Corporate banking options in 2024

pay fee by instalmentsbusiness setup without travelGuaranteed solutions
  • The bank account opening process in Mozambique is a fast and easy affair, and with the right bank, can take not more than two weeks to complete. Healy Consultants can open a non-resident corporate bank account with a top tier international bank for a foreign company without having to set up a local company;
  • Banks in Mozambique provide full range of corporate bank account facilities including multiple currencies, internet banking, telephone banking, checking accounts, savings account, debit and credit cards, brokerage services and wealth management services;
  • UBA bankBanking services is generally of poor quality in Mozambique. To receive the best Internet banking and customer service, Healy Consultants recommends using the services of international banks for most corporate bank account solutions following Mozambique business formation. Local banks can be used where appropriate for the company. Local banks in Mozambique include Moza Banco, BancABC, Banco Terra, First National Bank and United Bank of Africa. Our fee for such service is US$4,950;
  • Healy Consultants’ Compliance Team can additionally open an international corporate bank account within 3 weeks of Mozambique company formation. There is a chance that the Client will have to travel in order to open the account, though Healy Consultants makes every effort to minimize this probability. Following bank account approval, the preferred bank will directly and independently email our Clients the corporate bank account number;
  • Ecobank - the pan african bankTo support Mozambique business formation, Healy Consultants assists Clients with trade finance tasks including i) bank guarantees ii) letters of credit iii) finance against trust receipt iv) document against payment and against acceptance;
  • Healy Consultants assists in securing corporate finance in the form of a loan, overdraft, or simply preferential credit terms following Mozambique formation;
  • There is no limitation on the inflow or outflow of funds for remittances of profits, debt service, capital, capital gains, and returns on intellectual property or imported inputs;
  • Standard bankMozambique currency is the Mozambican metical and it has a current exchange rate of MZN 31.44 = US$1;
  • Healy Consultants can open a local corporate bank account for a foreign company. Many of our Clients use a local corporate bank account to receive payments and pay suppliers without the need to register a local company. Our fee for this service will be US$4,950.

View all African banking options for a foreign company (without travel).

Frequently asked questions

Contact us

For additional information on our company formation services in Mozambique, please contact our in-house country expert, Mr. Kunal Fabiani, directly:
client relationship officer - Kunal
mozambique-ccmusa mozambique-mf mozambique-cpi