Fiduciary Services in Seychelles

If you want to benefit from fiduciary services in Seychelles, you can rely on our team of consultants.

What are fiduciary services under the Seychelles legal framework?

Fiduciary services are usually employed by companiesoperating in the financial industry, which is why they are regulated by the Financial Services Authority in Seychelles. These services are offered by companies or individuals who take on the role of acting in the best interest on behalf of a third party.

Who can provide fiduciary services in Seychelles?

Offering fiduciary services in Seychelles often implies managing assets of a third party. These services are offered by financial advisors, accountants and, in the case of companies registered in Seychelles, the fiduciary role can be assigned to one of the managers or one of the management board members. Our Seychelles company formation consultants also offer fiduciary services.

How can our team help foreign clients?

Our fiduciary services in Seychelles are designed for a wide range of corporate needs (our team can set up companies and act on behalf of the clients after signing the power of attorney, the sole document that grants the right to legal representation). In the list below, you can discover some of our basic services:

1. company formation in Seychelles;
2. management services (including nominee director, secretary services, accounting);
3. professional assistance in setting up securitization vehicles and investment funds;
4. offshore incorporation;
5. set up trusts and foundations;
6. post-incorporation services, which include tax registration and tax compliance.

What are the main fiduciary services available in Seychelles?

Fiduciary services can also be offered by individuals or companies independent from the management of an entity in Seychelles. It is a common practice for the fiduciary services in Seychelles to include:

• nominee services;
• fiduciary management services;
• trustee services.

What are the nominee services in Seychelles?

Nominee services are among the most employed fiduciary services in Seychelles and can refer to:

• nominee shareholder services;
• nominee director services;
• nominee secretary services.

We also invite you to watch our video on fiduciary services in Seychelles: 

What are nominee director services in Seychelles?

The main tasks for a nominee director in Seychelles are:

1. to act on behalf of the company in the relation with various parties, including institutions;
2. to protect the identity of the company’s owner in the relation with other third parties (that are not governmental entities);
3. to sign various agreements, contracts and other documents on behalf of the owner.

Is it required to apply for a license if I provide fiduciary services in Seychelles?

Yes. According to the main regulator, the Financial Services Authority of Seychelles, entities involved in the fiduciary industry need to obtain one of the 3 licenses stipulated under the International Corporate Service Providers Act, as follows:

1. International Corporate Services License;
2. International Trustee Services License;
3. Foundation Services License.

What types of activities are regulated for those who offer international corporate services?

In the list below, you can observe the main types of activities that can be carried out by fiduciaries who provide international corporate services:

1. the incorporation of a legal entity;
2. the management and administration of a legal entity;
3. acting as a registered agent for a legal entity (or as a director or other type of officer);
4. providing a registered address for a company;
5. acting as a nominee director.

For what types of entities can fiduciaries offer international corporate services?

The services of fiduciaries offering international corporate services can be employed by the following types of entities:

1. limited partnerships;
2. protected cell company;
3. international business company;
4. a legal entity that holds a special license issued as per the rules of the Companies (Special Licenses) Act;
5. other corporate bodies.

Are there any capital requirements for fiduciary services providers?

Yes. Those who will operate under the rules of the International Corporate Service Providers Act must have a capital of minimum SCR 150,000 (companies registered as international corporate services providers). For other types of services, the capital requirements can increase to minimum SCR 200,000 – 250,000.

Are fiduciaries required to pay fees for the issuance of the license?

Yes. Obtaining one of the 3 licenses specified above implies the payment of a license fee. In some cases, the license holder can benefit from reduced annual fees (the license fee is charged on an annual basis).

When is it required to pay the annual fee?

Fiduciaries who have been issued with a license must renew it on an annual basis by paying the license fee in the month of January of each year.

What happens if a fiduciary fails to pay the license fee in due time?

Provided that the company does not pay the license fee by 31st of January, the local authorities will apply a penalty of 50% from the annual value of the fee for each delayed month. In some cases, the authorities will decide to revoke the license.

All fiduciary services offered in Seychelles are bound by strict regulations imposed through contracts. If you need fiduciary services for your company in Seychelles, do not hesitate to contact us.