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GoSolo, Access UK
Grants and Funding

Supercharge success. Opening a UK Limited company unlocks access to hundreds of business grants and financial incentives.
Open a GoSolo Global Account

UK Limited Company

Take the next step in your business success. Setting up a UK Limited Company is a great next step for your business growth. Easy business management, receiving payments and adding legitimacy to your business. We provide you with a UK business address so you can run the company from anywhere.

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Access Grants, Funding
and Incentives

The UK is an attractive place to set up your business with a wide range of tax incentives to invest and work in the UK. Setting up a UK company unlocks financial entrepreneurs networks and start-up funds to help you grow.

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Affordable Set Up

A Limited Company and business account for a fraction the cost of other offers. Set up a UK Limited Company and your business account with Mastercard debit card to use globally for only £250 a year. No hidden costs.

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No UK Address Required

GoSolo provides you with a UK virtual address so you can run your business from wherever you are, GoSolo takes care of everything else.

Why the UK?
The UK is one of the best places globally to launch your tech startup. Here are some benefits and advantages that matter:
Market
Market
UK is the 5th largest economy in the world with 67m population – "Gateway to the Rest of the World"
Taxes
Taxes
UK taxes are one of the lowest in Europe. R&D tax incentives allow to claim back most of the research and development costs
Legal System
Legal System
UK has one of the most transparent, trusted and robust legal systems in the world
Investment
Investment
UK is the top place to raise funding. UK companies raised $39.8bn of VC Investment (2021); more than Germany & France combined
Growth
Growth
UK has highest number of IPOs & more unicorns than anywhere in Europe. UK is in the Top-10 list of countries globally for ease of doing business
Partner Offers
We have teamed up with a number of companies to help get your business started the right way. From support securing funding and legal processes; to e-commerce access and grammar reviews, we've got you covered. With a set of offers and discounts worth over £20k, get started now!
£15,000 fee-free processing credit + priority support
20% off your annual subscription
20% off business insurance
Find funding for your growing business fast
The cost of starting your UK business journey
UK Business Account
Business Account with Sort Code
MasterCard Debit Card
Payments in and out in GBP
Time to open
Payments in and out in EUR
Direct Debits in GBP
Model Articles of Association
Model Shareholders Agreement
Time to open
UK Virtual Business Address
Business Trading Address
Registered Company Address
Use your personal address outside of the UK
Partner Perks and Offers included
Stripe, Grammarly, SeedLegals, Swoop, Superscript, Xero
Price
First Year Costs (all inclusive)
Second Year Costs (recurring per year)
GoSolo Global Account
Get started
Free
Free
Free
Free
15 min.
Coming soon
Coming soon
Free
Free
Free
Free
Online
Free
Free
Free
Not Required
Included
All
£ 250.00
£ 250.00
Get started
VS
Solicitor or Law Firm
Extra Cost
Extra Cost
Extra Cost
Extra Cost
Over 2 weeks
Extra Cost
Extra Cost
Extra Cost
Extra Cost
Extra Cost
Extra Cost
5-10 days
Extra Cost
Extra Cost
Extra Cost
Included in Package
Included in Package
Not included
£ 2000-3000
£ 1000-2000

FAQ for international clients

How much does it cost to open business account? What fees do you charge?

For current and most up-to-date details about the costs, please refer to our pricing page.

Can I open a UK business account from overseas?

Yes, you can. GoSolo is available to founders and entrepreneurs from around the world. 

GoSolo provides the UK company formation for non-residents with a business account. 

We are currently accepting users from 90 countries around the world, including:

  • The United Kingdom
  • The European Union
  • India
  • Israel
  • Hong Kong
  • Australia and New Zeland
  • Singapore and Malasya
  • The United States
  • Ukraine 

Can I pay internationally or accept payments from abroad?

We are working hard to bring you international payments and currency exchange as soon as possible directly from the GoSolo app, but these features are not available yet.

In the meantime, you can use alternative services such as Payoneer or Paysend or Wise to send payments abroad.

What do I need to open a GoSolo business account?

Before opening a business account with GoSolo, please check that you match the following criteria:

  • You have a Limited company registered on Companies House
  • Your Company is Active
  • You are a single Director and also a single Owner of the company
  • There are no other Owners or Directors
  • You are resident in one of the 90 countries supported by GoSolo and can prove this by providing several of the following documents posted to you recently: utility bill, council bill, bank statement or tax return
  • You have a valid ID document which we can compare against your selfie video

Can you guarantee that you will get me a UK business account?

GoSolo has its own policy and ultimately makes the final decision, so we cannot guarantee that your application will be successful. However, should your application be rejected, we will happily refund the setup fee.

Can I open a business account if I don’t have a passport or a driving license?

In order to open a business account, banks are required to verify identity/ies of director(s) of a company. This is done in order to make sure that you are who you say you are. Similarly, GoSolo requires directors of a company to complete ID verification checks. As we are  100% digital, we ask you to complete ID verification online. We currently only accept passport, driving license and identity card as valid ID documents. If you do not have any of these documents, we suggest applying for a business account in one of the UK high-street banks who can accept other ID documents (such as Barclays, Lloyds Bank, HSBC etc.).

