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Our company also assists with opening personal bank accounts.
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:
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.
Our clients, who use the bank introduction services are not required to visit the bank in person.
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.
The bank requires to maintain a minimum balance of $100,000.
When monthly average balance falls below US$100,000, the bank charges a monthly maintenance fee of US$25.
The bank offers advanced online banking including:
Clients have access to their accounts 24/7.
Debit and Credit Cards
Currently, the bank does not offer debit and credit cards. The bank is planning to start offering debit card Barclaycard in the nearest future.
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.
The bank opens accounts in USD, EUR, GBP and CAD.
Bank Account Fees:
Internet Banking Fees:
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 acceptance rate of our clients referred to the bank 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. However, one client reported about problems with bank services in May 2015.
Currently, our company recommends to consider another banks. When we verify that client's information, we will update information accordingly.
Our company is an independent consultancy company, which is not affiliated with the bank.