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Local Business Accounts,
Global Reach
Operate local accounts in the UK, UAE, and Canada without the need for local incorporation or resident directors. Receive domestic account details in your company’s name and gain access to local rails, including Faster Payments (UK), EFT clearing, and cross-border SWIFT connectivity, supported by infrastructure built for multi-jurisdictional businesses and complex structures.
The Complexities Behind
Local Accounts
Establishing local business accounts across multiple jurisdictions can be complex. Conventional payment providers impose procedural and structural barriers that slow operations, increase costs, and introduce uncertainty.
Your Gateway to Local Business Accounts
VFX eliminates duplication, delays, and compliance uncertainty. We provide local business accounts across jurisdictions through a single, streamlined process designed for complex, multi-jurisdictional entities.
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Access to Local Payment Methods
Utilise domestic payment rails in leading global markets. Our platform supports multiple local payment types, reducing cost and friction in cross-border transactions.
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One Platform, Multiple Jurisdictions.
Open and manage GB, AE, and CA accounts without local incorporation or resident directors, all from a single interface.
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Single Onboarding, Global Access.
Complete KYC once and gain access across multiple financial hubs, no repeated paperwork or in-person visits required.
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Predictable Timelines
Accounts are operational within days rather than months, with transparent milestones set from the outset.
Local Account Capability in Three Key Jurisdictions
Open accounts with domestic clearing capabilities directly in your company’s name, without the need for local incorporation or resident directors.
Operate in the UK without Local Residency
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Operate in Germany without Local Residency
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Operate in Canada without Local Residency
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A Complete Global Account Infrastructure
Provide your finance function with the tools to manage payments, currency, and risk across multiple jurisdictions with confidence and efficiency.
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Supporting Clients Across Borders
We support clients in accessing domestic accounts in the UK, UAE, and Canada, enabling smooth operations across multiple jurisdictions.
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Technology That Connects Your Operations
Opening local business accounts is only the beginning. The VFX platform brings these accounts into a single intelligent environment, one built for efficiency, oversight, and control.
Through secure API and SFTP connections, clients can integrate with their existing treasury and accounting systems, streamlining reconciliations and automating reporting. Multi-user approvals, real-time visibility, and permissioned access ensure that every transaction moves with clarity and discipline.
Each account connects seamlessly to VFX's broader infrastructure, payments, FX execution, and liquidity management, creating a single ecosystem for international operations.
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A Dedicated Partner for Every Client
We assign each client a dedicated relationship manager with expertise in your sector and jurisdiction. Your account manager guides you through depositing share capital, opening and operating local business accounts, and accessing banking services in key jurisdictions, all without the need for local incorporation.
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Trust and Governance
at Every Stage
VFX is authorised and regulated by the FCA, DFSA, and FINTRAC. Our clients' funds are segregated and safeguarded at all times, supported by real-time audit trails and granular permission controls that ensure complete visibility.
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