Republic of Seychelles

General information

The Seychelles is a group of over 100 small islands located at the centre of the Indian Ocean with a population of approximately 87,500.

 

Currency: Seychelles Rupee
Language: Official language is Selsewa, but English is the official language for international business
Type of law: Based on English Common Law and French Civil Law
Type of Company: International Business Company (IBC)

Principal Corporate Legislation:

The International Business Companies Act 1994
Uses: Commercial and trading activities, subject to trading restrictions as below
Trading Restriction:

Companies can be formed for all lawful objects except banking, trusteeship and trust administration, insurance, assurance, reinsurance, fund management, investment funds, collective investment schemes or any other activity that would suggest an association with the banking, finance and fiduciary or insurance business.

Cannot trade within Seychelles or own real estate in Seychelles

Company name:

Restriction: Cannot be in conflict with pre-existing company name.  Certain words are prohibited, such as Assurance, Bank,  Building Society, etc
Language: Any languages using Latin alphabet.
Suffixes: All company names must end in one of the following words or abbreviations: Limited, Corporation, Incorporated, Société Anonyme, Sociedad Anónima

Language of legislation and corporate documents:

English 
Taxation: Full exemption from taxation for any business activity or transaction carried out outside Seychelles
Annual license fee: USD100

Double Tax Treaty Network:

Party to double tax treaties with many countries, but they are not applicable to International Business Company (IBC)

Registered Agent / Office:

The IBC must have a registered office is Seychelles and a Registered Agent who is a resident of Seychelles
Shareholders: Minimum number: One
Publicly accessible records: No
Register of Shareholders:  Must be kept at the Registered Office

Disclosure of Beneficial Owner:

Not publicly available
Directors: Minimum: One. Can be corporate or natural person
Nationality: No restriction
Publicly accessible records: No
Location of meetings: No restriction.
 Secretary: Local or qualified: No restriction
 Share capital: Permitted currency: Any
No minimum or maximum capital requirement.
Nominative/registered or bearer shares allowed 
 Annual Reporting: No requirement to file annual returns or financial statements
 Shelf company: Yes