Offshore bank account opening

[kapetan kenta]

Hi everyone this my first post

What is your experience on how much time it can take to open offshore bank account in EU country like Malta for non residents?

 

[icecold]

You want to visit the bank or the agent that is going to help you‌ with the account opening. That would make it much faster. It can take up to‍ 8 weeks for some banks to open an account.

 

[Milky Moon]

Leupay/SATA = Malta/EMI = online.
BoV = Malta/Bank = personal visit needed.

 

[Martin Everson]

Are you from EU?

If so and if your country in EU is one they‌ allow it takes 8 mins to open an account at Ferratum Bank (Malta). Leupay/Sata also‍ good options. Best to open accounts with two banks (main + backup account).

Open a⁠ Free European Bank Account | Ferratum Bank

 

[JohnLocke]

MisterTango, Revolut and LeuPay are great options for EU banking. takes less than 10 min‌ to apply and get approved.. LeuPay can be useless depending on what business you are‍ into.

 

[Samuel Newman]

can you explain in few words what have you meant regarding Leupay?

 

[JohnLocke]

High volume business will not work with LeuPay, it's a fact!

 

[Rachel Brown]

Most EMIs are like that if you have a high volume business you pay‍ 2-4k euros for offshore company, bank acc, etc so u have piece of mind during⁠ the year.

 

[David97255]

@Admin
what is high volume business at your opinion?

 

[Rachel Brown]

Well offshore company + bank account cost you like 2 to 4 k euros per year.‌ Imo if you have net income 100k euros its absolutely worth it. This is just‍ my opinion.

 

[hsnlpy]

Which country ?

 

[JohnLocke]

You have a look at this thread List of Banks, EMI's, Payment processors and BTC‌ to FIAT institutions. where you can read a lot of stuff about online banking and‍ what your options may be.

In order for anyone to answer you more details are⁠ required. For instant how much money do you want to deposit there and what is⁤ the business activity from where this money is coming?

 

[aquarius]

It depends a lot how much you want to deposit. The higher the amount, the‌ better the banks. Low amounts in the Caribbean, Isle of Man low to medium. Quality‍ and solid banks in Singapore starting from a few 100k.

 

[Dygitz08]

Thank you for the link, I'll take a look further. The money will come from my⁣ investment, family-owned business, and my salary. I'm going to deposit around $1500-$2000 for the initial⁢ deposit and maybe I'll add around $300-$1000 each month.
Thank you, the deposit amount is︃ as I say above, and what bank do you recommend there? or is it included︄ in that link above?

 

[aquarius]

With that amount as initial⁣ deposit you can forget Singapore, Hong Kong and probably Cook as well. You could try⁢ Isle of Man or Jersey. Or maybe Switzerland.
Anyway all the banks have websites so︀ you can figure out what the minimum requirements are.

 

[Dygitz08]

Thank you, i just found some. But how do i transfer⁤ my money to there, can i use Transferwise for that?

 

[CaptK]

All of the UK ones will not touch you unless opening⁤ balance is 100K £/€/$

Seychelles or Mauritius is your best bet

 

[JohnLocke]

Unfortunately as already mentioned in this thread the amount is to small for any of⁤ the real offshore banks left. You may consider EMI's and maybe some of the smaller⁣ banks around, in the RESOURCE section of the mentor group there are banks that may⁢ match your requirements.