Opening a bank account for the company

At SFM, we consider a company useless if it does not hold a bank account.

The exceptions are holding companies that are created with the sole purpose of holding shares in other companies.

Thus we have developed a banking network and expertise which enables us to open accounts for all companies we register. Obviously, the final decision to open an account depends on the bank. Our opening success rate is close to 95%.

Our professional status «International Corporate Service Provider» and our signing of a good conduct charter give us the status of «eligible introducer» in the eyes of financial establishments in general.

As a result of this, opening an account and managing the dossier are much simpler, we send the banking file directly to our clients. We can open bank accounts by correspondence for the majority of banks with whom we work.

How do we choose our network of banks ?

With our fifteen years of experience in the field, we were able to select banks that are secure; provide excellent services, as well as numerous banking facilities (e-banking, credit cards, letters of credit etc.).

In addition, other important characteristics were studied before selecting a bank, such as :

• Political and economic stability of the country where the bank is located
• Bank confidentiality to preserve the privacy of our customers
• Financial guarantees of the bank to avoid the risk of bankruptcy
• Excellent reputation of the institution
• Wide range of financial products offered.

Which account for which customer ?

The SFM customer profile is very varied and includes among others, entrepreneurs, pensioners, shareholders, import-export businessmen, heirs, consultants, patent owners, etc. We have therefore developed a banking network where an account can be opened for any type of activity.

What banking facilities are available ?

As a general rule the following facilities are available from the financial establishments with whom we work :

• Multi currency accounts
• E banking


• Trading in currency, shares and other titles
• Interest bearing accounts


• Credit card and debit card
• Letter of Credit

We point out that it is difficult for offshore companies to establish credit lines, loans or other cash facilities unless assets are deposited with a bank to serve as collateral.

How to choose the country where the bank account will be opened ?

SFM opens bank accounts in the following countries :

Seychelles	Belize	Switzerland	Cyprus	BVI	Hong-Kong
Panama	United- Kingdom	Latvia	St Vincent	Mauritius	Gibraltar

A company is free to open an account where it wishes. Therefore, a company registered in the Seychelles may well have its bank account in Switzerland and vice versa. To determine what would be the most appropriate jurisdiction for the bank account, please contact one of our advisors who will be happy to assist you. For more information, please also see our frequently asked questions about bank accounts.

Which documents are needed to open a bank account ?

As a general rule the bank asks for a certified copy of the shareholder and director's passport (beneficial owner) as well as recent proof of residence which must be less than 3 months old. If the client goes to the bank in person to open the account a certified copy of the passport is not required. In Mauritius banks also require a letter of reference from a bank and a CV. In Panama banks do not open accounts by correspondence.

We will send you the documents necessary for opening the account by email, as an attachment, to sign and return to us preferably by special courier ( DHL, FEDEX, CHRONOPOST) along with the other documents mentioned above.

Here are some of the banks SFM work with

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