African banking options for a foreign company (no travel) in 2022

pay fee by instalmentsbusiness setup without travelGuaranteed solutions

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

African banking options for a foreign company (no travel) Mozambique South Africa Kenya Zimbabwe Morocco Ghana Mauritius
Our recommendation in order of preference 1 2 3 4 5 6 7
Summary at a Glance
Does our Client needs to visit the Bank No No No No No No No
Bank account for a foreign company? Yes Yes Yes1 Yes Yes Yes2 Yes
Funds repatriation limits (currency controls) None Some None Many None None None
Initial deposit for a local currency corporate bank account No Yes No No No No MUR 25,000
Initial deposit US$ corporate bank account None None None US$500 None None US$10,000
Initial deposit € corporate bank account None None US$10003 None None US$1003 €10,000
Initial deposit for £ corporate bank account None None US$10004 None None US$1004 None
How long to receive bank account number 2 weeks 4 weeks 4 weeks 3 weeks 4 weeks 4 weeks 3 weeks
Dedicate relationship manager Yes Yes Yes Yes Yes Yes Yes
Our rating of the bank’s customer service Excellent Good Good Very Good Good Good Good
Internet banking available Yes Yes Yes Yes Yes Yes Yes
Us$ corporate cheque book Yes No Yes No Yes Yes No
Corporate ATM card Yes No Yes No Yes Yes Yes
Us$ Corporate Debit card (visa) Yes Yes Yes No No Yes Yes
Local currency corporate debit card (visa) Yes Yes Yes No No Yes Yes
Funds transfers transaction fees US$ 33 30 16 30 42 35 10
Internet banking
How long to receive password and login 1 week 2 weeks 2 weeks 1 week 2 weeks 2 weeks 2 weeks
Daily online transaction limit None None None US$10,0005 None None No
Can USD transactions be viewed Yes Yes Yes Yes Yes Yes Yes
Online local currency payments to third parties Yes Yes Yes Yes Yes Yes Yes
On line USD payments to third parties allowed Yes Yes Yes Yes Yes Yes Yes
Our rating of local currency internet banking Very Good Good Good Very Good Good Good Yes
Our rating of the USD internet banking facility Very Good Good Good Very Good Good Good Good
Bank logistics
Your dedicated bank officer will be Angela Andela Miss Samukelisiwe Ntinga Carol Lamba Arina Magumise Tapiwa Amine Benmassaoud Francis - Samuel Godwyll Oliver Muller
Email instructions to banker allowed6 Yes Yes Yes Yes Yes Yes Yes
Fax instructions to banker allowed Yes Yes Yes Yes Yes Yes Yes
Telephone instructions to banker allowed Yes Yes Yes Yes Yes Yes Yes

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