Seychelles


Seychelles offers attractive offshore formation opportunities through an International Business Company (IBC) to businesses seeking the benefits of a secure, confidential and tax-free environment. Seychelles has been offering clients offshore formation packages since the passing of the International Business Companies Act in 1994, and has grown rapidly in the sector due to its flexible structure, exceptional protection regulations and enabling legislation, making it among the best jurisdictions for offshore company formations. Seychelles is a flourishing offshore financial center; its formation market has become one of the fastest growing company registries in the world due to its efficacy, innovation and its broad range of offshore services. Investors and businesses are flocking to Seychelles, taking advantage of its low cost, strict confidentiality laws and flexible incorporation regulations making the formation process simple an deficient.

If you are looking for a jurisdiction with firm privacy regulations and tax-free opportunities in a supportive offshore environment, Seychelles may be the perfect choice for your next offshore company formation. Low-cost offshore company formation in Seychelles and banking introduction are our key services. 

SEYCHELLES IBC BENEFITS  

  • Value for money – low annual Government licence fee, irrespective of the amount of the authorised share capital of the company 
  • Fast incorporations and name approvals – same day incorporation 
  • Privacy and asset protection – only required to file the register of directors with the Seychelles Registry (not accessible publicly). As for the register of members and beneficial owners, they are only required to be kept at the registered office in Seychelles which is not accessible publicly.
  • Ease of administration – no requirement to file financial accounts in Seychelles unless the IBC conducts business in Seychelles
  • Acceptability to international banks – Seychelles is not on the OECD or FATF blacklists 
  • Seychelles is a stable and independent country – not being a dependent overseas territory of a European state, Seychelles is not subject to ever-growing EU Directives. 
  • Chinese company names and Chinese Articles and Memoranda of Association can be registered with the Registrar
  • All civil proceedings with respect to IBCs may be heard by a judge in Chambers
  • Seychelles has a territorial tax system such that a Seychelles tax resident is liable for Seychelles tax on Seychelles sourced income but not on foreign sourced income
  • Able to obtain a TIC if the IBC is able to fulfill record keeping requirements


SUMMARY

Type of Company
International Business Company (“IBC”)

 

Time to Incorporate
1-2 working days

 

Disclosure of Director / Shareholder Information / Beneficial Owner
Disclosure of Director / Shareholder Information / Beneficial Owner Information of director(s), shareholder(s) and beneficial owner(s) is not accessible publicly, however a copy of the Register of Directors must be filed with the Registrar of Companies.

Taxation
A Seychelles IBC is now tax resident in Seychelles and no longer tax exempt. If an IBC carries on business in Seychelles it must pay Seychelles business tax. If an IBC only source foreign income, it is not liable for Seychelles tax on any of its income or profit. Seychelles has a territorial tax system such that a Seychelles tax resident is liable for Seychelles tax on Seychelles sourced income but not on foreign sourced income.

 

Minimum Director
At least 1 director who can be natural person or corporate body

 

Minimum Shareholder
At least 1 shareholder who can be natural person or corporate body

 

Audit Requirement
No audit requirement for accounts

 

Filing of Accounts
Required to prepare accounts / Accounts are not accessible publicly

 

Filing of Annual Return
Mandatory with Registered Agent 

 

 

Formation Package and Fees

 
Formation Fee (including following services) – EUR 1700
  1. Provision of Registered Agent Services (1 year)
  2. Provision of Registered Office (Only receive mail from government authorities on your behalf)
  3. Formation Service Fee
  4. Certificate of Incorporation, M&A, First Director Resolution, Consent to Act as Director, Registers and Share Certificate
  5. Provision of Dedicated Professional Formation Representative
 
Maintenance Fee (Fee for subsequent year) – EUR 1200
  1. Provision of Registered Agent Services (1 year)
  2. Provision of Registered Office (Only receive mail from government authorities on your behalf)
  3. Government Licence Fee*
  4. Filing of Annual Return

* Fees vary based on the actual costs charged by the government

 

Seychelles company

Prices   (€)

INCORPORATION FEES

 

Formation of a Seychelles company

1700

Price includes:

 

- Preparation and filing of all necessary paperwork to register the company

 

- Provision of Registered Office and Agent in Seychelles (for 1 year)

 

- Formation service fee

 

- Certificate of incorporation, Memorandum and Articles of Association, resolution appointing the director(s), consent to act as director, registers and share certificate(s)

 

 

 

ANNUAL RETAINER AND LICENCE FEE

 

Annual fees:

 1200

- Provision of Registered Agent and Office in Seychelles (only including the receiving mail from the government authorities on your behalf)

 

- Government Licence Fee 

 

- Filing of the annual return