UK LTD / ACCOUNTS IN DIFFERENT COUNTRIES
UK LTD Bank Account. Dedicated IBAN.
How to open a bank account for an English company online. For a UK Ltd, you can open a primary and a second company account in different countries and currencies. An account outside the United Kingdom is traditionally called an offshore company account.
Foreign founders can be the director and shareholder. Most routine work is digital and paperless; identity, professional certification or a provider interview may still be required.
Did secret offshore companies in England always exist? In general — yes, this was possible. For example, if offshore companies in Panama have existed for almost 100 years since 1927, nothing prevented two Panamanian offshore companies from opening a company in England earlier, for example in the City of London, as an LP or LLP partnership, and obtaining a 100% British offshore structure as the result. Especially in those good old days when there was no internet, no public registers and everything was kept on paper. It simply attracted little attention and isolated cases, so to speak, went unnoticed. Now everything has changed. But offshore structures remain. Banks, however, require more work: accounts are no longer opened for “clients from the street”, or walking clients, as one says in English. The bank must be persuaded that the business intentions are proper and that there is no intention to optimise taxes. But the essence remains the same.
10 / Open a Company Bank Account
Open a Company Bank Account
Selected banks and payment institutions for non-resident owners — with remote identification where the provider permits it.
Payment System Account →
A company account with a European EMI or fintech company is convenient for EUR, IBAN, SEPA and multi-currency payments.
Company Account with a Traditional Bank →
An English UK Ltd can open an account not only in the United Kingdom.
Bank Account in Cyprus →
A Cyprus account suits a UK Ltd working with clients and suppliers in the European Union and using EUR.
Company Bank Account in Switzerland →
A Swiss account is usually selected for larger amounts, international payments and a second banking relationship for the UK Ltd.
Company Bank Account in Singapore →
A UK Ltd can open a company bank account in Singapore.
Company Bank Account in Hong Kong →
A Hong Kong company account suits a UK Ltd buying goods in Asia, receiving HKD/USD or working with Greater China counterparties.
Company Account with a Puerto Rico Bank →
A Puerto Rico company account is considered for a UK Ltd needing USD payments and a banking base for the American direction.
Visa / Mastercard Acquiring →
A merchant account and online acquiring allow a UK Ltd to accept Visa / Mastercard on its website and receive revenue to a corporate bank or payment account.
UK Ltd Accounts in Different Currencies →
A multi-currency UK Ltd account can be opened in Europe, Switzerland or Asia.
Account for a Business Working with Crypto Assets →
For a business working with digital assets, a UK Ltd can use a separate fiat company account in EUR, GBP, USD, CHF or another currency.
