Can I open an business account if I live outside the EEA or my company is registered outside EEA?

The answer is yes, but for non-EEA companies we requires more documents and €998 to update your account from primary account to standard account.

The definition of EEA company is 1. company is registered EEA 2. the legal person's nationality is in EEA or resident in EEA (requires supporting document such as resident permit, water/gas/electricity/phone bills, bank statement, rent agreement, etc) .