Nevis and Wise (EMI)

[offshoreavatar]

Hi

Does anyone know if Wise accept Nevis LLC companies?
Or any other EMIs?

Thanks

 

[CyprusLawyer101]

I don't know but I would guess there should be lots of EMIs there which would

 

[xeathk]

Wise will not accept Nevis LLC.

For other EMIs, as the old cliche goes:
1. Where do you live?
2. What is your nationality?
3. What is your business?
4. What is the annual volume?

 

[Forester]

Wise will not accept Nevis LLC.

For other EMIs, as the old cliche goes:
1. Where do you live?
2. What is your nationality?
3. What is your business?
4. What is the annual volume?

+
5. What currencies you need to operate with?
6. Presuming you want to perform international payments, what are the countries affected? Do you need also local payments somewhere of just SWIFT?

 

[offshoreavatar]

Live in Philippines.
British.
Ecom.
Need as many currencies as possible. Ideally at least USD, GBP, CAD, AUD

 

[Forester]

Live in Philippines.
British.
Ecom.
Need as many currencies as possible. Ideally at least USD, GBP, CAD, AUD

The annual volume / turnover expected?

Anyway, try to speak e.g. with Interpolitan Money.

 

[offshoreavatar]

Thank you I’ll try them.
Approx 500k

Unfortunate about Wise. I find them pretty good

 

[Forester]

Thank you I’ll try them.

You are welcome.

Approx 500k

Well, in such a case you can also try e.g. 3smoney.

And – but perhaps as the last resort, as you would suffer from FX – you can always try Verifo. Just beware that although they transact in all currencies that you are asking for (and some more), all the assets are stored in EUR, so 2xFX with any transaction in your case.

Unfortunate about Wise. I find them pretty good

To be honest, it is nice to hear that Wise is working well – sometimes .
(I guess that my general attitude to Wise/Revolut is quite known at this forum /if you wonder, look e.g. here If Wise is going to close accounts and is not the best, how diversify the money? / ).

 

[xeathk]

The annual volume / turnover expected?

Anyway, try to speak e.g. with Interpolitan Money.

But E-commerce is sometimes high risk.

 

[Forester]

The annual volume / turnover expected?

Anyway, try to speak e.g. with Interpolitan Money.

But E-commerce is sometimes high risk.

Yes, true. Sometimes it is exactly so. And Interpolitan Money have a quite high risk appetite, I would say – or does your opinion differ?

 

[offshoreavatar]

Yes, true. Sometimes it is exactly so. And Interpolitan Money have a quite high risk appetite, I would say – or does your opinion differ?

How can I feel safe with Interpolitan? They seem (or at least come across to me) as boutique. Which is fine. But how do I know my funds are safe? The Google reviews look a bit scary.

 

[Forester]

How can I feel safe with Interpolitan? They seem (or at least come across to me) as boutique. Which is fine. But how do I know my funds are safe?

Well. From what I have researched some time ago, they are ~2 years old re-brand of The Currency Account which was founded 2011; but just re-brand, people are the same. It's an EMI where founder is still the CEO and this guy (Rishi Patel) apparently is not a scammer. I have heard no complaints about funds lost or so and 13 years on the market say something.
They are FCA supervised and this regulator was known as quite tough; although the recent Silverbird case (Silverbird enters administration / liquidation) might show something different.

The Google reviews look a bit scary.

Frankly, I do not think that Google/Trustpilot/similar reviews should be taken seriously. In general, their validity is close to zero (both positively and negatively biased reviewers who in addition many times do not understand the matter, unclear background of the situation, etc.)

In any case, performing your own due diligence is more than recommendable