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Things To Know Before Opening an Offshore Bank Account in Seychelles

Nov 18th 2015 at 1:15 AM

Do you want to open an offshore bank account in Seychelles? A corporate services provider can prepare all the required documents on our behalf, in accordance with your chosen bank’s requirements.

Typical Requirements for Personal Bank Accounts -

Banks in Seychelles typically require only two documents for personal accounts:

· Certified copy of the account owner’s valid passport (the page with your photo, signature and details)

· Proof of your residential address issued within the last 3 months (such as a certified copy of a bank or credit card statement, or a utility bill with your complete name and residential address)

For corporate accounts, documentary requirements vary greatly from bank to bank. Talk to a corporate services consultant for more details.

All certifications must typically be done by a notary public or bank. The name and contact information of the certifier must be printed on the documents. All documents have to be in English; in cases when this is not possible, the documents have to beappended by certified English translations.

Do You Need to Go to Seychelles to Open a Bank Account?

You must be wondering if you need to visit personally the Seychelles bank you want to open an offshore account in. The answer is no—not necessarily. You can use bank introduction services if you cannot visit the bank in person. Whether you qualify for such a service depends on your financial standing, personal background, and business profile. Look for an adviser that can use its client-introducer relationship with prominent banks in Seychelles.

Minimum Required Deposit

An initial deposit of at least US$50,000 is required, but some banks impose a higher minimum of as much as US$100,000.You might be required to put the money in within fourweeks of application; your account may be closed if it remains unfunded after this period. Some banks also require a minimum balance and will charge a maintenance fee if your average falls below the minimum.

Online Banking

Some of the best banks in Seychelles offer advanced online banking features for offshore accounts, allowing you to access your balances and transaction history wherever you might be in the world. You may also be allowed to do international wire transfer payments and to transfer funds to another account in the same bank.

Choosing a Bank in Seychelles

A consultant can help you find the most suitable bank for your requirements and financial capacity. Some banks require larger minimum account balances while some are more suitable for start-up companies and active trading. Still others cater only to high-net-worth clients, offering wealth management, private banking, and investment services.

About the Company:

Sterling is a leading licensed and regulated corporate, trust, fiduciary and fund services provider delivering specialised solutions for a global clientele of international corporations, institutional investors, high net worth individuals and families as well as their intermediaries. Whether an end user of our services or an intermediary, Sterling provides an efficient, personalized approach to ensure smooth, efficient delivery of services that meets the requirements of each client.

Sterling establishes, manages and administers offshore companies and international companies, offshore trusts, private foundations and funds utilized in various structures for an international clientele spanning over 80 countries.  These entities combined with Sterling's supporting services allow us to provide a number of different solutions designed to achieve specific objectives of our clients.  These objectives broadly include asset protection, international investment, tax optimization and foreign market entry.

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