Offshore Bank Account in Seychelles

Seychelles is one of the growing offshore business grounds favoured by business investors for wealth management and asset protection. This jurisdiction provides a number of business solutions ranging from company incorporation to opening an offshore bank account. There are essential considerations which should be followed while proceeding with the Seychelles bank account opening. 

Advantages of Opening a Seychelles Bank Account

All of the Seychelles offshore banks are regulated by the Central Bank of Seychelles. The key benefits to open bank account in Seychelles are listed below:

  • Low maintenance fees.
  • Remote bank account opening options.
  • Strong confidentiality norms of the Bank.
  • Online banking facilities and multi-currency accounts. 
  • High expertise and strong banking regulations. 
  • Account opening in 10-20 days.

The Process of Opening an Offshore Bank Account

Seychelles company formation with bank account has to be completed by following a straightforward procedure, which involves the following steps:

1. Approach a Business Consultant

The primary step is to approach a certified offshore business consultant who could assist you in opening a bank account in Seychelles. Their expertise will save you time and help maintain compliance. 

2. Selection of the Offshore Bank Account

The next step is to decide on the bank account that suits your business. Multiple International banks in Seychelles offer their services to offshore business entities. It is crucial to compare the options and choose the bank that will most suit the business's requirements.

3. Be Prepared with the Company Documents

After choosing the Business Consultant and selecting the Bank,, make sure all the documents of the business are ready. These include:

  • Articles of Association (AOA)
  • Memorandum of Association (MOA)
  • Certificate of company incorporation
  • Completed  bank account opening form
  • Any other archive according to the bank's requirements
  • Identity proof of the business director(s) and shareholder(s)
  • Address proof of the business director(s) and shareholder(s)

4. Submission of the Documents and Approval

These documents must be provided to the respective business consultant, who would help you get the necessary approvals from the bank authorities. if all your documents are in order, the bank account can be opened, if not then the consultant will have to cross-check with the bank authorities.

5. Carry Out the Business Transactions

Once you receive the approval, you can carry out the business transactions with ease. Moreover, having an offshore bank account also helps in Seychelles company formation as a business investor can engage himself in business investments.

FAQs

Name some of the popular Seychelles banks

Al Salam
Absa Bank
Bank of Ceylon
Bank of Baroda

Can I open a bank account in Seychelles anonymously?

No, a bank account opening in Seychelles requires your identity details. Anonymous personal bank accounts don’t exist anymore.

What is the minimum deposit amount for Seychelles bank account opening?

$10,000.