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When approaching strict jurisdictions, inexperienced gambling operators face different challenges: document preparation, notarization, the struggle to prove the legal source of your company’s funds – you name it. But the worst nightmare occurs when opening a bank account on your own.
Because the true financial drain is an unforeseen halt. Every week of delay isn’t just dealing with red tape, it’s foregone revenue. As a founder, you have this fear in the background all the time.
And just picture this: you gathered all required papers, submitted them to the bank – the toughest part was almost over, but then you got the message from the bank.
Suddenly, the bank required proof of the company address in the jurisdiction where you have no “substance”.
The bank can scan it as a sign of unreliability, which threatens your entire “multimillion-dollar” project.
What do you do then?
Mostly, the answer is opening a company in that jurisdiction and replying to the bank’s request with a real office address and utility bills.
In Cyprus, the solution is different. Here we offer you corporate excellence: a virtual office.
This is a flawlessly audited option even in the most conservative financial institutions, like those in Cyprus.
We require at least 5 minutes of your time and only two key documents. Full readiness - within 7 business days.
When do you need a virtual office?
You need a virtual office in cases when the bank requires you to confirm your address on the island by providing a utility bill or a rental agreement. Some banks are satisfied with a certificate of registered address.
While you prepare just two papers, we take care of the entire virtual office setup process, including:
- Collecting your company documentation
- Securing your Registered address (with two options to choose from)
- VAT and registration number procurement
- And all other necessities
Then we provide you with your official Cyprus virtual address, and you can continue the bank account opening.
If you don’t want to face any of these obstacles, we can help you with a bank account opening in Cyprus or other EU countries.
DM us at @MGL_solutions and get a confidential case review and the ultimate solution for your iGaming business. Don’t let your profit be delayed.
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