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Rules for UK Company Formation for Non-Resident with Bank Account

  • Post By admin
  • Sep 13, 2021

The UK laws are quite generous for business owners. This is the reason why entrepreneurs try to expand their business in the UK. Even though this topic is a much-discussed one, finding the right answer for some easy questions can be difficult. One such topic is the rules for UK company formation for non-residents with bank account.

Now, the first thing that needs to be addressed in this context is whether opening a bank account and registering a company is related or not. To put it simply, both are related but not entirely dependent on each other.

In other words, you can open a savings bank account in the UK without opening a company. As long as you have valid documents and pass the verification process, the bank account opening is not an issue. However, you will need a Nominee Director if you are not a UK resident.

As for the business bank account, you will have to register your company for that first. A business bank account is also possible for non-residents. But the approval takes a little time since the UK has a strict money laundering policy.

On the other hand, you can open a company in the UK even if you are a foreigner. This doesn’t even require a visit. And, you don’t need a UK bank account for that either. You can simply use a payment gateway for transaction purposes. However, having a business bank account associated with your UK company does have some benefits. So, it is better to go for UK company formation for non-residents with bank account.

Where to Go for Company Formation for Non-Resident with Bank Account

If you are a non-resident and looking for UK company formation for non-residents with bank account, then you need a service provider like Activate Global Limited. What we do is take care of the UK company formation for non-residents with bank account on your behalf. Our representative submits your application and visits the bank of your choice in your stead.