The primary reason 90% of international founders register a UK company is to access Wise Business and Stripe. The good news is that both are very friendly to UK companies, even those owned by non-residents. Here is how to ensure your approval.
1. Wise Business Requirements
Wise is the gold standard for multi-currency banking. To get approved, you will need:
- Certificate of Incorporation: Your official UK company document.
- Proof of ID: A biometric passport is highly recommended.
- Business Description: A clear explanation of what you sell and who your customers are.
- Verification Fee: A small one-time setup fee (usually around £45).
2. Stripe UK Requirements
Stripe UK allows you to accept payments globally with lower fees than many other regions. Approval tips:
- Professional Website: Your site must be live and include a Refund Policy, Terms of Service, and your UK company address.
- Bank Account: You must have your Wise or Airwallex account ready *before* you apply to Stripe.
- Director Details: Use your real home address for the director's residential section; Stripe is used to international founders.
3. Common Pitfalls to Avoid
- VPN Usage: Do not use a VPN when applying. Stripe and Wise track your IP address; if you are a resident of India, apply from an Indian IP. Trying to "hide" your location triggers fraud alerts.
- Vague Websites: If your website doesn't clearly show what you are selling, you will be rejected.
Get approved the first time.
Kiree has a 98% success rate in helping founders get their Wise and Stripe accounts active. We review your website and documents before you apply.