from $900

Al Salam Bank (ASBS)

Corporate Account Opening in Seychelles

Assistance with opening of a corporate bank account with Al Salam Bank Seychelles (formerly known as BMI Offshore Bank) including Internet Banking facilities for legal entities.

Online Banking

Credit Card

Debit Card

Pre Paid Card


Min. Balance

7-10 days

Processing Time



Find Out if you are Pre-Approved

The information you provide will allow us to obtain approval for your account as quickly as possible. Please proceed to the buying process and you will get the Pre-Approval Form Application in your Purchases. Please answer each question fully and in detail. Your application may be delayed if the form is incomplete.
TOTAL: $100


  • Requirements


    • Personal presence is NOT required
    • Minimum deposit and minimum balance requirements of USD 25,000
    • Account opening timeframe. The account will be activated within 7 - 10 business days, upon receipt by the bank of all duly completed forms and relevant information.

    Please Note: Online Activities are not accepted.


    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.

    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.


    If you conduct any activity without a required license or authorization granted by a relevant authority in any jurisdiction, STARTING BUSINESS will not be able to assist you with the company formation or bank account opening related to such unlicensed activity.

    Licensable activities include, but not limited to: provision of financial services involving trading/brokerage in foreign exchange, financial and commodity-based derivative instruments and other securities; offering investment advice to public; insurance and banking business; operation and administration of collective investment schemes and mutual funds; payment processing services; money exchange, money transmission or money brokering; asset management; safe custody services; gaming, gambling and lotteries.

    Please contact us if you need our assistance in licensing of your financial, Forex brokerage or gambling company.


    Shipping of corporate documents or banking kits to your destination requires an extra charge and will be automatically added to your order during checkout. Shipping costs for international courier services are set automatically depending on geographic zones.

  • About the Bank

    BMI Offshore was first registered in Seychelles in July 2008 as a joint venture between BMI Bank in Bahrain and the Seychelles-based bank Nouvobanq. After the bank's reorganization, the Al Salam Bank of Bahrain came in as the new shareholder of BMIO after it acquired BMI Bahrain, the former 50 percent shareholder of the bank, in 2014. In May 2015 the BMI Offshore Bank Seychelles was successfully handed over to shareholders and the Central Bank of Seychelles approved the rebranding of the bank as Al Salam Bank-Seychelles (ASBS). The bank resumed regular operations after being acquired by a new joint venture between ASBB, as a 70% shareholder, and Seychelles Pension Fund (SPF), as a 30% shareholder, with a total paid-up capital of US$4.834 (SCR63.9 million). The majority shareholder, ASBB, is a leading full serviced commercial bank offering Shari’a-compliant products headquartered in the Kingdom of Bahrain. The Bahrain-based bank was established in 2006 with a paid up capital of US$318 million (SCR4.2 billion).

    ASBS bank is regulated by the Central Bank of Seychelles and licensed to conduct offshore banking business for both corporate and private customers around the world. The license to conduct offshore banking business is only the 2nd such license issued by the Central Bank of Seychelles in the last 7 years.

    The Bank of Baroda is ASBS's foreign correspondent bank through its branches in New York, London and Frankfurt for dollar, pounds sterling and euro currency transfers.

    ASBS Bank currently offers its customers a range of products and services including current & term deposit accounts, internet banking, and personal relationship managers.

  • Facilities


    • Personal and Corporate accounts
    • View access internet banking
    • Debit Visa card in EUR & USD
    • Accounts in GBP, USD, EUR
    • No fees for inward transfers & competitively priced transfer charges
    • Free monthly or quarterly bank statements
    • Customer support in English and French


    Al Salam Bank- Seychelles can be considered as a medium-cost bank with respect to incoming/outgoing payments and account maintenance. Depending on the amount of transfer and date, the incoming and outgoing charges will vary from USD 50 – USD 150 + correspondent charges. The monthly account maintenance fee is USD 20.

    PLEASE NOTE that bank tariffs may be changed anytime at the sole discretion of the bank, we therefore suggest to contact us or visit the bank’s website for updated details on specific fees and charges.

    STARTING BUSINESS professional service fee for the assistance of bank account opening does not include any bank charges and commissions, account maintenance fees, transaction fees, initial deposit or minimum balance.