Seychelles International Business Companies (IBC) are useful alternatives to offshore companies established in jurisdictions such as the British Virgin Islands.
Seychelles International Business Companies are regulated by Seychelles' International Business Companies Act, 1994.
IBC is the most common type of company incorporated in Seychelles. Currently there are more than 175,000 IBCs registered.
Key Features
| General | |
|---|---|
| Type of entity | IBC |
| Type of law | Hybrid |
| Shelf company availability | Yes |
| Our time to establish a new company | 1 day |
| Government fees (excluding taxation) | US$100 irrespective of Share Capital |
| Taxation on foreign income | Nil |
| Double taxation treaty access | No |
| Disclosure of Beneficial Ownership to Government Authorities | No |
| Change of Domicile permitted | Yes |
| Registered Office | In Seychelles |
| Share capital or equivalent | |
|---|---|
| Standard currency | US$ |
| Permitted currencies | Any |
| Minimum paid up | US$ 1.00 |
| Bearer Shares | Not Allowed |
| Directors | |
|---|---|
| Minimum number | One |
| Corporate Director | Allowed |
| Local required | No |
| Publicly accessible records | No |
| Location of meetings | Anywhere |
| Company Secretary | |
|---|---|
| Required | No |
| Local or qualified | No |
| Annual Accounts, Audit, Return | |
|---|---|
| Requirement to keep accounting record | Yes |
| Audit requirements | No |
| Requirement to file accounts | No |
| Publicly accessible accounts | No |
| Requirement to file annual return | Yes |
| Restriction on business | |
|---|---|
IBC can not
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Step 1 - Approve the name
Name reservation is a fairly quick process. Approval is given almost immediately.
Restrictions
Anything identical or similar to a company already incorporated. Anything that implies patronage of the Seychelles, or any other government, insurance, royal, imperial or any other name that may imply that a company intends to undertake a licensable or undesirable activity. Prohibited words include, for example “Bank”, “Building Society”, “Imperial”. The Registrar also has discretion to reject names that are indecent, offensive or misleading.
Mandatory words
Click here to view full list of allowed mandatory words.
Language of the name
The name of a company may be expressed in any language, but where the name is not in English or French, a translation and transliteration of the name in English or French shall be given to the Registrar.
Step 2 – State corporate features of your future company
You can either fill in the Instruction form or simply send us the below details:
Authorised Capital
Share capital may consist of shares with a nominal or par value. A statement to that effect needs to be included in the Memorandum of Association and in the Articles of Association. Registration fee is irrespective of the amount of share capital; there is no limitation of the capital. Our standard Memorandum of Association provides that the authorised capital will consist of US$ 100,000 divided into 100,000 shares with a par value of US$ 1.00 each or no par value. The directors are duly empowered to issue registered shares. Should a client prefer, it can be stated in the Memorandum of Association that shares are of no par value.
Special Clauses
Unless there is a particular reason for requesting that an additional or special clause be included or a particular clause deleted, or that any other amendment be made, it is suggested that our existing standard Memorandum of Association and Articles of Association be used.
Directors
Provide us with Directors' details. The minimum number of directors is one, who may be a natural person or a body corporate. They may be of any nationality and need not be residents of Seychelles. The directors’ names will never appear on any public document.
Shareholders
Provide us with Shareholders' details. The minimum number of shareholders is one, who may be a natural person or a corporate body. They may be of any nationality and need not be residents of Seychelles. The shareholders’ names will never appear on any public document.
Step 3 – We register your company with the features of your choice
The documents of incorporation are the Memorandum of Association and the Articles of Association which we execute and submit for registration to the Registrar.
The documents of incorporation are checked by the Registrar. Upon approval a Certificate of Incorporation is issued within 2-3 hours as of the time the documents are lodged with the Registrar.
The documents which will be included in corporate set are as follows:
Once the documents are ready the order is dispatched to you immediately by any courier service.
