How to Open a UK business bank account for Non UK Residents

Описание: Today I’m going to talk about opening a business bank account for non-UK directors of a UK limited company.

There are many reasons why someone from a different country would like to open a UK limited company, maybe to sell their goods and service into the UK, possibly as here in the UK we are seen by some as a tax efficient location or more possibly as dealing with a UK limited company is considered far more prestigious than others.

For what ever reason registering a limited company here in the UK is very easy and can generally be done quite cheaply online or by using one of the many company formation agents, however opening a business bank account for that business can be considerably harder.

The vast majority of business account providers here will insist the directors and ultimate business owners or shareholders are UK residents, which makes it almost impossible for a non-UK resident to get any sort of banking facilities.

Why might you need a UK business account for your limited company?

Well certainly if you have any dealings with HMRC, who operates our taxing system, you will have to have a UK business account otherwise any potential tax rebate will not be repaid, plus if you are dealing with UK companies, they will often insist they pay an account based here in the UK to avoid costly International transactions, plus if you are using a UK registered business to offer a far better impression to your clients, you will not then want to give them an account outside of the UK to make any payments, as that will shatter the illusion of your prestigious business.

So how can we help you open a UK business account for non UK residents?

The business and finance expertise within our company collectively exceeds over 90 years in total so we know almost all there is to know about banking in the business world plus we have a wide and extensive range of contacts who will consider certain applications from various parts of the world.

We offer a non UK resident business account pre-application service which will initially gather all the necessary information about you, your business and the various key factors which makes up a pre-application, before then approaching our various providers to see who will be prepared to accept your application.

It is not unusual for us to get at least two or three potential providers for you to consider before instructing them to contact you directly in order to make your official application.

Once the application has been made and accepted you will then be able to deal with them directly.

The whole process normally takes around 24 to 48 hours for our pre-application service and then depending on the chosen provider, a subsequent time to complete the process.

The main things you would need to be aware of is that all applications will be based on the identity of the key people within the business, so they must be identified, as would another business if they are a shareholder in the business that is making an application, they must be legally trading and as long as you can provide all of the required documentation, the service will be fully guaranteed, so in the unlikely even your application is declined and no other provider can be found, any application fees paid will be fully refunded.

If you require more information on how we can help open business accounts for non UK residents, please call us on +44 20 3286 3929, visit our website at http://guaranteed-business-accounts.c... and complete an enquiry form or email us at [email protected] where we will be happy to answer any questions you may have.