Bancoli can open accounts for eligible solopreneurs and registered businesses in many countries. As a business owner you can live almost anywhere in the world as long as you have a business entity in a jurisdiction that Bancoli supports. A common setup to get excellent financial services is having a US - Wyoming LLC.
Whether you can open an account for your business depends on:
Where the business is registered or located
If you are a US-registered business, which state
Where each beneficial owner’s tax residence is
Passing these checks does not mean every product, payment rail, or price is available in your location. Availability can change based on regulation, provider coverage, and Bancoli policy.
1. Business entities registered in the following countries cannot open an account.
Please note, the owner(s) of the business can be located outside of our coverage area which means you can continue with a business entity that is registered in one of our supported jurisdictions.
At Bancoli we see many business owners setting up a Wyoming LLC, which is an efficient and easy-to-maintain alternative to get excellent financial services.
We cannot open a Bancoli business account if the business address is in one of these countries or territories:
Afghanistan
Algeria
Antigua and Barbuda
Australia (temporarily paused)
Azerbaijan
Bangladesh
Belarus
Brazil
Burundi
Cambodia
Central African Republic
China (mainland)
Cuba
Democratic Republic of the Congo
Egypt
Eritrea
Ethiopia
Fiji
Grenada
Guyana
Haiti
Iran
Iraq
Kenya
Kuwait
Laos
Lebanon
Libya
Macao (Macau)
Mali
Morocco
Myanmar (Burma)
Namibia
Nepal
Nicaragua
Niger
North Korea
Pakistan
Palestine (Gaza Strip and West Bank)
Russia
Saint Kitts and Nevis
Saint Vincent and the Grenadines
Somalia
South Korea
South Sudan
Sudan
Tunisia
Turkmenistan
Uzbekistan
Venezuela
Yemen
We also cannot open an account if the business is located in Crimea, Sevastopol, Donetsk, or Luhansk.
2. United States
For US-registered businesses and solopreneurs, Bancoli can currently open accounts in these states:
Colorado
Hawaii
Kentucky
Maine
Montana
New Hampshire
New Jersey
North Carolina
Ohio
Oklahoma
Pennsylvania
Washington
Wyoming
We cannot currently open a Bancoli account for a business registered in any other US state or US territory. Please note, the owner(s) of the business can be located outside of our coverage area which means you can continue with a business entity that is registered in any one of our supported jurisdictions.
3. Beneficial owner tax residence
The beneficial owner does not need to live in the same country as the business registration state. We still cannot open an account if any beneficial owner’s tax residence is in:
Cuba
Iran
Myanmar (Burma)
North Korea
Palestine (Gaza Strip and West Bank)
This page is about opening a Bancoli account. Sending a payout to a recipient in another country uses a separate set of destination rules. Content on Bancoli.com is not an offer, invitation, or solicitation of services, and nothing on the website should be interpreted as a solicitation. Not every product, rail, or price is available in every jurisdiction.