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Which countries and businesses are eligible for Grey Business?

Which countries can open a Grey Business account?

Written by Amara

You can open a Grey Business account if your business is registered in one of the countries listed below:

  • Algeria

  • Angola

  • Argentina

  • Australia

  • Austria

  • Bangladesh

  • Belgium

  • Benin

  • Brazil

  • Bulgaria

  • Cameroon

  • Canada

  • Chile

  • Colombia

  • Côte d'Ivoire

  • Croatia

  • Cyprus

  • Czech Republic

  • Denmark

  • Egypt

  • Estonia

  • Ethiopia

  • Finland

  • France

  • Germany

  • Ghana

  • Greece

  • Holy See

  • Hong Kong

  • Hungary

  • India

  • Indonesia

  • Ireland

  • Italy

  • Kenya

  • Latvia

  • Lithuania

  • Luxembourg

  • Malaysia

  • Malta

  • Mexico

  • Moldova

  • Monaco

  • Morocco

  • Namibia

  • Netherlands

  • New Zealand

  • Nigeria

  • Norway

  • Pakistan

  • Peru

  • Phillippines

  • Poland

  • Portugal

  • Romania

  • Rwanda

  • San Marino

  • Saudi Arabia

  • Senegal

  • Singapore

  • Slovakia

  • Slovenia

  • South Africa

  • Spain

  • Sweden

  • Switzerland

  • Tanzania

  • Thailand

  • Togo

  • Tunisia

  • Turkiye

  • Uganda

  • United Arab Emirates

  • United Kingdom

  • United States

  • Uruguay

  • Vietnam

  • Zambia

Which business types are eligible?

Grey business accounts are available to eligible businesses operating under the following business types:
​

• Advertising & Media.

• Agriculture & Farming (Non-Cash Intensive).

• Automotive Sales & Leasing.

• Construction & Engineering.

• E-commerce.

• Education.

• Food & Beverage (Non-Cash Intensive).

• Healthcare (Non-Cash Intensive).

• Hospitality & Tourism.

• Manufacturing (Non-Cash Intensive).

• Professional Services (Legal, Accounting, Consulting).

• Real Estate (Residential).

• Retail (Non-Cash Intensive).

• Technology & Software Development.

• Telecommunications.

• Transportation & Logistics.

• Beauty & Personal Care Services.

• Business Process Outsourcing (BPO) / Outsourced Business Services.

• Creative & Design Services.

• Event Services.

• Healthcare Support Services.

• Staffing & Recruitment.

The following business types are restricted from opening a Grey business account:

• Adult Entertainment.

• Anonymous Ownership Structures.

• Art & Antiquities.

• Auction Houses.

• Cash-Intensive Restaurants & Bars.

• Counterfeit Goods & Piracy.

• Crowdfunding Platforms.

• Cybercrime & Fraudulent Schemes.

• Dark Web Marketplaces.

• Drug Trafficking & Cartels.

• Gaming & Gambling (Regulated).

• Gaming & Gambling (Unregulated).

• Healthcare (Cash Intensive).

• High-Risk Investment Schemes.

• High-Value Cash Businesses.

• Human Trafficking & Smuggling.

• Illegal Gambling Operations.

• Insurance (Non-Life).

• Investment Firms & Hedge Funds.

• Jewelry & Precious Metals.

• Legal Cannabis (Regulated).

• Luxury Goods Retail.

• Manufacturing (Cash Intensive).

• Nightclubs & Entertainment Venues.

• Non-Profit Organizations (High Cash Inflows).

• Oil & Gas.

• Pharmaceuticals (Controlled Substances).

• Pharmaceuticals (Non-Controlled Substances).

• Political Organizations & Lobbying Firms.

• Precious Stones & Mining.

• Private Equity & Venture Capital.

• Public Sector & Government Agencies.

• Shell Companies.

• Unlicensed Loan Providers.

• Unlicensed Money Transmitters.

• Unlicensed Payday Lending.

• Unregistered Charities & NGOs.

• Unregulated Offshore Banking.

• Utilities (Electricity, Water, Gas).

• Weapons & Arms Dealers.

• Wildlife Trafficking & Logging.

What you need to qualify?

To qualify for a Grey Business account, your business must be registered in a supported country, operate in an eligible business category and provide the documents required for KYB.

See the documents your company needs for KYB.

Frequently asked questions

  • Which countries are supported for Grey Business?

    Grey Business accounts are available in the countries listed in the supported countries section above.

  • Can a sole trader or freelancer open a Grey Business account?

    Yes, eligible sole traders and freelancers can open a Grey business account subject to the applicable requirements.

  • Are any business types restricted?

    Yes, certain business types are restricted and cannot open a Grey Business account. The restricted business types are listed above.

  • Do I need a registered company to qualify?

    Yes, you need to have a legally registered business to qualify for a Grey business account.

  • What documents prove eligibility?

    You will need to provide a valid business registration and supporting documents that verify your business and it's eligibility.

    The Eligibility requirement are stated here.

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