Company Formation in Seychelles

We are company formation specialists based in Seychelles and we can assist with the setup of Seychelles International Business Companies (IBCs).

Quick Facts
Types of companies	Offshore (International Business Company) Special License Company Limited Liability Company
Minimum share capital for IBC	USD1
Minimum number of shareholders for IBC	1
Time frame for the incorporation (approx.)	2 weeks
Corporate tax rate	0% for the IBC on income derived from outside Seychelles
Dividend tax rate	0% for the IBC
VAT rate	0% for the IBC
Number of double taxation treaties (approx.)	28
Do you supply a registered address?	Yes
Local director required	No
Annual meeting required	No
Redomiciliation permitted	Yes
Electronic signature	Yes
Is accounting/annual return required?	It must be prepared, but not filed with the Trade Register.
Foreign-ownership allowed	Yes
Any tax exemptions available?	0% for offshore companies and 1.5% for special license companies
Tax incentives	Tax deductions are available for companies in tourism, agriculture and fishing.

What are the key advantages of setting up an IBC in Seychelles?

• no taxation on foreign income;
• no stamp duty on transfer of IBC shares;
• minimum annual Seychelles Government License fee: US$130 + US$15 tax irrespective of Authorized capital;
• renewal fee of US$140 + 7.5% tax irrespective of Authorized capital.

What are the steps to set up a company in Seychelles?

Please take into account the following steps:

1. approval & signature of proposal from client;
2. name reservation;
3. review of KYC & due diligence documents;
4. complete application form;
5. incorporation filing (subject to payment received);
6. corporate documents issuance;
7. post-incorporation procedures including bank account opening.

What are the documents necessary for incorporating my Seychelles company?

Individual Shareholder / Director/Beneficial Owner	Corporate Shareholder
Certified copy of passport Proof of address (≤ 3 months) Bank reference letter (≤ 3 months) Signed CV / Resume Source of funds declaration	Certificate of Incorporation Memorandum & Articles Register of Directors & Shareholders Certificate of Good Standing List of authorized signatories Full KYC documentations on individual director/shareholder/ UBO

Important: All documents to be duly certified by an approved certifier, namely lawyer, notary, chartered accountant.

How much does it costs to set up my company in Seychelles?

Approx. $2,500 for the IBC company.

What are the main characteristics of the Seychelles IBC?

• minimum number of directors is one;
• corporate directors are permissible;
• no Seychelles director requirement;
• no public filing of director details;
• no public access to director details;
• location of directors meetings can be anywhere;
• directors may attend meetings via telephone or other electronic means.

Does Seychelles impose any requirements on shareholders?

• minimum number of shareholders is one;
• corporate shareholders are permissible;
• no Seychelles shareholder requirement;
• no public access to shareholder details;
• location of shareholders meetings can be anywhere;
• no public filing of director details;
• no public filing of shareholder details;
• shareholders may attend meetings via telephonic or other electronic means.

Is my identity protected as shareholder/beneficial owner?

Yes. Details of beneficial owner(s) are not publicly accessible, even though filed with Seychelles Financial Intelligence Unit and shares may be held by a nominee on behalf of the beneficial owner(s).

Are there any post incorporation obligations for maintenance of the company?

Yes, these are:

• Maintaining accounts and Accounting Records

Accounts are prepared and are required to be filed with the Registered Agent within six months of its financial year end. Accounting records are also to be lodged on a bi-annual basis at its Registered office in Seychelles.

• Registered Office in the Seychelles and local Registered Agent

A Seychelles IBC is required by law to have a licensed Agent in Seychelles. All documents relating to the IBC must be filed with the Registry by its Registered Agent. We will of course act as your Registered Agent.

• Keeping Statutory Registers

An IBC shall keep either the original or a copy of such Registers at its Registered Office. If only a copy is kept at the Registered Office, the IBC shall inform the registered Agent in writing of the address of the place where the original Registers are kept and of any charge in the content of such Registers.

• Maintaining records of Minutes & Resolutions

All Minutes and Resolutions must be kept at the Registered Office or at such place as the directors’ determine provided they inform (in writing) the Registered Agent of the address of such other place.

How long does the company registration process take in the Seychelles?

The company incorporation procedure is quite fast in Seychelles (depending on the selected company type, the procedure can be completed in a matter of days, usually around 1 to 3 days.

Contact us for more details about Seychelles company formation.