Seychelles Company and Belize Bank Account: Your Powerful Offshore Combination

It is typical of any seasoned entrepreneur to always weigh the risks of their capital investments. When deciding to set up an offshore company, they inevitably consider all possible hidden taxes in the chosen offshore jurisdiction.

To make both your life and work a bit easier, Offshore Pro Group experts have come up with a company incorporation service in the Republic of Seychelles. This corporate solution lets you set up a company offering strong protection for both your money and privacy. With it, you won’t need to worry about audits, reports, taxes, or authorized capital. 

We can also help you open a corporate bank account in Belize with a top offshore bank, along with setting up your Seychelles company.

Are offshore corporate banking services with customized terms what you are looking for? Don’t hesitate to contact Offshore Pro Group experts! They will eagerly help you choose an account that suits all your needs and objectives.

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Seychelles: a prime offshore jurisdiction for businesses

In the past, Seychelles used to be a typical offshore jurisdiction but tax authorities are less strict with it now. Suffice it to say that the European Union removed Seychelles and Belize from its blacklist in 2024.

Year after year, demand for the jurisdiction only rises. The reason is not hard to plumb: Seychelles keeps prioritizing very low (and sometimes zero) taxes, simplified registration procedures, and legislation that assigns primary importance to foreign investor interests, at the same time complying with the standards set by the global economic community.

This way, Seychelles has a register of all beneficiaries and directors that lists all company executives in the country. However, your personal data therein is not public, and only your registered agent may access it.

As provided for under the laws currently in force in Seychelles, these are the data that must be specified:

• nominee services used and their scope
• beneficiary’s or director’s share in the company
• beneficiary’s full name, nationality, and date of birth.

The register has the company’s directorship information, which used to be public in the past but is now private and confidential.

The Seychelles law strictly limits the circumstances when local authorities may request any confidential data from your registered agent, be it for review or information purposes. This is typically only permitted in the investigation of major crimes or offenses.

The law bans mass data requests (phishing) from clients in Seychelles.

Anyone who has ever attempted to set up an offshore company with a bank account realizes only too well how complex and extensive the matter is. However, at Offshore Pro Group we do it routinely. 

What are the requirements for maintaining a company in Seychelles?

Here’s what you must do to keep your Seychelles company up and running:

• Pay your fees annually by the set deadlines.
• Have at least 1 shareholder of any nationality (Seychelles offers this opportunity to nationals of any state but certain banking conditions may apply).
• Have at least 1 director of any nationality (same as above).
• Keep your company’s records (with no need to submit or audit them). 
• Submit a yearly non-financial report with company details, record storage address, minutes of shareholder and director meetings, as well as your consent to share information with Seychelles authorities if required, etc.

Zero-tax status and how you can get it in Seychelles

To be sure you qualify for a zero-tax status in Seychelles, meet these requirements:

• Don’t do any business in Seychelles.
• Don’t own properties in Seychelles.
• Don’t offer banking or insurance services without a license.
• Don’t be a registered agent.
• Only invest outside Seychelles with a license issued by a corresponding jurisdiction.
• Don’t be a gambling service provider in Seychelles, and only offer gambling services abroad under a corresponding license.

While setting up your company, you are not required to pay up its authorized capital.

One and the same person may simultaneously be the company’s director and owner.

The laws of Seychelles do not require companies incorporated there to either hold director meetings namely in Seychelles or hold them annually.

Documents required to register a company in Seychelles

To complete the registration process, you will only need to submit a notarized copy of your passport along with proof of your residential address.

Once the service fee for company registration is paid, your new business will be registered in 3 to 4 working days.

Please fill in the form below to register a Seychelles company with a Belize bank account

Documents you get after registering a company in Seychelles

• Certificate of Incorporation
• Minutes of the First Director Appointment
• Minutes of the First Shareholder Meeting
• Memorandum and Articles of Association
• Register of Directors
• Register of Shareholders
• Register Records
• Your First Register of Directors
• Share Certificates.

