Seychelles International Business Company

General Information

  • Type of Company - International Business Company (IBC).
  • Legislation – Seychelles International Business Companies Act 1994.
  • Company name must end with the abbreviation indicating corporate body, such as, Limited, Incorporated, Société Anonyme, Sociedad Anonima or an abbreviation thereof.
  • Time-scale for incorporation – 3 to 5 days.
  • Disclosure of beneficial owners prior to incorporation is not required.
  • Double tax treaties- in force are the following Botswana, China, Cyprus, Indonesia, Malaysia, Mauritius, Oman, South Africa, Thailand, Vietnam and Zimbabwe. Others in the pipeline include the Czech Republic and Russia.
  • Shelf companies are available.
  • Other corporate or partnership forms - Companies limited by guarantee and having a share capital, limited partnerships and limited duration companies.
  • Money laundering legislation is in existence.

Local Requirements

  • Registered Office and Registered Agent must be maintained locally.
  • Company Secretary is not required, but is advisable and may be a natural person or corporate body, resident of any country.
  • Public recording is not required. Details of Directors and Beneficial Owners are kept only at the offices of the Registered Agent.
  • Accounts are not required for public filing.

Corporate Requirements

  • Minimum number of shareholders - One (1). May be an individual or a corporate body of any nationality and resident of any country. Registered agent must subscribe to the Memorandum and Articles on incorporation. Nominee shareholders are permitted.
  • Minimum number of directors - One (1). May be an individual or a corporate body of any nationality and resident of any country. Nominee directors are permitted.
  • Minimum capital requirement - None.
  • Standard Authorised Capital - US$100,000.
  • Bearer shares are permitted.

Annual Requirements

  • Annual return and annual statutory meetings are NOT required.
  • Statutory accounting is NOT required.
  • Annual Corporate Franchise Tax or License Fees: US$100 per annum for companies with authorised share capital of up to US$100,000, and $300 for companies with authorized share capital in excess of US$100,000.  US$350 per annum for companies with shares at no-par value. 
  • Taxation - Not subject to taxation in Seychelles; as in terms of the IBC Act, an IBC is prohibited from doing business in the Seychelles.
  • Cyprus Tax Planning