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Our company offers introduction services for opening corporate bank accounts in Seychelles.

About the Bank

This bank 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 was 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 Barbados, Botswana, China, Cyprus, Indonesia, Malaysia, Mauritius, Oman, Qatar, South Africa, Thailand, UAE and Vietnam.

Seychelles has signed Tax Information Exchange Agreements (TIEA) with the Netherlands only.

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$100,000 within 4 weeks of opening the account. The bank closes any new account, which remains unfunded at the end of 4th week period from the date of opening.

Minimum Balance

The bank does not require to maintain minimum balance on the account.

When monthly average balance falls below US$100,000, the bank charges a monthly maintenance fee of US$25.

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

Credit and debit cards are not available at the present time. The bank is planning to start offering debit card Barclaycard in April 2012.

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. When minimum balance falls below US$100,000, the bank charges US$25 monthly.

• International wire transfer fee

  • Inward payments: free of charge

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

• Fee for the issue of a bank draft: US$30

• Cheque book: US$10.

Internet Banking Fees:

• Monthly fee: US$25.

• International wire transfer fee for outward payments: US$35.

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.

Our company highly recommends this bank.