Registration and maintenance costs for a Seychelles company

Fees associated with a BC incorporation in Seychelles start from USD 2099. Here’s what the above amount includes:

• company incorporation services
• government fee for company registration
• comprehensive services provided by a registered agent in Seychelles
• legal address with a registered office in Seychelles
• full set of original corporate document copies as mentioned above
• courier delivery.

If you are about to open a bank account or require apostilled copies of the company’s main documents for other purposes, we recommend you order such a document package simultaneously as it will cost you a lot less compared to apostilling each document separately. 

The price for company registration and a set of apostilled documents is currently USD 2899. 

The annual renewal of the company in Seychelles will cost you USD 1999. 

The late payment of company renewal fees results in the following penalties:

Nominee services

Below, you will find our fees for nominee services in Seychelles:

• Nominee director: USD 3499 per year.
• Nominee shareholder: USD 3499 per year.

After you register your company in Seychelles, you are welcome to order more services from Offshore Pro Group experts.

Are reliable bank accounts in any of the Americas boasting interest rates higher than those in US banks as well as lower taxes exactly what you need? Go ahead and book bank account setup services with a licensed offshore bank in Belize!

Corporate banking in Belize

You will find Belize in Central America. Despite its small size, the country boasts significant economic potential and is conveniently located on the Yucatan Peninsula. To its north lies the border with Mexico, while Guatemala borders its south and west. The nation’s eastern coastline stretches along the Caribbean Sea. It is great to know that Belize remains politically stable. At present, the national currency is pegged to the US dollar at a rate of 2:1.

The Belize offshore bank offers three account types for foreign companies:

1. Simplified option: Suitable for individuals and holding companies looking for a country and a servicing bank to open an account and diversify their assets. The number of transactions you can make with such an account is limited to 2 per month.

2. Corporate (transactional) account: This account is designed for offshore companies operating in a low-risk environment. The number of transactions you can make using it is more than 5 per month.

3. Complex account: This one is an excellent choice for operating companies with a stable flow of financial transactions, including those that deal with high-risk jurisdictions or operate in any high-risk sectors.

Feel free to reach out to Offshore Pro Group experts for a detailed consultation on the rates and services offered by the offshore bank in Belize that caters to both legal and natural persons.

Belize offshore bank: what you’ll get

The strengths of Belize’s banking sector are highly appealing:

• Customer privacy and confidentiality.
• No currency control, enabling clients to freely transfer their funds.
• Certain asset structures (such as IBCs and trusts) are shielded from legal proceedings and foreign creditors.

When you become a client of the Belize offshore bank, you’ll gain an opportunity to invest in new markets and tap into the expertise of top-tier financial professionals. Belize maintains its leadership in providing highly qualified staff, with the executive management team of the servicing bank boasting over 50 years of experience in international banking. 

Under certain conditions, you can enjoy an offshore income that is tax-free, which comes with better investment opportunities and more funds at your disposal to invest in any appealing projects you like.

Features of offshore corporate demand deposit accounts

This deposit account functions as a standard transactional account:

• Account currency: USD.
• Minimum opening balance necessary: USD 1000.
• Account opening fee: USD 100.
• FATCA fee: USD 250.
• Account maintenance fee: USD 14.50 per month.
• Interest accrued on balances up to USD 9999: 0%.
• Interest accrued on balances above USD 10,000: 0.1%.
• Interest payments are made monthly.
• Account information is available 24/7.

Fixed-rate term deposits

• Available account currencies: USD, CAD, EUR, GBP, and CHF.
• Minimum deposit amount required: USD 25,000.
• Deposit term: 1 to 5 years. Your interest rate will depend on the agreement type:
  • For deposits below USD 25,000: 0.10%. 
  • For deposits from USD 25,000 to USD 99,000: 0.25%. 
  • For deposits above USD 100,000: 0.50%.
• You can opt to receive interest payments monthly, quarterly, or annually. They are transferred to your checking or deposit account in the same offshore bank, or alternatively, in any other financial institution.

