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Find out the benefits and reasons to take advantage of our expertise for your Seychelles company's bank account opening
Our service facilitates the hassle-free opening of offshore bank accounts worldwide, sparing you the need for a physical presence and streamlining the process for international clients seeking banking solutions.
Our experts meticulously gather and organize all required documentation, ensuring clarity and completeness to expedite the bank's review process and enhance the likelihood of successful account openings.
We provide ongoing support by proactively tracking and following up with banks, promptly addressing any inquiries or requests for clarification, and ensuring a smooth and timely account opening process for our clients.
Benefit from the experience and expertise of our team, who possess in-depth knowledge of offshore banking regulations and procedures, to navigate complexities and optimize success rates for account openings.
Our services are competitively priced, offering a one-time fee for multiple bank applications. In the event of initial unsuccessful attempts, we will continue to assist you in applying to alternative banks at no extra cost to you.
Entrust your offshore bank account opening process to our capable hands and experience peace of mind. Focus on your core business while we handle the intricacies of banking procedures with professionalism and diligence.
Find out the documents required in order to apply for your Seychelles company's business bank account opening
Check out the available traditional and electronic (online) banking options for your offshore company in the Seychelles
| Bank's Location | Bank Name | Personal Visit Required? | Initial Deposit Required | Online Banking Available? |
|---|---|---|---|---|
| Belize | Belize Bank | Not required | US$ 4,000 | Yes, available |
| Belize | Caye International Bank Ltd. | Not required | US$ 1,000 | Yes, available |
| Belize | Heritage Bank | Not required | US$ 3,000 | Yes, available |
| British Virgin Islands | Bank of Asia | Not required | US$ 20,000 | Yes, available |
| British Virgin Islands | First Caribbean International Bank | Not required | US$ 25,000 | Yes, available |
| Cayman Islands | FirstCaribbean International Bank | Not required | US$ 10,000 | Yes, available |
| Hong Kong | Bank of China | Person visit is required | HKD 300,000 | Yes, available |
| Malaysia | Standard Chartered Bank (Malaysia) | Person visit is required | US$ 20,000 | Yes, available |
| Mauritius | Mauritius Commercial Bank | Not required | US$ 50,000 | Yes, available |
| Mauritius | Investec Bank | Not required | US$ 50,000 | Yes, available |
| Mauritius | MauBank Ltd | Not required | US$ 5,000 | Yes, available |
| Mauritius | Bank One | Not required | US$ 5,000 | Yes, available |
| St. Kitts & Nevis | Bank of Nevis International | Not required | US$ 10,000 | Yes, available |
| St. Kitts & Nevis | International Merchant Bank | Not required | US$ 25,000 | Yes, available |
| St. Lucia | PROVEN Bank | Not required | US$ 5,000 | Yes, available |
| Singapore | DBS | Person visit is required | SGD 250,000 | Yes, available |
| Singapore | HSBC | Person visit is required | US$ 200,000 | Yes, available |
| Singapore | OCBC Bank | Person visit is required | SGD 30,000 | Yes, available |
| Singapore | United Overseas Bank (UOB) | Person visit is required | US$ 100,000 | Yes, available |
| United Aarab Emirates | Emirates Islamic Bank | Person visit is required | AED 10,000 | Yes, available |
| United Aarab Emirates | RAK Bank | Person visit is required | US$ 10,000 | Yes, available |
| Vanuatu | Pacific Private Bank | Not required | US$ 1,500 | Yes, available |
Electronic Money Institutions (EMIs) are digital banks catering to offshore companies, offering online banking services. They provide faster transactions, lower fees, and innovative financial products compared to traditional banks, making them ideal for efficient and flexible offshore banking solutions.
| Location | Institution Name | Personal Visit Required? | Initial Deposit Required | Online Banking Available? |
|---|---|---|---|---|
| Hong Kong | Airwallex | Not required | Not required | Yes, available |
| Hong Kong | Currenxie | Not required | Not required | Yes, available |
| Hong Kong | Rapyd | Not required | Not required | Yes, available |
| Hong Kong | Statrys | Not required | Not required | Yes, available |
| Singapore | Aspire | Not required | Not required | Yes, available |
| Singapore | Wallex | Not required | Not required | Yes, available |
| United Kingdom | MultiPass | Not required | Not required | Yes, available |
| United States | Mercury | Not required | Not required | Yes, available |
| United States | Payoneer | Not required | Not required | Yes, available |
Find answers to frequently asked questions on opening a company bank account for your offshore company in the Seychelles
While most legitimate businesses can open bank accounts, high-risk industries like gambling or cryptocurrency may face additional scrutiny or restrictions. Banks in the Seychelles adhere to strict compliance standards and may assess business risk profiles before approving account openings.
