail]

Gediminas said:
Bankera
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I will try. Thank you for all your help.