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International Business Companies

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
  • Carry on banking as defined in the Financial Institution Act, 1984 or trust business.
  • Carry on business as an insurance or a re-insurance company.
  • Carry on the business of providing the Registered Office for companies.

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:

  • Certificate of Incorporation
  • Memorandum of Association
  • Articles of Association
  • Resolution of Subscribers appointing first director
  • Share certificates
  • Draft of first Resolution of Directors

Once the documents are ready the order is dispatched to you immediately by any courier service.

Minimum cost to register an off-shore company (1st year)

Incorporation Fee (payable to Seychelles government)

$130

Registered Agent, Registered Office

$450

Compliance Fee $120

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)

$140

Registered Agent and Registered Office fees

$450

Compliance Fee

$120

TOTAL per annum from 2nd year

Keeping Accounting Records , non-dormant, annually

$710

$50

 

Other services

Amendment of Memorandum or Articles (Extract), after 30 days

$400

Amendment of Memorandum or Articles (Extract), within 30 days

$350

Apostille

$175

Assessment of IBC’s tax [position against Seychelles taxes

From $400

Certificate of good standing

$135

Certificate of Incumbency

$135

Certification by Ministry of Foreign Affairs

$200

Certified True Copy of statutory documents, by Agent

$50

Changing Company Name, extract

$250

Company Search

$200

Compliance Revision Fee for closure of file

$250

Compliance Revision Fee, PEP case

$300

Corporate director (including Power of Attorney)

$350

CV for nominee

$70

Deposit for filling of Register of Directors (for IBCs with Director services)

$100

De-Registration

$300

DHL courier dispatch service

$110

Discontinuation from Seychelles

$1,400

Dissolution

$1,400

Drafting documents (resolutions, minutes, letters)

$50

Drafting Agreements, Contracts

From $200/hour

Filing of Register of Beneficial Owners

$100

Filling of Register of Directors with FSA

$100

General consulting on Seychelles legislative requirements

$200/hour

Individual director (including Power of Attorney)

$500

Issuing of share certificate

$15

Keeping accounting records, annually

$50

Legal opinion

On request 

Legalization in Chinese Embassy

$250

Legalization in Russian Embassy

$250

Legalization UAE Consulate in Seychelles

$1,500

Liquidator services (Assets distribution)

From $1,700

Liquidator services (no Assets)

$700

Local courier

$40

Merger

From $2,000

Name Approval, more than 30 days

$50

Nominee Corporate shareholder

$350

Nominee Individual shareholder

$500

Notarial Attestation (true copy, documents)

$50

Notarial Attestation of Signature (Authentication)

$100

Original utility Bill of nominee

$100

Police clearance certificate for nominee

$200

Power of attorney (APOLLO provides the nominee)

$150

Preparation of file for handover (statutory and accounting records)

$350

Redemption of shares documents

From $400

Registered Mail

$50

Registration of Charge

From $500

Restated Memorandum or Articles

$350

Revision Fee of documents (not accounting records)

$350

Revision of Accounting Records compliance (bi-annual basis), APOLLO provides the Director services), Holding companies

$200

Revision of Accounting Records compliance (bi-annual basis), APOLLO provides the Director services), Non-Holding companies

Min 300$ for first hour,
and thereafter $150/hour

Revision of CbC Reporting obligations

$300

Selfie verification of Director

$200

Signing documents by Nominee , per document

$50

Tax Certificate from SRC

$300

Tax Return

$500

TIN De-registration

$100

TIN Registration

$350

Translation

From $100

True Copy Articles, by Registrar

$100

True Copy of COI, by Registrar

$100

True Copy of Memorandum, by Registrar

$100

Video verification of Director

$350

 

* Please note that prices are reduced and are negotiable for professional clients seeking volume purchasing.
Contact the Seychelles head office for further details.

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