UK Company Formation...

Everything you need to know about setting up in the UK.

UK Company Formation Wizard

Use our helpful tool to see what's required to set up your company in the UK.

Setting Up in The UK

A practical guide to what’s involved, and what you can expect to happen during this process.

FAQs

Get answers to commonly asked questions about company formation, accounting and taxes.

Our Services...

From accounting to personalised telephone answering – everything your company needs to thrive in the UK.

UK Company Formation

Company formation, memorandum and articles registration and appointing Directors and Shareholders.

Legal Compliance

Covering various business operations such as company secretary, registered office, handling post and more.

Outsourced Finance Office

Complete administrative support for your UK company designed especially for foreign businesses.

Bank Account Opening

Operate from day one with a virtual Bank account that can be opened immediately.

Virtual Office Service

UK business address, personalised phone answering service, mail handling, access to the meeting room.

Advisory Services

Advice on formation, directorship and other relevant rules and regulations related to setting up in the UK.

Brokerage Services

A single entry point to services frequently required in the early stages of company development.

About EBS...

Find out more about EBS, how we operate and what we stand for – or simply get in touch with us.

Who we are and how we work

We work exclusively with foreign-owned businesses in the UK and understand the problems they face.

Our Team

Behind every successful business is a great team - meet the team that makes up EBS.

Contact Details

Our address and contact details. If you need to get in touch with us, you can email us here.

Who we work with...

Explore our case studies and see how we work with foreign companies, helping them set up in the UK.

What's happening in the Industry

We’ve created and curated some helpful news articles relating to EBS and the industry in general.

Join our mailing list

Sign up to our mailing list to get news and updates straight to your inbox.

Helpful Guides and Documents

We’ve created some helpful guides and documents covering topics such as Britain’s History and Geography, The Legal System, Formalities and more. 

Join our mailing list

Sign up to our mailing list to get guidance articles straight to your inbox.

Get in touch with us...

We’d love to hear from you! – if you have any questions, please get in touch with us on phone, email or social media, and our friendly team will be pleased to help.

Head Office

EBS Ltd, Innovation Centre, Gallows Hill, Warwick, CV34 6UW

London Office

EBS Ltd, 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ

Bank Account Opening

Opening a bank account in the UK

How EBS can assist foreign owned businesses in the UK

Opening a UK Bank Account for an internationally owned company is difficult, slow, and in some cases impossible.

At EBS, we have a simple solution to enable your company to operate from day one. An EBS Client Account can be opened immediately, removing obstacles to your success.

So, what are the issues?

Significant increases in Anti Money Laundering regulations have made banks extremely cautious. The cost of compliance has risen significantly, making many accounts uneconomic to operate. This cost only increases when dealing with internationally owned companies which do not fit the standard UK procedures.

Compliance teams are separated from the account opening teams. You may spend weeks completing application forms and ID verification checks before your application is passed to the compliance team, only for them to reject you with no explanation and no opportunity to re-apply.

At EBS, we work exclusively with internationally owned businesses, have seen these issues many times, and understand how to smooth transition into the UK.

So, what can you do?

Following the guidance below will help you give the bank clear, comprehensive information showing them how to say “yes”.

Owner and Director Identification
Make sure that you can provide certified/notarised identification documents for every director, beneficial owner, and signatory. Satisfying the banks’ requirements for formal identification is key to success.

A simple ownership structure will help enormously. A complex structure with multiple international layers will take longer. The more people needing to provide ID, the greater the opportunity for delay or mistake.

History
Key to minimising risk is showing clear evidence of business activity in the UK. A bank will often expect you to have employees and customers in the UK before you can open an account. This may seem impossible at first, but the EBS Client Account enables you to do this.

Business Plan
The bank will often ask for a Business Plan. Explain clearly where your income comes from and where money will be going. The bank will be looking for any Money Laundering risks inherent in your business, so minimise these where it is practical to do so.

Public Information about you
Do a web search on your own company. The bank will, so you should know what they will find.

The EBS Client Account Solution

As a client of EBS we will already have completed all the identification and Anti Money Laundering checks required, so we are ready to open an EBS Client Account immediately. This is an account that is in the name of EBS and each client individually, but operated by us on behalf of your business.

The bank relies on EBS’s compliance procedures and transfers the Money Laundering compliance risk of operating the account to us – therefore, we can only provide the EBS Client Account solution where we have complete visibility over the company and provide all accounting, Registered Office and legal compliance services.

The EBS Client Account solution enables you to start trading straight away, growing your business and building a clear history in the UK. When you are ready, our experience and contact network combined with this trading history will make opening your own bank account much simpler.

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Warwick Office

EBS Ltd, Innovation Centre, Gallows Hill, Warwick, CV34 6UW

London Office

EBS Ltd, 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ

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