Question UK Ltd + Stripe + Revolut Business Acccount for Non Residents

[Vladtepes]

Hello,

Can I open a business account with Revolut for a UK Ltd if the director is non-resident and lives in Venezuela?
or does Revolut not accept company accounts of directors resident in Venezuela?

Personal accounts from Venezuela are not accepted by Revolut but I'm not sure what happens with an UK ltd if the director will reside in Venezuela.

Will Stripe accept this setup (UK ltd+venezuela director) or I will have the same problem?

Is it possible to keep UK accounts with Xero or Quickbooks or is it better to hire an accountant?

Thank you

 

[CaptK]

The director must be resident in the EU.

 

[Vladtepes]

ok thanks, that is what I was worried about.

 

[EuroKiss]

Hello,

Can I open a business account with Revolut for a UK Ltd if the director is non-resident and lives in Venezuela?
or does Revolut not accept company accounts of directors resident in Venezuela?

Personal accounts from Venezuela are not accepted by Revolut but I'm not sure what happens with an UK ltd if the director will reside in Venezuela.

Will Stripe accept this setup (UK ltd+venezuela director) or I will have the same problem?

Is it possible to keep UK accounts with Xero or Quickbooks or is it better to hire an accountant?

Thank you

No EMI in the world works with Venezuelan residency. Actually, nationality/citizenship is not as important as residency, you could open it as Venezuelan, but residency must be in approved country - not just EU!

 

[uplana]

Most of them will require that the majority is EU resident otherwise your account application will be rejected.

 

[EuroKiss]

Most of them will require that the majority is EU resident otherwise your account application will be rejected.

Most but not all of them, the issue for Vladtepes is Venezuelan residency, which is off-limits for ALL EMI (actually it is in the same list of Cuba, North Korea and Iran).

 

[hapiswood]

does revolut and stripe accept non EU residents/citizens in developing countries but not sanctioned like venezuela as directors?

 

[EuroKiss]

does revolut and stripe accept non EU residents/citizens in developing countries but not sanctioned like venezuela as directors?

Usually yes, but just ask them to be sure, they are pretty much fast answering questions.

 

[boomy]

Usually yes, but just ask them to be sure, they are pretty much fast answering questions.

yes but it does not change the applicable laws.

 

[EuroKiss]

yes but it does not change the applicable laws.

But US can change the sanctioned countries…