Banking needs for my UK company...

[Forester]

I understand. It is not much but it can help.
It was perhaps a mistake. Take⁤ into account that the amount of burden with KYC and other issues related to the⁣ onboarding and further account maintenance is practically the same for 10k and 80k turnovers but⁢ the profit from fx conversions and (sometimes, if no flat rate) even from payments is︀ not the same.
Of course,︂ it is up to your sole discretion – but see below.
Nice 🙂. (So, why you do not try to open an account for your︇ UK Ltd in Turkey, if you are in a good standing with some banks there?︈ Because of taxing, I presume?)
Totally incorrect. (You can search here at forums for a︊ plenty of /true/ stories. OK, they are not second to evil but definitely not the︋ most reliable.)
Unfortunately, exactly.
Because not all the EMIs behave︍ in this way. (BTW, it is the same with banks; they also differ a lot.)︎
Well, sorry – but you will not avoid it anywhere. It is the‌ current reality.It can be better for small sums but it is not the core.
But you can give‍ it a try (HSBC). (I personally do not think that they offer an excellent service⁠ but let's put it aside.)

Yes, he can – but the question is whether⁣ he wants 🙂

 

[Joyceww]

Only 2.5% profit of $200k 🙂

And I love my country. Thank‍ you.

 

[JimBeam]

If profit is 2.5% on 200k that's only $5k profit.
That's super small profit margin.‌

In that case paying taxes + finding the way to make the profit 0.5% or‍ less is the best way.

 

[Trudy Trees]

Try Blackthorn Finance︅ | The home of global financial services they are awesome!

 

[avalanche]

Thank you for the suggestion! What experience do you have with‍ them?

 

[Joyceww]

I've searched the internet and they don't seem safe at all.‍ What is your experience with them?

 

[avalanche]

What did you find?

 

[chinthaphanti]

Did you try Cashplus Biz Account
its Good EMI Bank

 

[avalanche]

Don't they require the customer to be UK resident?

 

[chinthaphanti]

It’s Emi
U need one address in uk
They will send card
But daily you‌ can do transactions up to £49k

 

[Trudy Trees]

had some hiccups with the fees being back‍ charged but otherwise very good. reliable. wires to the US are same day

 

[Joyceww]

Hello,
What is‍ your average volume with them?

 

[Cryptohodler]

What's the difference between the two ?
The first one is a Gibraltar based︁ bank. Actually lot of links on its website open
www.moneycorp.com. so probably it's a︂ branch office. Both sites offer multi currency account and usd too. Don't know which is︃ more reliable for a UK Ltd company run by a non resident. Anybody has used︄ these before?

 

[chinthaphanti]

Better to use︅ uk high street bank bcoz every month volume

 

[Forester]

At the time of writing this (I have not re-checked now), Moneycorp Bank was a⁤ (small) bank at Gibraltar, Moneycorp was a (large and reputable) currency exchange & international payments⁣ provider – i.e., e.g. no payments to your account from 3rd parties; you was able⁢ just to exchange and send money. I am not familiar with the background but guessing︀ that there was some connection between the two.
Both are reliable but IMO only the former is fully usable as a transactional account.
Not personally. I did not hear︂ anything bad.

Wrt the issue you are commenting, you are right – but UK︄ high street banks are reluctant to onboard LLCs with non-resident directors.