EMI or bank for UK LLC under company name

IwishIwasRich · May 11, 2023

Hi, assuming I started a UK company, how do I get a bank account or EMI (the account should be under the LLC name)?
It needs to be online, have an IBAN, and the account must be under the registered company name (pref. also the card but not necessary) and it would be nice if it had a physical debit card.

bigdaddyleon · May 11, 2023

IwishIwasRich said:
how do I get a bank account or EMI

By asking the appropriate bank or EMI if they will accept you as a customer.

IwishIwasRich · May 11, 2023

bigdaddyleon said:
By asking the appropriate bank or EMI if they will accept you as a customer.

Yea the question is which bank account or EMI should I choose? Is bankera good?

bigdaddyleon · May 11, 2023

IwishIwasRich said:
Yea the question is which bank account or EMI should I choose?

Everyone has different experiences with different banks, you can not make a general judgment

Sparkasse worked very well for my German GmbH,
Wise/AirWallex/Payoneer very good for my LLC(US)

IwishIwasRich said:
Is bankera good?

used yesterday for the first time, had to answer a lot of questions for a few thousand euros transfer.
Is not my favorite, would prefer Wise.

IwishIwasRich · May 12, 2023

bigdaddyleon said:
Everyone has different experiences with different banks, you can not make a general judgment

Sparkasse worked very well for my German GmbH,
Wise/AirWallex/Payoneer very good for my LLC(US)

used yesterday for the first time, had to answer a lot of questions for a few thousand euros transfer.
Is not my favorite, would prefer Wise.

I heard negative things about wise, would you recommend a German GmbH instead of a UK LLC for my purpose (basically freelancing and selling merch and stuff)? And how is tax in germany?

bigdaddyleon · May 12, 2023

IwishIwasRich said:
And how is tax in germany?

30% corporate tax

IwishIwasRich said:
would you recommend a German GmbH instead of a UK LLC for my purpose

no

EMI or bank for UK LLC under company name

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EMI or bank for UK LLC under company name

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