Yes, in fact my goal is to receive payments for my work, and I can use that money abroad, and buy on the internet for example, a Cuban account is worthless, it only works︀ here and it devalues more and more unless I take the money in usd in︁ cash
Online bank or EMI that accepts Cuba resident?
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Fully understandable.
In such a case, one more question: Is it legal (or, let's say, bearably safe) for you to be an owner / a shareholder of a foreign company? Because, you need a business account anyway; and in some cases it is easier to bank as a company than︀ as a freelancer...
In such a case, one more question: Is it legal (or, let's say, bearably safe) for you to be an owner / a shareholder of a foreign company? Because, you need a business account anyway; and in some cases it is easier to bank as a company than︀ as a freelancer...
I am a web developer but in my country that type of license is complicated and receiving payments from abroad, what I need is to save money like a normal person, I hope things will be easier for Cuba but it is difficult. I need something like︀ wise, rebolut, or online bank, etc
Well, OK; I understand.
But be advised that
1) If you can afford to establish / to be a shareholder of a company abroad (I do not know it), then this company can acquire such a licence in the respective country – if it is even necessary (in many countries, you do not need a special licence for web development).
2) If you intend to use the account for payments for your work, it must not be a personal︀ account but a business/freelancer one.
Otherwise you will be finished when you obtain the first︁ payment – you will be almost surely asked for a reason for payment / the︂ source of funds; and when you show the invoice, account will be suspended for breaking︃ the terms of service. (Bottom line: There is usually a different pricing for personal and︄ business accounts, the latter being more expensive. And nobody is happy if you pay him︅ differently than you should.)
Usually, you can use a personal account for receiving the money︆ for your work if and only if you are an employee, or a semi-employee (some︇ one-time work contract or so, it depends on jurisdiction). Not to be payed as freelancer︈ who is issuing invoices.
(And if you work – and are paid – without any︉ contract /what happens frequently/, you will face heavy problems when declaring the source of funds;︊ in fact, this is feasible nowadays only using cash or crypto.)
But be advised that
1) If you can afford to establish / to be a shareholder of a company abroad (I do not know it), then this company can acquire such a licence in the respective country – if it is even necessary (in many countries, you do not need a special licence for web development).
2) If you intend to use the account for payments for your work, it must not be a personal︀ account but a business/freelancer one.
Otherwise you will be finished when you obtain the first︁ payment – you will be almost surely asked for a reason for payment / the︂ source of funds; and when you show the invoice, account will be suspended for breaking︃ the terms of service. (Bottom line: There is usually a different pricing for personal and︄ business accounts, the latter being more expensive. And nobody is happy if you pay him︅ differently than you should.)
Usually, you can use a personal account for receiving the money︆ for your work if and only if you are an employee, or a semi-employee (some︇ one-time work contract or so, it depends on jurisdiction). Not to be payed as freelancer︈ who is issuing invoices.
(And if you work – and are paid – without any︉ contract /what happens frequently/, you will face heavy problems when declaring the source of funds;︊ in fact, this is feasible nowadays only using cash or crypto.)
Y
Thanks for your answer,
Yes you are right about︊ all that.
Now, I would like to know what business account for freelancing, to do︋ things right, could I create or recommend as a Cuban citizen?
What about the kingdom bank?
Any experience or advice
Thanks for your answer,
Yes you are right about︊ all that.
Now, I would like to know what business account for freelancing, to do︋ things right, could I create or recommend as a Cuban citizen?
What about the kingdom bank?
Any experience or advice
Well. They are advertising here (I mean OCT), so I think they are not scammers, in principle – otherwise @James Spader (and the other guys) would not allow it, I believe.
It is Dominicana, so perhaps suitable country for you.
Nevertheless, I went through the reviews and feedback here Search results for query: Kingdom bank (I presume you did it too, if not, do! especially this thread Question - Bank account in Dominica with IBAN, it is generally inspirative) and my impressions are mixed. It really seems like it is an alternative if you have problems to find an EMI or neobank that wants to accept your business; but it is not working as well as another solutions. They perhaps︀ just give you a USDT-TRC20 wallet address, with basically unlimited deposits possible, and don't ask︁ for proof of source of funds, invoices, contracts etc. and in addition they can open︂ for you an EUR SEPA account, seemingly with some Lithuanian EMI; and in many cases,︃ all this is quite expensive.
Perhaps, in your particular case, it is worth trying, but︄ carefully. There is one more issue I would like to mention but I consider better︅ not to do it in public; I will PM you.
One more remark: I guess︆ that for you it will be better to apply for a pooled account / shared︇ IBAN, as a) Lithuanian institution will not be very friendly to Cubans, I am afraid;︈ b) you need just some possibility to obtain payments from your clients and pay for︉ some goods and services and for such a purpose it will probably do and will︊ be less expensive. But it's only a detail now.
It is Dominicana, so perhaps suitable country for you.
