The Procedure and Benefits of Opening a Bank Account Seychelles

Offshore banking is commonly utilized alongside offshore structures to provide access to new markets and products as well as to enhance asset protection. Opening a bank account in Seychelles allows you to legally diversify your risks by keeping your money in a territory that is not subject to the laws of your home country.

Benefits of Banking in Seychelles

You can open a personal or corporate bank account in Seychelles—and even get a credit card and access to online banking tools. This financial center is among the fastest growing offshore banking jurisdictions in the world, so a majority of local banks offer services that are tailored for foreign investors. Banks in Seychelles offer high levels of privacy and confidentiality. You can also expect a wide selection of banking solutions whether you’re a corporate or an individual client. What’s more, it’s free to open a bank account here.

Seychelles Offshore Account Opening Procedure

There are two ways to open a bank account in Seychelles. You can contact a local bank directly, or you can use the services of a reliable provider of offshore wealth protection services with expertise in this territory. The latter is often the best option if you want to make the process stress-free.

You need to prepare the following requirements for corporate accounts:

·         notarized copies of articles of incorporation

·         certificate of registration

·         registers of shareholders and directors

·         certificate of good standing

·         power of attorney (if applicable)

If you want to open a personal account, present the following:

·         notarized copy of a valid ID (such as passport, driver’s license, or national identity card)

·         proof of address

·         proof of source of your initial funds

All documents need to be certified by a notary public, commissioner of oaths or an embassy/consulate.

When you are represented by a consultant, you no longer have to fly to Seychelles to personally open your bank account. It’s possible to complete the process remotely, and there is no need for a personal appearance. You can also rely on the consultant to manage your account for you, if you wish.