It can be very difficult to open a business bank account for a Chinese Amazon seller, but there may be some options available.
Opening a business bank account for a Chinese Amazon seller can be a real challenge as the UK banks will often declined applications from non UK residents.
Even if the owner or directors are willing to travel to the UK they will still get refused.
The added probelm is Amazon has become considerably tougher on anyone outside of the UK selling in their Marketplace.
They are insiting all sellers have a proper registered UK business and bank account.
It appears the UK tax authorities have demanded that Amazon ensure all sellers are registered in the UK and pay over all the sales tax (VAT) they collect when selling.
As such it will become increasingly difficult for those sellers in China to continue selling on Amazon without a UK company and business bank account.
Registering a UK Limited Company is an easy process, but opening a business bank account is not.
So how can you open a business bank account for a Chinese Amazon seller?
The quickest and easiest opions available will be to open an online business bank account.
This can often be done without the need to travel to the UK.
It will also give you a UK sort-code and account numbered bank account, meaning you can colelct your payments directly from Amazon or any other payment processor.
You would need to register a UK Limited Company which will require the use of a UK registered address.
However the Directors and Shareholder can be permitted to do this WITHOUT the need to reside here.
So any non UK resident can apply without the need to live or travel to the UK.
The options will be limited and all applicants would need to supply valid identification documents with appropriate evidence that you have a genuine business.
So assuming that you can, then opening a business bank account for a Chinese Amazon seller is possible.
For details or further information on what will be required and how to apply, please contact us on +44 20 32 86 39 29 or Apply Online