What EMI to use for Cyprus company or better use real bank?

[diro]

Wise is not opening accounts for Cyprus company, what other EMI do open account for a Cyprus company?

What EMI is there for a Caribbean company if any?

Is it possible to open an account with Hellenic or Bank of Cyprus bank for me not living in Cyprus but company only there?

 

[avalanche]

Last time I had Cyprus company, my corporate agent introduced me to Bank of Cyprus. Although Bank of Cyprus had pretty high fees for non-resident services, approximately 600-800 EUR/year, it was working pretty great for me.

Never needed to get any EMI

 

[JohnLocke]

avalanche said:
Last time I had Cyprus company, my corporate agent introduced me to Bank of Cyprus.
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When was the last time ? I heard from others BoC refuse to open foreign owned business bank accounts, but I have no evidence for it so far!

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[avalanche]

JohnLocke said:
When was the last time ? I heard from others BoC refuse to open foreign owned business bank accounts, but I have no evidence for it so far!
Click to expand...

Approx 4 years ago. Had no residency in EU whatsoever. But a year ago they asked for EU residency and closed an account.

 

[JohnLocke]

avalanche said:
Approx 4 years ago. Had no residency in EU whatsoever. But a year ago they asked for EU residency and closed an account.
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okay, thank you, so it may be true they won't open accounts now unless you have substance or are good connected in the banking network.

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[Forester]

From my personal experience, I can say that Bank of Cyprus sucked even ~3 years ago: fees not much friendly and monkeys there trained under the usual average 😉

Can't say anything particular about Hellenic, though.

Just generally, if you do not need loan, cheques, safe box etc., then a reasonable EMI is a better option that a Cypriot bank, IMO. To name a few different but worth attention ”“ e.g. Currenxie, Zen, Verifo, Wamo, Interpolitan Money, Ecommbx, ... Intergiro was a very good bet but they have waiting list now and it is not well manageable.

Re: EMI for your Caribbean company ”“ where in the Caribbean is your company incorporated?

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I am just a simple countryman. Anything I say is only a personal opinion, not a certified advice 🙂

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[Doji]

Revolut Business works fine

 

[JimBeam]

BoCc was fine when we used them but were quite pricy: €50/month maintenance plus a bunch of other fees and if they had to re-do KYC they would charge us that €600-700 extra (and f**k us with requesting a bunch of documents). But online banking, mobile banking and even phone banking worked pretty good, can't complain.