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Virtual
Why is Virtual Bank Account?
Earning an income through selling products on Amazon or any other platform or participating as an Amazon affiliate has become a popular online venture. To effectively manage your Amazon deposits and disbursements, it is essential to find the right Amazon Payment Service Providers and banks that cater specifically to Amazon sellers, including those involved in Amazon FBA.
Best Virtual Bank Account
Payoneer
Wise
Hyper Wallet
After Company Is Formed,
Steps To Open A UK Bank Account As A Non-Resident
As a non-resident director, or UBO, you can open a UK bank account for your e-commerce business. If you can provide the necessary information and documents as discussed previously. Here are the basic steps:
research and compare different UK-based banks or payment providers in order to determine which one is best for you. If you don’t have time for research, contact us and we will provide you with a list or a free consultation.
Most UK banks will require your passport or ID, proof of address (PoA), description of your business activity, company incorporation documents and registration details, and proof of address of your company (we can help there too).
once the application is submitted, the compliance department will review it, make the necessary public checks, and determine if your business is eligible for bank account opening. As I said, you might also need to provide additional information after the initial review.
once the account has been approved, you will need to deposit money into it. This can be done by international wire transfer or by already receiving revenue from e-commerce activities generated on eBay, Amazon, or Etsy.
It’s important to note that the requirements for opening a UK bank account for non-resident eBay, Amazon, and Etsy sellers vary by bank, as each has its own client acceptance policy.
What Should Non-Residents Look For When Choosing a UK Bank Account?
As a non-resident, choosing a UK bank account can be challenging.
However, we have compiled a few key points to look at before choosing the right one for you:
In general, banks and payment providers have restrictions (jurisdictions, business, risk, etc.) on who can and cannot open an account. Make sure you understand their eligibility criteria and fulfil them. Alternatively, you may contact us for a free consultation and introduction to top-tier banking platforms in the UK.
It is important to understand the fee structure, as it can help you save a ton of money. Make sure you understand if there are any monthly fees, account opening fees, maintenance fees, or others. In addition, as a non-resident business owner, you will probably be remitting money back to your home country. This means you will need international wire transfers that might be costly. Contact us to make sure you get the best conditions for international money transfers.
If you will be making regular transactions in a different currency than your revenues, consider a bank that offers competitive exchange rates. Moreover, the exchange rate softens depending on several factors, such as currency, annual volume of exchange, and liquidity. Contact us to get an introduction to the best currency platforms in the UK.
Our goal is your success. We’ll work diligently to secure your UK trademark, giving you peace of mind and safeguarding your brand identity in the UK market.
Consider checking the reputation and reviews of the bank or payment provider that you are going to use for your UK business.
Why Choose US?
Facilitate your financial operations effortlessly – Secure a UK virtual bank account with RGB LOGIX. Our expert team streamlines the process, providing you with a convenient and efficient solution for your banking needs. Trust RGB LOGIX to simplify your financial transactions – your gateway to a seamless banking experience
Your Security And Privacy Protection Is At The Heart Of Everything We Do
Ready To Get Your Virtual Bank Account?
Frequently Asked Questions
We gather here all the questions you needed
Wise is a digital money-transfer service that we have partnered with to help you transfer money internationally without fees. Instead of conducting one international transfer, they conduct two local transfers, so that your money will not actually travel internationally and you can avoid paying unnecessary fees.
You can see an estimate of how long your transfer will take by using the Wise transfer calculator. The exact time period depends on the countries you are sending money to/from, your payment method, what time you make your transfer, and security verification.
Your company account must be registered in the name of an authorized representative such as a board member or finance representative. You may need to provide proof of identification or security reasons.
- USD
- EUR
- GBP
- Other Currencies
RGB LOGIX
RGB LOGIX is working under the company of ARIVOT LLC. We are an e-commerce business dedicated to bringing quality and convenient products and services right to your doorstep!
ARIVOT LLC hopes to be the place you always use when you shop online.
Providing e-simple way to shop any product or services.
Office Locations
Balcones Dr. STE 17888, Austin, TX 78731, USA
Victoria Road, London, W8 5RF, United Kingdom
Shop No. 8 England Cluster International City Dubai, UAE
Office # 1, 7th Mezzanine Floor, 16 Chohan Tower Shadman II Jail Road, Lahore, 54000, Pakistan