You can order up to 100 prepaid debit cards for yourself or other team members.

Before using your VISA prepaid cards, you will need to first transfer a selected amount of funds from your company’s bank account to the card - this process is called charging the card. The prepaid VISA cards hold only the amount you transfer there from the company’s bank account. Cards are not automatically deducting payments from your company bank account, which provides additional security if the card is lost or misused.

Once funds are loaded onto the card, it works like a regular debit card for in-store payments, online purchases, and ATM withdrawals worldwide. If you transfer more funds than intended, you can return the funds back to the company account at any time, using the Sky Continent application.

All debit card(s) transactions and balances are visible to directors and shareholders of the company and all transactions are automatically recorded in the accounting system as company expenses.

You can block your debit card in the application if you suspect it has been lost or stolen. Before blocking the card, please transfer the funds on the card back to the company’s account for higher security. You may order a new card at any time.

Shareholders decide to which country and to which bank account they wish to receive their profits and dividends. Shareholders may change their personal Home Bank Account at any time. When a Director clicks on “Send Dividends” in the internet banking, the payment is automatically distributed to the bank account listed in the application as the currently active Home Bank Account of each shareholder.

Shareholders who are frequent world travellers may receive dividends in any country of their choice; however, taxation of dividends depends on their tax residency and applicable local regulations. In practice, shareholders usually choose to receive dividends in the place where they manage their personal taxation, health insurance, or retirement obligations.

If you are a tax resident in more than one country and receive dividends to different bank accounts at different times, Sky Continent makes it easy to track your payments throughout the year. A complete overview of all dividends received is available in the personal section of the application.

If your company does not yet generate profits but needs to pay the monthly fee, or if you wish to fund the purchase of assets or real estate through your Cloud-Based Company bank account, you may inject funds into your own Cloud-Based Company quickly and easily. Go to Internet Banking and click Invest Into Your Company. The system will generate a payment link allowing you to transfer funds using your personal credit card, debit card, or internet banking. The funds will then be credited to your Cloud-Based Company’s bank account.

Once the company generates profits, you may repay yourself by selecting General Payment and choosing the payment type Return of Investment. A Return of Investment represents repayment of funds previously invested into the company and is not treated as taxable income.

If there are any funds remaining in the company’s bank account after the company was closed, they will be transferred to the personal home bank account(s) of the active shareholder(s) as dividends by the Sky Continent Management House. The dividends will be distributed in proportion to each shareholder’s ownership percentage.

The cost for company closure is 6 EUR which can be covered from the last balance on the bank account.