Seychelles

Offshore IBC Company

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Company Formation in Seychelles

The Republic of Seychelles is an island country spanning an archipelago of 115 islands in the western Indian Ocean. Mahe is the largest island where is located the capital called Victoria. The Seychelles gained independence from Britain in 1976 and now has a stable, democratic government. The official languages are English, French and Seychellois Creole. However English remains the language of the government and business.

Since the introduction of the International Business Companies Act in 1994 the Seychelles has grown into a competitive location for offshore company incorporations.

As one of the most stable socio-economic regions in the world the Seychelles is a highly regarded jurisdiction in which to conduct international business activities.

Some EU states and other large economy states have Tax Treaties with Seychelles – for example Cyprus, Netherlands, Belgium, Luxemburg, Singapore, China, South Africa, Qatar, UAE.

Seychelles IBC is a popular choice because of its low cost incorporation fee, administrative ease, privacy features and tax exempt status.

Companies that do not derive any income from sources in Seychelles are not subject to tax.

Advantages of company incorporation in Seychelles:

A stable and independent country that is not a dependent overseas territory of a European state, and will not be subject to ever-growing EU Directives;

Workplace, including contracts written, assessed are implemented in English;

Based on the Seychelles International Business Authority (SIBA), the governing authority and the companies regulated under the IBC ACT 1994, a Seychelles IBC is tax-free if it does not conduct business within the territory of Seychelles (but it may enter into business with other Seychelles IBC’s);

No taxes of any sort – Corporation tax 0%, Tax on Dividends – 0%, Withholding tax – 0%;

In place of tax, there is a fixed annual government fee, as well as an annual registered agent fee;

Privacy is protected in the Seychelles under Art. 20 of the constitution. Data detained by the Seychelles registered agents is not public information.

There are no restrictions on foreign Directors or Shareholders, individual or corporate;

There is no minimum authorized or issued share capital requirement;

There is no withholding tax on interest, dividends and royalty, no capital gains tax in Seychelles;

Interim dividends distribution is allowed. Distribution to foreign entities or individuals are not taxed in Seychelles;

Nominee services are available;

No requirement for filing of financial accounts or audit;

Board Meetings can be held anywhere in the world.

Summary of Seychelles Company and main characteristics:

General Information 
Type of companyInternational Business Company (IBC)
Corporate LegislationSeychelles International Business Authority (SIBA) is the governing authority and the companies are regulated under the IBC ACT 1994.
TaxationNo taxes of any sort.
Corporation Tax – 0%
Tax on Dividends – 0%

Withholding tax – 0%
CurrencyStandard Currency - Seychellois rupee (SCR)
Share Capital can be in USD$
Paid up capital requirementNo paid up capital required
Time zoneSCT (UTC+4)
Directors
Minimum no. required1
Local Director requiredNo
Location of MeetingsAnywhere
Shareholders
Minimum no. required1
Location of MeetingsAnywhere
Company Secretary
RequiredNo
Local Secretary requiredNo
Registered office requiredYes
Share Capital
Standard CurrencyUSD$
Standard Authorized Capital10.000 USD$
Minimum paid up capitalNo
Accounting Requirements
Preparation of accountsNo accounting/reporting requirements. However, Section 65 of the IBC Act, 1994 (Amended) requires the company to keep such documents (receipts, invoices etc.) as to enable it for accounts to be prepared.
Requirement for auditNo
Accounts public accessibleNo
Requirement to file Annual ReturnNo
Further Information
Bearer sharesNo
ConfidentialityYes
Nominee servicesAvailable
Need to travelNo
ApostilleYes, Hague Convention 1961
OwnersIndividuals or Corporate

Register your Seychelles Company

Company Formation – with all services included for the first year:

Certificate of Incorporation;

Memorandum and Articles of Association;

Appointment of Director(s), Distribution of Shares, Minutes, Resolutions in accordance with banks requirements;

Share Certificate(s);

Authorized Share Capital of 10,000USD$;

Local Registered Office Address;

Registered Agent;

Personal manager assistance for the entire period.

Renewal Fee after one year – with all services included for the next year:

Local Registered Office Address;

Registered Agent;

Government annual fees;

Personal manager assistance for the entire period.

Nominee Director – Individual or Corporate as per client’s request:

Nominee Shareholder – Individual or Corporate as per client’s request:

Power of Attorney – General / Special PoA Notary Legalized with Apostille, in accordance official institutions and with banks requirements:

Certificate of Good Standing with Apostille, in accordance with official institutions and banks requirements:

Certificate of Incumbency with Apostille, in accordance with official institutions and banks requirements:

Legalization of Documents:

  • Document Notarization per document:
  • Bundle of documents Notarization;
  • Document Apostillation per document;
  • Bundle of documents Apostillation.

Company Seal:

Company Rubber Stamp:

Bank Account opening service – Quotation based on each particular case;

Compliance Service – After Company Incorporation Services – new persons, legal entities, annual compliance review:

Accounting & Bookkeeping – Quotation based on each particular case.