Europe bank account for UK company

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surimak

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May 22, 2013
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can anyone advise where to open european bank account for uk company dealing in IT? company is used to protect/cover real suppliers for our customers while european bank account (ideally within EU) is needed to protect customers from "avoidable" questions from theirs tax authorities
 
Can you please elaborate on this? What exactly do you mean?⁠
 
we have certain suppliers but we dont want them to have direct contact (or‍ send invoice directly) with our customer

lets say that tax authorities in certain EU countries⁠ are ok with invoices from UK but if that invoice is paid to bank account⁤ outside EU then they would pay more attention than is necessary or welcome :angel:
 
So the purpose of the‍ UK company is to hide the supplier's name from the customer?

Why not a UK bank account?⁢ You might need to travel there, but if you can convince the banks to accept︀ you (and they do sometimes accept non-resident UK companies) that's going to be the best-looking︁ structure. I have opened accounts for non-resident companies with several UK banks. Speak to Lloyds,︂ Barclays, and RBS. HSBC is a pain to deal with, but sometimes they will comply.︃

If none of the UK banks accept you, you likely have a business plan and︄ structure that won't go over well in other non-tax havens, like Germany, Netherlands, or Ireland︅ (technically a tax haven, but not in this case). However, you can try banks there;︆ Commerzbank, Deutsche Bank, ABN Amro, ING, AIB, and so on.

If those don't work but︇ your business plan is legitimate and structure is fine, consider speaking to banks in the︈ UK channel islands and Isle of Man, Gibraltar, or even Malta. I know several UK︉ companies that bank with BOV in Malta.

Since you are worried about how your company︊ will be perceived by tax authorities, you may want to avoid banking in places like︋ Switzerland, Latvia, Cyprus, and so on. Those jurisdictions are often perceived to be used for︌ hiding money. Whether this perception is right or wrong is a whole nother debate.
 
if we go to︉ basics, then yes, hiding suppliers is the main purpose

thanks for a lot of useful︊ information, im still unconvinced in light of recent bank data sharing in-between countries..will give it︋ serious though anyway

what do you think about Austria as last EU based country refusing︌ to share bank data?
 
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