Sole Trader/ECOM needs help

[Semma]

Hi folks,

I'm about to go crazy I made like 1 year vacation and didnt work, some banks now want proof of income for the last 6 months.
Also I changed my residency to Cyprus and de-registred from Germany.

To open paypal I need a CY IBAN and to use any merchant CY IBAN too.

What to do ? I wrote 7 banks today and I still have a valid German Bank Account with a couple thousand Euros on it...
Ah also have Rental agreement for 12 months, water, electriricy, wifi so on.
Isn't there a online solution, don't want to beg the banks to give me a IBAN, also dont want to wait for weeks now.

 

[John Morris]

What exactly is the problem? If you need PayPal then open a bank account in Cyprus - you shouldn't have a hard time doing that as you are a resident there anyway.

 

[Martin Everson]

To open paypal I need a CY IBAN and to use any merchant CY IBAN too.

If Paypal said this report them. Iban discrimination is against EU Law. Countries within SEPA area are obligated to accept any IBAN from any SEPA member country. They cannot discriminate against foreign iban's which would be a violation of Article 9(2) of the SEPA Regulation (Regulation (EU) No 260/2012).

 

[Semma]

If you use Cyprus as Country I only can continue with Cyprus Phone Number and Bank Account, also this article is mention it:

https://www.offshorecorptalk.com/threads/paypal-allowed-with-all-banks-in-cyprus.17924/
Bank of Cyprus Hotline Women said like she wants tax satements of the last 6 months so on, I'm a bit confused.
I had no income or work for the last year so I don't know if this will be an issue for the other banks.
Also have reference letter of my bank.