Opening a company + bank acc in Estonia/Cyprus

[Donven]

Hi,

I would like to open a company and a bank account in Estonia/Cyprus (as i have heard it is a very good option).
The company receiving payments in crypto.
I would like to know from people who made this procedure, to open a company, open a bank account (real physical bank) + EMI account which accepts crypto payments or payments from platforms/compnies involved with crypto (which will send USD/EUR to the bank account).
I am not EU resident.

If there are lawyers here specialized in Estonian law, regulations and tax for non-EU resident, i will be happy to get your assistance for the entire procedure (paid service).

Thank you in advance.

Last edited: Jul 4, 2023

 

[CyprusLaw]

Donven said:
Hi,

I would like to open a company and a bank account in Estonia/Cyprus (as i have heard it is a very good option).
The company receiving payments in crypto.
I would like to know from people who made this procedure, to open a company, open a bank account (real physical bank) + EMI account which accepts crypto payments or payments from platforms/compnies involved with crypto (which will send USD/EUR to the bank account).
I am not EU resident.

If there are lawyers here specialized in Estonian law, regulations and tax for non-EU resident, i will be happy to get your assistance for the entire procedure (paid service).

Thank you in advance.
Click to expand...

Hi,

We can assist with Cyprus.

What will the activities of the company be?

Can PM you to discuss

 

[EliasIT]

What are the requirements for opening a Cyprus bank account in 2023 ? I assume lot's of paperwork is required right?

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If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability!
My personal favorite thread posted in the Mentor Group. Group of investment companies to avoid licensing.

 

[Don]

EliasIT said:
What are the requirements for opening a Cyprus bank account in 2023 ? I assume lot's of paperwork is required right?
Click to expand...

Scrutiny is tighter, otherwise business as usual. The banking got hit recently as Cyprus has been a hub for Russians.Thousands of accounts were closed/frozen, and multiple lawyers were sanctioned.
At minimum you need some economic substance to satisfy the banks risk appetite and present yourself as a profitable client for the bank. I would say that the key is finding a good local service provider.