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Our company offers introduction services for opening corporate bank accounts with the Barclays Bank. We introduce our clients to the bank's offshore branch located in Seychelles.

About the BankS

Barclays is is one of the world's largest bank. Its headquarter is located in London, UK. The bank offers a full range of banking and financial services to its customers all over the world.

The bank has been established over 300 years ago. Currently, it operates in more than 50 countries and employs approximately 155,000 people.

The bank has 1.63 trillion British Pounds in assets. Its profit in 2008 was 6.1 billion British Pounds despite the tough market conditions.

Banking Secrecy and Tax Treaties

Seychelles authorities has no direct access to bank information. Court order is required to get such access.

Seychelles has double tax treaties with 11 countries including China, Oman, South Africa, Indonesia, Malaysia, Botswana, Thailand, Mauritius, Vietnam, Cyprus and the United Arab Emirates.

Despite the fact that the bank's headquarter is located in London, EU Savings Tax Directive is not applicable to the interest paid to individuals and legal entities, by the Seychelles branch. Thus no information about individuals and legal entities is passed to the EU tax authorities.

Required Corporate Documents

Our company prepares all required corporate documents in accordance with the bank requirements.

Required Personal Documents

The bank requires the following personal documents from each Beneficial Owner, Director and Signatory:

• A certified copy of the valid passport (pages containing photo, signature and personal details)

• Proof of residential address (original or certified copy of the utility bill, bank statement or credit card statement with individual’s name and residential address) issued less than 3 month ago.

The certification must be done by a bank, lawyer or accountant and include name and contact information of the person, who certified the document.

The documents must be in English or accompanied by certified English translations.

Personal Visit

Our clients, who use the bank introduction services are not required to visit the bank in person.

Initial Deposit

Clients are required to deposit US$2,500 within 8 weeks of opening the account.

Minimum Balance

Minimum balance needed to maintain the account is US$2,500 or the equivalent in other currencies.

Online Banking

The bank offers advanced online banking including:

• Access to account balances and account transactions

• Transfer money between accounts in the same bank

• International wire transfer payments.

Clients have access to their accounts 24/7.

Debit and Credit Cards

The bank offers Deferred Debit Card Barclaycard. The card is recognized and accepted at over 18 million VISA outlets worldwide. Barclaycard is issued in USD and EURO. Individual’s user’s name embossed on the card.

Holders of the card have the following advantages:

• 24/7 access to funds in any place of the world

• Worldwide acceptance for any online or in store purchases

• Worldwide cash withdraw

• 24/7 international customer service help line

• 24 Hour replacement card service

• up to US$5,000 emergency cash.

At the end of each month, all expenditures are automatically deducted from the card as a single debit and a statement listing all transactions for the month is sent to the client.

A security (Lien) of 1.5x the credit limit is required. Minimum credit limit is US$5,000 or equivalent in any other currency.

Credit cards are not available.

Time Required

The bank usually opens a corporate account in 1 to 2 business days after receiving completed application forms, corporate and personal documents and verification of clients personal documents and business information.

Currencies

The bank opens accounts in USD, EUR, GBP and CAD.

Bank Fees

Bank Account Fees:

• Maintenance fee: free of charge.

• International wire transfer fee

  • Inward payments: free of charge

  • Outward payments: 0.15% of the payment value (min. USD 20, max. USD 65) plus SWIFT message charge USD 20

• Fee for the issue of a bank draft: USD 30

• Cheque book: USD 10

• Internet banking: free of charge

• Bank's fee for opening a current account: free of charge.

Deferred Debit Card Barclaycard Fees:

• Issue fee: free of charge

• Annual fee: US$132 or EUR110

• Cash withdrawal: 2 % of the transaction value

• Foreign Exchange fee: 2.99% of transaction value for whenever client withdraws funds in a currency other than the currency of his card

• Settlement fee: US$20 per payment from client's account to Barclaycard.

Feedback of Our Clients

Our company introduces its clients to the bank and constantly monitors clients experience with the bank's services.

The bank's new client acceptance rate is around 95%. About 5% of applications are declined due to inability clients to provide required personal documents and references or nature and current condition of clients businesses.

Our clients, who use this bank have high level of satisfaction with the bank's services.