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Seychelles offshore banking is best explained by the seeing the list of information that is required by a Seychelles bank to open an account for your offshore company.

A Typical Bank Account Application Form Will Require The Following Details:

01 Type of Account: Corporate / Personal

02 Type of Business: Limited Companies, Companies, Clubs, Associations and Societies

03 Name of Business

04 Country of Incorporation / Registration

05 Name of Signatories and authority given to them

a. to sign this Agreement

b. to enter into any other agreement with the bank for banking products or services with they consider to be in the interests of the Business from time-to-time; and

c. To give instructions to the bank and set up security procedures for giving instructions by telephone.

Including the account type.

06 To agree and accept on behalf of the business:

a. Accept the banks terms and conditions

b. that requests for new accounts shall be in accordance with the mandate held with the bank

c. Bank standard terms and conditions

d. Authority for transfer instructions.

e. Various indemnity covering transfer instructions, checks payable abroad

f. To allow the bank to get credit reference about the person opening the account.

07 The combination of individual / s authorized to give instruction to Bank are:

a. Account operating signatures: Singly, jointly, with limits

08 Information Memorandum

a. Business Name:

b. Registered Office Address:

c. Contact Details: the account holder’s or any others: Phone, fax, email,

d. Correspondence Address/Statement Address

e. Share Capital

09 Banking requirements

a. Currency Required

b. Frequency of Statements

10 Business details

a. Full description of main activities/trade of the company. [Specific]

b. Description of the operation of the business

c. How and where the income to this account will be derived.

d. Any additional useful information:

i. Website Address

ii. Brochures

iii. Publicity Material

iv. Business Plan

11 Source of Funds

a. Please specify where funds to this new account will come from.

b. Specific company names/ individuals if known

12 Specify the countries of operation

13 Expected annual turnover

14 Frequency and size of annual payments into the account.

15 Beneficial Owners.

16 Declaration regarding Money Laundering:

a. We hereby confirm that to the best of our knowledge the company is not and will not be involved in

i. Money Laundering,

ii. Drug Trafficking or

iii. Terrorist Activities.

There are a few other issues related to Seychelles offshore banking that every one wants answers to and I am mentioning them below:

1. Due Diligence

To open a corporate account for an offshore company, all reputable banks including those providing Seychelles offshore banking, will require detailed personal and business information from the owners and controllers of the offshore account.

* Identify the actual beneficial owner of the offshore company. All owners and controllers of the IBC, as well as everyone who will be granted account signatory rights, need to be properly identified and have to provide a number of documents, such as

- a certified passport copy,

- a bankers and/or professional reference,

- a detailed business description and

- a cash flow forecast.

These requirements may vary in details, but their general scope remains fairly similar to most offshore banks, not just in Seychelles offshore banking. Utilizing appointed directors and nominee shareholders is certainly helpful in respect of avoiding unnecessary public scrutiny, however these confidentiality functions are fairly irrelevant in Seychelles offshore banking account openings.

Any bank will primarily be interested to establish the actual, real owners of the company, and will not be satisfied by merely getting the data on appointed managers or representatives.

2. Anonymous accounts at Seychelles offshore banking?

There is no such thing as ‘anonymous accounts’! All banks are required by law to know their clients in very comprehensive detail. While account introduction through an approved intermediary (like us) is still possible without the personal appearance of the owner of the company, banks still want to know their clients and their business dealings in great detail. This is simply required by the laws, that have become stricter after 9/11, that regulate banking industry and there are no exceptions.

3. Seychelles offshore banking secrecy:

While the banks are required to know their clients in detail, banking secrecy remains a fundamental cornerstone in all offshore financial centers, and certainly in Seychelles! The banking secrecy regulations stipulate that all information relating to the client must remain strictly confidential.

Any confidential banking and personal information may only be divulged if demanded so by a Seychelles court ruling. Such ruling, naturally, would have to be based on extremely serious circumstances under the applicable criminal laws in Seychelles, and following a proper criminal investigation, carried out domestically in Seychelles.

Information sharing, reporting or any kind of release of confidential banking information to any foreign party or foreign government is strictly prohibited. Severe financial and criminal penalties await anyone who divulges client information, and is applicable to both the bankers and the registered agents.

The War of the Worlds (1898) is a science fiction novel by H. G. Wells describing an invasion of late Victorian England by Martians equipped with advanced weaponry. It is a seminal depiction of an alien invasion of Earth.

The novel is narrated by an unnamed writer of scientific articles. Throughout the narrative he struggles to reunite with his wife, while witnessing the Martians rampaging through the southern English counties.

The plot has been related to invasion literature of the time. The novel has been variously interpreted as a commentary on evolutionary theory, British imperialism, and generally Victorian fears and prejudices. At the time of publication it was classed as a scientific romance. Since then, it has influenced much literature and other media, spawning several films, radio dramas, comic book adaptations, a television series, and sequels or parallel stories by other authors.

