Seychelles

General Information

The Seychelles is an archipelago that is located in the Indian Ocean to the east of Africa. In 1994, this island nation passed legislation known as the International Business Companies Act. This created a system for offshore companies to be formed on the Seychelles. These International Business Companies, known more commonly as Seychelles IBCs, allow foreign individuals and companies to form a limited liability corporation on the Seychelles with all of the powers of a natural person. All of this with zero corporate tax and strong privacy provisions.

 

Advantages of Seychelles Company

  • 0% corporate tax
  • 0% capital gains tax
  • 0% profit tax
  • 0% gift tax
  • 0% sales tax / Value Added Tax
  • 0% inheritance tax
  • Exemption from all local taxes and stamp duty
  • Maximum confidentiality and anonymity
  • Ease of operation, maintenance and control
  • Asset security
  • No disclosure or minimum capital requirements
  • Minimum one shareholder is required
  • Minimum one director is required
  • No statutory requirement to hold annual general meeting

Formation fees

$99

Starting From
  • Incorporation fee
  • Registered office address (1st Year)
  • Registered Agent Service fee (1st year)
  • Company Secretarial Services (1st year)
  • Company registration

Bank Account Opening

$99

Starting From

Corporate Bank Account opening in Singapore

Characteristic Of Seychelles Company

Principal Legislation International Business Companies Act 1994 as amended.
Type of Law Common
Share capital Standard authorised share capital is USD100,000. Minimum paid up share capital is USD1.
Classes of Shares Available Registered shares, shares of no par value, preference shares, redeemable shares and shares with or without voting rights.
Bearer Shares Not permitted
Restriction on trading A Seychelles offshore company cannot trade within the Seychelles. Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted.
Registered office Each Seychelles company must have a Registered Office in Seychelles, provided by a licenced service provider.
Directors Minimum one director. Director can be of any nationality and need not be resident in Seychelles. Corporate directors are permitted.
Shareholders Minimum one shareholder
Publicly Accessible Records No
Nominee Shareholder/Director Allowed
Location of Meeting Anywhere
Personal presence required No
Double Taxation Treaty access None
Requirement of file accounts / annual return None
Audit requirement None
Exchange control None
Company name restricted words Words such as “Assurance”, “Bank”, “Building Society”, “Royal”, “Trust Company”, “Trustee Company” etc. will require justification.
Permitted Company Name The words “Limited”, “Corporation” or “Incorporated” or the abbreviations “Ltd”, “Corp”, “Inc” (or PCC for protected cell companies) must be part of the name of every Seychelles company.

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