Overview

• ABC Banking Corporation Ltd is a full-service commercial bank based in Mauritius, licensed by the Bank of Mauritius since 2010. It is a subsidiary of the ABC Group, one of the country’s oldest and most diversified conglomerates. The bank offers a wide range of services including domestic banking, international (offshore) banking, treasury and forex, and private banking. Headquartered in Port Louis, it also has international offices in Hong Kong and Dubai. ABC Bank supports personal, corporate, and offshore accounts with digital banking solutions and remote account opening.

Services Offered

Account Types: Personal, Business, and Offshore Accounts

Currencies Supported: USD, EUR, GBP, MUR, and others

Banking Services:
  Current and Savings Accounts
Fixed Deposits and Call Accounts
Debit and Credit Cards (Visa)
Online and Mobile Banking
Loans: Personal, Housing, Business, and Leasing
Treasury & Forex: FX trading, hedging, money market
Trade Finance: LCs, bank guarantees, invoice discounting
Merchant Services & Mass Payments
Private and Wealth Banking Services

Required Documentation for Bank Account Opening

A. For Individuals (Personal Account)

• Valid Passport (certified true copy)
• Proof of Address (e.g., utility bill or bank statement – not older than 3 months)
• Bank Reference Letter or Professional Reference
• Completed Account Opening Form
• KYC/AML Forms (as required by the bank)
• Source of Funds Declaration (e.g., payslips, investment docs, tax return)

B. For Companies / Legal Entities (Corporate/Offshore Account)

• Certificate of Incorporation
• Memorandum & Articles of Association
• Business License or Company Profile
• Board Resolution authorizing account opening
• List of Directors & Shareholders
• Proof of Registered Address
• Passport copies and proof of address of all directors/UBOs (>25%)
• Tax Identification Number (TIN) if applicable
• Bank/Professional Reference for each director/shareholder
• Source of Funds and Source of Wealth documentation
• KYC Forms, FATCA/CRS declarations

Note: All documents may need to be notarized or certified, and additional documents may be requested depending on the applicant’s profile and risk level.

Account Opening Process

1. Document Submission
    ● Provide required KYC documents (passport, proof of address, company documents if applicable)
   ● Complete account application and due diligence forms
2. Compliance Review
    ● Bank performs KYC, AML, and risk assessment checks
   ● Additional information or clarification may be requested
3. Approval
    ● If approved, the bank will issue account details (IBAN, account number, etc.)
   ● This typically takes 5–7 business days (may take longer for offshore entities)
4. Initial Deposit (if required)
   ● Fund the account (no large minimum deposit usually required unless specified)
5. Account Activation
    ● Full access to internet/mobile banking, cards, and other services provided

Bank of ABC Bank Account Opening Summary