How do I set up a separate bank account for my business?

Question

I have registered my business last year and have sent two trial shipments to Pakistan consisting of grains and seeds. The company in Pakistan would like to order bigger quantities but i have been unable to open a separate bank account for my business.

Because this business involves international payments i also haven’t been able to get the invoice payment for the trial shipment into my personal bank account due to the State bank in Pakistan not allowing a business transaction going into a personal account. How do i resolve this issue and why am i experiencing difficult in opening a business account for this business since i have another business account for another business i have and it wasn’t a hassle at all.

Answer

Hi there,

I hope you get an answer to your question shortly.

In the meantime, I recommend also looking at the Institute of Export and International Trade’s helpdesk for more specific advice:

http://www.export.org.uk/page/Export_Helpline

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