Seychelles employment visas

Support services provided for new business in Seychelles

  • Entrepreneurs interested in forming a business in Seychelles find migration to the country straightforward, thanks to Healy Consultants’ comprehensive relocation services. Our experts can help you obtain a visa following Seychelles company formation. We also help entrepreneurs of all nationalities and their families obtain permits to stay in the country. We are proud to say that our approval rate is still 100%. Our fee to assist our Client obtain a work permit is US$4,950;
  • Examples of business visas available to international entrepreneurs managing a corporation formed in Seychelles include i) the Occupation Permit (ideal for company directors, shareholders, investors and general managers and senior expatriate company employees including marketing manager, chief engineers) and ii) a Permanent Residence, which exempts the holder from needing to apply for any other type of work or residence permit. Healy Consultants assists Clients to obtain Dependents’ Visa for family members following Seychelles business formation.

Seychelles corporate banking options

business banking application in Seychelles

  • To receive the best internet banking and customer service after opening a company in the Seychelles, Healy Consultants recommends using the services of international banks MCB, BMI, Barclays for business operations. Local banks can be used where appropriate for starting a resident company in the Seychelles;
  • Healy Consultants can open an international corporate bank account within 2-3 weeks without the Client’s presence. Following bank account approval, the bank will directly and independently email our Clients the bank account number;
  • Opening an international bank account for a newly-incorporated Seychelles company is challenging. Most banks will require the company to have ‘substance’ in the Seychelles, or proof of business. That said, if the company can demonstrate substance and/or proof of business, opening an overseas corporate bank account can take as little as one month.
  • Seychelles banks provide full range corporate bank account facilities including multiple currencies, internet banking, telephone banking, checking accounts, savings accounts, debit cards, fixed term deposits and wealth management services;
  • If a registered business requires finance, banks may request the following: i) detailed business plan and feasibility study of setting up a company in Seychelles ii) presence of security iii) proprietors with sufficient knowledge/ experience iv) audited financial statements for past 3 years v) project evaluation (SWOT analysis);
  • BarclaysAn additional service provided for a Seychelles entity is the secured trade finance. This includes i) bank guarantees ii) letters of credit iii) finance against trust receipt iv) document against payment and against acceptance;
  • Seychelles corporate banking services are of an average standard;
  • There is no limitation on the inflow or outflow of funds for remittances of profits, debt service, capital, capital gains etc;
  • Seychelles’ currency is the Seychellois Rupee. The exchange rate is US$1=SCR12;
  • Healy Consultants will be pleased to open an international corporate bank account without our Client needing to travel. It is a time consuming task, and Healy Consultants will shelter our Client from the associated administrative challenges. As you can appreciate, it is a difficult task to obtain Seychelles bank account approval through a newly formed company, when shareholders and directors and bank signatories reside overseas. Healy Consultants will prepare a business plan for the bank to optimize the probability of corporate bank account approval;
  • BMI Offshore BankExamples for international corporate bank accounts include London, New York, Germany, Bulgaria, South Africa, Australia, or Dubai. Our fee for this service is US$3,950 without travel or US$2,550 with travel. All banks will be top tier banks in these countries with excellent internet banking services;
  • The banks enjoys ultimate power of approval of corporate bank account applications. Consequently, guaranteed success is outside of Healy Consultants’ control. What is inside our control is the preparation and submission of a high quality bank application that maximizes the likelihood of approval. To date, we enjoy a 100% approval record because of our global banking relationships and determination;
  • Global banks continue to tighten corporate bank account opening procedures, their internal compliance departments completing more thorough due diligence of Clients. Consequently, our Clients should expect the bank account approval period to take up to 4 weeks. Furthermore, global banks now require evidence of proof of business in the country where the corporate bank account will be, including sales contracts or lease agreement.

Refer to the table below for Seychelles business banking options:

Summary at a glanceBMI
MCB SeychellesBarclays SeychellesNouvobanq
Does our Client needs to visit the bankNoNoNoNo
Initial deposit for a local currency corporate bank accountN/ASCR100SCR15,0000
Initial deposit for a US$ currency corporate bank accountUS$5,000US$200US$100,0000
Time it will take to open corporate bank account5 days10 days10 days10 days
Bank facilitiesBMI
MCB SeychellesBarclays SeychellesNouvobanq
Our rating of the bank’s customer serviceAveragePoorPoorPoor
Internet banking availableYesYesYesYes
Corporate cheque bookNoYesYesYes
Corporate ATM cardYesYesYesYes
Corporate debit card (visa)YesYesYesYes
Corporate credit cardNoNoNoNo
Internet bankingBMI
MCB SeychellesBarclays SeychellesNouvobanq
How long to receive password and login name2 weeks2 weeks2 weeks2 weeks
Daily online transaction limitNo limitNo limitNo limitNo limit
Can local currency transactions be viewedYesYesYesYes
Can USD transactions be viewedYesYesYesYes
Online local currency payments to third parties allowedN/AYesYesYes
Online USD payments to third parties allowedYesYesYesYes
Our rating of local currency internet banking facilityN/AFairFairFair
Our rating of the USD internet banking facilityFairFairFairFair
Bank logisticsBMI
MCB SeychellesBarclays SeychellesNouvobanq
International branch locationsClick hereClick hereClick hereClick here

Frequently asked questions

Contact us

For additional information on our company formation services in Seychelles, please contact our in-house country expert, Ms. Grace Odhiambo, directly:
client relationship officer - Grace
  • Ms. Grace Odhiambo
  • Client Engagements Manager
  • Contact me!