Opening a bank account in Seychelles in 2020

Opening a bank account in Seychelles in 2020

Until recently, Seychelles was considered one of the most popular classic offshore jurisdictions. Registering a company in Seychelles and opening an account with a bank in the Seychelles was possible subject to the preparation of a minimum package of documents and without the personal presence of the beneficiary.

What are today’s realities? Is it possible to quickly open a corporate account in the Seychelles, and what requirements must be met for this? We will analyze this question in detail in our article.

Key changes in 2020

At the beginning of this year, it became known, that the EU transferred the Seychelles from the gray to the black list of jurisdictions for their inability to solve problems, associated with existing preferential tax regimes.

IMPORTANT

For details, ask for qualified advice on opening an account for a company in island jurisdictions from our specialists.

HOWEVER, DESPITE THIS DECISION AND THE CONSTRAINTS OF THE EUROPEAN UNION, ENTREPRENEURS CAN STILL:
  • To register a company in the Seychelles (only if a direct structure is used, in this case a positive decision from the bank is most likely needed);
  • To open an account in the Seychelles (only if the new requirements specified in the changes to the laws are met: the presence of a local office and local employees).

If you want to open an account in the Seychelles, you need to understand, that many banks still perceive this jurisdiction as a classic offshore, and due to the strict compliance requirements of KYC and AML policies, a cooperation is refused.

However, if you need to open an account for the Seychelles company, we recommend you familiarizing yourself with existing offers.

Actual solutions

If you have an existing business or plan to establish a company in the Seychelles, then you can open a corporate account with Al Salam Bank, one of the leading local institutions.

IMPORTANT

To find out more, we recommend you ordering advice on opening a bank account in the Seychelles

For entrepreneurs from other countries it is possible to open an account with Bank One in Mauritius or open an account with OCBC Bank in China.

It is worth noting, that some banks in Macedonia offer opening accounts for companies from Seychelles, that are less than 1 year old.

Our experts are ready to provide you with more detailed information on this topic and provide support services in opening a corporate account in Macedonia.

YB Case services

It is worth saying, that registering a company in the Seychelles, as well as opening an account for a company from Seychelles, is not an easy task.

If you are interested in current solutions, our staff is ready to provide you with detailed advice and professional assistance in this matter.

For qualified advice on opening accounts for companies from Seychelles and other relevant services, please call us at the following contacts.

The field must be filled
How can we contact you?*
Please enter a valid e-mail
Please enter a valid phone number