Lifestyle (savings) account

• Deposit currency: USD.
• Minimum deposit amount: USD 1000.
• Your interest rate will depend on the deposited amount:
  • For deposits below USD 25,000: 0.1%.
  • For deposits from USD 25,000 to USD 99,000: 0.25%.
  • For deposits above USD 100,000: 0.5%.
• Initial fee: USD 100.

Interest rates offered by the Belize offshore bank

Below, you will find money transfer fees and administrative charges offered by the Belize offshore bank in 2024:

• Cash deposits or withdrawals (with prior notice to be made two working days before the transaction): 3% of the transaction amount.
• International courier service: from USD 50.
• Domestic courier service: from USD 10.
• Account statement: USD 25.
• Internal bank transfer: USD 5.
• International transfers:
  • Incoming payments: USD 10 (this amount does not include any correspondent bank charges).
  • Outgoing payments: USD 100.

• Transfer tracking fee: USD 35 + foreign bank commission.
• Instant account statement or a copy thereof: USD 5.
• Reference letter and account balance certificate: USD 25 per document.

Compared to its multiple competitors, the Belize offshore bank requires a minimum document package to open an account for you. However, it has certain restrictions on the geographical location and residency status of its clients, which may limit access to banking services. For more details on the subject, please refer to the Offshore Pro Group article below: Open a Corporate Account with an Offshore Bank in Belize.

Documents you will need to open a corporate account in Belize

Please take note of the documents you will have to prepare and submit to set up a Belize corporate bank account:

• Completed and signed bank account opening forms, printed out.
• Notarized color copy of your foreign passport or equivalent identification document (including pages with your photo and signature).
• Notarized copy of your proof of residence (e.g., a utility bill).

NB: The document must be translated into English, apostilled, and notarized, with a date no older than two months from the day you submitted your document package.

• Recommendation letter from the bank to confirm professional relationships lasting more than one year.
• Recommendation letter from an expert (such as a notary or lawyer) certifying your relationship with them lasts more than one year.
• Notarized copy of your shareholder certificate (if shares are issued by the company), or trust deed if the company has any corporate shareholders.
• Notarized power of attorney authorizing you to open and manage a corporate account.
• Notarized copy of the general meeting minutes and the company’s articles of association, structure, and/or operating agreement.
• Notarized copy of the company’s Certificate of Incorporation.
• Notarized copy of the company’s Certificate of Good Standing, provided the company has been in existence for more than one year.
• Notarized copy of the company’s Memorandum and Articles of Association, Operating Agreement, or Bylaws.
• Certificate of Shareholders or Subscribers.

These documents must be prepared for each of the beneficial account owners, directors, signatories, nominees, and other official company representatives.

Besides, you are required to submit the company’s profile (which includes its turnover, operational regions, settlement system, and partners, preferably with a workflow diagram, etc.).

The time required to set up a corporate offshore bank account in Belize makes at least two weeks from the day Offshore Pro Group experts receive your payment and the complete document package sent by mail. For a more precise estimate, please get in touch with us after you submit your account opening application to the bank.

Steps to register a Seychelles company and open a Belize corporate bank account in 2024

1. Get in touch with us and say you are interested in establishing a company in Seychelles with a bank account in Belize.
2. We’ll offer you a professional consultation on opening a bank account and registering your company. Once we agree on the terms, we’ll sign an advisory service agreement with you.
3. As provided for thereunder, you will pay us for our assistance with company registration and account opening. The service fees start from 5899 USD. Feel free to use any of these methods to make the payment: your credit card, WebMoney, MoneyGram, Western Union, Bitcoin, or a bank transfer. 
4. Let us know if you require any additional services, and don’t forget to schedule a consultation if you do.
5. Provide our consultant with all documents necessary for company registration and account setup.
6. Upon document verification, we’ll proceed with the registration process. The time necessary to complete it typically ranges from 3 business days for company registration to 2 weeks for account opening.

Now that you have both a profitable company and a reliable bank account, you are welcome to fully immerse yourself in business activities.

Do you still have any questions left? Get in touch with the Offshore Pro Group team for a free consultation and explore our comprehensive turnkey service package.