top of page

Open Multi-Currency Accounts Without a US or EU Entity

  • Writer: Helm
    Helm
  • Oct 12
  • 3 min read
Open Multi-Currency Accounts Without a US or EU Entity

For many international businesses, the biggest barrier to operating globally is not demand — it’s access. Traditional banks still require a local company registration, physical presence, or in-country directors before allowing foreign businesses to open accounts in USD, EUR, or GBP.


This limits exporters, service providers, and online sellers across Asia, the Middle East, Africa, and Latin America from receiving payments directly in major currencies. The result: three-to-five day settlement delays, forced conversions, and 2–4% exchange markups that erode margins.


Modern financial infrastructure now removes those barriers entirely.


Why Businesses Need Multi-Currency Accounts Without a Local Entity

A business outside the US or EU often sells into these markets but cannot easily hold or receive funds in their client’s currency. Multi-currency accounts solve this problem by providing global access to USD, EUR, and GBP — without requiring local incorporation.


A modern multi-currency account enables you to:

  • Receive international payments from clients, partners, or marketplaces in USD, EUR, or GBP.

  • Hold balances securely without forced conversion into local currency.

  • Pay suppliers and partners globally in their preferred currency.

  • Avoid intermediary fees and unpredictable exchange spreads.

  • Gain compliance assurance under fully regulated infrastructure.


Without such accounts, businesses depend on intermediaries, suffer hidden costs, and lose direct control over cash flow.


The Problem with Traditional Banking

Conventional banks still apply outdated structural requirements:

  • Mandatory local entity or director in the US or EU.

  • Lengthy onboarding and document review processes.

  • Limited corridor access for non-resident accounts.

  • Slow settlements through correspondent networks.

  • High FX markups on every incoming transaction.


For growing international businesses, this model restricts both scale and liquidity.


How Helm Enables Multi-Currency Accounts Without a US or EU Entity

Helm allows businesses worldwide to access fully functional multi-currency accounts — with the same capabilities as local companies — while maintaining full regulatory compliance.


  • Dedicated multi-currency accounts – Named USD, EUR, GBP, and USDC accounts for international businesses, no local incorporation required.

  • Global payment acceptance – Receive payments from clients, distributors, and platforms in key currencies.

  • Instant or next-day settlements – Improve working capital and liquidity.

  • Optional conversions – Convert between currencies only when strategically beneficial.

  • Integrated wallet – Manage all balances, conversions, and payments from a single secure platform.

  • Compliance-first onboarding – Verified under AML, KYC, and PSD2-aligned frameworks.

  • Dedicated account management – Expert support for onboarding, payments, and treasury control.


The impact: Businesses using Helm gain direct access to USD, EUR, and GBP without local incorporation, reduce settlement times from three-to-five days to hours, and eliminate conversion losses averaging 2–4%.


Why This Matters for Global Businesses

For exporters, remote service firms, and online marketplaces, the ability to operate globally without entity restrictions changes everything. You can invoice in USD or EUR, receive funds directly, and manage liquidity across currencies from a single account.


This enables faster growth, lower costs, and full operational control — all while remaining compliant with global financial regulations.


Get Started with Helm

Opening a multi-currency business account with Helm requires no local incorporation in the US or EU. Once verified, your business can receive, hold, and manage funds globally across USD, EUR, GBP, and USDC — all from a single platform.



About Helm

Helm is the financial operating system for global businesses. We provide USD, EUR, GBP, and USDC accounts, cross-border payments, multi-currency wallets, and global Visa cards — all built on licensed infrastructure with bank-grade compliance. Trusted by companies moving capital across 100+ countries, our partners include Stripe, Visa, and Bridge, enabling secure and scalable financial infrastructure worldwide.


Learn more at www.helmpay.co or contact us at hello@helmpay.co.

 
 
bottom of page