Seychelles Bank Account Opening for Non-Residents Seychelles is considered a sandy beach nation good for vacation. However, that is not the only thing about Seychelles. The country is also a well-known offshore jurisdiction. Seychelles bank account opening is a considerable option for non-residents. The jurisdiction has various commercial banks that are registered under the Central Bank of Seychelles. The list of offshore banks in Seychelles is many, and the service provided is appreciable. Therefore, you will not have any issues with Seychelles offshore company formation with a bank account.
Seychelles Bank Account Opening There are various types of banks available in Seychelles, which include savings accounts, current accounts, offshore bank accounts in Seychelles and accounts in foreign currencies. Non-resident people can only open an offshore bank account and the accounts in foreign currencies.
The Benefits of Seychelles Bank Account Opening Seychelles offshore company incorporation has various advantages. Some of them are as follows: •
Minimal Government Interference
The Financial Services Authority is the governing body for Seychelles company registration. It is the only responsible authority to manage all international business companies. Therefore, no local authority can intervene in the Seychelles bank account opening process. •
Currency Management
Having a Seychelles bank account will enhance the scope for accessing credit and financing. You can do currency exchange easily at a lower cost, which increases the chance for international business. •
Financial Privacy
A Seychelles offshore company formation with a bank account will enhance the confidentiality and privacy of your assets, and your financial assets will be protected. This will be beneficial for you if you are looking for privacy. •
Financial Accessibility
You will get easy access to credit and financing options for your business in Seychelles. You can easily manage the cash flow of your company in Seychelles.
The Process of Seychelles Bank Account Opening There is a process that one has to follow for Seychelles offshore company incorporation with a bank account. Here is the whole process:
1. Finalize a Bank: The first step is to determine the bank in Seychelles for your bank account opening. There are various options for opening a bank account in Seychelles.
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Submit all the Required Documents:
You must submit some essential documents for bank account opening in Seychelles, which are as follows:
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An application form.
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Bank reference letter.
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Identity documents of shareholders and directors.
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Passport-sized photographs.
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The statutory documents of the company.
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Notarized document copies if they are not in English. Fill out the Application:
In the next step, fill out the application form for bank account opening. This process can be done through mail, in person or online. You must submit these documents to the bank.
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Due Diligence:
Once you submit all the documents, it is time for banks to review your application by the Seychelles bank. The bank will verify all your documents with the application and will then provide you with approval. This process might take two or three days to weeks, depending on the bank.
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Fund the Account:
The next step includes funding the bank account through a wire transfer, cheque, or cash deposit.
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Open your Bank Account:
Once you finish funding, it is time to activate that bank account. The bank will send you the information and required instructions.
Our Role Business Setup Worldwide is a leading management consulting firm assisting business investors and entrepreneurs to start their businesses overseas. We have experienced business consultants who can guide you throughout the process. Seychelles is a great location for bank account opening. If you decide to open an offshore bank account in Seychelles, do not hesitate to contact us for further information, and we’d be happy to help.