This novel was further narated by many authers. the major part of all is its influence, If I catagoies its infulence it must be in 3 catagories Mars and Martians, Aliens and alien invasion, Tripods. It also have many interpretations like interpretated in Natural selection, Human evolution, Colonialism and imperialism, Social Darwinism & Religion and science.

The War of the Worlds Novel General Information:

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Author                  –             H.G. Wells

Country                —             England

Language             –             English

Genre(s)               –             Science fiction novel

Publisher              –             William Heinemann

Publication date   –            1898

Media type           –             Print (Hardcover & Paperback) & E-book

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First live tour, based on the album, took place in the UK and Ireland in April 2006. 2008 marked the 30th anniversary of the original album release and saw a “30th Anniversary” tour which started on 7 June 2009 in Dublin, Ireland. Jeff Wayne’s War of the Worlds will again be live for 2010 in major arenas around UK(Great Britan).

If technological revolution is at its peak, One of the notable sectors of the economy where technology is at it helm of affairs with respect to customer service is BANKING. Over the years has banking transcended from a traditional brick-and mortar model of customers queuing for services in the banks to modern day banking where banks can reach at any point for their services. In today’s business, technology has been on the predominant indicators of growth and competitiveness. Entry of new banks resulted in a paradigm shift in the ways of banking. The banking industry today is in the midst of an IT revolution. The combination of regulatory and competitive reasons have led to increasing importance of total banking automation in the banking Industry. . Information Technology has basically been used under two different avenues in banking. One is Communication and Connectivity and other is Business Process Reengineering, both basically focusing on increasing its customer reach. Information technology enables sophisticated product development, better market infrastructure, implementation of reliable techniques for control of risks and helps the financial intermediaries to reach geographically distant and diversified markets The latest revolution seems to happen with respect to mobile banking an attempt to leverage on the synergies of mobile banking technology in telecom and information technology in the banking services.Today, Banks have welcomed wireless and mobile technology into their boardroom to offer their customers the freedom of paying bills, planning payments while stuck in traffic jams, to receive updates on the various marketing efforts while present at a party to provide more personal and intimate relationships. Mobile banking can be classified as Push vs. Pull and Transaction vs. Enquiry that is briefly given below:

o Push Based

o Pull Based

o Transaction

Some of the other features where mobile banking has lent its hand are Fund Transfer & Bill Payment where the customers have the freedom of maintaining account through mobile. Mobile banking has also welcomed other financial services likeshare trading. The latest Information technology revolution enables sophisticated Enquiry Based banking services for Credit/Debit Alerts.

Some of the other outcomes of the Revolution in the banking industry are Minimum Balance Alerts, Account Balance Enquiry, Account Statement Enquiry, Cheque Status Enquiry, Cheque Book Requests and Bill Payment Alerts. The last time that technology had a major impact in helping banks service their customers was with the introduction of the Internet banking. However the biggest limitation of Internet banking is the requirement of a PC with an Internet connection, not a big obstacle if we look at the US and the European countries, but definitely a big barrier if we consider most of the developing countries of Asia like China and India. Mobile banking addresses this fundamental limitation of Internet banking, as it reduces the customer

Requirement to just a mobile phone. Mobile usage has seen an explosive growth in most of the Asian economies like India, China and Korea. The main reason that Mobile banking scores over Internet banking is that it enables ‘Anywhere Banking’. Customers now don’t need access to a computer terminal to access their banks, they can now do so on the go – when they are waiting for their bus to work, when they are traveling or when they are waiting for their orders to come through in a restaurant.The scale at which Mobile banking has the potential to grow can be gauged by looking at the pace users are getting mobile in these big Asian economies.

Revolution of Mobile phones in banking services:

According to the Cellular Operators’Association of India (COAI) the mobile subscriber base in India crossed the 50 million mark in October 2005, which stood at 50.87 million. The explosion as most analysts say, the worldwide number of cellular subscribers will surpass 2 billion in 2005—up from 11M in 1990 and 750M in 2000. Worldwide cellular subscribers are forecasted to reach 3.2B by the end of 2010.Among the leaders in mobile technologies, most aggressive being Korea which is now witnessing the roll-out of some of the most advanced services using 3G technologies, like using mobile phones to pay bills in shops and restaurants. The growth of mobile technology over the last few years has enriched the progress of the mobile banking services. Technologies like IVR, SMS, WAP, J2ME, and J2EE & BREW have revolutionized the use the mobile phones in banking services. Though all the above predictions on cellular base, the Use of mobile technology with respect to banking services is at a very infant stage.

There are a lot of challenges and issues relating to content, security, coverage, technology and connectivity speed are to be sorted out with respect to mobile banking technologies.

Objectives of the Report:

1. To study the technological readiness in relation to the challenges faced by the players particularly the banks with respect to mobile banking in order to enhance global competitiveness by embracing technology and banking services.

2. To study and awareness, expectation and acceptance levels of the

Customers with respect to its use and effectiveness

o2 mobile phones