Open a Bank Account in UK
Great Britain is one of the friendliest countries for Ukrainians. Banks in this country willingly open accounts for individuals and legal entities from Ukraine. However, this country has its own laws and restrictions for account opening, about which you’d better know before starting the registration procedure. The Lawtter Solutions company offers its clients to open a bank account in the UK. Using our services, you will be able to get a bank account abroad on attractive terms.
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Opening an account
What do you need to know about opening a bank account in the UK?
There are two main types of banks in the UK. Before you open a UK account, you need to know about them. So, the banks in the UK are as follows:
Retail
A universal type of bank that targets both individuals and businesses. These are large banks that are designed for large financial and investment transactions.
Private
They are focused primarily on individuals. They are suitable for everyday payment transactions. It is easier for a foreigner to open an account in the UK in such banks because they have fewer requirements.
Great Britain is a good option for companies that wish to open an account in a foreign bank. In this country, it is possible to register offshore companies. Accordingly, a non-resident can open an account in a bank in England.
It is important to know that in the UK, it is impossible to open a bank account remotely while abroad. Every shareholder whose share is from 10% is obliged to visit the bank. The shareholder can visit the branch either in person. Or it can be done by their authorized person. An alternative to opening an account online is a payment system.
Benefits of opening a bank account in the UK
Opening an account in the UK allows customers to gain several important benefits. The main ones are as follows:
Respectable jurisdiction
Companies from any jurisdiction are ready to work with a business with a UK bank account. The UK banking license is one of the most reputable in the world.Opportunity to open different accounts
For individuals, there are current, savings, and target accounts.Legal entities can use corporate, savings, or trust accounts
Individuals can get a bank card.Banking Worldwide
A large number of banks offer account opening services for foreigners and foreign companies.Neobank Solutions
It is possible to open an account in a payment system or neobank. This will be an alternative to traditional banking.Offshore Accounts
Possibility to open an offshore account for legal entities.Documents
List of documents for opening an account
Wonder, “How do I open a bank account in the UK?” Well, first, you need to prepare a package of documents. For individuals, it includes:
- Passport or other identity document;
- Proof of residential address;
- Taxpayer identification number;
- Proof of origin of funds;
- Resume (CV).
If a UK bank account is needed for a legal entity, the following papers need to be prepared:
- Constituent documents of the legal entity;
- ID of the director and shareholders;
- If the manager opens the account, you need to present the ID card of the manager and power of attorney issued by the director;
- Proof of residence address of the director, shareholders, and manager (if any);
- Agreements with business partners;
- Confirmation of the origin of the money.
Stages of opening an account
It is also important to choose a bank in the UK that offers suitable terms and conditions. The main banks that open UK bank accounts for non-residents are as follows:
- Barclays Bank PLC;
- The Royal Bank of Scotland PLC;
- Metro Bank PLC;
- HSBC Bank PLC;
- Santander UK;
- Lloyds Bank PLC, etc.
Also, with the assistance of Lawtter Solutions, it is possible to buy a company with a ready-made account in an English bank. Please contact our managers to find out more.
+38 093 177 52 70 
+1 484 457 89 11 
+44 745 819 79 87 Important: Lawtter Solutions does not provide services to citizens and residents of the Russian Federation.