I need offshore company with crypto friendly bank

[enesonc]

You can actually setup a company in the Seychelles and use Transferwise for the account opening, then use kraken or AdvCash to exchange your btc and receive or send it to TW.

That's a ultra cheap and fast solution.

Also did you check advcash fees ? Its too much i think .

 

[JohnLocke]

Well, it depends on what it is you want to use it for. What is too much for a service that actually works. What do you compare "too much" when you compare to what?

 

[Sadhu]

You can also try VIALET. A good friend of mine suggested using them for crypto-related businesses - he himself runs an exchange in Estonia and works with them. Haven't worked with them myself though.

 

[Whirl]

I wonder why this is still the case then. There is endless crypto type companies offering cards.

Could you please name a few card providers which accept Non-EU residents and allow to get a debit card by sending it to any address in EU (without verifying it by utility bill)?

 

[JohnLocke]

You can also try VIALET. A good friend of mine suggested using them for crypto-related businesses

Do they accept Crypto business or is your friend just using them with his crypto business and never got it confirmed to be allowed business?

 

[SaintVince]

So is tranferwise allowing you to send funds to exchanges?
i heard that they stopped this a while back.

also would be interested in EMI that allows SEPA/SWIFT transfers to Kraken

 

[JohnLocke]

Where did you heard this?

Have you tried to send a SEPA to kraken?

 

[Martin Everson]

Could you please name a few card providers which accept Non-EU residents and allow to get a debit card by sending it to any address in EU (without verifying it by utility bill)?

Don't have any that come to mind right now. See my post below.

https://www.offshorecorptalk.com/threads/prepaid-gbp-and-or-eur-cards.27904/post-117848

 

[SaintVince]

Where did you heard this?

Have you tried to send a SEPA to kraken?

One of the suppliers is verified on kraken and he buys there and sells to me with 2-3% above kraken price

 

[speedster]

Where did you heard this?

Have you tried to send a SEPA to kraken?

I sent sepa to Kraken a couple of weeks back (from tw)

 

[SaintVince]

I sent sepa to Kraken a couple of weeks back (from tw)

I heard TW closes account after you start sending regular payments to kraken or exchanges.

please let us know if anything happens to your account

 

[JohnLocke]

I heard TW closes account after you start sending regular payments to kraken or exchanges.

You should send TW a ticket.. all that what you write you have heard can be true but can also be false information or single cases.

 

[Sadhu]

I know that they accept buying crypto. I think they charge 0.5% for deposits to various exchanges. Not so sure about opening a crypto business account with them

Do they accept Crypto business or is your friend just using them with his crypto business and never got it confirmed to be allowed business?

 

[JohnLocke]

But it is different if you run a Crypto business or if you only trade Crypto, so it may be important to know what your friend is doing

 

[efrom]

Hi, exists bank accout for IBC company that mining crypto? We want withdrawall eur or usd from Binance to bank acc. Thank you

 

[SaintVince]

Hi, exists bank accout for IBC company that mining crypto? We want withdrawall eur or usd from Binance to bank acc. Thank you

This should be easy, set up a corporate account with binance or kraken and sepa or ach/wire out eur or usd.

 

[Cetme308win]

What about a Puerto Rico company + bank account ?
Puerto Rico is a very crypto friendly jurisdiction

 

[Roy182]

Yes a lot of EMI banks refuse onboarding, thats why im search for agency to find me real bank, please write if you find something.

Did you find any agency that helped you out, i am in the same situation

 

[Topdev]

I am looking at this option to secure my crypto portfolio and better tax planning, however I realized that if you open a corporate account on say binance, you still need to provide the UBO. Wouldn't that make the whole offshore structure useless, since you will still be taxed in your country for profits made by the offshore structure?

 

[Gediminas]

I am looking at this option to secure my crypto portfolio and better tax planning, however I realized that if you open a corporate account on say binance, you still need to provide the UBO. Wouldn't that make the whole offshore structure useless, since you will still be taxed in your country for profits made by the offshore structure?

Tax planning isn't tax evasion To plan your taxation, you should do more steps than just open an offshore company. Usually, your taxes are determined by your tax residency, so at first, you should change that.

There are more complex structures where you do not necessarily have to change your tax residency, but those structures are way more expensive.