Need Assistance Opening UK Bank Account or EMI for UK Ltd Company For Non-Resident Directors

[heavyhitter2020]

Dear Offshorecorptalk Members,

My business partner and I need some assistance opening up a UK bank account or equivalent for our financial services business. Our business is a LTD company with the shares being individually held by both my business partner and I who are also the directors of the company. Both directors are Australia citizens. We either need assistance with the following:

1. Setting up a bank account or EMI which has a sort code and account number and can receive domestic payments
2. Finding a local resident director with existing banking relationships who can help us in establishing a bank account with a high street bank

We are looking for a solution straight away so please get in contact to discuss.

Thanks

 

[daniels27]

What is a financial services business? Do you hold all licences for that?

 

[heavyhitter2020]

What is a financial services business? Do you hold all licences for that?

The business is classified as 'non FCA' regulated

 

[daniels27]

How much turnover? Maybe try WorldFirst, OFX, Airwallex?

 

[heavyhitter2020]

How much turnover? Maybe try WorldFirst, OFX, Airwallex?

We are still pre-revenue due to being unable to open a bank account. Have tried all of the above options with no luck. UK accounts seem to be very difficult to open.

 

[CyprusLawyer101]

We should be abld to help with an account for a UK company in Cyprus, provided the operation is solid.

 

[heavyhitter2020]

We should be abld to help with an account for a UK company in Cyprus, provided the operation is solid.

Will it have a sort-code with account number?

 

[alley]

Wise provides UK account numbers.

 

[CyprusLawyer101]

Will it have a sort-code with account number?

Sure,

 

[meze99]

Technically you can have a GBP account offshore (for example Cyprus) but you will be limited to wire transfers (swift) only.

 

[Martin Everson]

Our business is a LTD company with the shares being individually held by both my business partner and I who are also the directors of the company.

What is the SIC code of your UK limited your using for financial services? Some codes like 64999 is kiss of death. You may need to use a more subtle code.

 

[CALAY]

We may be able to assist you in opening an account with a Spanish high street bank, offering multi-currency options including EUR, GBP, and other major currencies, within a relatively short timeframe. To proceed, we would need a clearer understanding of your business operations.
Best regards.

 

[heavyhitter2020]

What is the SIC code of your UK limited your using for financial services? Some codes like 64999 is kiss of death. You may need to use a more subtle code.

64922

 

[heavyhitter2020]

Technically you can have a GBP account offshore (for example Cyprus) but you will be limited to wire transfers (swift) only.

We need a domestic account with sort code and account number so that customers can make local payments.