Bank Accounts Registration
Cutting through the red tape to help establish the correct banking partner for your business.
Registering for and opening a new UK bank account can be a tricky process, especially if you are a foreigner looking to open a business account.
Due to anti-fraud measures and high admin costs, UK banks commonly reject applications from overseas residents to open a business account. At the very least, you’ll be subject to extensive background and credit checks, and you’ll be required to present the necessary legal and tax documentation.
Though this red tape employed by the big banks is well justified, it can result in a hugely complex and time-consuming process, ultimately serving as a significant obstacle to your dreams of starting a business in the UK.
Having said that, opening a UK business bank account as a non-UK resident is far from impossible – and it can be made a whole lot easier, and less time consuming, with the right accountants on your side.
How it Works
Help with bank account registration
The process for opening a business account is more or less the same for all UK banks, but the requirements do differ slightly. For instance, HSBC allows non-resident directors to open an account (provided they visit the UK and present the necessary documentation), whereas Lloyds Bank will only permit a business account if at least one director lives in the UK.
Here at Gower, we will be able to connect you with the correct banking partner for your business – based on your unique situation and the most up-to-date policies of all UK banks. Our UK bank registration service includes:
Examining your suitability for any given bank
Preparation of paperwork
Facilitation of all necessary documents
Submitting your application for fast-track approval
Advice on other options if necessary, such as opening a UK virtual bank account
And more! Get in touch for more info!
Currently, there may be a lot of red tape standing in your way – but with us doing all the legwork, and navigating the complexities of opening a UK business account on your behalf, you can cut right through it.
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