UK Business Bank Accounts for Chinese ResidentsUK Business accounts for Non-UK Residents
UK Business Bank Accounts for Chinese Residents
Opening any UK Business Bank Accounts for Chinese Residents will always be a challenge as many of the mainstream banks here simply have no appetite to process an application, however we do have dedicated account available with No UK visit required.
The issue with opening any UK Business Bank Accounts for Chines residents is exactly the same as many other non-UK residents in that the mainstream banks here will simply decline almost all applicants who lives outside of the UK.
So how can we help with UK Business Bank Accounts for Chinese Residents?
The easiest and quickest option available is an online business account which will accept residents from China provided they can be formally identified and have a UK registered company.
Apply for your UK Business Bank Accounts for Chinese Residents by Clicking here
or Telephone us on +44 (0)20 3286 3929.
We have access to a select number of business accounts that will consider an application for a Chines resident provided they have some formal identification documents and a legitimate business, both of which would need to be formally identified.
The main benefit of this is there is No UK Visit is Required meaning we can do everythign remotley and the account can be Opened in Days.
Our UK Business Bank Accounts for Chinese Residents are specifically designed for low-risk business activities, so your application will always be accepted if you can substantiate your business and provide all the necessary identification documents required.
Will I be required to travel to the UK to open an account?
There is currently NO UK VISIT REQUIRED to complete the Business account application process, so everything can be done without the need to travel with scanned and certified copies of all the essential documents.
What Information do you need to complete the application?
For the business we will require:
Limited Company name and Registered Address details
Copy of Certificate of Incorporation
Link to your website or other proof of business
For EVERY Director and Shareholder with over 10% share of the business we will require:
Full name & home address
Date of Birth
All contact details – Phone & email address
Photo Identification – Valid passport, Identity card or driving licence
Proof of home address – Recent Utility bill, tax demand, personal bank statement etc
N.B. TRANSLATION OF DOCUMENTS MAY BE REQUIRED TO COMPLETE THE PROCESS.
What will it cost to open a UK Bank Account for Chinese Residents?
The opening charges will vary depending on the number of Directors and shareholders, plus the complexity of the businesses but will start from around £595.00 and can be opened in a matter of days once all documents have been formally submitted.
I don't have a UK Limited Company, can you register one too?
Yes we can offer the full service of Advising on Registering a UK Limited Company, formally registering your new company and the use of our UK Registered Address, which is essential for every UK business.
You MUST have at least One Director and shareholder plus a UK registered address when registering a UK Limited Company.
UK Business Bank Accounts for Chinese Residents – Features of this business account.
The type of banking facilities available will very much depend on the ‘risk’ profile of your business, so may can expect to get access to a UK sort-code and GBP account number, a key element to accept UK faster payments.
Here are some of the features you can be sure will be INCLUDED with your new Business Account:
- UK Sort Code & Account Number* (Low risk only – All Online Sellers accepted)
- Euro Account with IBAN & SWIFT** (High risk businesses)
- Internet & Online Banking
- UK-UK Payments*
- Euro Payments**
- SAFE: Fully Regulated & Authorised by the FCA
- No long term contracts – cancel at anytime
If you want to know more about why the mainstream banks often decline applications from Non UK residents, please read the page on Why the mainstream banks decline non UK resident business account applications.
- UK Business Bank Accounts for residents of China are only offered to those with a UK Limited Company
- Valid photographic identification must be provided for all Directors and main shareholders
- Multi-currency accounts available (subject to T&Cs)
- Easy to Open with Quick Decision – Apply Online Here
Extra Direct is NOT a Bank but a specialist banking intermediary who is able to source and help open business accounts for non UK resident directors and shareholders, including those who reside in China and can provide suitable photographic and proof of home address identity.