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 AuthorisedCapital - 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.
