. You are now free to open a bank account in any Member State of the European Union and to make bank transfers to or from that account. However this general right is exercised in accordance with detailed rules that vary from one Member State to another. Accordingly, if you wish to open an account in certain Member States but you neither live there nor are registered there for tax purposes, you will have to prove that you are resident in another Member State. We may assist you to set-up a bank account in Lithuania.
If you’ve ever wondered whether you could benefit from an offshore bank account, or you’re considering opening an account but you are not sure which one to go for, this guide has been written with you in mind! We take you right through the process - from examining the benefits of banking offshore to finding and opening the best offshore bank account for your requirements. Many in the offshore industry will now ask for a copy of your passport, together with two reference letters attesting to your good character. Some will go as far as to seek to confirm your actual residential address and ask to see a household utility bill in your name. Why? To fulfil due diligence procedures, they claim, and yet anyone determined and cunning enough can easily circumvent such requirements. We may assist you to open an offshore banking account in BVI, Panama, Belize, Seychelles and Nevis.
Under the new resolution establishing the Company Register, all registration documents (including the documents concerning the establishment of the branches and representative offices of all foreign legal persons) have to be verified by the notary and legalised under Apostille.
Choose one of the following packages that will best serve you:
Further information
Useful advice for people moving, living working or retiring abroad. Country guides, financial planning and more. Offshore deposit accounts with attractive interest rates, in all major currencies. Invest offshore for potential growth, capital security or income. Invest directly, or ask us for independent financial advice. A full private banking relationship to help you manage, protect and develop your wealth. New country, new tax rules. Learn how you could be affected when you move abroad, or take a look at our European Savings Directive update. provide introductions to onshore and off-shore banks which we represent and are the official agent of most. These banks which are well established institutions offer an online corporate offshore bank account, with offshore credit card or debit card, and which can be operated via the internet, fax or phone.
All bank accounts can be opened via courier post. We have many optional services from which a client may choose. Among the options, we have available for immediate use, offshore shelf companies and off the shelf vintage companies; these ready made offshore IBCs are the same except that the offshore vintage companies are older. None of the shelf offshore corporations have ever been in use or ever held a bank account. In other words these companies are all 100% tax-free and clean. We also offer nominee director and/or shareholder services, and virtual office service which includes the provision of an e-mail address, fax and answering machine.
Cyprus is a sophisticated low-tax jurisdiction with a wide network of double tax treaties. Its laws follow those of the British tax system, complying with internationally accepted regulatory requirements.
Your dedicated Relationship Manager will work alongside your business to build up a detailed understanding of its needs. He/she will then recommend how we can best tailor our resources to fit your business requirements. Take advantage of the numerous benefits of offshore corporate structures. Whatever the size of your company or the nature of your business, our International Corporate teams can help you enjoy the benefits of offshore structures, which include: Significant tax savings, A wider choice of savings and investments products. Protection against volatile economic and political environments. Easier trading across international borders. Tax-free interest on savings such as employee pension schemes. Access to finance for the UK investment market through offshore vehicles. Reduced exchange risks.
This website provides information on a wide range of offshore financial services specifically tailored to your needs wherever you live, offering a wide range of accounts and banking services, offshore investment funds and money market accounts - three main deposit accounts. Sterling current account with a cheque guarantee card and various types of Credit and Charge Cards are available to compliment this account (The application for Credit, Charge or Cheque Guarantee cards are subject to status). Savings accounts in Sterling, US Dollars or Euros which pay attractive variable interest. We have Call Accounts in most worldwide currencies. Our accounts are designed to make the most of offshore tax planning opportunities. With this in mind we pay interest gross without deduction of tax (although you will need to include your interest when assessing income for tax purposes in your country of residence).
We are agents for several prime offshore banks in the Caribbean and Europe, ones we have been dealing and banking with for many years and you will have at least four different banks to choose from for your offshore banking when we send their documentation to you after Incorporating your IBC. Many of our clients have their offshore company in one country and their offshore account in another jurisdiction. We give you choices opening Banking Accounts in BVI, Belize, Cyprus, United Kingdom, USA United States etc. Tax-free Offshore bank accounts are opened in the name of your IBC and are operated in much the same manner as a mainland or onshore bank account. You can have payments direct credited or shift funds in and out via wire transfer. You can access account balances and statements online and shuffle funds between accounts.
