Opening a business bank account if you\u2019re not a UK resident is likely to be more complicated than for residents, but if you\u2019re operating your business in the UK it\u2019s well worth having one. Your ability to open one will depend on a range of factors, so you\u2019ll need to think about what type of account you need.<\/p>
Although there\u2019s no legal requirement for you to be a UK resident to open a business account in the UK, every bank or account provider will have its own criteria and process. And it can take quite a while, with lots of paperwork. You can try the bigger, established banks or you can look into digital, challenger banks. <\/p>
In most cases, only the director of a business registered with Companies House will be able to open a business bank account. Tide<\/a> is an example of a business account provider that will let you open an account as a non-resident, provided you have a UK residential address and phone number. It also provides a service to register your business with Companies House.<\/p> Revolut<\/a> is another digital option that could provide you with a simpler application process, as your company can be registered in the UK or European Economic Area (EEA). Its process is online as well, which might end up being quicker.<\/p> You\u2019ll need to think about whether you actually need a full bank account as well, because you might be able to use Wise, Revolut or Airwallex<\/a> to send and receive money in multiples countries and currencies. One of these could fulfil most of your requirements, so it\u2019s important to understand what you need before you apply. It could save you time, money and paperwork.<\/p> You should also consider whether the bank you\u2019re using in your home country has a presence in the UK and whether you\u2019re able to open an account that way.<\/p>Latest reviews of business accounts for non-uk residents<\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n \n \n \n \n \n \n \n\n\n \n \n\n\n\n\n\n\n\n\n\n\n\n\n\n