Guidance On Incorporating In The UK/EU For High Risk Business

[Heretolearn]

Hello,

I am based in Australia and have a business that will be operating within the UK and am looking to incorporate in the UK or any EU territory that would be best.

Any recommendations for companies to use? I would need all relevant documents to be able to utilise credit card processing with UK/EU companies such as business address, director address and all other needed documents.

Here are the companies I am considering below. I would be open to incorporating wherever would be best. I operate in a high risk industry (SARMs) and have a few EU/UK processing companies I can work with but they all need UK or EU incorporation.

P.S Have heard conflicting reviews on turner little.

UK Company Formation & Registration | Your Company Formation

https://www.turnerlittle.com/

 

[Sols]

None of the companies you mention can provide a full end-to-end solution including unique, dedicated directors. If you go with someone you find through public channels, chances are they will at most provide you with the passport and proof of address of a director who has already appeared on dozens or hundreds of merchant accounts. That makes opening new merchant accounts difficult, especially if any of the previous merchant accounts have been terminated due to chargebacks or miscoding. You'll only be able to get aggregate merchant account solutions, which cost more to process but it's what most people do, and it usually works fine.

But if you want your own bespoke solution, the first thing you need to do is source individuals and documents to provide as nominees to PSPs, banks/EMIs for account opening, and when forming companies.

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This is the probably the answer to your question.

 

[Heretolearn]

Th

Sols said:
None of the companies you mention can provide a full end-to-end solution including unique, dedicated directors. If you go with someone you find through public channels, chances are they will at most provide you with the passport and proof of address of a director who has already appeared on dozens or hundreds of merchant accounts. That makes opening new merchant accounts difficult, especially if any of the previous merchant accounts have been terminated due to chargebacks or miscoding. You'll only be able to get aggregate merchant account solutions, which cost more to process but it's what most people do, and it usually works fine.

But if you want your own bespoke solution, the first thing you need to do is source individuals and documents to provide as nominees to PSPs, banks/EMIs for account opening, and when forming companies.
Click to expand...

Thank you, any recommendations on the aggregate merchant account solutions for high risk?

 

[Sols]

Heretolearn said:
Thank you, any recommendations on the aggregate merchant account solutions for high risk?
Click to expand...

It's a networking maze getting to the right people, but you can try High Risk Merchant Account Instant Approval | IBAN | EU InCorp and Paytriot Payments for starters.

Toggle signature
This is the probably the answer to your question.

 

[Heretolearn]

Sols said:
It's a networking maze getting to the right people, but you can try High Risk Merchant Account Instant Approval | IBAN | EU InCorp and Paytriot Payments for starters.
Click to expand...

Perfect thank you.