In order for us to open a bank account for the company or partnership we will need the following items: Drivers License and Passport, with photo also please list address of record. Utility Bills issued within the last three months with the applicant’s current address. Business card with name and title of principal signer. Detailed description of business type - nature of business. List location of primary trading area. Certificate of Incorporation and Certificate of Good Standing. The opening of a UK business bank account will require all directors to be present, thus reasonable notice must be given in order for meetings to be arranged. Once the procedure commences at the bank it will only take approximately one hour until completion, your account will then be activated during that same day.
USA Bank Account
£ 400.00
In order for us to open a bank account for the company or partnership we will need the following items: Copy of Drivers License. Social Security Number of all signers (US Citizens). Copy of Passport, with photo also please list address of record. Email address, website address. Certified Copy of the Certificate of Incorporation. Copy of By-laws (Operating Agreement or Partnership Agreement). Copy of company business card with name and title of principal signer. Detailed description of business type - nature of business. List location of primary trading area. Certificate of Good Standing.
BVI Bank Account
£ 400.00
In order for us to open a bank account for the company or partnership we will need the following items: Drivers License and Passport, with photo also please list address of record. Utility Bills issued within the last three months with the applicant’s current address. Business card with name and title of principal signer. Detailed description of business type - nature of business. List location of primary trading area. Signed local bank reference letter from Officer of your current bank - translated in English. Local professional reference letter from your Accountant - translated in English. Certified and Apostilled Copy of Certificate of Incorporation, Memorandum and Articles of Association, and Certificate of Good Standing. You never actually have to visit your offshore bank. You can simply bank from wherever in the world you live, via Internet, e-mail, post or telephone.
Belize Bank Account
£ 250.00
In order for us to open a bank account for the company or partnership we will need the following items: Drivers License and Passport, with photo also please list address of record. Utility Bills issued within the last three months with the applicant’s current address. Business card with name and title of principal signer. Detailed description of business type - nature of business. List location of primary trading area. Signed local bank reference letter from Officer of your current bank - translated in English. Local professional reference letter from your Accountant - translated in English. Certified and Apostilled Copy of Certificate of Incorporation, Memorandum and Articles of Association, and Certificate of Good Standing. You never actually have to visit your offshore bank. You can simply bank from wherever in the world you live, via Internet, e-mail, post or telephone.
Cyprus Bank Account
£ 600.00
In order for us to open a bank account for the company or partnership we will need the following items: Drivers License and Passport, with photo also please list address of record. Utility Bills issued within the last three months with the applicant’s current address. Business card with name and title of principal signer. Detailed description of business type - nature of business. List location of primary trading area. Signed local bank reference letter from Officer of your current bank - translated in English. Local professional reference letter from your Accountant - translated in English. Certified and Apostilled Copy of Certificate of Incorporation, Memorandum and Articles of Association, and Certificate of Good Standing. You never actually have to visit your offshore bank. You can simply bank from wherever in the world you live, via Internet, e-mail, post or telephone.
Gibraltar Bank Account
£ 400.00
In order for us to open a bank account for the company or partnership we will need the following items: Drivers License and Passport, with photo also please list address of record. Utility Bills issued within the last three months with the applicant’s current address. Business card with name and title of principal signer. Detailed description of business type - nature of business. List location of primary trading area. Signed local bank reference letter from Officer of your current bank - translated in English. Local professional reference letter from your Accountant - translated in English. Certified and Apostilled Copy of Certificate of Incorporation, Memorandum and Articles of Association, and Certificate of Good Standing. You never actually have to visit your offshore bank. You can simply bank from wherever in the world you live, via Internet, e-mail, post or telephone.
Hong Kong Bank Account
£ 400.00
In order for us to open a bank account for the company or partnership we will need the following items: Drivers License and Passport, with photo also please list address of record. Utility Bills issued within the last three months with the applicant’s current address. Business card with name and title of principal signer. Detailed description of business type - nature of business. List location of primary trading area. Signed local bank reference letter from Officer of your current bank - translated in English. Local professional reference letter from your Accountant - translated in English. Certified and Apostilled Copy of Certificate of Incorporation, Memorandum and Articles of Association, and Certificate of Good Standing. You never actually have to visit your offshore bank. You can simply bank from wherever in the world you live, via Internet, e-mail, post or telephone.
