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I live overseas. Can I open for a UK bank account?

I live overseas. Can I open for a UK bank account?

Yes. To set up a business bank account and trade in the UK you a a number of options:

Open a new bank account in the UK
Use the bank account you already have in your country
Open a Sterling (GBP bank account in your country

If you charge or pay value-added tax (VAT) you will need a UK bank account. HM Revenue & Customs will only repay VAT owed to your business directly via a UK bank account.

Updated on: 29/03/2020

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