How to Open Seychelles Offshore Bank Account and Its Benefits

Anyone can open a bank account in Seychelles. An offshore bank account can come with a range of benefits, such as the ability to hold money and transact in other currencies.  . Although a Seychelles offshore bank account is available to everyone, banks still reserve the right to reject applicants if proposed activities of applicants are deemed to pose too high a risk are found to be politically exposed (which means that they could pose a risk to the bank’s reputation or even cause it regulatory or legal problems later). A bank may refuse you if it is doubtful of funds’ origins, too. Here are some tips for opening a Seychelles offshore bank account and avoid those problems:

• Make sure you are opening an account for legal reasons and the source of funds being remitted to the bank are from lawful sources that can be documented – Banks may refuse to accept money, which is assumed or found to come from illegal activities. Confidentiality and privacy may be some of the perks of having a Seychelles offshore bank account, but these are not absolute, especially if you are suspected of criminal activity.

• Get a specialist to help you – Find a Seychelles offshore bank account services provider that is licensed and regulated by FSA (Financial Services Authority). The banks are generally far more comfortable and some will only open accounts for offshore clients if working with such a provider.  This specialist should have years of experience in helping clients open and manage offshore bank accounts and other activities related to your treasury. The service can be tailored to your unique requirements, too, especially if you want to open a bank account for your growing international business or to protect and invest assets..

• You can open a bank account without going to Seychelles – You do not have to be physically present at the bank. However, remember that you cannot anonymously open a bank account, as banks would like to get to know you first before taking you in as their client.

• Have the necessary documents – this depends on the bank.  You will need to provide certified copies of a proof of identification, proof of address  which must not be older than three months and potentially additional documents like a bank reference, documents substantiating the source of funds.   

Once you are qualified, the bank account should be ready in a few business days or up to three weeks. Debit/ATM and/or credit cards are generally available for use for international transactions and withdrawing funds.