UK LTD + High Street Bank account for Non Resident

[TheTrader]

Hi, I want to open a UK high street bank account for my UK LTD company as a non resident. Indian passport Holder, have residency inn 3 GCC countries. Source of funds will be from another UK bank account who owes me some money in GCC. I am willing to deposit 7 figures initially and significantly increase the investment. The plan is to invest in UK, China and UAE using the funds. The UK entity will be a holding company. Any advice on how to proceed will be helpful. I haven't started the UK LTD. I have plans to invest in UK real estate, that is the main reason for UK company and accounts. I am open to any other setups that will be helpful. Thank you

 

[Sols]

One way in might be to reach out to the private banking divisions of Barclays, HSBC, Lloyds, and NatWest. You may need to start offshore in Isle of Man, Jersey/Guernsey, or Gibraltar. In some ways, those territories function like regular UK banks but in other ways not. Establish a relationship and then go from there transition into business banking at which point you may be able to establish a relationship with the bank in mainland UK.

Nedbank or Investec may be better fits than the usual high street banks.

Working through a trusted intermediary fiduciary like Vistra, Sovereign Group, Dixcart, and so on might help open doors or cut corners if you're struggling doing it yourself.

 

[TheTrader]

My initial plan is to visit HSBC and Barlays like you mentioned. But will they have any issues with my source of funds? Also any insights on my tax implications?