What You Should Know About Banking In Seychelles?

The Republic of Seychelles, a group of 115 islands in the Indian Ocean, has a well-regulated and dynamic banking sector. Governed by the Central Bank of Seychelles, established in 1983, the country's banking system ensures stability and reliability for both domestic and international clients.

The banking and financial services in Seychelles operate under stringent regulations to maintain transparency and security. Seychelles was one of the first countries in the region to adopt the Anti-Money Laundering Act in 1996, underscoring its commitment to combating financial crimes.

One of the unique features of the Seychelles banking environment is the single licensing regime, allowing banks to conduct both domestic and international (offshore) banking activities without needing separate licenses. This flexibility makes Seychelles an attractive destination for international business.

As of the end of 2018, there are eight licensed commercial banks in Seychelles. Two of these, Seychelles Commercial Bank and Nouvobanq, are fully or majority-owned by the government, while the rest are subsidiaries of foreign banks.

Opening an offshore bank account in Seychelles offers many advantages, such as multi-currency accounts and internet banking. Most banks require reasonable account deposits, and opening an account does not require signatory travel.

Wondering which bank is best for your Seychelles company? Find out with our Banking Tool

Open a Bank Account for Seychelles Company

Note: Our banking support fee does not include the fee for bank account application or any other required fee (if any) chargeable by the bank you choose to apply.

Order Banking Support Separately

US$499*

* This fee is only for customers who have already used our company formation service

Order Package that Includes Banking Support

US$400*

Save US$99 when ordering Standard or Premium Package

Wave top

What's Included In Our Fee

  • Consultancy on best-suited bank options for your business needs
  • Consultancy and review of the application process and document preparation
  • Support for preparing certified documents when needed – i.e., Certificate of Incumbency and Courier hard copy
  • Appointment arrangements with the bank(s)
  • A dedicated support team available for banking-related questions
why our service is unique

Why Our Service is Unique

  • One-time fee for multiple bank applications with premium package (if you fail to open a bank account in one bank, we continue to assist you in applying for other banks, without extra charge)
  • Affordable and efficient pricing plan
  • Support for opening a Seychelles bank account remotely
  • A proven record of over 12 years of experience with international banks
  • Prompt response and a step-by-step guide to the application
why our service is unique
Wave bottom

Need more references? Here is a Banking Tool to make your decision easier!

Try Now

Required Documents

The specific documents needed will vary depending on the bank you choose. Here are some commonly requested items:

  • Account application forms

    • Bank statements

      • Bank reference letter

        • Certified copies of valid passports and recent address proofs (within 3 months) for all directors, shareholders, and account signatories

          • Business plan

            • Copies of Seychelles company documents

              • Certificate of Incumbency

                For precise document requirements tailored to your situation, please contact our support team.

                placeholder
                placeholder

                Industry News & Insights