Nevertheless, I went through the reviews and feedback here Search results for query: Kingdom bank (I presume you did it too, if not, do! especially this thread Question - Bank account in Dominica with IBAN, it is generally inspirative) and my impressions are mixed. It really seems like it is an alternative if you have problems to find an EMI or neobank that wants to accept your business; but it is not working as well as another solutions. They perhaps︀ just give you a USDT-TRC20 wallet address, with basically unlimited deposits possible, and don't ask︁ for proof of source of funds, invoices, contracts etc. and in addition they can open︂ for you an EUR SEPA account, seemingly with some Lithuanian EMI; and in many cases,︃ all this is quite expensive.
Perhaps, in your particular case, it is worth trying, but︄ carefully. There is one more issue I would like to mention but I consider better︅ not to do it in public; I will PM you.
One more remark: I guess︆ that for you it will be better to apply for a pooled account / shared︇ IBAN, as a) Lithuanian institution will not be very friendly to Cubans, I am afraid;︈ b) you need just some possibility to obtain payments from your clients and pay for︉ some goods and services and for such a purpose it will probably do and will︊ be less expensive. But it's only a detail now.
Thanks, yes, I searched about them too, I am going to ask them about IBAN︍ account owner name, but it is also expensive that they tell me
I tried a︉ payonner account telling that I am brazilian resident with cuban citizenship and I verified me︊ with my passport but thet declined the account
I tried a︉ payonner account telling that I am brazilian resident with cuban citizenship and I verified me︊ with my passport but thet declined the account
Can you share the reason for rejection?
Of course 🙂 Nevertheless, I understand that
– not every customer accepts option to pay in crypto (in some/many?/ countries it︀ leads to unpleasant accounting complications);
– not everything is on sale for crypto...
Of course 🙂 Nevertheless, I understand that
– not every customer accepts option to pay in crypto (in some/many?/ countries it︀ leads to unpleasant accounting complications);
– not everything is on sale for crypto...
You have tried to seek help, and if it is possible to open an account in the emirates and live in Cuba, it is enough to know how
Just one more idea: I discovered yesterday, just by coincidence, that Verifo should also accept Cuba residents, see here Prohibited jurisdictions - Verifo. It is another Lithuania IBAN, IMO remarkably more reputable than Bankera. Consider asking for a freelancer account there, they have such an offer. The monthly maintenance fee is quite high; but if you have no other possibility and some turnover... (furthermore, AFAIK, they are generally open to negotiation, so maybe even in this case).
Aaash, that's bad, as it can be a deal break, unfortunately. And it is definitely not specific for your residence, e.g. I experienced the same issue with a big EU mobile operator and a Swiss banking institution. Verifo staff might be not able to do very much with it. But if there is more mobile telephone operators in Cuba, try it with a SIM card of another one, it can help. Or, if you have a prepaid card, try with a post-paid one, it might help, too (although changing the operator is︀ better). (For the technical explanation, search some mobile telephony /MT/ knowledge base; it is related︁ to some subtle aspects of MT networks interoperability that I am unable to reproduce, I︂ am only aware of it 😉 )
In such a case, inform/ask Verifo beforehand. It is usually expected that you are using a MT number from the same country as you reside and using a foreign number (altough legal and technically possible) can set some red flag that is difficult to unset afterwards 🙂
(BTW, so there is only one MT operator in Cuba, I guess? I am just curious.)
(BTW, so there is only one MT operator in Cuba, I guess? I am just curious.)
Yes, we only have one operator, lol,
here the companies answer to the government and there is not much to choose from
BTW, Thanks to this forum and Forester I have learned a lot, and I found solutions for my case.
Bankera and Spectrocoin accept Cuban residents, I applied and verified with them for personal accounts, also issued their physical cards, and I sent it to Spain, It only took about 7 or 8 business days for the two cards to arrive for free︀ method.
I also tried with The Kingdom Bank and they also accepts my application as︁ Cuban resident. This is another option for us.
Verifo can be another alternative but I︂ have not been able to register yet,
I was also looking for Xolo.io and Ruul︃ (Rimuut) to be able to receive payments from companies for my freelance work and they︄ accepted my application with my normal documents. Now I can receive payments with them and︅ transfer it to a personal account.
Thanks for helping me find solutions and a little︆ financial independence outside of this country.
here the companies answer to the government and there is not much to choose from
BTW, Thanks to this forum and Forester I have learned a lot, and I found solutions for my case.
Bankera and Spectrocoin accept Cuban residents, I applied and verified with them for personal accounts, also issued their physical cards, and I sent it to Spain, It only took about 7 or 8 business days for the two cards to arrive for free︀ method.
I also tried with The Kingdom Bank and they also accepts my application as︁ Cuban resident. This is another option for us.
Verifo can be another alternative but I︂ have not been able to register yet,
I was also looking for Xolo.io and Ruul︃ (Rimuut) to be able to receive payments from companies for my freelance work and they︄ accepted my application with my normal documents. Now I can receive payments with them and︅ transfer it to a personal account.
Thanks for helping me find solutions and a little︆ financial independence outside of this country.
Opening bank accounts in west with Cuban documents is a very questionable tactic from the beginning. All it takes is one wrong statement from the current management of his country and accounts are gone, frozen for years. Russians experienced exactly that only a few months ago. Only choices are large bricks countries with liabilities that come with them. You need western papers to bank in the west.
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