Open A Company In Uk With Bank Account

If you want to open a business account there is a range of business bank accounts to choose from.

Open a company in uk with bank account. It s usually easier to open a bank account with one of the uk s largest banks i e. Uk bank account only. You can choose to open an international bank account in one of three major currencies dollar sterling and euro and hold these funds in the uk jersey or the isle of man. To open a uk business bank account you will need two documents one to prove your identity usually your passport or national identity card and one to prove your address which applies to both in branch and online.

If you don t have any company directors resident in the uk then an international business account is your best option. Banks however are wary about working with non residents because of the extra administration and possible exposure to fraud. The starling bank business account is open to you if you re self employed or the owner of a limited company or if you re part of a limited company with multiple owners. You must have been trading for a minimum of 18 months to apply.

Uk residency isn t legally required to open a business bank account. Note that sole traders must have a starling bank personal account to open a sole trader account. All are free for the first 18 months and include perks such as a dedicated relationship manager to help you build your business and a knowledge centre with training articles and videos.