Banking in Seychelles

The Republic of Seychelles is a group of 155 islands in the Indian ocean, at the North-East of Madagascar and 1,500Km east of the African continent coast. Seychelles manages one of the fastest-growing International Business Companies (IBC) registers in the world and is governed and protected under the enactment of the Financial Service Authority Act 2013. The descendant of Seychelles International business authority (SIBA), the financial service authority, is responsible for regulating non-bank financial service sector.

Central bank of Seychelles, established in 1983, exerts the power over regulating and supervising the banking system. Seychelles is one of the first countries in the region adopting Anti-Money Laundering Act in 1996.

The banking sector in Seychelles operates under the single regime licensing in which banks are allowed to conduct both domestic and international (offshore) banking business without separate licenses. As of the end of 2018, there are 8 licensed commercial banks in Seychelles, of which twos are fully and majority-owned by the government, namely Seychelles Commercial Banks and Nuovobanq bank, the rest are subsidiaries of foreign banks.

Opening a Seychelles offshore bank account gives many advantages. Beside extensive banking facilities offered i.e. multi-currency accounts, internet banking…, most banks have reasonable account deposits. Moreover, no signatory travel is needed to open a Seychelles bank account.

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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

What Included in Our Fee

  • Consultancy on bank options that are most suitable for your business
  • Consultancy and review on the process of application and required documents
  • Support in preparing certified documents when needed such as Certificate of Incumbency and Courier hard copy to the bank
  • Appointment arrangement with banks
  • Answering all of your banking-related questions if possible
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Why Our Service is Unique

  • One-time fee for multiple bank applications with premium package (if you fail to open bank account in one bank, we continue to assist you on applying for other banks, without extra charge)
  • The most competitive price that you can find
  • The ability to open bank account online/remotely without traveling
  • Beyond 12 years of experience with a broad international banking network
  • Relentless support with fast responsiveness even on weekends
  • Keeping customers always updated with the applying processes

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

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Required Documents

Though banks have different requirements on documents needed to open a bank account for Seychelles company, some of common ones can be named and listed below for your review. We strongly recommend you to contact us to get free consulting for your case.
  • Account application forms
  • Bank statements
  • Bank reference letter
  • Certified copies of personal identity documents including valid passports and residency proofs within 3 months for all directors/ shareholders/ account signatories
  • Business plan
  • Copies of Seychelles company documents
  • Certificate of Incumbency

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