Ukrainian banks for offshore companies

[MrTony]

Have anybody tried to open an account at Ukrainian banks for offshore companies (Belize, Seychelles, St. Vincent and the Grenadines)?
There are some not-local owned banks, like Ukrsibbank (BNP Paribas), Kredobank (PKO Bank Polski), Credit Agricole (Credit Agricole Groupe), Alfa Bank Ukraine (Alfa Group), Idea Bank (Idea Bank Poland), Pravex Bank (Intesa) etc.

There are interesting neo-bank - Monobank, which are trying to get a license in UK, but it is available only for personal accounts.

 

[alexundu]

they dont open for offshore companies, though for personal as a non resident is very easy

 

[Wenoff]

Monobank seems interesting for personal account but unfortunately the website is in ucrainian.

 

[John Spectre]

1. Banks will not open accounts for offshore companies
2. Various currency restrictions will not allow easy international business
3. Banks could simple require personal visiting and bringing original docs(invoices, contracts, etc), since electronic version of documents are not have legal power.

 

[countryfree]

Ukrsibbank welcomes international clients but doesn't say anything about conditions or tariffs:
Special Services for Non-resident clients
Kredobank and Pravex do not have a website with the latin alphabet:
ПАТ "КРЕДОБАНК": кредити на житло, квартиру, готівкою та ін. | ПАТ "КРЕДОБАНК"
Головна
Only Alfa Bank looks good:
https://alfabank.ua/en

 

[John Spectre]

What is important here, need to say that deposit protection scheme is very low there (around 6000$ if I'm correct) and international banks are actually don't have much common with their Poland or French banks(it's totally separate institutions). So, you need to be careful to store you money there.

 

[John Spectre]

Opening a Bank Account in Ukraine for Foreigners - 2017 Guide
here is info about banking system and accounts for non residents.
for sure a lot of restrictions and limits for normal use.

 

[niggashit]

Russian Mafia can help you out. Just a thought!

 

[niggashit]

What is important here, need to say that deposit protection scheme is very low there (around 6000$ if I'm correct) and international banks are actually don't have much common with their Poland or French banks(it's totally separate institutions). So, you need to be careful to store you money there.

You can sweep actually.

 

[countryfree]

So, you need to be careful to store you money there.

More than that, there's the risk of war with Russia. It's the same in Georgia. If thre's a full on war with Putin, the government may be forced to introduce controls on foreign currencies.

 

[KJK]

Well unlike Ukraine you could consider Georgia sort of an "ally" of Russia.

Yes, in general there is always risk in some countries - as well as some opportunities - for example the banks may give you crazy interest rates on deposits in their currency. Then you need to keep an eye on what's happening both politically and macroeconomically.

 

[profitbbb]

I think it is also very hard to get money out from ukraine

 

[MrTony]

Beginning from January of 2019, according to the changes in Ukrainian legislation, it is possible to open a current account for non-residents now.

 

[LastHero]

In Ukraine very hard currency regulations, outgoing payments cross boards will difficult.

 

[Spinat]

for sure a lot of restrictions and limits for normal use.

So it's useless for people living in the EU and that don't have problems to open EMI's ?

 

[Joe Blasco]

So it's useless for people living in the EU and that don't have problems to open EMI's ?

opening a personal account can be easy, opening business account very difficult because business account must be aproved by the tax office and ofcourse is easier if in the meantime u r already a personal client. To the easy part: As ALL eastern banks it is MUCH easier to open an account in a local bank (Alpha, Privat, Mono, Pumb etc) than a foreign own bank (Reiffeisen, Credit Agricole, Piraius, Ukrsisbank etc) etc why: because foreign banks will try to intimidate you or refuse with questions about residency and source of money. Also opening account in them is not automatic but there is a waiting period. Most "serious" Banks are Privat from the domestic and Reiffeisen and Piraius from the foreign. You must try ALL banks, even if you r rejected in one establishment the same firm can accept you on the next corner. It all depends on the willingness of the employee and his eagerness to loose time with you because they will be communication problems. Go to a LESS busy establishment. You need passport and some proof of address (just state where you r living) You ll get an account in US $ or Euro and sometimes an obligatory account in Hrivna and a debit card for each currency that sometimes (Privat) comes with some mickey - mouse credit too plus internet banking which in the case of privat and Mono is superb. MINUS: The Debit cards work fine abroad in buying bUT you cannot withdraw cash as there are monetary restrictions on foreign currency and have low limits on buys something like 800-1000 E don expect to buy ROLEX with this (u can use several ofcourse) The same applies to internet banking you cannot send money to anybody abroad except by going yourself to the bank and paying something 1% fee in the case of Privat. About war and such forget it, it's rubbish, what you must be careful is that small (and big like Privat) ukrainian banks from time to time go bankrupt, this is the time for MonoBank which is/was an internet bank u can have account opened and debit card in 5 minutes.

 

[blockchain4ever]

For the 5% tax rate scheme for IT-related business in Ukraine, I guess you don't need a business account. Right or wrong?