What business activity may not be considered high risk by banks?

[Spinat]

I would like to start this thread to get a discussion about what industry and business category you think a bank would not consider to be high risk!

To start with I can tell you that most bank consider the so called broad word "E-Commerce / selling online stuff" high risk. The banks I have tried with in Cyprus, Malta and even some EMI's, they simply don't accept application any longer unless you can show them a really good business plan which may be better than good.

Do you have any suggestions on how to setup something they won't consider high risk?

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[Artemis Eleutheria]

Anything by any government ... up to and including 100 year Argentine bonds.

 

[lrotter]

Online education and training
Consulting
Legal advise
SEO and online marketing
Event management

 

[Willblack]

Wow, you're kidding, right!?

Can anybody else chime in on this absurdity?‍ @Martin Everson ? Do Banks really consider these "low-risk"? These are like the go-to setups⁠ for money laundering... I find it absurd that banks consider these "low risk" and Ecommerce⁤ "high risk".

 

[Martin Everson]

Each time I check with a bank their list of high risk activity it is‌ pretty much everything other than window cleaning and selling bedroom slippers.

Sorry I mistaken if‍ you sell bedroom slippers to someone in Africa your business is now high risk.

 

[JohnLocke]

At the end of the day it will come down to how good your business‌ model and business description is!

 

[lrotter]

Hey, Alex, this description is really consided like a low risk⁠ within higher risk group. What I mean, that if your business was really low risk,⁤ you would not even think about this question. If you are local business, with local⁣ director, with local suppliers and mostly local clients - welcome to your local bank, they⁢ are waiting for you 🙂 if you need to be more creative - the list I︀ mentioned works so far.