Seychelles Non Resident Company to open business bank account in United Kingdom?

[dor]

Is it possible for non resident company to open up a business bank account in UK?


Or this option is long gone and you have to create UK company and as an agent transfer money back to offshore bank account for a fee?

 

[Zqq]

No, banks in the UK do not open accounts for IBCs or other typical offshore companies. They hardly let any foreign company accounts, even from more reputable jurisdictions.


You will most likely need a UK company, if even then as a non-resident. At best you can get a UK bank account with a European company, but that's far from a guarantee.

 

[dor]

Ok, that is what I thought...


So then I create UK Company and tell UK bank that this company is going to be an agent to offshore company?


Or how do I explain to the bank?

 

[Zqq]

That could work, yes, but before you waste time and money on setting up the company, contact a couple of banks and see if you can get pre-approval for your business plan.

 

[dor]

or if they don't like an idea of an agent/intermediary nominee uk company for offshore IBC I could tell me what they want to hear?


They wouldn't care, would they?

 

[dor]

I've noticed it is a bad luck to overload with info UK banks' clerks


They start to look at you weird and then shut down themselves completely )

 

[Zqq]

UK banks care a lot. Unless you bring serious capital to them, they almost always shy away from offshore structures.


You are right in that it's better to be concise. Be honest and upfront, but there is no need to overwhelm them with information. It's better to let them ask the questions.


I've seen offshore companies successfully set up payment processing companies in the UK and get bank accounts there, but that requires an FSA license. Might be something to consider though, depending on the size of your operation.

 

[dor]

I am extremely small, I am in affiliate marketing business, promoting web hostings, software, digital products, and get paid commissions.


Average income 3k to 6k per month, and expenses 1k-1.5k per month

 

[alain]

I walked into Barclays in London and after a meeting they opened my account, personal account.

 

[dor]

Why would you open a personal account?


The whole point of this is to create different legal entity.

 

[vikja]

That's true, never option for a personal account.