- Original Poster
- #1
Hi guys,
Im new to UKBF and I was wondering if anybody knew a bank that would approve holding company bank accounts and subsidary companies, SPV. its been set up for property investment and transfer of funds to use when refurbisihng from an existing trading company. the exitsing trading company will be pused under the holding company strcuture too. Just having issues setting up the bank accounts for both the new SPV and new holding company ltd. Also, unsure if I have the shareholder set up correctly as it is a wholly owned by the holding company, however alot of banks are not accepting this type of structure or companys with director but company as shareholder and with parent company.!! Would the director need to be a shareholder in that case below 50% and would that affect the movements of anything such as moving funds or profits up to holding company and then in to other subsidary companies or vice versa??
Im new to UKBF and I was wondering if anybody knew a bank that would approve holding company bank accounts and subsidary companies, SPV. its been set up for property investment and transfer of funds to use when refurbisihng from an existing trading company. the exitsing trading company will be pused under the holding company strcuture too. Just having issues setting up the bank accounts for both the new SPV and new holding company ltd. Also, unsure if I have the shareholder set up correctly as it is a wholly owned by the holding company, however alot of banks are not accepting this type of structure or companys with director but company as shareholder and with parent company.!! Would the director need to be a shareholder in that case below 50% and would that affect the movements of anything such as moving funds or profits up to holding company and then in to other subsidary companies or vice versa??
