New British fintech start-up GoSolo launches business account
New UK fintech GoSolo, which aims to streamline the process of applying for a UK business account as a non-resident, has launched.
GoSolo, which claims to be “built by entrepreneurs for entrepreneurs”, has developed an app designed to help freelancers, founders and consultants around the world set up a UK limited company and a UK business account without a home address in the UK.
“Our background in finance, technology, and entrepreneurship helps us understand the challenges, demands, and opportunities small business owners face every day,” says the fintech.
GoSolo cites the many benefits of setting up a business in the UK, including a developed investment ecosystem, significant tax incentives for tech companies, a transparent legal system and connection to global markets.
The new GoSolo Global Account costs £250 per year and allows customers to set up a new company registered and authorized by UK Companies House.
The account also includes a virtual business address in the UK, a business current account in GBP, a Mastercard debit card, savings pots, expense analysis tools, secure payments via the Faster Payments Network and billing automation tools.
The fintech claims that through the company’s use of automation, GoSolo is able to offer its global account ten times cheaper than what one would expect from a legal advisor offering the same service .
The company was founded by Dima Pimakhov and is now open to applications from citizens of over 90 countries.