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]

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!

 

[avalanche]

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

 

[JohnLocke]

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.

 

[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 in︀ the Caribbean is your company incorporated?

 

[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.