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Minimum cost to register an off-shore company (1st year) |
|
|---|---|
|
Incorporation Fee (payable to Seychelles government) |
$130 |
| Setting Up an IBC | $50 |
|
Registered Agent, Registered Office |
$450 |
| Compliance Fee | $180 |
|
TOTAL (1st year) |
$810 |
|
Minimum annual cost to maintain an off-shore company |
|
|---|---|
|
Annual fee (payable to Seychelles government on each anniversary of the registration of your company) |
$140 |
|
Registered Agent and Registered Office fees |
$450 |
|
Compliance Fee |
$180 |
| General Consulting, up to 1 hour | $130 |
| Keeping Accounting Records , non-dormant company, annually | $50 |
|
TOTAL per annum from 2nd year |
$950 |
|
Other services |
|
|---|---|
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Amendment of Memorandum or Articles (Extract), after 30 days |
$650 |
|
Amendment of Memorandum or Articles (Extract), within 30 days |
$450 |
|
Apostille |
$200 |
|
Assessment of IBC’s tax position against Seychelles taxes |
From $300 |
|
Certificate of good standing |
$200 |
|
Certificate of Incumbency |
$190 |
|
Certification by Ministry of Foreign Affairs |
$400 |
|
Certified True Copy of statutory documents, by Agent |
$150 |
|
Changing Company Name |
$450 |
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Company Search Certificate |
$350 |
|
Compliance Revision Fee for closure of file |
$300 |
|
Compliance Revision Fee, PEP case |
$400 |
|
Corporate director (including Power of Attorney with Apostile) |
$450 |
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CV for nominee |
$50 |
|
Deposit for filling of Register of Directors (for IBCs with Director services) |
$125 |
|
De-Registration |
$400 |
|
DHL courier dispatch service |
$110 |
|
Discontinuation from Seychelles |
$1,700 |
|
Dissolution |
$1,700 |
|
Drafting documents (resolutions, minutes, letters) |
$70 |
|
Drafting Agreements, Contracts, Deeds, etc |
From $150/hour |
|
Filing Beneficial Ownership Information |
$100 |
|
Filling of Register of Directors |
$125 |
|
General consulting on Seychelles legislative requirements |
$200/hour |
|
Individual director (including Power of Attorney with apostile) |
$600 |
|
Issuing of share certificate |
$20 |
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Keeping accounting records, annually |
$50 |
|
Legal opinion |
On request |
|
Legalization in Chinese Embassy |
$200 |
|
Legalization in Russian Embassy |
$250 |
|
Legalization UAE Consulate in Seychelles |
$1,500 |
|
Liquidator services (for Nil balances) |
$850 |
|
Liquidator (Distribution of Assets) |
$7100 |
|
Local courier |
$40 |
|
Merger |
From $2,000 |
|
Name Approval, more than 30 days |
$50 |
|
Nominee Corporate shareholder |
$450 |
|
Nominee Individual shareholder |
$600 |
|
Notarial Attestation of Signature (Authentication) |
$100 |
|
Original utility Bill of nominee |
$50 |
|
Police clearance certificate for nominee |
$400 |
|
Power of attorney (APOLLO provides the Director services), additional |
$210 |
|
Preparation of company file for handover (statutory and accounting records) |
$350 |
|
Redemption of shares documents |
From $500 |
| Re-domilication to Seychelles | $800 |
|
Registered Mail |
$25 |
|
Registration of Charge |
From $750 |
|
Restated Memorandum or Articles |
$450 |
|
Revision Fee |
From $35 |
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Revision of Accounting Records compliance (bi-annual basis), APOLLO provides the Directorship services), Holding companies |
$250 |
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Revision of Accounting Records compliance (bi-annual basis), APOLLO provides the Directorship services), Non-Holding companies |
Min 350$ for first hour, |
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Revision of CbC Reporting obligations |
$200 |
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Selfie verification of Director |
$400 |
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Signing documents by Nominee , per document |
$70 |
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Tax Certificate from SRC |
$300 |
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Tax Return |
$500 |
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TIN De-registration Deposit |
$75 |
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TIN Registration |
$350 |
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Translation |
From $50 |
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True Copy Articles, by Registrar |
$150 |
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True Copy of COI, by Registrar |
$150 |
|
True Copy of Memorandum, by Registrar |
$150 |
|
Video verification of Director |
$400 |
* Please note that prices are reduced and are negotiable for professional clients seeking volume purchasing.
Contact the Seychelles head office for further details.
Please get in touch with our representative and we will be glad to help.
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