Company Secretary in Seychelles

Our team provides company secretary services in Seychelles for businesses that need local support with corporate administration and compliance.

What does the company secretary in Seychelles represent?

A company secretary acts as a representative of the legal documents in the firm among many others. He/she must communicate with the stockholders in matters of company records, annual accounts, and must ensure that the company’s business is directed in compliance with its purposes and activities as stipulated by the Memorandum of Association.

The same company secretary in Seychelles must prepare the agenda of following board of managers’ meetings and need to keep records of the entire proceedings. For a better understanding of the responsibilities of the company secretary in Seychelles, our specialists in company formation in Seychelles can offer complete information.

We invite you to watch our video on the company secretary and company incorporation in Seychelles:

How is a company secretary appointed in Seychelles?

The company’s directors appoint a company secretary. The appointment will be approved through a directors’ resolution, and the new secretary’s details are then added to the company records.

For companies subject to additional licensing rules, further documents may be required. For example, in the case of a Company Special Licensee, the secretary must consent to the appointment and the relevant details are submitted as part of the company documentation.

Who can act as a company secretary in Seychelles?

Depends on the type of company. For a domestic company, the secretary must meet the legal requirements that apply in Seychelles. In some cases, an individual can take the role, while in others a licensed corporate service provider can be appointed.

For a Special License Company (CSL), the secretary must meet specific licensing requirements set by the Financial Services Authority of Seychelles.

Our specialists can provide company secretary services in Seychelles and assist with the ongoing corporate formalities applicable to the company.

What types of Seychelles companies require a company secretary?

It must be noted that not all types of companies in Seychelles require a company secretary. The applicable rules depend on the legal form under which the company is incorporated. For example, Special License Companies (CSLs) are required to appoint a company secretary.

Domestic companies incorporated under the Companies Act are subject to company secretary requirements as well.

Offshore companies in Seychelles do not require a company secretary. However, a Seychelles International Business Company (IBC) must maintain a registered office and a registered agent in Seychelles in accordance with the International Business Companies Act.

What are the legal commitments of a company secretary in Seychelles?

Each company secretary in Seychelles has the custody of the company seal, and besides that, there are several legal responsibilities to consider, such as:

• maintain the company’s books in compliance with the Companies Law in Seychelles;
• register the transfer of shares, charges, mortgages, and contracts considering the boards’ indications;
• ensure that the statutory forms are filed promptly in respect with the regulations in Seychelles;
• legally sign the statutory returns and applications in a company. 

One should know that the company secretary in Seychelles needs no specific qualifications, but should have knowledge and experience in such area.

The representative will perform the activities under a legal employment contract where all the responsibilities in the firm are mentioned.

What is the difference between a company secretary and a registered agent in Seychelles?

A company secretary deals with the company’s internal administration. This may include: keeping corporate records, preparing documents for meetings and helping with statutory filings.

A registered agent has a different role. The agent acts as the company’s local contact in Seychelles and deals with certain formalities with the authorities.

Unlike the registered agent, a company secretary is not mandatory for every type of Seychelles company.

Why use professional corporate secretarial services in Seychelles?

The company secretary does not necessarily have to be an employee of the company. An external professional or licensed corporate service provider can also offer corporate secretarial services.

The advantages of using professional company secretary services in Seychelles are:

• the secretary services are offered by specialized companies in Seychelles;
• the company secretary must be a resident; therefore, these services will only be offered by local companies;
• the secretary services can complete a nominee package which can include nominee shareholders and director services;
• it is cheaper to hire a company that provides nominee secretary services than hiring a person in this position.

Can a company change its company secretary in Seychelles?

Yes. A company can replace its secretary when necessary. One of the most common examples is when the current secretary resigns or the company decides to work with another service provider.

The change should be approved according to the company’s internal rules and the company records must be updated. In some cases, changes involving the secretary must be notified to the authorities.

Our team can assist with changing a company secretary in Seychelles and completing the related corporate formalities.

We invite you to contact our company incorporation agents for complete information about our company secretary services in Seychelles.