Slovak Bank That opens bank accounts for non residents
As a member of the European Union, Slovakia is a very stable country for international businesses and individuals looking to open a bank account within the EU.
Opening an offshore bank account in Slovakia is essentially the same as opening a offshore bank account in other countries located within the European Union, such as Germany, France, Spain, Italy, Finland and Sweden.
Offshore Slovakia banks opens accounts for businesses that are not located within Slovakia, as well as individuals that are not living in Slovakia or any other European country.
There are many benefits when opening a non resident bank account in Slovakia, but it should be noted that these benefits for offshore banks located within the European Union (EU), are not the same as banks that are located within the European Economic Area (EEA).
While all offshore bank located in the European Union are also located in the EEA, not all EEA countries share the same European Union membership, and therefore do not offer non resident companies and individuals, the same type of financial benefits, stability and support as offshore banks within the EU.
Offshore banks in Slovakia
Banks in certain countries are truly offshore in the sense that they only accept international customers, and do not open accounts for local customers based in the country where the bank is located.
This is not the case in Slovakia, as Slovak banks welcome international, as well as domestic customers.
All offshore banks in Slovakia are able to open accounts for non resident customers – offshore bank accounts are offered in USD / EUR / GBP / CHF
Banking offshore in Slovakia
International companies as well as customers that do not live in Slovakia to open a bank account, this type of account is known as non resident account, and may be missing certain features that are available to customers that have relations to the country.
No minimum balance is required to open an offshore bank account in Slovakia as part of the offshore bank account opening process.
Regardless of the amount to be deposited, this amount must always be maintained in the bank account at all times.
Is it safe to bank offshore in Slovakia?
Banking offshore is extremely safe in Slovakia, as well as any other bank located within the European Union.
- Banks that are able to open offshore accounts for international customers have a minimum balance starting from $100 Million USD, to $2 billion in Asset Under Management (AUM).
- These two figures represent how much customer funds have been deposited with a bank.
- Offshore banks in Slovakia are required to maintain a specific level of minimum liquid (cash on hand) at all times, in order to accommodate customers that need to withdraw cash at any time.
Keeping in mind the above reasons, opening an offshore bank account in Slovakia is one of the safest banking solutions you can make.
Can an international company open a bank account in Slovakia?
Slovak based banks welcomed international companies that are not located in Slovakia, as well as ones that do not have any customers or suppliers in Slovakia.
This means it is not necessary to register a new company in Slovakia, nor is it necessary to open a branch office or a sister company as a subsidiary in Slovakia, and it is still possible to open a non resident bank account for the foreign legal entity.
Not every bank in Slovakia welcomes international customers, therefore it is necessary to apply at Slovak banks that are friendly towards companies registered overseas.
Can a foreigner open a non resident bank account in Slovakia?
Individual customers living outside of Slovakia are able to open a bank account in Slovakia, as long as their personal profile is within the banks.
Slovakia banks tend to not be fond of individuals originating from high risk countries, as well as countries that are under various sanctioned lists.
How BUH consulting can assist
Our team will work with you to understand your requirements, eligibility criteria and apply for your business and personal bank account with the most suitable offshore banks in Slovakia and assign relationship managers from various Slovak banks that can open an offshore account without the need to visit Slovakia.
Contact information
For a tailored solution, contact us to discuss about your requirements.
Email: – sam@buh-consulting.com
Phone: +971585086656
Whatsapp: +971585086656
Telegram: BUHConsultingAE