Zetland Customers to Enjoy 'Domestic' Bliss Doing Business with SEPA Countries

Top Quote The creation of a Single Euro Payments Area has been vocally advocated in recent years. SEPA's rollout is close to being complete, and Zetland Corporate Services says its creation will make offshore bank account opening an even more attractive option for organizations. End Quote
  • (1888PressRelease) July 22, 2009 - Zetland Corporate Services, a leading global business consultancy service, sees the SEPA system as a boon not just to IBCs in EU member states, but to corporate offshore banking and offshore business in general.

    SEPA refers to the Single Euro Payments Area, a system which will effectively erase banking and economic borders for companies moving money around the EU.

    SEPA will impact all banks in:
    • The 27 EU member states
    • The European Economic Area countries - Liechtenstein, Iceland and Norway
    • Switzerland
    • Monaco

    SEPA benefits first began being introduced in January 2008, with the rollout of the SEPA credit transfer. SEPA Direct Debit will be introduced in November 2009, and electronic debit cards will be available before 2011.

    "SEPA won’t only make corporate offshore banking easier within Europe, but across the entire world. Any transaction with any of the EU member states or the additional SEPA states will be greatly simplified", said Jason Weatherhead of Zetland Corporate Services.

    SEPA's benefits include:
    • Lower banking charges across Europe
    • Better payment automation
    • Streamlined account structures
    • Usage of one common format, single file for payments and receivals

    "The simplification reduces barriers to international trade in general, and makes offshore bank account opening a less daunting and more attractive prospect", Mr. Weatherhead continued.

    About Zetland Corporate Services:
    The Zetland Financial Group - - provides the offshore investor with fiduciary Services, investment management and corporate advisory services, offering personal service and professional advice with total confidentiality.

    For more information please contact:
    Jason Weatherhead
    Zetland Fiduciary Group
    Email: jason ( @ ) zetland dot biz

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