What offshore company location to apply for EMI ?

[ImKing]

I am looking for a list of offshore company locations in which I can set up a company but where it is also possible to get an EMI account that is functionally reminiscent of WISE.

Where could that be ?

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[lory]

Possible options are UK, Ireland and Cyprus Ltd all work with Wise.

 

[sergeylim88]

what about Jersey, Isle of Man?
i think they are all accepted by wise

 

[aage]

Wise the only options for offshore companies in Jersey or Isle of Man ?

 

[abchongkong]

I would recommend opening your company in Hong Kong because of its convenient and well-established⁤ system for foreign directors, and also the extremely low profits tax rate for the first⁣ $2 million of assessable profits (i.e., 8.25% which is amongst the lowest in the world).⁢

There are various EMI / FinTech companies with which you can open your account swiftly.︀ I do recommend Airwallex and Currenxie based on their range of currencies, prefix arrangement (no︁ prefix), corporate cards, responsive customer service, and no monthly fees.

 

[ImKing]

they are the most trusted around here, thats why I'm asking‍ specific.

are they specific to Hong Kong⁠ companies?

 

[aage]

What about
https://zenus.com/
are they only for USA or also US territory ?

 

[abchongkong]

Airwallex and Currenxie are not technically‌ exclusive to Hong Kong companies. Still, if your business is a Hong Kong company, these‍ two platforms will give you a higher chance of account approval. Kindly note that Airwallex⁠ and Currenxie do not support incoming and outgoing payment requests to sanctioned and high-risk countries⁤ like Afghanistan, Belarus, Albania, Algeria, etc., which might affect your possible transactions with the said⁣ countries in the future.

A topic of good concern is - whether these platforms are⁢ safe for keeping my money? This is a question our clients usually asked. In fact,︀ FinTechs in Hong Kong are legally protected because their custodian partners are licensed and regulated︁ banks, meaning your money is protected by Hong Kong monetary system and regulations as well.︂

 

[bonox]

Wise accept companies from almost any part of the world. Seychelles, Republic of Georgia, Republic‌ of Dominica, UK, Italy, Switzerland - almost from anywhere.

 

[KDX]

Seychelles? You sure?

 

[fortunespeculator]

Yes i have mine

 

[Jerry1911]

Not anymore, try to create a business account for a Seychelles company and you'll see what‍ I mean. You'll get a popup saying there's a waiting list.

 

[bonox]

ahh damn your right... what alternatives do we have at the moment ?

 

[Jerry1911]

Paysera, Bankera, Wittix as far as I know.