In principle, you have the right to set up a business account from Germany in another EU country. Even if you set up a German GmbH and make your minimum deposits, the law does not stipulate the availability of a German account. However, you often have to overcome administrative hurdles to do so. In the fight against money laundering and the financing of criminal activities, the OECD countries have agreed on common standards for opening a business account abroad. With Qonto, you can open an account abroad and benefit from a local IBAN if you run a business or open a branch in the respective country. Qonto is present in four EU countries - France, Italy and Spain in addition to Germany - and offers a local IBAN in each of them. Unfortunately, it is not possible to open a Qonto business account in these countries if you cannot prove that you have a local business or branch. The good news: all transactions between your Qonto business accounts are free of charge - regardless of the IBAN. If you want to open your business account unbureaucratically and quickly, without a prior appointment at a bank, Qonto is the best place for you: Open a digital account in a few minutes in Germany, France, Spain or Italy from €9/month.Manage your foreign account in real time, via app and in German languageOrder free Premium Mastercard cards and pay securely worldwideSend SEPA real-time transfers and SWIFT transfers at the click of a mouseTest 1 month free of charge For the self-employed as well as small and medium-sized companies, an account abroad is a strong service for foreign customers. They benefit from a familiar IBAN and process every transfer within their national borders. By having several foreign bank accounts, a company demonstrates that it operates internationally - which in turn can help its brand image. It is important to choose a financial partner who also guarantees German-language service for accounts abroad. Here, working with Qonto is worthwhile: With a personal contact person, you are assured of competent support in German, no matter in which country you rely on your business account from Qonto.