UK LLP - Access to trade finance and loans

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Hi

We are about to move our company based in Seychelles to the UK given limited access to finance for IBC. Our activity is trading of commodities (sugar, flour, rice) with our main markets being in Africa.

Based on some guidance received here, a good place for doing so would be to form a UK LLP. However before going deep into the process, does any one has some feedback on what we could expect in getting some banking facilities for this kind of entity and business? Does the fact that we have 2 non-UK based director can be an issue?


Thanks

 

[Martin Everson]

Have you tried Euroexim bank with Seychelles entity firstly?

https://www.euroeximbank.com/
P.S Sorry got no feedback on them personally.

 

[Artemis Eleutheria]

Hi

We are about to move our company based in Seychelles to the UK given limited access to finance for IBC. Our activity is trading of commodities (sugar, flour, rice) with our main markets being in Africa.

Based on some guidance received here, a good place for doing so would be to form a UK LLP. However before going deep into the process, does any one has some feedback on what we could expect in getting some banking facilities for this kind of entity and business? Does the fact that we have 2 non-UK based director can be an issue?


Thanks

Would most likely depend on residency/passport of those 2 directors

 

[MrTony]

Have you tried Euroexim bank with Seychelles entity firstly?

https://www.euroeximbank.com/
P.S Sorry got no feedback on them personally.

Do you know do they have own SWIFT?

 

[Martin Everson]

Do you know do they have own SWIFT?

EULULCL1XXX - for St Lucia bank
EUEIGB22XXX - for UK Representative office