The Seychelles International Business Company (IBC) Company Formation
The Republic of Seychelles is a popular offshore jurisdiction because of the large number of privacy and tax advantages from which offshore companies incorporated there benefit, following the Seychelles International Companies Act. Incorporating an IBC in the Seychelles provides extensive confidentiality for the beneficial owners as company registers are not available for public inspection, and shareholders enjoy exemption from all local taxes and duties, including income tax, capital gains tax and corporation tax.
A company in the Seychelles must have a unique name, it may be in any language but the English translation must be approved. It must have a suffix of Corporation, Limited, Incorporated, GmBH, Societe Anonyme, or similar. The appropriate abbreviation can also be used.
It is a requirement that a Seychelles IBC must have a registered agent and a registered address where all official correspondence may be sent. This is provided as part of our incorporation service.
An IBC in the Seychelles requires only one director, this can be either an individual or a corporate entity and there is no restriction on nationality. As there is no public Director Register, directors’ details are confidential.
An IBC in the Seychelles requires only one shareholder there are no restrictions and nominee shareholders are permitted. As there is no public Shareholder Register, details of the company’s beneficial owners are confidential.
There is no minimum share capital and it may be expressed in any currency.
All companies are required to keep a record of their accounts and a copy of these are to be provided to the Seychelles Agent. Accounts records are filed twice a year 31 July and 31 January.
Holding of accounting records fee will be included in the annual renewals.
A pre-formatted annual report is to be filed every year no later than 31 December.
A Seychelles IBC can be incorporated in two days once all information and proof of identity have been accepted.
Seychelles Company Formation Fees
|Seychelles IBC Company Formation – 2 days||£710|
|Seychelles Ready Made Company – same day |
This includes the standard IBC company formation in the Seychelles plus:
|Company Administration & Registered Office (required)||£420|
|Full set of certified copies of primary documents Certificate of Incorporation, Memorandum and Articles, First Resolutions certified by Notary and Apostille for international use (required for Bank Accounts)||£280|
|Company Secretary (if required)||£400|
|Tax Identification Number (TIN) Application||£300|
|Tax Identification Number (TIN) Deposit||£100|
|Annual Renewal Fees|
|Annual Government License Fee||US$150|
|Directors Register Maintenance||£175|
The whole incorporation process can be completed online and we will administer the preparation and filing of all registration forms on your behalf.
Proof of Identity
As part of our due diligence we require proof of identity in the form of a passport copy for all directors and shareholders of the company.
You do not have to travel to the Seychelles to incorporate.