What are my options as a Non-UK resident to open a business account?

No legal restrictions prohibit non-UK residents from opening a business account in the UK. But many banks may not accept applications without proof of address within the UK. Traditional financial institutions will also require a face-to-face meeting before providing the business account, in which you will sign a bank mandate to avoid fraud concerns.

An alternative option is to open a virtual business account but you will need to order company registration service from a special provider. So it could take some time and additional expenses.

With GoSolo you can register an LTD company in the UK, open a business account and get a debit card all in one place spending 15 mins on onboarding. And you don’t need proof of address within the UK.

Can I set up a business account online?

With GoSolo you can open a business account online as well as register an LTD company. Actually, you get everything you need to start your business and even more. We have web, iOS and Android mobile apps to manage your business account. As an additional free service we provide multi-company access, you can send invoices and get paid directly in the GoSolo app, EFT payments, GoSolo partner offers and other useful services.

Can I pay myself?

GoSolo only opens business accounts, not personal ones. Please bear this in mind, this is not a personal account. 

We recommend that you consult with your accountant on ways how you as an owner or director can get paid from a GoSolo business account. 

What follows may not, under any circumstances, be treated as official advice from us, we do not accept any liabilities.

As a general rule, there are several ways a company can pay its individual owner:

  1. Pay a salary.
  2. Pay a dividend
  3. Lend a loan

Each option requires careful consideration from the tax and legal points of view, especially if the individual is not a UK resident. There is no general rule that can cover all possible scenarios.

Can a non-resident have a business account in the UK?

You do not have to live in the UK to register as a Limited Company and open a business account. There are no legal restrictions that stop non-UK residents from opening a UK business bank account.

Can I connect PayPal / Amazon / Stripe account?

You can connect any service or platform that uses a GBP account & sort code or payment card, but NOT DIRECT DEBITS.

You can connect GoSolo account to PayPal and Amazon

At the moment, you can NOT connect a GoSolo account to Stripe.

How quick can I set up a business account?

To open a business account in GoSolo you need 10-15 minutes to pass onboarding and if all is OK you will get a business account the same or the next day. Once your business bank account is open, your card will be dispatched to your selected address. It may take up to 10 working days to arrive.

Can you help with accounting?

We have partnered with more than 50 accountancy firms. Please contact us via our chat or support and we may be able to recommend you one of them.

Is it easy to open a business account in the UK?

In GoSolo we made the business account opening process as simple as filling a regular form on the web, or even simpler. 

If you live in the United Kingdom you need a valid government-issued photo-ID document (Passport, Driving License, BRP), and proof of your UK address (council tax, utility bill, bank statement).

If you live outside of the United Kingdom you need two valid government-issued photo-ID documents (Passport, Driving License, or similar), and proof of your local address (we prefer a personal bank statement), Issued in ENGLISH, with your name matching the name on the ID and the document issued in the last 3 months.

What to do if I don’t receive a text message with a one-time code on my phone?

If you do not receive a text message with a one-time code to your phone, please check:

  • Have you entered your phone number correctly?
  • Is your phone online and able to receive SMS messages?
  • Have you tried to re-send a one-time code by clicking “Re-send code” on the App?
  • Have you allowed at least 60 seconds to pass?

If you’ve checked all of these already and still cannot receive a one-time code, do not hesitate to contact GoSolo customer support via WhatsApp or email.

What countries does GoSolo support?

GoSolo offers business accounts only for UK-based and UK-registered companies. We can also register a new company in the UK for you.

If you live outside of the UK in one of the following countries, we can open a new company and/or open a business account in the UK for you:

Aland Islands, Andorra, Argentina, Armenia, Australia, Austria, Belgium, Bhutan, Bulgaria, Canada, Chile, China, Christmas Island, Cocos (Keeling) Islands, Colombia, Ivory Coast, Croatia, Cyprus, Czech Republic, Denmark, El Salvador, Estonia, Falkland Islands, Faroe Islands, Finland, France, French Guiana, Georgia, Germany, Greece, Greenland, Guadeloupe, Vatican City, Hong Kong, Hungary, Iceland, India, Indonesia, Ireland, Israel, Italy, Japan, South Korea, Kuwait, Latvia, Liechtenstein, Lithuania, Luxembourg, Macedonia, Malaysia, Malta, Martinique, Mayotte, Micronesia, Moldova, Monaco, Netherlands, New Caledonia, New Zealand, Norfolk Island, Northern Mariana Islands, Norway, Oman, Peru, Poland, Portugal, Puerto Rico, Qatar, Reunion, Romania, Rwanda, Saint Barthelemy, Saudi Arabia, Serbia, Singapore, Slovakia, Slovenia, Solomon Islands, South Africa, Spain, Eswatini, Sweden, Switzerland, Taiwan, East Timor, Tokelau, Ukraine, United Arab Emirates, United Kingdom, United States, Vietnam, Wallis and Futuna.

If the country where you currently reside is not on the list, please leave your details here and we will contact you once our service becomes available for your country.