Bank account for Gibraltar company?

[maxine]

Hi,

I recently set-up a company in Gibraltar. I’m Greek resident. I’m the shareholder, a Director and there will be a local Director too.

I’m in the process of setting up an office there and taking on local freelancers. Operations and management will take place there.

My question - what’s the best EMI or online bank account to apply with?

Can anyone recommend any physical banks too?

I got accepted by Business Revolut only to be told the following day they had closed it down and could not disclose the reasons!

It’s a 100% legit business but expected turnover will be anywhere between £100k to £150k per month as I have a lot of experience in the industry.

There will be a lot of money going out, the profit margins are small, and I need a stable account.

I am in the process of setting up a local bank account too - but want to start trading soon and I am told it’s very difficult to get a bank account in Gibraltar and I’m not sure where else to look?

Many thanks

 

[JohnLocke]

You want to checkout Mister Tango, I have personally used them for a long time without any trouble.

 

[maxine]

Thanks for the suggestion. Mistertango looks great. But I will be trading in GBP. What's a good alternative for this currency? Looks like Mistertango is only good for EUR.

 

[PavelMSK]

Thanks for the suggestion. Mistertango looks great. But I will be trading in GBP. What's a good alternative for this currency? Looks like Mistertango is only good for EUR.

Did you check CoinsBank? They have ability to accept incoming GPB.
And also check CoinFloor.

 

[John Spectre]

CoinsBank are simple crypto exchange, not a bank nor emi.

 

[1nomad]

Mister Tango offshore business account for 100 EUR/month??

 

[Samuel Newman]

Thanks for the suggestion. Mistertango looks great. But I will be trading in GBP. What's a good alternative for this currency? Looks like Mistertango is only good for EUR.

you need to try Leupay, Paysera, MyPos, Transferwise, Revolut

MyPos has UK IBAN and they support Domestic UK payments

 

[maxine]

Thanks for the suggestions. MyPos looks great and I'll be applying. Is there any other EMI account that could be suitable? Most outgoing payments will be made via debit card, need an IBAN to receive money and need to be able to trade in GBP.

Also can anyone suggest any good banks in the EU where I could apply and there is not too much difficulty in getting a bank account? The business is not really offshore, and it's 100% legit business. I could fly out for a personal meeting if need be too, although if the whole process can be done online (Skype video chat) even better.

 

[JohnLocke]

Where is your company located or is it the Gibraltar company you mean that is legally setup?

 

[maxine]

Yep the company is located in and will be operated in Gibraltar, I have a local director there but I'm the Director and Shareholder and live in Greece

 

[David97255]

Transferwise seems to fit your needs

 

[negon]

Transferwise. Mister Tango, Wirexapp and even some of the many other EMI's would work just fine for your needs!

 

[JohnSeed]

Did you find a solution?

 

[MrTony]

Wirexapp

But business account still not working?

 

[negon]

Not yet it seems, but you may try with MT or LeoPay then

 

[MrTony]

Thanks! I am in the process

 

[negon]

Do you know if accounting and filing of tax is required for a Gibraltar company? if so, it should be well possible to get a bank account in Cyprus I think!

Damn we really need to find alternative banks that work similar to Cyprus or EMI's

 

[Samuel Newman]

Do you know if accounting and filing of tax is required for a Gibraltar company? if so, it should be well possible to get a bank account in Cyprus I think!

Gibraltar has mandatory tax return
It is small and cheap, but it exists

 

[negon]

Okay, so that means if we can find a reliable tax consultancy service / certified accountant in Gibraltar we are able to provide financial reports for the Gibraltar company. Great.

 

[clemens]

Gibraltar I never thought of as an tax haven or low tax jurisdiction I thought it was over for long time ago.