European Business Bank Account

Your Free Guide: Open Business Bank Accounts in Europe

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European Business Bank Account

European business bank accounts can be incredibly beneficial. But accessing the right banks depends on where your business is registered, your industry, and why you want to open an account. 

Use our featured articles & free resources below to find out where your business can bank in Europe and how to navigate the account opening process.

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European Business Banking Article

Click here to read our featured Europe business banking article discussing how to open a European business bank account online.

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The best way to get started with business banking in Europe is to download your copy of our Business Banking Guide. It’s free and shares the step-by-step process to open offshore bank accounts in top European banking hubs.

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European Business Bank Accounts

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Getting Started

European Business Banking 101

Below you’ll find our archive of free resources to assist with account opening. This includes detailed articles to help you open accounts in top banking hubs in Europe and explanations on how to navigate challenges for specific client types. 

Key Takeaways

  • Not all European banks accept foreign & non-resident businesses
  • Most foreign businesses can open a European business bank account 100% online
  • The account opening requirements vary between jurisdictions
  • European banks can offer seamless transactions between Eurozone countries
  • Unexpected fees can apply if businesses choose the wrong banks

Why Open a Business Bank Account in Europe?

As mentioned above, opening a European business bank account can offer tremendous benefits for any business that serves European customers or has European suppliers. But those aren’t the only reasons why you might want a European bank account for your business.

Generally speaking, the businesses that stand to gain the most from opening a business bank account in Europe are those that…

  • Serve European customers
  • Work with European suppliers
  • Want to tap into low-cost SEPA transfers
  • Require remote account opening
  • Want a backup business bank account
  • Are looking for diversification
  • Want access to European payment processors & transfer services
  • Are looking for deposit guarantees

This is because once you have a European business bank account, you will be able to gain access to a number of attractive benefits.

Benefits of Opening a European Business Bank Account:

A European business bank account…

  • Offers fast & affordable SEPA transactions
  • Makes it more efficient to send & receive money between Eurozones
  • Makes it easier to pay European suppliers
  • Enables access to a stable currency
  • Offers multi-currency accounts
  • Can be opened 100% remotely (with the correct information)
  • Offers deposit guarantees up to €100,000
  • And more…

Sound like things that your business could benefit from?

If you’re ready to start opening European business bank accounts, GlobalBanks IQ will give you access to all the tools you need to start opening accounts today…


GlobalBanks IQ provides immediate access to everything you need to open Business Bank Accounts in top European banking hubs!

  • Choose banks in minutes with our international banking database
  • Open accounts with detailed step-by-step instructions
  • Handle banker questions easily with detailed conversation scripts
  • Meet bank requirements (e.g. local address) with proven solutions
  • Unlock exclusive offers from the best banks in our member reports
  • Receive lists of banks that accept high-risk & offshore businesses
  • Plus much more!

Who Can Open a Business Bank Account in Europe?

While banks in most European countries are open to foreign businesses, not all of them are. And many have restrictions on the types of businesses they will open accounts for or the industries they will work with. In other European countries, banks will only open an account if you can demonstrate sufficient ties to the country.

With that said, let’s look at who can open a European business bank account.

Business Types that Can Open European Business Bank Accounts:

  • Non-EU companies
  • Offshore companies
  • Foreign businesses with no European customers
  • Businesses with European customers
  • Freelancers
  • Digital Nomads
  • International businesses with global operations

Choose Your Jurisdiction

European Business Banking Hubs

Which jurisdictions you will be able to open accounts in will depend on the type of business you have, where your customers are based, and what industry you operate in. 

To help you navigate your options we’ve put together a shortlist of where you can open the best European business bank accounts as a foreign-owned business below.

Jurisdiction Business Types Benefits
Cyprus Foreign, local Lower deposit requirements, accessible transactional banking, remote opening available, accepts offshore structures, looks for a tie to Cyprus.
Malta Local, offshore, foreign Easy account opening process for local businesses but very challenging for businesses that do not have an on the ground presence.
Isle of Man Foreign, local, foundations, trusts Remote opening, well-regulated banking jurisdiction, banks here are familiar with foreign entities, deposit insurance up to £50,000, often requires a local fudiciary or corporate secretary.
Portugal Local, foreign, Europrean Lower fees compared to other EU jurisdictions, access to multi-currency accounts, deposit insurance up to €100,000, SEPA compliant, looks for clear tie to EU.
Spain Local, foreign companies that have ties to Spain English language support, fee free accounts (varies by bank), some banks have lower fees, good options exist for larger corporates with ties to the EU.
Czech Republic Non-resident EU companies, local, offshore Higher tolerance for high-risk businesses, deposit insurance (varies by bank), more familiar with CIS businesses than other EU countries.
Switzerland Local, businesses with complex international structures, foreign entities Private banking focused, looking for clients that will invest a portion of deposits, more open to high-risk businesses. Banks are willing to consider onboarding where there is a clear business case.
Austria Local, foreign companies with ties to Austria Economically & politically stable, accepting of foreign companies, comfortable with most nationalities, familiar with offshore structures and foreign companies.
Liechtenstein Local foundations and entities, foreign wealth management structures Stable banking jurisdiction, excellent customer service, focused on private banking, capable of onboarding high-risk and prohibited industries, willing to look at clients that can present a clear business case.
Lithuania Local, foreign, Offshore (via EMIs) SEPA compliant, EMIs and payment institutions are cost effective options, deposit guarantees (varies by platform), accounts with traditional banks are very difficult to open. This is a digital banking hub for non-resident businesses.

Your Other Options

Alternatives to European Business Banking

Below you’ll find our archive of free resources to assist with account opening. 

This includes detailed articles to help you open accounts in top banking hubs in Asia and free guides explaining how to navigate challenges for specific client types. 

We also share helpful information on how to overcome challenges for specific businesses and individuals.

Looking for a different type of account? 
We can help you make informed decisions about personal, business, & private banking across Europe, Asia, and the United States. Click here to learn more.

Free Resources

European Business Banking

Below you’ll find our archive of free resources to assist with opening European bank accounts. 

This includes detailed articles to help you open accounts in top banking hubs in Europe and free guides explaining how to navigate challenges for specific business types.

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