Seychelles
General Information
Location
The Seychelles is an independent nation in the Indian Ocean near the coast of eastern Africa composed of several islands.
Government
The country is a self-governing democracy and a member of the Commonwealth and the United Nations.
Benefits
The Seychelles offers a wide variety of services to the international community, including offshore banking, insurance and investments. Of particular interest is the International Business Company, which is an inexpensive, flexible and simple type of company that can be used for many purposes.
Seychelles International Company
The International Business Company's Acts 1994 was enacted to provide a comprehensive regime for the incorporation, regulation, operation and taxation of International Business Companies. This piece of legislation is extremely flexible and provides for a minimum of disclosure. Meetings need not take place in the Seychelles, and there is no necessity to report changes in shareholders, directors and mortgages to the Registrar.
Characteristics of Seychelles Companies
Taxation
International Business Companies are not subject to taxation within the Seychelles. Shareholders
An International Business Company need only one shareholder and shares can be issued in bearer or registered form. Details of the shareholders do not appear on the public file, although a Register of Members must be maintained.
Directors
A minimum of one director is required and corporate directors are permitted. Details of the directors do not appear on the public file, although a Register of Directors must be maintained.
Annual Reporting
International Business Companies are not required to file either an annual return or accounts.
Processing Time
Incorporation can nromally be achieved within 14 days. We do not keep ready-made companies in stock.
Restrictions on Name and Activity
The following words cannot be used: Assurance, Bank, Building Society, Chamber of Commerce, Chartered, Co-operative, Foundation, Government, Imperial, Insurance, Municipal and Trust, or any other words which suggest the patronage of any Government. All company names must end with Limited, Corporation, Incorporated, Societe Anonyme or a similar recognised alternative.
Local Requirements
As a matter of local company law the company MUST maintain a registered office address within the Seychelles and must also appoint a Seychelles resident as a registered agent. We would generally provide these services as part of the domiciliary service fee.
Secrecy
There are no specific statutory provisions governing secrecy in relation to companies but English Law, which applies within the jurisdiction, does impose a common law duty on professionals to keep the affairs of their clients confidential.
Registration and Maintenance Fees
Registration fee
Our registration fee for a comapny with a share capital is US$888. The fee covers first year licence fee, first year registered agent fee and first year registered office fee.
Annual Maintenance fee
Annual maintenance fee is USD650 which covers annual licence fee, annual registered agent fee and annual registered office fee. |
