Seychelles IBC
General Information
General Information
| Location | The Seychelles (comprising 117 islands) is located in the Indian Ocean between 4 and 5 degrees south of the equator |
| Capital | Victoria |
| Population | About 87,000 |
| Language | English, French, Creole |
| Legal System | Modelled on English and French law, with “offshore” and corporate laws heavily statute and Common Law-based |
| Currency | Seychelles rupee (approx. USD 1 : SCR 14.2) |
| Exchange Control | Seychelles offshore companies are exempt from exchange controls |
| Economy | The Seychelles economy is primarily based on tourism, commercial fishing and a thriving offshore financial services industry. Recent years have seen substantial expansion in the financial services sector and the hotel and tourism sector (Hilton, Banyan Tree, Four Seasons, Shangri-la, Le Meridien, etc) |
| Time Zone | GMT +4 |
| Major Banks | Barclays Bank (Seychelles), Mauritius Commercial Bank and Nouvobanq |
| Principal Corporate Legislation |
- International Business Companies Act, 1994 - International Trust Act, 1995 - Companies (Special Licences) Act, 2003 - Limited Partnerships Act, 2003 |
Company Incorporation
- Incorporation fee for a company with share capital less than USD 100,000 of 100,000 shares is USD 888 included government fee, professional fee, registered agent fee, registered address.(For company with English name only)
- Required at least one director and one shareholder
- Due diligence of the beneficial owners, director(s) and shareholder(s) are required
- A scan copy of Certificate of incorporation is available in 2 working days
Features & Benefits
- Value for money - a low annual fee of irrespective of the IBC’s authorised capital
- Nil Seychelles taxation on foreign income
- Privacy and asset protection – including no public filing of details of shareholders or directors
- Minimum number of directors – 1 (corporate directors allowed)
- Minimum number of shareholders – 1 (corporate shareholders allowed)
- The Seychelles is a stable and independent country, and is therefore not subject to ever-growing EU directives (which are increasingly impacting on European dependent territories)
- Both the English and Chinese character name can be included in a company's Certificate of Incorporation
- An Annual Return in the form of a written declaration shall be furnished to Offshore incorporations (Seychelles) Limited by 31 December of each year
- Book Keeping is required
- Annual audit is not required
