Seychelles IBC
Background
• Confidential structure – no filing requirements
with the authorities
• Tax Exempt Structure – used for non-Seychelles
based business
• Simple legislative requirements
• Cheap annual maintenance cost
• Fast and efficient technical support
Introduction
Seychelles is an independent Republic within the Commonwealth
with a population of 82,000. Seychelles comprises a group
of approximately 115 islands in the Indian Ocean, most of
which are situated between 4 and 5 degrees south of the
equator. The country has good political stability with a
democratically elected Government. The Seychelles economy
is primarily based on tourism, commercial fishing and offshore
financial services industry.
Seychelles offers a wide variety of financial services,
including offshore banking, investments and insurance. The
International Business Company (IBC), which is both inexpensive
and user-friendly, is the most popular corporate entity
and can be used for many purposes with few limitations.
Law And Taxation
Seychelles is governed by civil law except for the corporate
legislation and criminal law which are based on the English
common law. The principal corporate legislation governing
IBCs is the International Business Companies Act (IBC Act)
1994, which is both a comprehensive and user-friendly piece
of legislation for the incorporation, regulation, operation
and taxation of IBCs, requiring minimal disclosure.
IBCs are exempt from taxation on business activities or
transactions carried on outside the Republic of Seychelles,
and although there are no specific laws to govern secrecy
in relation to companies, the English common law imposes
the duty for professionals to keep the affairs of their
clients confidential.
Corporate Requirements
| Minimum Number of Directors |
1 |
| Minimum Number of Shareholders |
1 |
| Corporate Directors |
Allowed |
| Corporate Shareholders |
Allowed |
| Residency of Shareholders |
Non-Seychellois |
| Residency of Directors |
Any Nationality |
| Company Secretary |
Optional |
| Registered Office in Seychelles |
Yes |
| Registered Agent in Seychelles |
Yes |
| Language of Documents |
English or French |
| Name of Company |
English and French (Chinese company name can be included) |
| Authorised Share Capital |
Usually USD 100,000 |
| Annual License Fees |
(capital USD 50K) USD 350 |
| – with share capital up to USD 100,000 |
USD 100 |
| – with share capital above USD 100,000 |
USD 1,000 |
| Disclosure of Beneficial Owners |
No |
| Telephonic Meeting |
Yes |
| Annual Return |
N/A |
| Annual Filing |
N/A |
| Shelf Companies |
Yes |
Our Services
We can incorporate a company with your choice of name and
confirm the availability of names in advance. All companies
are provided with:
– a complete company kit
– including first subscribers minutes
– 3 copies of the M&A
– statutory registers format
In addition, we can assist clients in obtaining
– certificates of good standing
– registered agent certificates
– other certificates of corporate existence
We do not provide corporate management services but would
be pleased to introduce you to other professional firms
which do. We have a network of preferred and recommended
Professional Firms who have years of experience in the administration
and management of a company.
