Gibraltar Limited Company - Need Online Bank/EMI SEPA + SWIFT

[Tax Cow]

Hello,

As a former Leopay customer, I'm on the look for a new bank or EMI that does business with Gibraltar non-resident companies. Unfortunately, Leopay changed their customer acceptance policy. Of course, the real reason is closure of Satabank that underpinned their payment operations.

I require SWIFT and SEPA payments. Willing to pay up to 50 eur per outgoing SEPA wires and not more than USD 75 for outgoing international SWIFT wires. Monthly account turnover up to eur 40,000 eur. Minimum balance requirements up to 50,000 are acceptable if the bank is reputable and well known.

Moneys come from reputable jurisdictions and they are wired to reputable jurisdictions. Earnings are from greenfield business activities. No crypto, no investing, no other funky stuff. My company is used for aggressive tax mitigation purpose.

It's a non-resident Gibraltar company meaning it does no business in Gibraltar. I split my time between 3 countries and have real estate in each of those. Proving residency with substance of utility bills and national identity documents from Portugal, UK or Croatia is not a problem - whichever jurisdiction the bank is least paranoid about can be used. Personal visit to an office to open an account is not a problem.

Any banking specialists willing to share advice?

Regards,

 

[negon]

Well, it's possible to open Cyprus bank accounts for such entities again if the business is clean and the owner is transparant to the bank.

 

[Tax Cow]

I also considered Cyprus but prefer some place completely off the radar. I'm getting tired of too much document hassle and risk of having the bank drop some of the 'risky clients' at no notice due to foreign pressure.

After 6 negative answers from other banks in various countries, a reputable bank in France agreed to serve me. Maintenance Fee is EUR 1500 per year but SWIFT and SEPA are at regular cost, as for any local French corporate clients. I'll keep the name of the bank to myself but if you try 10 of the biggest ones, you may get lucky like me.

I'm not surprised to get only one reply. Names of good banks who may consider offshore clients should not be wasted. A lot of filth who run scam businesses also use offshore corps, and they want banking advice just like decent business people who just want to reduce tax.

Regards,

 

[K12AN]

I thought Leopay supports Gibraltar.
Is it because your non resident business it's not allowed?

 

[Bmw850]

@xzars
Big wow. I understood you won't say the french bank name but really good you found a french high Street bank who accepts an offshore. I ll do my work and contact them all.

 

[Tax Cow]

I thought Leopay supports Gibraltar.
Is it because your non resident business it's not allowed?

I protested but they never answered why. Their country acceptance PDF still lists Gibraltar.

Most likely, my business was dumped because of risk-reward imbalance; the annual SEPA turnovers were quite high but I did not use their add-on services that would help cover the AML compliance costs. Was a bit of sucker and played it too cheap

@Bmw850 GL!