Opening a business account in a country in which I am not resident, will this be an issue?

julmod
Contributor
Contributor

I am currently a UK resident however I will soon have a company registered in Belize with a Belize or possibly Antiguan bank account. Does anyone know if this will be a problem for PayPal or if I will be able to open this account? The account will be used to sell travel packages to customers all over the world and we will want to accept payments over the phone as well. I've read contradictory information about PayPal's policies regarding this type of issue and would like to put my mind at ease before investing a significant amount of money into said company. Many thanks for any help offerred. 

Login to Me Too
4 REPLIES 4

kernowlass
Esteemed Advisor
Esteemed Advisor

@julmod

 

Paypal is country specific so if you move country you have to open another paypal account in that country and add an address / phone number / and bank accounts from within that country.

The only exception is U.S users can add their bank accounts to other countries paypal accounts.


Advice is voluntary.
Kudos / Solution appreciated.
Login to Me Too

julmod
Contributor
Contributor

I understand I have to open a new PayPal account, and that's perfectly fine, but what I'm wondering is if it will be a problem that the account will be for a Belize company with a Belize bank account even though I am a resident of the UK. 

 

I was also wondering if it would be a problem for the bank account to be from a different country; for example if the company is in Belize but the bank account is in Antigua. 

Login to Me Too

kurbads
Contributor
Contributor

Just open an idividual PayPal account in Belize and in Antigua and on North Pole and showel your money around without any concern.

Login to Me Too

kernowlass
Esteemed Advisor
Esteemed Advisor

@julmod

 

I suggest you re-read my post above as from your replies you did not read it properly.


Advice is voluntary.
Kudos / Solution appreciated.
Login to Me Too

Haven't Found your Answer?

It happens. Hit the "Login to Ask the community" button to create a question for the PayPal community.