exactly this is the problem when they are not insured by the goverment system like i said above. All banks and some alternative-banks and payment accounts are insured but this is not the case when they do banking through Azerbaijan ,thats not a good choice
Yes, they have their own SWIFT code, but that's means nothing really useful. Except when you need to have your company name on the invoice. The banking processing what they do through Azerbaijan is very dangerous because they can dissapear with your money very easily and that is what you should...
Leupay is not a good solution, I have quite lot of experience with it and can not recommend.
Better is paysera(dot)com, very good services and really cheap. But they do CRS reporting. Another one also good erabanq(dot)com, bit more expensive but no CRS reporting, great privacy for individuals...
Very expensive and they do banking through Azerbaijan!!!!!! I have heard really bad reviews on this, plus the money is not protected up to 100 000 euros at all, if they "close-their-shop" then you will never see your money ever again!!!! My friend closed his account and was very unhappy with...
They offer NO-CRS accounts for companies and for private persons, no tax details, no balance or income is shared with any tax authority, they have special kind of license that they dont need to make CRS reporting but they can only have limited number of non-reportable accounts like this
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