Seychelles Offshore International Business Companies Information
| Key Company Features | |
| Type of entity | IBC |
| Type of law | Hybrid |
| Shelf company availability | Yes |
| Our time to establish a new company | 2 days |
| Minimum government fees excluding taxation | US$100 |
| Corporate taxation | Nil |
| Double taxation treaty access | No |
| Share capital or equivalent | |
| Standard currency | US$ |
| Permitted currencies | Any |
| Minimum paid up | US$1 |
| Usual authorised | US$100,000 |
| Directors or Managers | |
| Minimum number | One |
| Local required | No |
| Publicly accessible records | No |
| Location of meetings | Anywhere |
| Members | |
| Minimum number | One |
| Publicly accessible records | No |
| Location of meetings | Anywhere |
| Company Secretary | |
| Required | No |
| Local or qualified | No |
| Accounts | |
| Requirement to prepare | Yes |
| Audit requirements | No |
| Requirement to file accounts | No |
| Publicly accessible accounts | No |
| Other | |
| Requirement to file annual return | No |
| Change in domicile permitted | Yes |
Setup And Maintenance Costs
Incorporation (Setup) Costs - US$900 (+ US$500 nominee director if required)
The fee is all inclusive, no hidden costs.Annual Maintenance Costs - US$500 (+ US$500 nominee director if required)
The fee is payable after the first year and covers annual taxes, registered agent and nominees. No hidden costs.
Our company kits are always delivered with the same documents and may vary slightly from jurisdiction to jurisdiction.
Our Seychelles corporate kits are delivered with the following documents:
- Certificate of Incorporation (Notarized and legalized by Apostille)
- Memorandum & Articles of Association (Notarized and legalized by Apostille)
- Subscriber´s Resolution (Notarized and legalized by Apostille)
- Nominee director (when applicable)
- Nominee shareholder (when applicable)
- Shareholder certificate(s)
- 1 Power of Attorney (Notarized and legalized by Apostille)
- Trust agreement (when applicable)
- Minutes and / or board resolutions when requested
Company Information
Seychelles International Business Companies are useful alternatives to offshore companies established in jurisdictions such as the British Virgin Islands. In December 1994 the Seychelles enacted legislation enabling the registration of International Business Companies, International Trusts and the licensing of International (free) Trade Zone Companies. More recent legislation covers the licensing of offshore banks, offshore Insurance, mutual funds activities and the regulating of a securities industry. The new laws were a result of intensive studies of long established offshore jurisdictions and world-wide trust legislation. Although not dissimilar to those of the well-established offshore jurisdictions such as the Cayman, the laws take a most comprehensive, modern and attractive approach to the establishment and operation of offshore companies, mutual funds, offshore banking, offshore insurance and freeport activities. Seychelles is one of the fastest IBC registrar in the world. The International Business Companies Act, 1994, governs the operations of offshore companies. The registration process in Seychelles is straightforward.
Type of Company for International Trade and Investment The Seychelles
International Business Company.Procedure to Incorporate
Filing of Memorandum of Incorporation at the Registry. The Articles of Association can be filed either at the same time or within 30 days of incorporation.Restrictions on Trading
Cannot trade within the Seychelles or own real estate there. Cannot undertake the business of banking, insurance, assurance, reinsurance, fund management, asset management (other than the company's own assets) or any other activity that would suggest an association with the banking and insurance industries. A Seychelles IBC cannot provide registered office facilities in the Seychelles, or sell its shares to the public.Powers of Company
A Seychelles incorporated Company has the same powers as a natural person.Language of Legislation and Corporate Documents
English or French. If any other language is used it must be accompanied by a translation in either English or French.Registered Office Required
Yes, must be maintained in the Seychelles at the office of a licensed Registered Agent.Shelf Companies Available
Yes.Time to Incorporate
Two days.Name Restrictions
Anything identical or similar to a company already incorporated. Anything that implies patronage of the Seychelles, or any other government, insurance, royal, imperial or any other name that may imply that a company intends to undertake a licensable or undesirable activity.Language of Name
The name can be in any language, but must be accompanied by a translation in English or French. The documentation will either be in English, or it is possible to have bilingual documentation in English and Chinese or any other language accompanied by a translation in English or French.Suffixes to Denote Limited Liability
Limited, Corporation, Incorporated, Société Anonyme or their abbreviations. A wide variety of other suffixes such as BV, GmbH, and SARL may also be used.Disclosure of Beneficial Ownership to Authorities
No.Compliance
Authorised and Issued Share Capital
Seychelles IBCs are normally incorporated with an authorised share capital of US$100,000 with par value. This being the maximum for the minimum licence fees. The authorised share capital may be expressed in any currency. The minimum issued capital is either one share of no par value or one share of par value.Classes of Shares Permitted
Registered shares, bearer shares, shares of no par value, preference shares, redeemable shares and shares with or without voting rights.Taxation
An International Company is exempted from local taxation.Licence Fees
For an Authorised Capital of up to US$100,000 the annual licence fee is US$100.Over US$100,000 Authorised Capital the annual licence fee is US$1,000.
Financial Statement Requirements
There is no requirement to file financial statements, but a company must keep records to reflect its financial position.Directors
The minimum number of directors is one, who may be a natural person or a body corporate. They may be of any nationality and need not be resident in the Seychelles.Company Secretary
A Seychelles IBC need not appoint a company secretary, although it is customary to do so. The secretary may be a natural person or body corporate, be of any nationality and need not be resident in the Seychelles.Shareholders
The minimum number of shareholders is one.Other Facilities Available in Seychelles
In addition to a modern suite of corporate legislation the Seychelles benefits from a range of other facilities including:
- Trust legislation.
- Efficient aircraft and shipping registration.
- Provision for the formation and domiciliation of mutual funds and captive insurance companies
- An International Trade Zone for manufacturing and service companies, benefiting from zero taxation, streamlined application procedures and the ready availability of work and resident permits.
General Information
The Seychelles group of islands in the Indian Ocean comprises over one hundred named islands, most being situated between four and five degrees South of the equator. The largest island is Mahé.
