THE MAIN CHARACTERISTICS OF SEYCHELLES COMPANY

General

Type of entity IBC
Type of law Hybrid
Shelf company availability Yes
Our time to establish a new company 2 days
Minimum government fees (excluding taxation) USD 100
Corporate Taxation Nil
Double taxation treaty access Yes

Share Capital or Equivalent

Standard currency USD
Permitted currencies Any
Minimum paid up USD 1
Usual authorised USD 100,000

Directors

Minimum number One
Local required No
Location of meetings Anywhere
Publicly accessible records No

Shareholders

Minimum number One
Publicly accessible records No
Location of meetings Anywhere

Company Secretary

Required No
Local or qualified No

Accounts

Requirement to prepare Yes
Audit requirements No
Requirement to file accounts No
Publicly accessible accounts No

Other

Requirement to file annual return No
Change in domicile permitted Yes

Presentation of jurisdiction

The Seychelles is a group of islands in the Indian Ocean comprising over one hundred named islands, having Mahé as its largest main island. Discovery of the Islands is credited to the Portuguese explorer Vasco de Gama. The Seychelles economy is primarily based on tourism and fishing, building and offshore industries. Since 2007 offshore industries had started booming, and IMF has forecasted a constant increase in its GDP.

Who should chose Seychelles Company and for which activities?

Who?

  • Entrepreneurs;
  • Consultants;
  • Offshore insurance companies;
  • Stockbrokers.

Which activities?

  • Licensing of offshore banks;
  • International trade;
  • Management of mutual funds;
  • Marketable securities;
  • E-Commerce;
  • Offshore banking;
  • Offshore insurance business.

INTEREST OF THE JURISDICTION OF SEYCHELLES

Advantages of a company in Seychelles:

  • No corporate taxation – 0%.
  • Not yet widely perceived as a tax haven.
  • Account filing is not required.
  • No disclosure of beneficial ownership to authorities.
  • No minimum capital requirement.
  • Shares may be registered and issued in any currency.
  • No returns are needed for shareholders, directors or officers.
  • Excellent communications.

Disadvantages of a company in Seychelles:

  • Lack of public registers can hinder proving ownership.
  • Not recommended for high profile trading operations.

How to proceed

To incorporate or purchase a company the following documentation should be provided:

  • A completed application form signed by the company or by the representative;
  • Copy of valid passport;
  • A personal bill, which is less than 3 months old from the date of the application;
  • Payment of our fees.

Note: additional documents may be required depending on the certain offshore bank.

Set-up time: From the moment, we are in possession of all required documents:

  • Incorporation of a company or purchase of an existing company: 3 days;
  • Delivery of the original company documents: 15 days;
  • Offshore Bank: offshore bank account opening: 3 weeks.