Banks may have policies in place to monitor and report certain transactions, such as large cash deposits or withdrawals, international wire transfers, or transactions involving high-risk jurisdictions or industries. Additionally, offshore companies must comply with local and international regulations governing financial transactions, including sanctions, anti-money laundering (AML), and counter-terrorism financing (CTF) measures, to avoid potential compliance issues or regulatory penalties.
While physical presence may not always be required, some banks may prefer or mandate an in-person visit for identity verification purposes, especially for higher-risk transactions or accounts. However, many offshore banks offer remote account opening services, allowing you to complete the process online or through authorized representatives for your Seychelles company.
Some banks that are known to offer completely remote account opening services for offshore companies include: Euro Pacific Bank in Puerto Rico, Caye International Bank in Belize, Neat in Hong Kong, and OCBC Bank in Singapore. These banks typically allow you to complete the account opening process online or through authorized representatives without the need for a physical visit to the bank's branch.
Offshore banks in the Seychelles typically support major currencies such as USD, EUR, GBP, and sometimes others like CAD or AUD, providing flexibility for international transactions. Some banks may also offer multi-currency accounts, allowing businesses to hold and transact in multiple currencies within a single account, facilitating seamless global operations and currency diversification strategies.
Various offshore company structures, including exempted companies, limited partnerships, trusts, and LLCs, are eligible to open bank accounts in the Seychelles. Requirements and documentation may vary based on entity type and bank policies.
Yes, there are minimum deposit requirements for opening bank accounts for Seychelles companies, although they vary depending on the jurisdiction and the specific bank. For instance, in Belize, banks such as Belize Bank require an initial deposit of US$4,000, while Caye International Bank Ltd. mandates US$1,000, and Heritage Bank stipulates US$3,000. In the British Virgin Islands, First Caribbean International Bank imposes a higher initial deposit of US$25,000. Similarly, in Mauritius, both Mauritius Commercial Bank and Investec Bank require US$50,000 as an initial deposit. In Singapore, banks like DBS set the initial deposit at SGD 250,000, while HSBC requires US$200,000, and UOB mandates US$100,000. These minimum deposit requirements may vary further based on factors such as account type, currency, and the banking institution's policies.
Yes, nominee directors or shareholders can be used to open bank accounts for offshore companies in the Seychelles. Nominee services offer privacy and confidentiality for company owners while complying with regulatory requirements. It's essential to ensure that nominee arrangements are conducted transparently and in accordance with relevant laws and regulations to avoid potential issues with banking authorities. Please note that banks generally require you to disclose the ultimate beneficial owners (UBOs) even if you use a nominee director and/or nominee shareholder for your company in the Seychelles.
Yes, many banks in the Seychelles offer corporate investment accounts tailored to the needs of offshore companies. These accounts may provide access to a wide range of investment products and services, including equities, bonds, mutual funds, and alternative investments. Corporate investment accounts allow offshore companies to manage surplus funds, earn returns on idle cash, and diversify their investment portfolios in accordance with their financial objectives and risk tolerance.
Yes, many banks in the Seychelles and in any other jurisdiction that support companies that are incorporated in the Seychelles offer business accounts with robust online banking platforms that provide convenient access to account information, transaction services, and financial management tools. Online banking capabilities allow offshore companies to conduct banking transactions securely from anywhere in the world, streamline cash management processes, and monitor account activity in real-time. Additionally, online banking platforms may offer features such as electronic fund transfers, bill payments, and customizable reporting options to meet the specific needs of offshore businesses.
Yes, many banks offer corporate credit and debit cards as part of business banking services for Seychelles offshore companies. These cards facilitate purchases, payments, and fund access while providing transaction records for accounting and auditing purposes.
Here's the list of banks along with their respective initial deposit requirements for opening an account:
Belize:
Belize Bank - Initial Deposit: US$4,000
Caye International Bank Ltd. - Initial Deposit: US$1,000
Heritage Bank - Initial Deposit: US$3,000
British Virgin Islands:
First Caribbean International Bank - Initial Deposit: US$25,000
Mauritius:
Mauritius Commercial Bank - Initial Deposit: US$50,000
Investec Bank - Initial Deposit: US$50,000
Singapore:
DBS - Initial Deposit: SGD 250,000
HSBC - Initial Deposit: US$200,000
UOB - Initial Deposit: US$100,000
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