Q&A - TFC Services

Q&A - TFC Services


Question: Do we offer nominee director service?  This is a service whereby a named person acts as a company director providing the requestor with complete anonymity. Answer: No, we do not offer this kind of service and have no intentions at present to introduce this

Question: What do we ask customers to provide who wish to have a corporate shareholder? Answer: We are required to run an AML check on the majority shareholders of the company that the customers wish to set up as a corporate shareholder. We typically request to provide a POID and POA for anyone holding a 25% share or more.

Question: How do we provide an assisted formations? Answer: You will have to masquerade into the customer's account and select the relevant package that the customer wants to go with, then at checkout you paste the following link that will add the price for an assisted formation to the basked:

Question: If Barclays is asking for the customer to provide evidence of a trading address for customers that are using RA, what address are they referring to? Answer:  This refers to their trading address and not their registered office address (which is our address since they are using RA). RA does not provide them with a trading address and must not be used as the Principal Place of Business address for VAT registration purposes. Hence, they will need to provide a POA for their trading address which is most likely their home address.
Question: Does Barclays currently offer Business Bank Account openings? Answer: Yes, Barclays will be opening branches to accept F2F appointments for multiple director/shareholder companies, also companies without any current affiliation to Barclays like a personal bank account or Barclaycard. This will happen staring from the 14th June 2021. Until then, if the customer already has a personal account they may be able to get round this as they would have already been through the identification process . Please ensure we continue to offer CashPlus to anyone querying about Barclays as an alternative. 



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