Are you looking to set up a business in the UK ?

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  Are you looking to set up a business in the UK?
Opening a bank account in the UK is an important
part of the process. In this post, well provide
information to help you gain a better
understanding of setting up a business and bank
account in the UK as well as common questions we
get asked.
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• How do I register a company in the UK?
•  
• The most straightforward registration process is
  to open for business as a sole trader. In this
  case you only need a National Insurance number,
  and to register with the tax authorities as self
  employed.
• The process to set up a limited company in the UK
  requires a little more time. You need to
• Select a name, and set up a UK address for the
  company
• Register your business with Companies House
• Provide proof of identity for at least one
  director and at least one shareholder
• Set up your company for Corporation Tax
•  

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•  
• The documents youll be asked to provide include
•  
• Articles of association
• Memorandum of association
• Statement of capital
• Standard industry classification coding
•  

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Can non UK residents open a bank account in the
UK?    If company directors are not UK residents,
most banks refuse to open a company bank
account for them. This is mostly to do with
individual bank managers desire to avoid extra
compliance checks that they will need to carry
out for opening UK bank account for non
residents. Even if you apply for the bank account
online, you will not be able to proceed if you do
not have a UK residential address. At Premier UK
we have a long established relationship with
senior bank managers in the City of London which
allows us to introduce clients to them and get
their bank account opened even if they do not
have a UK residential address.
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Can a business bank account be opened
online? While you cannot open a business bank
account online, your initial application can be
made on your selected banks website. We can
advise you and prepare you for a meeting with the
bank manager to make sure your bank account is
opened within 2 to 3 weeks after the meeting with
the bank. You can then complete your UK business
set up and move with confidence setting up your
business in the UK. Our recommended bank for
business accounts HSBC   Non-resident directors
and shareholders (over the age of 18 and with a
residential address within the EU) can open an
HSBC Advance Bank Account, via post or in an HSBC
branch. This account comes with no monthly
accounts fee, 24/7 customer service, 500 daily
ATM cash withdrawals and ability to manage
eligible worldwide HSBC Accounts via one simple
login.  
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• To qualify for this account, you must be
•  
• able to provide HSBC with certified proof of your
  identity (usually your passport or National
  Identity Card) and address (translated into
  English if appropriate),
• pay at least 1,750 into the account (or a
  minimum of 10,500 every 6 months), not including
  money transferred from other sole or joint
  personal accounts held with HSBC Bank