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Seychelles company + Cyprus bank account is best solution or not?

One issue with the banking in the Seychelles may the high deposit that need to be made when opening an account there, for companies it is USD 100k and for personal accounts it is USD 50k.
 
dolmen said:
Can we use another bank rather than Cyprus and Seychelles?
You can use any bank you like, there are plenty of options available around i.e. Mauritius, Latvia, Russia etc.