What is the difference between a Low Risk & High Risk Business Activity?The risk of your business will often determine what facilities are available or how much the application fee will be.
What is a Low Risk and a High Risk business activity?
You will often see within this website that we refer to ‘Risk’ in respect of a businesses activity, which actually refers to how a bank or banking provider would classify what the business activity actually is.
Often a Low Risk business can expect to pay less for an application and obtain more banking facilities, like a GBP account, Bank/Debit Card and less scrutiny, where as High Risk businesses will almost certainly need to pay more to apply and could find some facilities slightly restricted.
What are the Low Risk business activities?
Low risk business will include, but not restricted to the following business activities:
Retail, Consultants, Manufacturers, Wholesalers, Construction, Service Providers, Education, Transport,
Countries listed as Low Risk include but not restricted to the following countries:
UK, All of Europe, USA/Canada, Australia, NZ and most Commonwealth Countries
What are the High Risk business activities?
High risk business will include, but not restricted to the following business activities:
Crypto Currencies, Money Service Businesses, FX companies, Gaming & Gambling, Precious Metals & Jewellery, Adult Entertainment, Investments,
Countries listed as High Risk include but not restricted to the following countries:
Asia, Russia, Ukraine, UAE, etc
WE CAN STILL HELP MOST HIGH RISK ACTIVITIES AND COUNTRIES
There will be many more examples of both of these but hopefully these examples will help you get a general idea of what would be classified as either Low Risk or High Risk, in respect of activities and residency of the shareholders/directors.
Unsure and got a question? Please either call +44 20 3286 3929 or email firstname.lastname@example.org
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