
- Proof of ID: passport, UK photo driving license or national ID card
- Two forms of Proof of address: recent bank statement or utility bill, or council tax statement
- Name of legal entity, registered address, shareholder data and percentages.
- Addresses of main shareholders (usually 10-25% or more) and directors.
- Description of parent company trading activities.
- Jurisdiction for tax purposes of parent company.
- Where the individuals are registered for tax, the banks require tax registration details for anyone registered for tax and social security outside of the UK.
- Name of legal entity, registered address.
- Director addresses.
- Description of UK business trading activities; the banks are looking to fully understand why a UK account is required.
- Projected turnover of the UK company.
- Details of expenditure, outgoings, potential suppliers and potential customer names.
- Details of directors and whether they are registered for tax in any other country other than the UK.
- Details of signatories who will have access to the UK bank account.
- What currency accounts, if any, are required.
- Internet banking: simple or enhanced; access only, key payments, authorise payments etc.
- Notarised Proof of Identity and two forms of home address documents such as a recent bank statement and utility bill, showing home address of the individuals. This data will be required for the majority shareholder(s) and those who are to have access to the UK bank account.
- Covering letter from the Notary addressed to the UK bank confirming they have met with individuals, and notarised copies of passports/bank statements/utility bills.
- Where the documents are not in English, they will need to be translated.
- Under FATCA regulations, UK banks are required to know where the company is resident for tax purposes – if it’s part of a group, other such jurisdictions may need to be noted also.
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