Al Salam Bank (ASBS)Corporate Account

Bank account opening in Seychelles with Al Salam Bank (ASBS) 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.

Please note: For the account opening procedure you will need to provide a full set of apostilled company documents if your company is registered outside of Seychelles.

About this Product >


  • Assistance with establishing of corporate bank account with full e-banking facilities.
  • Verifying your personal & corporate documentation.
  • Completion of the bank forms which will be forwarded to you for signing with relevant instructions.
  • Sending the full package to the bank for approval.
  • Monitoring the account opening process until account allocation and banking package is received.

We consider our service completed once you obtain the bank account number. Due to the bank-customer relationship, we will no longer be able to contact the bank on your behalf after the bank account is opened.



Assistance with obtaining of one Visa Debit Card
TOTAL: $600

Facts & Info for Al Salam Bank (ASBS)

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 has been successfully handed over to shareholders and the Central Bank of Seychelles has approved the rebranding of the bank as Al Salam Bank-Seychelles (ASBS). The bank is resuming 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.



  • Personal and Corporate accounts
  • 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


BMI Offshore Bank 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. The monthly account maintenance fee is USD 15.

  • 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.
  • Agent Legal 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.

  • Our Services & 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.


    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, Agent Legal 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 the invoice during checkout. Shipping costs for international courier services are set automatically and can vary from USD 75 to USD 95. The fees depend on the jurisdiction of your ordered company, the country where the bank is based as well as your destination country.

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