The Seychelles Islands is an independent republic on an archipelago of 90 islands in the Indian Ocean, about 2000 km east of mainland Africa.
It is a former colony of France and the UK, which finally became independent from the UK in 1976. The head of the Republic of Seychelles is a President, the country being governed by a Parliament. The Republic of Seychelles is a member of such organisations as UN, OAU (Organisation of African Unity), British Commonwealth.
Its current legislation on international business companies was adopted in 1994 - Seychelles International Business Companies Act of 1994.
| GENERAL INFORMATION | Total area - 455 sq km
Population - 80,000
Location - click here to see the map of offshore jurisdictions
Political status - republic
Capital - Victoria
Official language - English, French, Creole
Official currency - Seychelles rupee (SCR)
Time zone - GMT + 4 |
| Company type | International Business Company (IBC) |
| Directors/Officers | Seychelles IBC companies require a minimum of 1 Director, who may be a natural person or a corporate body from any legal jurisdiction. There is no statutory requirement for a Company Secretary to be appointed.
Each Seychelles IBC company must file a Register of its Directors with the Register of Enterprises of Seychelles. |
| Shareholders | Seychelles IBC companies require a minimum of 1 shareholder, who may be a natural person or a corporate body from any legal jurisdiction.
Each Seychelles IBC company must file a Register of its Shareholder/s with the Register of Enterprises of Seychelles. |
| Authorised share capital | Standard authorised capital = USD 5,000.
There is no statutory requirement for capital to be fully or partly paid on incorporation. |
| Company Names | The name of a Seychelles IBC company must end with the words "Incorporated", "Corporation", "Limited", or suffixes such as "Inc.", "Corp.", "Ltd.", "S.A.", etc.
Company names containing restricted words such as "Bank", "Insurance", "Trust", "Assurance", "Imperial", "Royal" etc. will not be permitted unless an appropriate national operating licence has been obtained by the company. |
| Beneficial Ownership information | There is no requirement for information about beneficial ownership to be disclosed with local authorities. |
| Filing of Annual Return | There is no requirement to file an Annual Return. |
| Filing of Financial Statement | There is no requirement to file Financial Statements in Seychelles for IBC companies. |
| Corporate Taxation | Seychelles IBC companies are not subject to corporation tax in Seychelles. |
| Tax Treaties | Seychelles IBC companies are not subject to treaties for avoidance of double taxation. |
| Timeframe for incorporation | 6/7 working days. A complete set of company documents can be delivered in 4/5 weeks. |
| Takeover of management & secretarial services for an existing Seychelles IBC company | Possible, following verification of Beneficial Ownership and agreement with and discharge of liabilities to previous corporate service provider in Seychelles. |
| Description of incorporation documents | Click here for itemised description of company documents. |
| "Ready-made"("Shelf") companies | Today we have 1 "Ready-made" companies available in this jurisdiction (click here for list of companies) |
| Price of Seychelles IBC company | USD 1560, including incorporation costs, full domiciliary (Registered Agent/Office) costs, Nominee services and legal support services for one year. |
| Cost of annual support services | USD 970 per year, including full domiciliary (Registered Agent/Office) costs, annual Government Duty, Nominee services and legal support services for each year. |
