As a licensed Corporate Service Provider, Sovereign is supervised by the same regulatory authorities as banks, electronic money institutions or money transmitters. Sovereign is therefore qualified to assist in the opening of corporate bank accounts worldwide and is able to streamline the increasingly difficult process of securing banking and credit card facilities for your yachting enterprise. It can also assist crew members with bank accounting opening, enabling them to access their money anywhere in the world.
Credit cards are commonly used to facilitate payments for costs incurred by yachts on an international basis. In addition to Sovereign’s own credit card services, the range of banks we work with can cater for any type of card facility available in the market.