Recent content by Gjrwings

Let us know Padres, this is what this forum is for. Helping out.

Boc is our personal bank, we’ve tried all the bricknMortar banks and a few EMIs in Cyprus and it’s all the same… nonprofits are too high risk even though the registrar is approving them. We’ve had 2 lawyers working the German sector for us, Lawyers in Limassol and another firm in Larnaca. It’s...

Thank you ilke that’s pretty comprehensive information. I had managed to onboard with Payoneer who uses Banking Circle as the Euro receiving account and Citi Bank for the US receiving account. But they closed my account after our benefactor (charity) in the US sent the second donation (recall we...

We have tried over 50 banks and EMI s but because we are nonprofit and extreme derisking just had constant rejections. At the same time made us dubious about any that show an interest, such as Sokin. Our first transaction needing to be done is over half a mil, so just being cautious.

I’m sure many of you have explored online banking solutions, does anyone know the legitimacy of Sokin, or have experience with them? Thanks

I've been on the waitlist for my Cyprus company application for almost 2 years with WISE. Even had a skype call with the Wise lawyer and account manager who couldn't do anything about the process. They were not even aware how long that waitlist is.

To tell someone they are rejected because the fault obviously lies on their side and not Bankera is grossly speculative. I had the same situation with Bankera and my company hardened even conducted its first business transaction. There is nothing dodgy about my business, except an above board...

Swissmoney is a sham, my application for a business account which comes with an account log in. After a lengthy procedure of providing all documents required (Articles, certificates, extracts, POF, UBO certificates etc,) lengthy questionnaire and the €450 fee plus 5 days to be reviewed. A couple...

Hi I went through the lengthy process of submitting all my company documents and the questionnaire as well as the €450 fee to check my documents. I could log into my company account and see that the process is still pending as it’s not 5 business days yet. But I’ve logged in now and all my...

Hi Forester, Thank you for your time in writing. The reason we are looking at Ireland is purely for the best route between our benefactor’s bank in the US and ourselves. (Due to US compliance). We are a nonprofit limited liability company, not a charity registered in Cyprus. The purpose is...

Most don’t do nonprofits and then one like Wise doesn’t do Cyprus Thanks Sol, I’d probably need a good corporate lawyer who isn’t just looking to make as much out of the process as possible :)

Thanks for the advice and apologies for wrong forum post. If any of you know of a reputable corporate lawyer in Ireland, it would be much appreciated.

No I’m wanting to onboard a bank, if we need to go through the process of registering a new nonprofit entity then we will pursue that. But if it’s possible to rather have a subsidiary/branch that would be far more convenient.

We are a nonprofit limited liability company registered in April 2022 in Cyprus, after lengthy procedures and contacting 42 banks later we have still not been able to onboard (even had Bank of Cyprus freeze our personal account). We are now considering Ireland. Can anyone advise what would be...

Confidence in Bankera must be dwindling fast as I waited for over a month of back and forth compliance requests from Bankera. Everything was completely legit. They took the onboarding of €450 and rejected. “Due to internal policy.” This seems to be the same for so many cases on this forum.