Foster Swiss is the financial consultancy of choice worldwide. We are aware of how difficult and time consuming it can be to open a bank account in a foreign country. Our team is specialized in opening bank accounts.

The beautiful and happy island paradise of Vanuatu is located in the Oceanic Melanesia region, specifically east of Australia, west of Fiji and south of the Solomon Islands. Vanuatu creates a congenial environment for an offshore financial sector. The Reserve Bank in Vanuatu is the governing body in financial and banking matters, supervising through the Financial Institutions (Banking) Act, International Banking Act.

Vanuatu's financial system consists of the national bank, the Reserve Bank, commercial banks and the offshore banking sector. The commercial banks present in Vanuatu are authorized to offer services to residents and internationally through representatives, consultants and branches.

The offshore banking sector in Vanuatu is small. However, for the most part local and international banks operating in the Vanuatu financial system can offer remote banking services, minimum account balances, and for companies that need to handle Euros and the SEPA system, it would be ideal to open a corporate account.

The requirements to be taken into account when opening a multi-currency corporate account are a minimum deposit of 1500 Euros, all the legal documentation for incorporation and registration of the company, as well as a brief description of the business plan, partners and contracts and a minimum of 20 days waiting for approval.

BRED (Vanuatu) Limited and Pacific Private Bank with its offices in Vanuatu stand out as the most recognized and most used banks by international companies when opening corporate accounts.

Foster Swiss experts will take care of everything and the whole process, always offering you the best personal and corporate banking solutions that best suit your needs.

For more information on this topic or any other requirements related to our services, please contact us directly at info@fosterswiss.com. Consult a financial advisor for more information.