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Set up your business in Seychelles
Overview
Seychelles has been offering clients offshore formation packages since the passing of the International Business Companies Act in 1994, and has grown rapidly in the sector due to its flexible structure, exceptional protection regulations and enabling legislation, making it among the best jurisdictions for offshore company formations.
Key Characteristics Of Seychelles IBC
Seychelles IBCs are defined by several key features:
- Tax Neutrality: Seychelles IBCs benefit from a tax-neutral status, meaning they are not subject to local corporate tax, provided their income is generated outside of the jurisdiction.
- Anonymity and Privacy: The identities of shareholders and directors are not made public, ensuring a level of privacy for individuals involved.
- No Reporting Obligations: IBCs are exempt from annual reporting and auditing requirements, simplifying administrative procedures.
- Quick Registration: The process of setting up an IBC is efficient, often completed within 24 to 48 hours.
Taxation
A Belize based IBC is not required to pay any tax on all operations conducted outside the country. Though there is a Business Tax on any enterprise that earns more than US$75,000 a year, but this tax does not apply to IBCs if all income earned is generated outside the country.
Similarly, self-employed individuals that earn more than US$20,000 a year are subject to pay the Business Tax if that revenue comes from activities within Belize; however, the Business Tax does not apply to all foreign-sourced income.
All firms that generate income from business activities in Belize have to get a Certificate of Clearance from the Income Tax Department. The Certificate is not required for IBCs as long as the company’s business activities are offshore.
Confidentiality Of Information
Confidentiality Of Information
In Seychelles, maintaining the confidentiality of information related to offshore companies is fundamental. We strictly adhere to the International Corporate Service Providers Act, which mandates non-disclosure of shareholder and director information to third parties without a court order. Our statutory framework ensures that:
- Shareholder anonymity is protected through nominee services.
- Director details remain private, unless required by legal proceedings.
Additionally, public access to corporate documents is heavily restricted, providing an extra layer of privacy to our clients.
Registration Requirements
Our company registration process requires submission of the Memorandum and Articles of Association to the Seychelles Registry. These documents detail the company’s structure and regulations for its operations.
- Fundamental document submission:
i. Memorandum of Association: Outlines company objectives
ii. Articles of Association: Specifies internal operating rules
- Minimal share capital: No prescribed minimum, ensuring flexibility in capital structure
- Shareholder and director information: At least one shareholder and director required; details to be lodged with the Registered Agent.
Registration Packages Includes
- Government Registration Fee (First year)
- Registered Office Address (First year)
- Registered Agent Services (First year)
- Company Secretarial Maintenance
- Certificate of Incorporation
- Memo & Articles of Association
- Appointment of 1st Directors
- Consent Actions of the BOD
- Share Certificates
- Register of Directors
- Register of Officers
- Register of Shareholders
- FREE Phone and/or email consultations
Key Corporate Features
| Seychelles Company | Corporate Details |
| General | |
| Type of Entity | IBC |
| Type of Law | Based on British Common Law and French Civil Law |
| Governed by | International Business Companies Act 1994 |
| Registered Office in Seychelles | Yes |
| Shelf company availability | Yes |
| Our time to establish a new company | 1 Business Day |
| Minimum government fees (excluding taxation) | US$ 100 |
| Corporate Taxation | No |
| Access to Double Taxation Treaties | No |
| Share capital or equivalent | |
| Standard currency | USD (local currency Seychellois Rupee SCR) |
| Permitted currencies | Any |
| Minimum paid up | No minimum |
| Usual authorized | US$ 50,000 |
| Bearer shares allowed | Yes (but required to be immobilized by the registered agent) |
| No par value shares allowed | Yes |
| Directors | |
| Minimum number | One |
| Local required | No |
| Publicly accessible records | No |
| Location of meetings | Anywhere |
| Corporate directorship allowed | Yes |
| Shareholders | |
| Minimum number | One (which can be the Director) |
| Publicly accessible records | No |
| Corporate shareholder allowed | Yes |
| Location of meetings | Anywhere |
| Company Secretary | |
| Required | No |
| Local or qualified | No |
| Accounts | |
| Requirements to prepare | Yes |
| Audit requirements | No |
| Requirements to file accounts | No |
| Publicly accessible accounts | No |
| Recurring Government Costs | |
| Minimum Annual Tax | US$ 100 |
| Annual Return Filing Fee | NA |
| Other | |
| Requirement to file annual return | No |
| Migration of domicile permitted | Yes
|
Seychelles Company Incorporation Process
To register a company in Seychelles, you must select an approved name, submit the required documents including articles of incorporation, and pay the applicable fees. This process can typically be completed within 1-2 days upon validation of your identification documents.
STEP 1 – SUBMIT INCORPORATION ORDER FORM.
Complete the order form on package details tab above. Upon receiving your order, we will:
- Check your proposed company’s name availability
- Follow-up with you to clarify queries (if any) and advise accordingly
- Send you an invoice for our services.
STEP 2 – MAKE PAYMENT FOR SEYCHELLES COMPANY
Upon receiving the payment for our services, we will prepare the incorporation documents to be duly signed either in Singapore before us or overseas before Notary Public.
STEP 3 – INCORPORATE SEYCHELLES COMPANY
Upon the signing of the incorporation documents, we will proceed to register the Seychelles Company. Once the company has been incorporated, you may proceed to open a corporate bank account.
Additional services we provide
How to Register?
From company order, name check and reservation, documentary requirements guidelines, feedback and timing. Step by step guide how a new offshore company registration normally happens in Seychelles.