Can a UK limited company have a foreign bank account?

It is possible to open a UK based account for an overseas company in the UK without setting up a UK company – in various currencies. Don’t do it yourself – it will be painful and time consuming! UK banks must undertake customer due diligence, prior to setting up a bank account for their new customers.

Can a company open a bank account in another country?

Yes. However, due to the money laundering act, remitting funds across international borders can sometimes be a bit tricky i.e. they sometimes will only remit funds to accounts in the same country as the business is based. However if the account is in exactly the same name as the company’s this will be ok.

How can a foreigner get a UK bank account?

There is no law or restriction applying to owning a UK bank account. However, things are not that simple. The absence of restrictions regarding opening an account doesn’t mean it is easy to get one. Banks are in no obligation to open bank accounts if you are a non-UK citizen and/or resident.

Can a UK company have an overseas registered office?

Can a UK company have a registered address outside of the UK? UK companies cannot have a registered office address outside of the UK. They must always have a UK address recorded at Companies House. Without a UK address you cannot register a UK company.

How can a non-resident open a UK business bank account?

Companies, such as a limited company Tide offers internet banking via a mobile phone app. You can open a business account online without being a UK resident as long as you’re a director of a company registered with UK Companies House.

Can a non-resident open a UK bank account?

As a physical person, even if you are not a UK citizen and also a non-resident, you can still have a UK bank account. There is no law or restriction applying to owning a UK bank account. However, things are not that simple. The absence of restrictions regarding opening an account doesn’t mean it is easy to get one.

Is Revolut a UK bank account?

Although we do have a banking license, we’re not yet a full-fledged bank in the UK, but an e-money institution (fintech). We intend to acquire a UK banking license in the future, as well as licenses in many of the other regions in which we operate.

Does a UK limited company have to have a UK bank account?

UK companies do not require UK business bank accounts Whilst it may make sense to open an account in the country in which your company is registered, it is possible to open one in your own country of residence. This requires legalising your company documents by having them ‘apostilled’.

Can an EU resident open a UK bank account?

EU Nationals who live in the UK can still apply for an HSBC UK Savings Account.

Can I open a European business account without a registered business?

It is possible to open up a European business account without a registered business in Europe. But only if you have enough transaction volume — 10M€/year and up. Banks still require that you set up a subsidiary in their country, which is a pricy endeavour that involves lawyers, accountants, auditors, and bookkeeping.

What do I need to open a bank account in UK?

Requirements for opening a bank account. To open a UK business bank account, you will need two documents: one to prove your identity (usually your passport or National Identity Card) and. one to prove your address.

Can I open a company account in the UK without UK address?

If you do not reside in the UK you will obviously be unable to provide the required proof of UK address. However, some banks may allow you to open an account if some of the company’s shareholders are resident in UK.

Can I open a UK business bank account without UK residency?

Although its recommended to acquire UK residency before applying for one, as most banks will not entertain an application unless they have UK residency. To open a UK business bank account, you will need two documents: