Opening a European bank account for your company in the UK can fill up some essential tax transparency. It is also a way in which the non-residents can open a bank account outside the UK while gaining all nominal benefits of having an EU bank account.
Besides, having the company and bank in two different jurisdictions can be beneficial for various reasons, and one can get benefits from both the jurisdictions simultaneously for their offshore business.
Opening a European bank account:
1. Corporate documents which include company incorporation certificates and past banking history(if any),
2. Valid ID & Address Proofs of the Company Directors & Beneficial owners.
There are no initial fees or deposits, but after the account is opened there can be a maintenance fee based on the banking partner that accepts your application. The fee ranges from 0-50 Euros.
Most of our Bank partners in Europe offer Euros only as of the primary currency, but they support multiple currencies as well.
You will be receiving an international debit card from the bank directly, the debit card charges are minimal and depend on the bank partner that accepts your profile.