What is the procedure to open a business bank account in UK for non-resident?

[Noor Muhammad]

Hello,

I'm conducting my research on establishing an LLC in UK for doing E-commerce business in World. The reasons to establish in UK are:

• I'll be getting a UK registered company.
• I'll be legally allowed to use payment gateways. (which aren't available in Pakistan)
• UK is a big market itself for many aspects.
• and many more

I've contacted Company Formation agent which are agreed to register my sole proprietor company for me.

I want to know what is the procedure to open a bank account in UK under the company name . I've withdrawn the idea of establishing LLC in US, because the banks require to physical presence for some purposes.

What bank is best for opening and managing account online.

Thanks

 

[StevensOnln1]

You need to prove your identity to open a bank account (generally with a passport or driving licence and utility bill or similar as proof of address). If you aren't a UK resident you would almost certainly have to visit a bank branch in the UK to do this. Any bank will allow you to manage your account via internet banking.

 

[Noor Muhammad]

You need to prove your identity to open a bank account (generally with a passport or driving licence and utility bill or similar as proof of address).

Yeah, I have no problem proving my identity as I want everything to be legal.

If you aren't a UK resident you would almost certainly have to visit a bank branch in the UK to do this. Any bank will allow you to manage your account via internet banking.

Aahh. I can't fly to UK just for the sake of opening a bank account. I'll be having visa issues and seriously It'll cost $1000+ to fly from Pak to UK.

 

[@aiteoconsulting]

You'll have next to no chance of opening a bank account as a non-resident and not present. Try this Facebook group & ask the question - it does come up on here from time to time - but you'll struggle, I fear. https://www.facebook.com/groups/LDNstartups/