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Open a Bank Account in Seychelles

Updated on Friday 29th June 2018

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bank account in Seychelles can be set up by any kind of investor from abroad. It is good to know that there are cases where some financial institutions reserve the right to choose their customers. Furthermore, a bank account in Seychelles will allow the opening of other accounts in varied jurisdictions with less effort and paperwork. Complete details about how to open a bank account in Seychelles can be requested from our company formation agents in Seychelles who can also help entrepreneurs set up their business in the insular state.

Requirements to open a bank account in Seychelles

When opening a bank account as a natural person or for corporate matters, it is good to know that the information in this matter is private, as all banks offer complete confidentiality. A bank account for a company in Seychelles can be opened if the following documents are provided:

 

  • •     copies of the company’s documents (Articles of Association, Certificate of Incorporation);
  • •     documents which provide details about the status and the activities of the company;
  • •     copies of the identification documents of the owners and information about the managers;
  • •     a letter of recommendation signed by your accountant or issued by another bank;
  • •     a board resolution for opening the bank account in Seychelles.

 

As for a natural person who wants to open a bank account in Seychelles, he/she must provide a copy of the passport, documents revealing the address and also a recommendation letter from another financial institution. Please keep in mind that drafting the documents for setting up a bank account can be supervised by our specialists who can also help individuals set up companies in Seychelles.

 
You can also watch our video on how to open a Seychelles bank account:
 
 

The benefits of a bank account in Seychelles

From the beginning, we remind that setting up a bank account in Seychelles can be done within a few days if all documents are accepted. The customers are protected when opening a bank account in Seychelles, and even more, the authorities in the state won’t have access to personal information. Such bank accounts are related to the offshore companies registered by investors in Seychelles, and in many cases, according to the rules of the bank, there are no taxes.

We remind that businessmen from overseas can open bank accounts without having to visit Seychelles, as we can handle such requirements in complete privacy.

FAQ on bank accounts in Seychelles

1.    Is it hard to open a corporate bank account in Seychelles?

No, the procedure of opening a company bank account is not complicated in Seychelles.

2.    How long does it take to open a company bank account in Seychelles? How about a personal one?

No matter the type of bank account you intend to open, the procedure takes about 2 to 3 weeks.

3.    Do I need to come in person if I want to open a bank account in Seychelles?

No, a power of attorney will be sufficient for a proxy to open a bank account on behalf of foreigners.

4.    Can I set up the bank account in an international currency?

Yes, most Seychelles banks allow the opening of bank accounts in other currencies, such as US dollars and Euro.

5.    Do I need to secure a minimum amount in the account?

Yes, Seychelles banks usually require a minimum initial and a monthly deposit. The amount of money required depends on the bank and if the account is personal or corporate.

 

If you are an individual willing to open a bank account in Seychelles for personal matters or for corporate reasons, we invite you to contact our team of agents in company incorporation in Seychelles.

 

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Call us now at (+44)203-287 0408 to set up an appointment with our lawyers in Victoria, Seychelles. Alternatively you can incorporate your company without traveling to Seychelles.

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