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paypal is country specific so you can only have a uk address on a UK paypal account with UK financial info attached to it.
ok, the company (non profit european organisation) is located in UK, the bank-account (I'm the verified account-holder) is located in UK but I have to manage this online from Germany. Is that possible? Contact adress could be the UK company's adress but I'm not living there.
you would need a uk address but whether you can run it from germany i don't know.
your best bet is to contact customer services who can give you more accurate info than me as my knowledge is limited.