International Bank Account Open
International business bank account
Since the financial crash in 2008, there has been a very significant increase of the regulation of banks. This has been reflected in the problems of opening up a bank account. In our own experience, banks are applying much tougher “know your client (KYC)” checks on setting up accounts for customers with an overseas aspect.
In order to facilitate the running of your company’s finances, it is advisable to conduct research into payment integration initiatives such as the Single Euro Payments Area (SEPA) which aims to simplify bank transfers denominated in Euro.
Deciding to open your company’s bank account outside the UK, you may need to research the various packages bank provide is of paramount importance; different banks offer a wide range of services tailored to particular business models.
Before you take any steps to set up a business account overseas,you should speak with experienced advisers like us to try and establish what options work. Our firms strong and competent team will not only make your life easier, but will also increase the chance of success.