Wise for Cyprus residents

[bigbite100]

Hello,

1) is it possible to create a Wise (personal) account as a Cyprus resident?

2) is it possible to craete a Wise business account for a US LLC as a Cyprus resident?

Thank you.

 

[Sols]

Last I heard: yes and yes.

Local Cyprus companies are still on hold, but personal‌ accounts and companies incorporated elsewhere with Cypriot resident owners are accepted.

 

[clemens]

There are many EMI's accepting Cyprus companies, start with them and once wise comes with‌ the opportunity for Cyprus corporate accounts holders you may switch.

 

[Puzel12]

can you
give some examples?

 

[Cloudbanck]

Cyprus is in the EU, there are many EMIs accepting EU and EEA companies:

Zen, Ecommbanx (based in Cyprus) Currenxie, Interpolitan (Not US, not blacklist), Vivid (EEA), MisterTango (Not US,‌ not blacklist), Verifo, Airwallex, Narvi, Intergiro (EEA), Juni (EEA+UK+Gib), Nebeus (Crypto friendly, Not US, not‍ UK, not NL, blacklist), Genome (EEA+UK+Australia+CH+SG+HK+NZ+IL), World First, Vialet (EU), ISX Financial (based in Cyprus,⁠ open to: EEA, UK), Swissquote (Not: USA, Canada, UK, Germany, Italy, France, Russia, Japan and⁤ Turkey), Wamo (EEA+UK), Amnis, Payset, Ebury, Yoursafe, Pingpong, Satchel

 

[clemens]

Yeah you can pick them from the list above, or use google to find even‌ more.

Mentor group gold has also a resource database and hidden threads.
https://www.offshorecorptalk.com/resources/

 

[zaybxc]

There are many EMIs...
What criteria should be followed when choosing an EMI over another?

 

[Cloudbanck]

-For business accounts, businesses registered in which countries do they‍ support, and what restrictions are there on where the business owner(s) must be residents?
-For personal accounts, where can the person opening the account be a citizen/resident?
-What do people⁠ say about the EMI on this forum?
-Is it clear who the founding team is,⁤ who are these people, what's their background? Like you dont want them to be serial⁣ fraudsters.
-In which jurisdiction(s) do they have an EMI license? Can this information be easily⁢ found?
-Fees?
-Supported currencies? Which currencies/countries do you get proper IBANs for?
-Crypto friendliness?
-Since when does the EMI exist?

 

[zaybxc]

Thank you for the list of criteria!

It seems that︀ an EMI is an interface to banks and crypto exchanges.

I went through the help︁ pages of the crypto-friendly EMIs Zen.com and Payset and read sentences like "placing client︂ funds in a ring-fenced account with an authorised credit institution"; in regards of crypto︃ I read that "Digital Currency Top-up service is provided by an external provider".

In both cases no mention on which banks and crypto exchanges are involved... your list︄ will be useful 🙂

 

[JohnLocke]

You guys are going off topic, please get back. You are welcome to open a‌ new thread discussing the things you find interesting.

 

[mytoofood]

most often if a local bank don't accept crypto business you‍ use an EMI like the mentioned to act bridge between the crypto and the bank.⁠