Easiest bank account for EU company with CEO\ben in CIS country (for Kickstarter)

[ML1]

Hi guys

Wanna hear your opinion what are the best&cheapest places (like UK company and some bank\EMI) to open bank account for EU company aimed exclusively for Kickstarter project (physical elecroniсs)?
Ben and director will be from sanctioned CIS country.
Previously I had positive experience with Paysera, Bankera, some CZ banks, even UBS but that was looong ago.
What are the options now?

 

[SCHLOSSFINANZ]

none

 

[kalikex]

Not a suggestion, but if anything isn't working for you, just go for St. Kitts‌ banks. Alternatively, you can go with China EMI, or you can try Cyprus EMI, but‍ be prepared for the costs.

 

[uplana]

You don't have much of options for your setup. Look for EMI's like Airwallex and‌ maybe Wise can open accounts for you.

 

[Ilias]

What is the jurisdiction of incorporation?

Does the owner have an EU residence permit?

 

[ML1]

Could be any basically EU, US, HK.
No

 

[KJK]

UK company with a beneficiary from Russia/Belarus?

I think banks may actually be more benevolent‌ than EMIs - most EMIs will just straight reject difficult cases while many European banks‍ (like Raiffeisen) still do a lot of business in Russia.
The easiest will probably be⁠ outside of EU in one of the former Soviet countries like Georgia, Kyrgyzstan etc. Or⁤ if you have an existing relationship with a bank, try there.

 

[MrGoodman]

You'd better try banks in Balkans, they still onboard such customers. But be ready that‌ banks in Montenegro, e.g., will restrict your deposits and account balance to 100k unless you‍ have EU or local residency.

 

[TheCryptoAnt]

guys come on just give them some proof of address in a 'nice and kosher'‌ jurisdiction like play the game dont let the game play you.

 

[ML1]

It is not that simple, for personal project ID must be from same country⁠ of bank account => dead end.
But for company's project it is not. At least⁤ basically.
Anyone knows who sells readymade companies with bank account in Mexico, Singapore, Hong Kong,⁣ US, Canada, UK that accept CIS bens?

 

[TheCryptoAnt]

Usually yes most high street banks are only open to⁠ domestic business but some countries are known for being more open to international clients.

if you live in whatever-stan and thats giving you a headache, just make yourself a proof⁤ of address in say Spain or Italy and call it a day. Most banks will⁣ want only your passport, nor your residency card (and even then this can be sourced,⁢ if needed)

 

[daniels27]

What CIS country are we talking about? There are big differences between Armenia and Belarus‌ in terms of possibilities.

 

[ML1]

RU/BY

 

[ML1]

Forgot to mention if we are talking about banking for company it is not a‌ problem to make a 100K USD deposit at personal account.
For example for possible HSBC‍ premiere etc.

 

[daniels27]

Have you tried Armenia, Kazakhstan etc.?

Can you use‌ a UK Ltd or US LLC with some nominees?

 

[crypto7figs]

Then they will report you to that country and you will owe tax⁣ in that specific country? Isn't it?

 

[TheCryptoAnt]

no

 

[crypto7figs]

why not, if CRS is based on country of‌ residence? could you elaborate?

 

[TheCryptoAnt]

you dont 'actually' reside in that country so theres no grounds for‍ taxation.
Youll be reported to that country yes, but you are not a resident there.⁠

 

[crypto7figs]

then do you think will fall into a limbo nowadays? I think it's‍ better chime in a pro to speak about it

@Sols if you may [not asking⁠ to recommend it or not] but your thoughts about what happens in this case