Opening a Business Account if I'm not a UK ResidentGuaranteed Business Accounts
Opening a Business Account if I’m not a UK Resident.
The UK is one of the very few places in the world where you need to be a resident in order to open a business account, so what are the options?
The UK regulations means that a business can only open a UK business bank account if all the main principles are UK residents, which can leave some foreign owners with a problem if they wish to buy or invest in a UK company.
If all the main directors of a UK company are residents then there will always be a Business Bank Account that can be opened, however your options will be severely restricted if one or more are not, as any application will be automatically rejected.
So what are my options for Opening a Business Account if I’m not a UK Resident?
In truth, whilst your options for opening a UK will be very restricted and almost impossible unless the non resident is removed as a Director, there are options which will be available for you even if not with one of the main high street banks.
With sufficient verified identification we will be able to open you a new business account that will offer nearly all of the main functionality of a regular business account, so you will have a sort code and account number (essential for any HMRC payments due to you) Internet banking, faster payments (in & out) standing orders, direct debits and a business card linked directly to the account like a debit card.
Will I be able to use an Offshore Bank Account for my UK business?
Another option if you are a non UK resident might be to open an offshore bank account which could still work sufficiently for your business.
Whilst it may prove very difficult to pay in any cash or cheques, you will be able to use all electronic means for transacting or receiving payments, and with many offshore accounts offering debit cards, you will have access to your funds in almost every part of the world.
With Internet banking a standard now in every bank (including offshore accounts) you will have full control of your businesses finances 24/4, plus with many offshore accounts you can also have multi-currency facilities which can often save you a considerable amount of FX transaction fees depending on the type of business you operate.
Still unsure? If you are still unsure then call and speak to a specialist adviser +44 20 3286 3929 where we will be happy to help and advise you.
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Opening a Business Account if I'm not a UK Resident
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Guaranteed Merchant Services available for those with Adverse Credit or those that have been refused due to the nature of their business so what ever your circumstances we will be able to provide you with the ability to take all types of credit and debit cards.
Whether you require an Offshore Company or an Offshore Bank Account, we can help advise where in the world the best location will be for you and your circumstances. With so many options available, speak to a Specialist for best advice.
Credit Repair Services
One of the main reasons why you will be declined for anything related to finance will be your Credit Rating, so ensuring your credit report is as clean as it could be will ensure you are not penalised, so repair your Credit Report and improve your chances.
Opening a Business Account if I’m not a UK Resident – Essential for Every Business
It is essential for every Business to have it’s own business bank account so that all the financial transactions can be completely and easily managed for your business accounts.
If you are a non UK resident and have experienced problems in opening a business bank account because you do not live in this country, then we can help. We will be able to help you open a new business bank account no matter where you live as long as you can provide suitable verified identification like a copy of a valid passport or national ID plus your proof of address.
Contact Us and speak to a specialist adviser on how we can help you Opening a Business Account if I’m not a UK Resident.