UK business bank account opening
Opening a UK business bank account has become one of the harder steps in setting up in the UK, particularly for owners living and operating abroad. Every new bank-customer relationship now has to evidence compliance with legal and reputational regulations, which means providing complete details of ownership and sources of wealth, and every bank has its own risk thresholds and application process. What used to be routine can now take months.
We are specialists in reducing the risk in international investment projects, and we have an extensive network of contacts to help you set up and open a business bank account as quickly as possible. One client had been trying for eight months; with our help they had an account within three days.
Who do we help?
We support organisations looking to invest in the UK and elsewhere, and needing the right location, people, funding and infrastructure to do it. We work with directors of international companies who don’t have time to research banking providers but still need the best option with a short turnaround. Our innovative self-service online tool, Gateley Mint, is available to companies and LLPs looking to find a suitable financial solutions provider.
How can we help?
Opening your UK business bank account
We support businesses through the whole application:
- providing a UK business banking solution in as little as 5 business days
- reviewing KYC documents and business cases
- matching and introducing you to the most appropriate banking solution provider
- providing ongoing support throughout the process of setting up your account
- assisting with notarising and verifying documents.
Getting this right early minimises the risk of disruption when funds start flowing from customers to your business and on to your shareholders and suppliers.
Beyond the bank account
For overseas businesses launching in the UK, we provide a comprehensive advisory service that goes well beyond the bank account: setting up the appropriate corporate structures, company secretarial and corporate governance support, employment and immigration matters, and helping you invest in, acquire, lease, develop or refit commercial property.
Gateley Mint, our free-to-use self service banking tool
We created Gateley Mint for business owners who don’t have time to research banking providers but need the best option quickly. It is a free self-service online tool that matches international businesses with the most appropriate UK business bank account, across high street banks, e-banks, EMIs and FinTech providers. After a short set of questions about your business operations, Gateley Mint matches you with providers that can accommodate international transfers and foreign exchange transactions.
Our goal is to save time for entrepreneurs by taking the complication out of finding a banking provider.