Seychelles-FSA-regulation

Seychelles International Business Company (IBC) Formation

The Republic of Seychelles is a 115 island country in the Indian Ocean. It is also part of the British Commonwealth.

The Seychelles have been offering attractive offshore company formation packages, since 1994, with the passing of the International Business Companies Act. It is a secure, confidential and tax-free jurisdiction which is rapidly growing due to the Seychelles protection regulations and flexible structuring of companies.

The Seychelles may be an ideal choice for a International Business Company (IBC) formation. Offering a broad range of offshore services, with low costs, strict privacy laws and tax-free opportunities.

  • No minimum Capital Requirements
  • Only one Director or Shareholder
  • No publicly accessible record of Directors or Shareholders
  • Low Government fees
  • Tax Free Structures
  • International Trade Zone
  • No Corporate Tax
  • No filling of accounts requirements
  • Asset Protection
  • Banking Secrecy
  • Asset Protection
  • Professional, skilled, bilingual workforce
  • Modern Communication network
  • Options for work and residence permits for foreign investors
  • Own or manage a Seychelles registered vessel or aircraft is permitted for an IBC
  • Asset Protection
  • Tax Planning
  • Intellectual Property Protection
  • International Trading Company
  • Estate Planning
  • Financial Management
  • Holding Company

A Seychelles IBC has restrictions on carrying out business inside the Seychelles or to be involved in real estate property or to provide the registered office for companies.
There are restrictions on banking, trust businesses and insurance as defined in the Financial Institutions Act 1984.

With regard to shares, there are restrictions on bearer share issuance, which requires a registered local agent to immobilise them.

An approved local agent needs to be used for formation, a local registered office is also required.

A few of the requirements are the Name of the company to be incorporated, a physical address, certified copies of valid passports or national ID cards, such as those issued in the European Union. These need to be certified by either a Notary Public, Bank or by the issuing country’s Embassy. A Character reference may also be required.

Overview
Company TypeIBC
Country LawHybrid - Based on British Common Law and French Civil Law
Company Law

International Business Companies Act 1994

Registered Office RequiredYes
Local Registered Agent RequiredYes
Shelf Companies PermittedYes
Migration Of DomicileYes
Average Time To Form Company1 to 2 Business Working Days
Government Fees
Minimum Government Formation Charge$100 USD
Recurring Minimum Annual Company License Fee$100 USD
Annual Return Filing FeeNot Applicable
Corporate Tax
Corporation TaxNo
Access to Double Taxation TreatiesNo

All Seychelles International Business Companies are exempt from tax on all profits derived outside of Seychelles.

Directors
Minimum Required Directors1
Local Director RequiredNo
Records PublicNo
Board Meeting LocationAnywhere in the World
Corporate Directors PermittedYes
Privacy - Publicly Available RecordsNo

There is a minimum requirement of one Director, of which may be the only shareholder. Directors can be either individuals or corporate bodies of any nationality and resident of any country. Nominee Directors and Shareholders are permitted.

Company Secretary
Secretary RequiredNo
Local or Qualified PositionNo
Share Capital
Standard Currency

USD (Seychellois Rupee SCR)

Permitted Share CurrencyAny
Minimum Paid Up Shares$1 USD
Usual Authorised$100,000 USD
Bearer Shares PermittedNo
No Par Value Shares PermittedYes
Shareholders
Minimum Number Of Shareholders1 Shareholder (Can be the Director)
Corporate Shareholdes PermittedYes
Meeting LocationsCan be held anywhere in the world
Privacy - Publicly Available RecordsNo
Company Accounts
Requirements To PrepareYes
Audit RequiredNo
Keep Financial RecordsYes - Anywhere in the world
Requirement To File AccountsNo
Requirement to File Annual ReturnNo
Accounts Publicly AccessibleNo

There are many tax incentives to establish a Seychelles International Business Company such as, no tax on profits derived from outside of the Seychelles.

There is also no stamp duty on exchange of shares or the sales of any other assets. No sales tax, no withholding tax, no import or export tax, no value added tax, to name a few.

Seychelles Facts
LocationA 115 island country in the Indian Ocean
SizeApproximate area of 459 sq. km
PopulationApproximately 92,000
Languages Spoken

Main and Official Languages:

French

English

Seychellois Creole

CurrencySeychellois rupee (SCR)
PoliticsPresidential Republic
Economy

Main Industries:

Tourism

Fishing

Financial Services

Transport

Air

Road - Driving on the Left

Boat

Time Zone

SCT (UTC+4)

Seychelles does not utilize Daylight Saving Time

International Dialling Code+248
Internet TLD.sc

Contact us today to enquire about the Cost of Formation or if you have further questions regarding the application process.

Seychelles International Business Company (IBC) Formation Enquiry

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