Principality Notice
PN 020/04: Establishment of State Bank
1 March 2004
According to State Decree 2032 dated 9 July 2002, a central State Bank, the Royal Bank of Sealand, has been established for the regulation and licensing of financial business within the Principality and for managing the State economy. The Comptroller of the Royal Bank, Mr. Jean-Michel Sporn, was appointed by the Head of State in April of 2003.
Mr. Sporn has asked the Office of the Head of State to give notice that the Royal Bank is now fully in operation from its principal office at 5, The Row, Sealand 1001 and from its Bureau of Representation located at 7, rue des Alpes, PO Box 1009, Geneva 1, Switzerland CH-1211. Details of its activities and other information will be available on this government web site soon.
The Royal Bank has licensed Goldrain Bank Ltd to conduct business under State Decree 2010, and this bank is also operational from its offices in the Principality and its Bureau of Representation in Geneva located at 7, rue des Alpes, PO Box 1009, Geneva 1, Switzerland CH-1211.
Further details from the offices above or by e-mail to royalbank@sealandgov.org. Enquiries of a general nature may be addressed to the Office of the Head of State (hos@sealandgov.org), Principality of Sealand, SEALAND 1001 (c/o Sealand Post Bag, IP11 9SZ, UK).