UK Bank Account Opening

All companies require a bank account but opening accounts is becoming increasingly difficult due to international transparency and anti-money laundering initiatives. Many banks will no longer open accounts for non-resident companies. Others will only open accounts for companies that have been introduced by a recognised and licensed service provider that is on their ‘approved list’.

All banks now undertake increased due diligence – not just when opening accounts but also on a transactional basis. Account opening procedures differ widely between banks, sometimes even between different branches of the same bank. Applications can be complicated and documents often have to be certified or notarised and translated.

Sovereign has longstanding relationships with many banks around the world and can assist with bank introductions and the preparation and submission of the necessary documentation.

Interested in UK Bank Account Opening?

Middle East Focus – September 2019

  • Saudi Arabia and Bahrain lead FDI inflow in Gulf region
  • DMCC partners with DED to introduce dual licensing scheme
  • DIFC introduces new Employment Law
  • RAKEZ Business Women Package – Inspiring female entrepreneurship
  • UAE relaxes foreign ownership restrictions and introduces substance requirements
  • UAE ratifies the Multilateral BEPS Convention

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Sovereign Trust (Gibraltar) Limited
Tel: +350 200 76173