UK Ltd + Stripe + Revolut Business Acccount for Non Residents

[Vladtepes]

Hello,

Can I open a business account with Revolut for a UK Ltd if the‌ director is non-resident and lives in Venezuela?
or does Revolut not accept company accounts of‍ directors resident in Venezuela?

Personal accounts from Venezuela are not accepted by Revolut but I'm⁠ not sure what happens with an UK ltd if the director will reside in Venezuela.⁤

Will Stripe accept this setup (UK ltd+venezuela director) or I will have the same problem?⁣

Is it possible to keep UK accounts with Xero or Quickbooks or is it better⁢ to hire an accountant?

Thank you

 

[CaptK]

The director must be resident in the EU.

 

[Vladtepes]

ok thanks, that is what I was worried about.

 

[EuroKiss]

No EMI in the︀ world works with Venezuelan residency. Actually, nationality/citizenship is not as important as residency, you could︁ open it as Venezuelan, but residency must be in approved country - not just EU!︂

 

[uplana]

Most of them will require that the majority is EU resident otherwise your account application‌ will be rejected.

 

[EuroKiss]

Most but not all of them, the‍ issue for Vladtepes is Venezuelan residency, which is off-limits for ALL EMI (actually it is⁠ in the same list of Cuba, North Korea and Iran).

 

[hapiswood]

does revolut and stripe accept non EU residents/citizens in developing countries but not sanctioned like‌ venezuela as directors?

 

[EuroKiss]

Usually yes, but just ask them to‍ be sure, they are pretty much fast answering questions.

 

[boomy]

yes but it does not change the applicable laws.‍

 

[EuroKiss]

But US can change the sanctioned countries…