Seychelles is a popular offshore jurisdiction with one of the largest company formation markets worldwide. It is also one of the major financial centers in Africa.
Seychelles banks use the International Bank Account Number (IBAN) account format. Accounts can be opened in USD, EUR, and GBP, and there is no need to visit Seychelles to open the account. Our banking connection in Seychelles also offers internet banking and a Visa Debit Card (USD) for account holders.
Both individuals and companies are welcomed to open accounts. There is no restriction on nationality/country of incorporation other than jurisdictions that face international sanctions. This means that Seychelles International Business Companies and other offshore companies incorporated in other jurisdictions are eligible.
We can help you open business and personal accounts with several international banks in Seychelles.
We work with 1 different banks in Seychelles, each bank has different eligibility requirements, types of accounts available and onboarding processes.
We invite you to carefully review each banks requirements and services to better understand if their banking services meet your needs.
The Republic of Seychelles is a country member of the Commonwealth, comprised by a group of 115 islands located in the Indian Ocean, to the northeast of Madagascar, with a total surface of 455 sq. km.
It is inhabited by about 100,000 people. Its capital is Victoria, the only city in the archipelago, located on the island of Mahe and inhabited by a third of the population. It has the only international port and airport of the country, which receives flights from the most important international airports worldwide.
Its official languages are English, French and Seychellois Creole, a French-based creole. The Seychellois Rupee (SCR) is its official currency.
The president of Seychelles is the head of state and government. It is elected by universal suffrage for a term of five years.
The Seychelles parliament is unicameral and is called the National Assembly. It is made up of 34 deputies, 25 of whom are directly elected by popular vote in single-member constituencies, and the remaining nine are elected proportionally by the total number of votes to each party.
The main economic sectors are Tourism, with over 300,000 visitors in 2016, fishing and financial services. Other important industries include processing of coconuts and vanilla, coconut rope, construction of boats, printing, furniture, and beverage. The public sector is considerably large employing two-thirds of the labor force.
The financial services sector is the other pillar of its economy, offering offshore banking services, offshore companies registration, registration of investment funds and insurance companies, vessels registration, among others.
Our banking support service is not just a mere introduction to the bank. We assist you in filling out the business questionnaires appropriately and help you understand and provide business details, commercial information and purpose/use of the bank account that a given bank wants to know in order to approve your account application. Banks want certainty and clarity on how the account will be used. Everything must be watertight. We will work with you to make sure there is minimal 'back and forth' and a smooth account opening process.
Bank Account opening requirements are subject to change at the discretion of the bank. There might be additional fees charged by the bank itself. Bank account opening is not guaranteed and is subject to the bank policies and compliance department. There might be restrictions on UBO nationalities, business activities and/or jurisdictions. A refund is available if the account is not successfully opened subject to our terms of service (20% to partly cover service and payment processing and administrative costs apply).