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Swift, multijurisdictional account setup for a high-value asset purchase

Client:

EU national and resident

Asset Value:

EUR 4.5 million

Challenge: 

Opening an account for a UK-domiciled LLP with an overseas UBO

Background

Our client, an EU national and resident, was in the process of purchasing a high-value asset valued at EUR 4.5 million through a UK Limited Liability Partnership (LLP). The client's structure, involving an overseas Ultimate Beneficial Owner (UBO) and the need for swift onboarding, posed significant challenges for conventional banking.

Challenge

The combination of a UK-domiciled LLP and a non-UK UBO typically leads to complications with traditional banks, often delaying the process. In this case, time was critical, and the client required an account that could not only facilitate the immediate asset purchase but also support ongoing multijurisdictional financial management.

Solution

The client approached Interpolitan Money for a fast and reliable solution. We worked quickly to accommodate the urgency of the case:


  • The LLP was incorporated on a Friday.

  • The necessary documentation was submitted to us the following Thursday.

  • Within just 7 calendar days, we successfully opened the account.

Outcome

The account remains actively managed through Interpolitan, providing the client with seamless, ongoing support for the asset’s multijurisdictional management. Our ability to navigate complex structures and expedite the account setup process ensured the transaction proceeded without delay.


By leveraging our expertise in global transactions and non-conventional banking solutions, we delivered a tailored service that traditional banking systems struggled to provide.

LONDON
5th Floor, 33 Cavendish Square, London, W1G 0PW
+44 (0)20 8187 5001
info@interpolitanmoney.com

 

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Office 109, Level 1, Tower A,

Damac Park Towers, DIFC, Dubai, UAE

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MUMBAI 

2905 Marathon Futurex, NM Joshi Marg, 

Lower Parel, Mumbai, India 400013

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Interpolitan Money PLC is authorised and regulated by the Financial Conduct Authority (“FCA”) to issue electronic money under the Electronic Money Regulations 2011. FRN 900413. Forward contracts and associated credit facilities are not regulated by the FCA.

 

An Interpolitan Money account is not covered by the Financial Services Compensation Scheme (“FSCS”). We hold your funds in specially designated, safeguarded bank accounts, with our tier 1 banking partners, which keep your funds separated from our other assets. This means your funds are protected. Please see our FAQs for more information.

 

Interpolitan Money Plc registered office address 2 Leman Street, London, England, E1W 9US, a company incorporated under the laws of England and Wales, registration number 07666629. Interpolitan Money Canada Inc is registered as a Money Business Service (“MSB”) with the Financial Transactions and Reports Analysis Centre (“FINTRAC”). Our registration number is C100000165.

 

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