Free Offshore Bank Account Mauritius — Crypto News

About the Bank:

State Bank of Mauritius Ltd (SBM) started operations in 1973 and was listed on the Stock Exchange of Mauritius in 1995. SBM is currently an integrated banking group offering a wide range of financial services including retail and corporate banking, currency and securities trading, leasing, security broking, fiduciary services and asset management.

Moody’s Investors Service continues to rate SBM the highest among its Mauritian peers: Baa1 for global local currency deposits, Baa1/P-2 for foreign currency deposits, and C- for bank financial strength ratings.

SBM is currently present in Mauritius, India and Madagascar and offers cross border finaning in non-presence countries to meet its customers needs. The Group services its client base through modern and secure electronic delivery channels. SBM has over 800 dedicated employees.

SBM awards:

“Bank of the Year — Mauritius” by The Banker in 2014
“Best Retail Bank in Africa” by African Banker Awards 2014
“Bank of the Year — Mauritius” by The Banker in 2013
“Best Bank, Mauritius : 2013” by Capital Finance International

“Best Bank in Mauritius” in the Euromoney Awards for Excellence 2013

Options:

WHAT STATE BANK OF MAURITIUS OFFERS:
Full range of banking services.
Personal, Corporate, International & Investment Banking.
Accounts in all major currencies.
Internet banking and Mobile banking.
Customer support in English and French.
E-commerce acquiring services.
POS acquiring services.
Full range of Visa and Master cards: debit/credit/prepaid, Visa Classic, Electron, Gold, Platinum, MasterCard Classic, Gold, Titanium.
Term deposits.
Private Banking.

The approximate timeframe for account allocation from 5 to 7 business days receipt of the original documents by the bank.

Requirements:

REQUIREMENTS FOR PERSONAL ACCOUNT SET UP WITH STATE BANK OF MAURITIUS:
Personal presence is not required.
Minimum balance is EUR/USD/GBP 5,000.
Initial deposit of EUR/USD/GBP 5,000
Account opening timeframe. The account will be activated within 5–7 business days, upon receipt by the bank of all duly completed forms and relevant information.
DOCUMENTS REQUIRED FOR OPENING OF A PERSONAL BANK ACCOUNT:
Notarized copy of valid passport. The passport must be signed and signature must match the signature in the application form. The photograph must be clear and of good quality.
Original or notarized copy of utility bill / bank statement dated within 3 months as verification of residential address.
Original or notarized copy of Lawyer’s/Banker’s/Accountant’s reference letter dated within 3 months.
Personal CV

PLEASE NOTE:

Documents that are not in English must be accompanied by a certified translation.

Requirements (Corp):

REQUIREMENTS FOR CORPORATE ACCOUNT SET UP WITH STATE BANK OF MAURITIUS
Personal presence is not required.
Minimum balance is EUR/USD/GBP 5,000.
Initial deposit of EUR/USD/GBP 5,000
Account opening timeframe. The account will be activated within 5–7 business days, upon receipt by the bank of all duly completed forms and relevant information.

DOCUMENTS REQUIRED
For the Company:
A set of legalized company documents consisting of:

Certificate of Incorporation
Memorandum and Articles of Associations
Documents confirming the appointment of company directors and secretary (if any)
document confirming the location of the registered office
Share Certificate(s)
Certificate of Good Standing if the company is more than 12 months old
Copy of the Corporate Structure, identifying the ultimate beneficial owner(s)
Valid License (if applicable)

For each director, shareholder, secretary, authorised signatory and ultimate beneficial owner:
Notarized copy of valid passport.
The passport must be signed and signature must match the signature in the application form. The photograph must be clear and of good quality.
Original or notarized copy of utility bill / bank statement dated within 3 months as verification of residential address.
Original or notarized copy of Lawyer’s/Banker’s/Accountant’s reference letter, dated within 3 months
Power of Attorney (where applicable)
Personal CV

For each corporate officer (Where the company directors or shareholders are legal entities), please provide:
A set of legalized company documents consisting of:

Copy of constitutional documents (Certificate of Incorporation, Articles, etc.).
Copy of Corporate Register (which shall include Register of Shareholders, Directors and Secretary).
Copy of the Corporate Structure.
Certificate of Good Standing.

PLEASE NOTE:

Documents that are not in English must be accompanied by a certified translation.
Once all documentation is available please email electronic copies to our representative for review; incomplete or unexecuted forms can create delays in the account opening process.

Howto?:

First you have to know the banks website: https://www.sbmgroup.mu

How to open the account: Please download the opening forms and follow the instructions from the bank here: https://www.sbmgroup.mu/online_apps.php?lang=en

After you returned the application forms with all necessary documents back to the bank, your account is set up after further 5–7 working days and you will get the access data by post delivered.

Your new Offshore bank account is from then on fully usable.

Important notes:

If the account opening documents provided are incomplete, unverified or are not clear they may have to request further information, documents or clarification from you before they can open your account.

As part of the process you will need to send personal information. It’s very important that you use real information. Don’t try to use questionable data. If you have some problem or a specific question the best is to contact them directly and let them know so they can help you.

For further questions regarding your account opening we ask you to contact the customer care center directly of the bank via:

E-Mail: sbm@sbmgroup.mu

Tel : (230) 202 1111

Originally published at https://cryptonomad.info on June 15, 2019.

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