Nevis Bank Account
£ 400.00
In order for us to open a bank account for the company or partnership we will need the following items: Drivers License and Passport, with photo also please list address of record. Utility Bills issued within the last three months with the applicant’s current address. Business card with name and title of principal signer. Detailed description of business type - nature of business. List location of primary trading area. Signed local bank reference letter from Officer of your current bank - translated in English. Local professional reference letter from your Accountant - translated in English. Certified and Apostilled Copy of Certificate of Incorporation, Memorandum and Articles of Association, and Certificate of Good Standing. You never actually have to visit your offshore bank. You can simply bank from wherever in the world you live, via Internet, e-mail, post or telephone.
Panama Bank Account
£ 400.00
In order for us to open a bank account for the company or partnership we will need the following items: Drivers License and Passport, with photo also please list address of record. Utility Bills issued within the last three months with the applicant’s current address. Business card with name and title of principal signer. Detailed description of business type - nature of business. List location of primary trading area. Signed local bank reference letter from Officer of your current bank - translated in English. Local professional reference letter from your Accountant - translated in English. Certified and Apostilled Copy of Certificate of Incorporation, Memorandum and Articles of Association, and Certificate of Good Standing. You never actually have to visit your offshore bank. You can simply bank from wherever in the world you live, via Internet, e-mail, post or telephone.
Seychelles Bank Account
£ 400.00
In order for us to open a bank account for the company or partnership we will need the following items: Drivers License and Passport, with photo also please list address of record. Utility Bills issued within the last three months with the applicant’s current address. Business card with name and title of principal signer. Detailed description of business type - nature of business. List location of primary trading area. Signed local bank reference letter from Officer of your current bank - translated in English. Local professional reference letter from your Accountant - translated in English. Certified and Apostilled Copy of Certificate of Incorporation, Memorandum and Articles of Association, and Certificate of Good Standing. You never actually have to visit your offshore bank. You can simply bank from wherever in the world you live, via Internet, e-mail, post or telephone.
Lithuania Bank Account
£ 200.00
In order for us to open a bank account for the company or partnership we will need the following items: Drivers License and Passport, with photo also please list address of record. Detailed description of business type - nature of business. List location of primary trading area. Certified and Apostilled Copy of Certificate of Incorporation, Memorandum and Articles of Association, and Certificate of Good Standing. You never actually have to visit your offshore bank. You can simply bank from wherever in the world you live, via Internet, e-mail, post or telephone.
OPEN UK BANKING ACCOUNT: OPENING A BUSINESS ACCOUNT IN ENGLAND - ESTABLISH BUSINESS ACCOUNT IN LONDON, OPENING A SMALL BUSINESS BANK ACCOUNT.
Opening a Small Business Bank Account: Big 4: Royal Bank of Scotland, Barclays, Lloyds TSB, HSBC. The government has forced the top UK banks (above) to offer all small businesses interest accounts, at 2.5% below the bank base rate, or an account that offers free transaction charges.
Why do I Need a Bank Account? Everything you do in business revolves around money. This money needs to be identifiable at every stage of the transaction and of course the money also needs to be identifiable from your own personal finances. Opening a business bank account is the simplest way to achieve accountability and provide a good degree of transparency in your business dealings to enable government departments, creditors and auditors to accurately assess your business. A business account will also give you credibility as your bank has, to a degree, assessed and accepted your business proposal. How do I Open an Account? If you wish to open a business account Click Here to Complete Our Online Application Form
I Have a Bad Credit Record. What Can I do? Business bank accounts are not as difficult as personal accounts to open. There are numerous reasons for this but we only need to focus on one at this time: business accounts are profitable (for the banks of course). That is not to say that anyone can get a business account, but if you have a business plan and it is viable, with the bank not having to fund you or provide you with anything more than a business cheque book, acceptance should be a formality. Paying in an initial deposit can only help.
UK Corporate Banking. We are leading UK bank intermediaries, being registered with most UK banks for the introduction of corporate clients. Our service is comprehensive and whilst often linked to the formation of a Limited Company, we are able to arrange business accounts for any type of organisation including PLC's, Limited Liability Partnerships, Guarantee Companies, Charitable Companies, Unlimited Companies and Sole Traders.
