Bank account for foreign owned UK LTD, possible?

[Houdini]

Where would it be possible for a foreign owned company in the UK to open a corporate bank account? I'm not talking about EMI's ?

With all the research I have done, testing and trying I say it is impossible!

 

[wellington]

Why on earth would you open a company in the UK if foreigner owned ? I’m guessing it has no presence in the UK?

- UK has massive scam issue where companies registered for legitimacy used for fraudulent investing platforms (MLM/Ponzi)

- banking even for commercial companies operating in the UK is so difficult most result in EMIs

- UK taxes

- UK regulations

- Chaos with a open communist running the treasury - literally put a portrait up of the founding partner of the British communist party

 

[daniels27]

If I look at Companies House, the UK is full of UK Limiteds owned by foreigners of all sorts: Germans, Spaniards, Jamaicans and even rich dudes from more exotic places.

Are we talking about Limited owned by non -residents?

Afaik the banks don't care much as long as the owner can produce a UK address proof.

 

[brianK]

I have as well not been able to open any bank account yet.

 

[SCHLOSSFINANZ]

ZERO chances.

 

[avalanche]

Why on earth would you open a company in the UK if foreigner owned ? I’m guessing it has no presence in the UK?

Simple answer: access to Stripe and much lower bureaucratic burden compared to many countries and cheaper than any other jurisdiction for small business.

Talking from my personal experience where local company needs to file plenty of paperwork just to pay vendors. While UK company can just receive PDF invoices of arbitrary format, send money and all good.