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) |
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|---|---|
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Incorporation Fee (payable to Seychelles government) |
$150 |
|
Registered Agent, Registered Office |
$450 |
| Compliance Fee | $100 |
|
TOTAL (1st year) |
$700 |
|
Minimum annual cost to maintain an off-shore company |
|
|---|---|
|
Annual fee (payable to Seychelles government on each anniversary of the registration of your company) |
$150 |
|
Registered Agent and Registered Office fees |
$450 |
|
Compliance Fee |
$100 |
|
TOTAL per annum from 2nd year |
$700 |
|
Redomiliciation of companies registered outside Seychelles |
|
|---|---|
| Government Fee | $115 |
|
Fee payable to registered agent |
$450 |
| Compliance Fee | $100 |
| TOTAL | $665 |
|
Others |
|
|---|---|
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1. Apostille |
$150 |
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2. Power of attorney |
$100 |
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3. Notarial Attestation of Signature (Authentication) |
$80 |
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4. Notarial Attestation (true copy, documents) |
$40 |
|
5. TIN Registration |
$400 |
|
6. TIN De-registration |
$100 |
|
7. Corporate director |
$350 |
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8. Nominee Corporate shareholder |
$350 |
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9. Individual director |
$500 |
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10. Nominee Individual shareholder |
$500 |
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11. Issuing of share certificate |
$10 |
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12. DHL courier dispatch service |
$100 |
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13. Preparation of minutes of meetings or resolutions (per page) |
$25 |
| 14. Drafting documents | $100/hour |
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15. Signing documents |
$50 |
|
16. Certificate of good standing |
$120 |
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17. Certificate of Incumbency |
$120 |
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18. Changing Company Name |
$250 |
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19. Company Search |
$150 |
|
20. Compliance Fee for closure of file |
$200 |
|
21. Preparation of file for handover |
$200 |
|
22. Filling of Register of Directors with FSA |
$100 |
| 23. Dissolution | $1400 |
| 24. Liquidator services (no Assets) | $700 |
| 25. Liquidator services (Assets distribution) | from $1700 |
| 26. Penalty for late renewal 10% | $14.50 |
| 27. Penalty for late renewal 50% | $70.50 |
* 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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