Select your Bank and Open an Account
If you’re setting up a new business, one of the first things to investigate is opening a business bank account.
Not every business needs a dedicated bank account for the business, although a business bank account may have its benefits.
”If you run a registered limited company in the UK you will need a dedicated business bank account.“
Sterling can guide you and offer advice about the type of bank account that is suitable for your business.
It can be quite tricky to open a bank account in the UK for a foreign corporate entity. But if you already bank with a large global institution in your home country, you may find that they can help you set up an account with their UK business.
Initially you should consider some of the UK’s major banks, such as HSBC, Lloyds, and Barclays. These are more likely to offer international accounts, and specialist UK business bank accounts for non-residents.
As alternative to established traditional banks, you could also look at some of the a digital alternatives that allow you to send, receive and manage your money internationally.
