Question What low-deposit personal EU bank accounts can non-EU residents open via personal visit?
- Thread starter xeathk
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Well, AFAIK, they can but definitely not always do ”“ it depends on your passport, residence and a (shared) motivation for opening an account. From what I heard, Bank Millennium was more open, if we talk about Poland.
What country/ies you have in mind? Poland and its neighbours?
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I am just a simple countryman. Anything I say is only a personal opinion, not a certified advice 🙂
If you think it makes sense, you can like it; if opposite, please, tell me, why I am wrong...
Yes, you're right. I have a Chinese passport, and I've heard that Bank Millennium may require a PESEL (Polish national ID number) to open an account. But I will try it later.
Any EU member or Schengen country is great.
As an EU citizen you will be able to open bank accounts in most banks in Europe depending on your business and purpose.
For people outside EU and Europe I think it will get much more difficult.
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For people outside EU and Europe I think it will get much more difficult.
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Well, PESEL is not the core problem, they are not required to have it. But see below.
It is true that a Chinese passport is not the best for this task (but not the worst). Do you have a (mainland) China residency, too?
I think the core problem is, what is your motivation for having an account, what do you need it for. It will be one of the first questions you will be asked anywhere; and the answer that could be accepted differs.
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I am just a simple countryman. Anything I say is only a personal opinion, not a certified advice 🙂
If you think it makes sense, you can like it; if opposite, please, tell me, why I am wrong...
Directly related to the following: 😉
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I am just a simple countryman. Anything I say is only a personal opinion, not a certified advice 🙂
If you think it makes sense, you can like it; if opposite, please, tell me, why I am wrong...
Yes, I have a China residency.
Chinese passports are required to apply for a U.S. visa. XD
I'm a weirdo who likes to collect bank accounts when I'm travelling
For now, I can confirm these banks in Poland:
Citi Handlowy
PKO Bank
Bank Millennium
Santander
ING
🙂 Well, if you play it like this, you can take it easy 😉
IMO, you have better chances in countries using their own currency, not EUR ”“ with a story like “I am travelling a lot to this country /some light proofs needed/, hence I would be happy to have a local currency account” (confirm at first that the bank offers just multi-currency accounts, it is quite common), you can be quite successful. (Especially if you were able to name a few local Chinese restaurant owners as your friends and/or relatives 😉; and learn in the local language how to say “Good morning” and “Thank you” at least /yes, perhaps a nightmare for you but pretty efficient/. )
E.g. in the closest PL neighbour Czechia I recommend Raiffeisen.
Well, if you have opened accounts with all of them (please confirm 🙂 ), you are really good. Especially ING is not reported to be easy, from what I have heard.
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I am just a simple countryman. Anything I say is only a personal opinion, not a certified advice 🙂
If you think it makes sense, you can like it; if opposite, please, tell me, why I am wrong...
Actually, to me, ING is the easiest!
ING, in my experience, is the leading banking meretrix of all the banking meretrices in Europe smi(&%
Well, anyone's mileage may vary, as apparent...
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I am just a simple countryman. Anything I say is only a personal opinion, not a certified advice 🙂
If you think it makes sense, you can like it; if opposite, please, tell me, why I am wrong...
Do you have an experience with Raiffeisen Czech? I checked their website:
https://www.rb.cz/en/personal/accounts/current-accounts/chytry-ucet
> Your ID card or another proof of identity
> Czech residence permit or another document establishing your relation to the Czech Republic
My relation to Czech is that I have bought tons of naked Czech art. XDDDDDDDDD
Well, if they are really asking now for some formal “document establishing your relation to the Czech Republic” then times have changed (unsuprisingly 🙁).
Some time ago they were happy with a decent proof that you visited CZ repeatedly in the last ~12 months (visa + passport stamps), spent some reasonable money there (a bunch of receipts from antique shops) and a promise that for the next time, you would pay with their card 😉
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I am just a simple countryman. Anything I say is only a personal opinion, not a certified advice 🙂
If you think it makes sense, you can like it; if opposite, please, tell me, why I am wrong...
I've heard that you can buy a house in some reputable countries and then go to a local bank and open a personal account. ( Like Belgium, etc.)
Maybe I'll try the Czech Republic, I think my economic connection to the Czech Republic could be that I loved The Little Mole when I was a child.
Sure. I can confirm that an ownership of a real estate is usually a good reason for being onboarded by a bank in the respective country.
(Just beware not to become endangered by becoming a tax resident there; it is quite common to count you somehow as a tax-resident when you buy a real estate and the question is just what is then taxed and how much 😉 )
🙂 🙂
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I am just a simple countryman. Anything I say is only a personal opinion, not a certified advice 🙂
If you think it makes sense, you can like it; if opposite, please, tell me, why I am wrong...
This! This is the MOST overlooked aspect of owning a vacation home in a country that uses it to tax you worldwide. This is a major energy suck. Also, you can't defend your abode if you are not there. Squatters can easily move in and cause all kinds of headaches. For example, ask @Radko about Spain.
Or...the most prevalent scenario...
Criminal Tax agents (=tautology 😉 ) target non-residents, especially foreigners, and make you hire a local lawyer to defend yourself. They go back and forth with your lawyer for years while you are forced to pay your lawyer until you spend a huge amount on the lawyer, so he pays the Tax Agency 50% (tax on his income), or they steal your house with the signature of their buddy, they call the "judge." If you put up too much of a fight, they alert the countries of your residency and citizenship, assuming they are NOT the same, via the MLAT and you'll have to defend there too.
I've seen this play out hundreds of times in my life (+4 decades in business), and my dad and uncles used to have endless stories about this. I have a (distant - not distant enough, though) cousin who works for a tax agency, and he's in a department dedicated to these types of chicaneries. He brags about it constantly, too. 😡 He absolutely sees NOTHING wrong with his behavior, and frankly, neither do those who surround him.😡 (and "NO"...if he "disappears" the dept. will still have several dozen house burglars disguised as tax agents - I thought about - NGL dev56""" ).
There is NO Fair Warning Doctrine when you purchase a home. If tax agencies came in BEFORE the purchase and told you: Once you buy this home, we'll do everything in our power to tax you on your worldwide income or "seize" your home. How many people would purchase a second home in such "mafia countries?"🙄
Caveat Emptor!
cc. @xeathk
Sad and, regrettably, very realistic story...
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I am just a simple countryman. Anything I say is only a personal opinion, not a certified advice 🙂
If you think it makes sense, you can like it; if opposite, please, tell me, why I am wrong...
I actually have experience here. This happened to a great client of mine. I know because he asked me to find a lawyer when it happened. I then lost my Latin American client when he and his lawyer started generalizing that all Europeans are thieves and whatnot. stupi#21
After that, he just wanted nothing to do with Europeans. He now buys most of his products directly from Asia through his own staff stationed in Asia. I lost an 8-digit revenue (invoice total - not profit - profit was about 2%) per year. I now tell ALL my clients and suppliers NOT to purchase ANY real estate in Europe or North America. If they do, they are on their own, and I can't help them because I don't know how to solve it. I put it in writing this way: It's akin to quicksand. I don't know how to get out of it, but I do know to STAY out of it.
That's a sad story.
That's why I don't want to buy real estate in order to create an economic connection to any EU country.
I'm curious as to what treasures you found in the Czech antique shops. 😛
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