Can I open a UK business bank account as a non-resident?

There are no laws or restrictions in the UK that prevent non-residents from opening a UK business bank account. However, it may not be as simple as it would be for UK residents.

Most banks require company directors who live in the UK when applying for a bank account. This is due to the UK's anti-money laundering laws, which make it difficult for banks to accept applications from foreign business owners.

To open a UK business bank account, you must have a UK company registered with Companies House. Thus, to be qualified, you do not need to live in the UK.

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Powers of a UK Nominee Director

 Directors are hired to make decisions on behalf of shareholders and for their benefit. Many companies give the authority to their directors to authorize share transfers, while others limit this power to shareholders. It is entirely up to the members of a company to decide the powers of directors. If a director does not have the authority to authorize share transfers, the members must either pass a resolution to authorise the transfer or grant the necessary powers to the director on that particular occasion.

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UK Company Formation - How much time does it take?

The process of UK company formation will take only 1 day if you fill up and submit an online application form through RTRSupports Limited - From choosing a company name to getting your registration approved at Companies House. Each step is very easy to understand, and you will get explanations when required. However, if you get stuck, the professional support team will help you through phone or live chat.

RTRSupports Limited will send you a confirmation email with digital copies of your company formation documents, including the certificate of incorporation once your company has been officially registered in Companies House.

You can start trading through your new UK limited company on the same day.

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