African banking options for a foreign company (no travel) in 2023

pay fee by instalmentsbusiness setup without travelGuaranteed solutions

Since 2003, Healy Consultants Group opens corporate bank accounts in every country on the planet, without travel.

African banking options for a foreign company (no travel)MozambiqueSouth AfricaKenyaZimbabweMoroccoGhana
Our recommendation in order of preference123456
Summary at a Glance
Does our Client needs to visit the BankNoNoNoNoNoNo
Bank account for a foreign company?YesYesYes1YesYesYes2
Funds repatriation limits (currency controls)NoneSomeNoneManyNoneNone
Initial deposit for a local currency corporate bank accountNoYesNoNoNoNo
Initial deposit US$ corporate bank accountNoneNoneNoneUS$500NoneNone
Initial deposit € corporate bank accountNoneNoneUS$10003NoneNoneUS$1003
Initial deposit for £ corporate bank accountNoneNoneUS$10004NoneNoneUS$1004
How long to receive bank account number2 weeks4 weeks4 weeks3 weeks4 weeks4 weeks
Dedicate relationship managerYesYesYesYesYesYes
Our rating of the bank’s customer serviceExcellentGoodGoodVery GoodGoodGood
Internet banking availableYesYesYesYesYesYes
Us$ corporate cheque bookYesNoYesNoYesYes
Corporate ATM cardYesNoYesNoYesYes
Us$ Corporate Debit card (visa)YesYesYesNoNoYes
Local currency corporate debit card (visa)YesYesYesNoNoYes
Funds transfers transaction fees US$333016304235
Internet banking
How long to receive password and login1 week2 weeks2 weeks1 week2 weeks2 weeks
Daily online transaction limitNoneNoneNoneUS$10,0005NoneNone
Can USD transactions be viewedYesYesYesYesYesYes
Online local currency payments to third partiesYesYesYesYesYesYes
On line USD payments to third parties allowedYesYesYesYesYesYes
Our rating of local currency internet bankingVery GoodGoodGoodVery GoodGoodGood
Our rating of the USD internet banking facilityVery GoodGoodGoodVery GoodGoodGood
Bank logistics
Your dedicated bank officer will beAngela AndelaMiss Samukelisiwe NtingaCarol Lamba ArinaMagumise TapiwaAmine BenmassaoudFrancis - Samuel Godwyll
Email instructions to banker allowed6YesYesYesYesYesYes
Fax instructions to banker allowedYesYesYesYesYesYes
Telephone instructions to banker allowedYesYesYesYesYesYes

Notes

  1. The foreign company must register with the Kenyan registrar of companies and obtain a certificate of compliance;
  2. The foreign company must register with the Ghanaian registrar of companies and appoint a local agent to act as a representative of the foreign company;
  3. Equivalent in €;
  4. Equivalent in £;
  5. The Client is however to observe the international anti money laundering regulations;
  6. The Client is to indicate on the application form, the mode of communication they will use when engaging the bank.

Contact us

For additional information on our banking services in Africa, please contact our in-house country expert, Mr. Simon Guidecoq, directly:
client relationship officer - Simon