GUARANTEED BUSINESS BANKING IN THE UNITED KINGDOM:
1. Issued by NatWest, Lloyds TSB, HSBC, Barclays etc. 2. Cheque Book issued immediately. 3. Standing Order & Direct Debit facility. 4. No minimum balance or deposit requirement. 5. Corporate VISA and MasterCard available (Subject to Status). 6. Internet Banking facility. 7. Available for Sole Trader, Partnership, LLP and Limited Companies. 8. Guaranteed Acceptance.
Key Features and Benefits of the Business Bank Account:
Freedom to manage your money on the internet or by telephone as well as at your branch, at no extra cost. Make and receive payments - via cash, cheques or electronically. Option to open accounts in a number of foreign currencies. Easy to keep track of your finances - by online internet, telephone banking and regular statements.
UK Banking - Open a UK Bank Account: A business account will also help give you credibility as the bank has to a degree assessed and accepted your business proposal.
One of the most important factors when selecting a bank is to find a bank you feel comfortable dealing with, as relationships are crucial. Seek advice and recommendations from professionals such as your lawyer or accountant.
Aim to develop a good working relationship with your bank manager. The relationship between you and your bank is like any other partnership. The better the match, the smoother it runs.
If you are setting up as a limited company, you need to have set up the limited company before your visit to the bank.
British banks, in common with their counterparts across the globe, have introduced new regulations about opening new bank accounts. Security procedures have been implemented which can lead to delays for overseas clients who try to open an account on arrival. It is almost impossible to open a UK bank account whilst you are overseas.
To open a bank account a student will need to show the following identification:
Passport. Driving License. Proof of your home address. Proof of UK address, usually in the form of a utility bill or Halls of Residence contract.
It is useful to get a reference from your existing bank in your country (in English) and/ or ask them to write to you at your UK address.
Each branch of each bank makes an independent decision on whether to accept new customers and there is no particular bank that has a better deal for international clients.
Accounts: Deposit Account or Basic Account: International students may find that some banks will offer them only one of these types of account. A deposit account, sometimes called a savings account of a 'basic bank account', may offer a cash card and will pay additional money to you ('interest') based on the balance in your account. When opening an account check the procedure for taking money out of the account. There may be restrictions.
Information about rates of interest is published regularly in the business section of newspapers. You may be able to prevent any tax being deducted from your interest - ask your bank or building society for form R105 which you can complete when you open your bank account.
Current Account: A current account may offer a cheque book, cheque guarantee card, cash card, debit card, overdraft facility, and direct debit and standing order facilities. Some accounts pay interest, although this is usually at a lower rate than a deposit account. You should ask the bank which services would be available. Some banks will not allow international students to open a current account and you may only be allowed to open a 'basic bank account'. It may be possible to change your account to a current account after a period of time.
Transferring Money to the UK: The easiest way to send money is by electronic transfer of funds from a bank in your home country into your UK account. To do this the bank in your home country will need:
Your UK bank's name and full address. Your name as given on your UK bank account. Your UK bank account number. Your UK bank's sort code.
Money can also be transferred using a banker's draft. This is a document drawn up by the bank in your home country and sent to you by post. You present the banker's draft to your bank in the UK.
Our Service
We provide a fast online service for company registration, LTD company formation, and business incorporation in England, Wales and Scotland. When first setting-up a business there are many issues to consider. You need to decide whether or not to incorporate your business, and to choose a structure for your business. There are several types of legal business entities which you can choose to operate as. For more information on these choices, follow the links below. We advise that professional legal and financial advice is obtained before a final choice of business entity is made.
Coddan is a leading service provider in the field of English, Scottish and Irish company formation and company registration. We can help you in starting a business in England & Wales Scotland and Northern Ireland. Over 95% of our companies are incorporated within 6 hours. The electronic submission of information enables a fast company start-up satisfying all of the required legal formalities: a director, a secretary, a registered office and shareholders. Our electronic filing software has been approved by Companies House.
Setting Up Your Bank Accounts
Opening a Bank Account in the UK
£ 250.00
In order for us to open a bank account for the company or partnership we will need the following items:
+44 (0) 141.530.8188 
+44 (0) 289.099.8744 
Freedom to manage your money on the internet or by telephone as well as at your branch, at no extra cost. 
A business account will also help give you credibility as the bank has to a degree assessed and accepted your business proposal. 
