Tuesday, 17 October, 2017
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Seychelles
  • The Republic of Seychelles is an independent country located on an archipelago of more than 100 islands in the Indian Ocean, about 2,000 km East of mainland Africa.
  • The Seychelles were a former colony of France since 1814. They subsequently became a colony of the UK until became independent in 1976. The head of the state is the President. The country is governed by the Parliament. The Republic of the Seychelles is a member of such organizations as the UN, OAU (Organization of African Unity) and the Commonwealth of Nations.
  • The economy of the Seychelles is based on tourism, agricultural and fishing activity. However, the finance sector has seen increasing importance in more recent years.
  • Incorporation and management of IBC companies in this country are regulated by the Seychelles International Business Companies Act of 1994. This provides for full exemption of IBC companies from taxation.

GENERAL INFORMATIONTotal area - 455 sq km
Population - 80,000
Location - click here to see the map of offshore jurisdictions
Political status - republic
Capital - Victoria
Official language - English, French, Creole
Official currency - Seychellois rupee (SCR)
Time zone - GMT + 4
Company typeInternational Business Company (IBC)
Directors/OfficersSeychelles IBC companies require a minimum of 1 Director, who may be a natural person or a corporate body from any legal jurisdiction.
Each Seychelles IBC company must file a Register of its Directors with the Registered agent in Seychelles.
ShareholdersSeychelles IBC companies require a minimum of 1 shareholder, who may be a natural person or a corporate body from any legal jurisdiction.
Each Seychelles IBC company must file a Register of its Shareholder/s with the Registered agent in Seychelles.
SecretaryThere is no statutory requirement for a Company Secretary to be appointed.
Authorised share capital Standard authorised capital = USD 5,000.
There is no statutory requirement for capital to be fully or partly paid on incorporation.
Company Names The name of a Seychelles IBC company must end with the words "Incorporated", "Corporation", "Limited", or suffixes such as "Inc.", "Corp.", "Ltd.", "GmbH", "S.A.", etc.
Company names containing restricted words such as "Bank", "Insurance", "Trust", "Assurance", "Imperial", "Royal" etc. will not be permitted unless an appropriate national operating licence has been obtained by the company.
Beneficial Ownership information Information with regard to ultimate beneficial ownership must be disclosed to the Registered Agent of the company and is held by the agent on a confidential basis.
Filing of Annual ReturnThere is no requirement to file an Annual Return.
Filing of Financial StatementsThere is no requirement to file Financial Statements in Seychelles for IBC companies.
Corporate TaxationSeychelles IBC companies are not subject to corporation tax in Seychelles.
Tax TreatiesSeychelles IBC companies are not entitled to take advantage of Double Tax treaties concluded by Seychelles with other countries.
Timeframe for incorporation 4/5 working days. A complete set of company documents can be delivered in 4/5 weeks.
Takeover of management & secretarial services for an existing Seychelles IBC companyPossible, following verification of Beneficial Ownership and agreement with and discharge of liabilities to previous corporate service provider in Seychelles.
Description of incorporation documentsClick here for itemised description of company documents.
"Ready-made"("Shelf") companiesToday we have 12 "Ready-made" companies available in this jurisdiction
Price of Seychelles IBC companyEUR 1,060, including incorporation costs, full domiciliary (Registered Agent/Office) costs, set of documents legalised by Apostille, including General Power of Attorney.
Cost of annual support servicesEUR 750 per year, including annual Government Duty, full domiciliary (Registered Agent/Office) costs, General Power of Attorney for current year.
  • INTERNATIONAL OVERSEAS SERVICES has the following comments:
  • The Seychelles are a classic tax-free jurisdiction that do not require complicated procedures for company maintenance or annual reporting. The Seychelles is an independent republic. This means that the legislation is more stable in comparison to colonies or dependent territories that are subject to possible changes of legislation in the head country. Accordingly, the Seychelles are a popular choice where a classic offshore company is required.
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