Need Bank account in Isle of man

[james David]

Dear All,
We do need to have bank account in Isle of man? any recommendations? bank list?

 

[JohnLocke]

This is interesting. I have seen a few threads started before with the same question‌ but so far there was never someone that had any name or solution to get‍ an account there!

 

[Suzy Emerald]

List of Banks in the Isle of Man

 

[globalconsultancy]

I like Standard Bank. They have a 5,000 EUR/USD/GBP minimum deposit requirement, and the onboarding‌ process can take time, but they are a solid, reputable bank.

 

[Suzy Emerald]

Does Standard bank open accounts for IBCs from Belize?

 

[globalconsultancy]

Not as far as I know. They don't like companies set up in Caribbean zero-tax‍ jurisdictions. Unless your business has a legitimate African connection (Standard is big in Africa), they⁠ will probably say no to you.

 

[negon]

Did you find any bank there that is accepting foreign companies?

 

[Mark Rucken]

I tried contacting a few IoM banks and they all rejected my application for foreign‌ companies saying they work with residents of IoM or UK only ...

 

[blizz]

So does this mean a foreigner can setup a company there and⁠ they will accept a bank account opening? Did you ask them about this?

 

[clemens]

I wonder the same! - anyone know?