Seychelles – International Business Company Key Features

.

Seychelles International Business Companies (IBC) are useful alternatives to offshore companies established in jurisdictions such as the British Virgin Islands.

Seychelles International Business Companies are regulated by Seychelles’ International Business Companies Act, 1994.

IBC is the most common type of company incorporated in Seychelles. In 2019 there are more than 175,000 IBCs registered.

Example of the share certificate in Seychelles
Example of a “Certificate of Incorporation” in Seychelles

KEY FEATURES

Type of entity IBC
Type of law Hybrid
Taxation on foreign income 0%
Double taxation treaty access No
Disclosure of Beneficial Ownership to Government Authorities No
Change of Domicile permitted Yes
Registered Office In Seychelles
Share capital min paid up US$ 1.00
Bearer shares Not allowed
Directors min 1, no local requirements
Corporate directors Allowed
Publicly accessible records No
Requirement to keep accounting record Yes
Audit requirements No
Requirement to file accounts No
Publicly accessible accounts No
Requirement to file annual return Yes

 

RESTRICTIONS ON BUSINESS – Seychelles IBC cannot

  • Carry on banking as defined int the Financial Institution Act 1984 or Trust business
  • Carry on business as an insurance or a re-insurance company
  • Carry on the business of providing the registered office for companies

Step 1 – Approve the name

Name reservation is a fairly quick process. Approval is given almost immediately. The name of a limited company shall end with a word or abbreviation denoting a corporate body or limited liability. The most popular name-endings include any of words like “Limited”, “Corporation” or “Incorporated”; the words “Societe Anonyme” or “Sociedad Anonima”; the abbreviation “Ltd”, “Corp”, “Inc”, “GmbH”, “AG” or “S.A.”; or several other word or words, or abbreviations thereof.

Restrictions

Anything identical or similar to a company already incorporated. Anything that implies patronage of the Seychelles, or any other government, insurance, royal, imperial or any other name that may imply that a company intends to undertake a licensable or undesirable activity. Prohibited words include, for example “Bank”, “Building Society”, “Imperial”. The Registrar also has discretion to reject names that are indecent, offensive or misleading.

Language of the name

The name of a company may be expressed in any language, but where the name is not in English or French, a translation and transliteration of the name in English or French shall be given to the Registrar.

Step 2 – State corporate features of your future company

You can either fill in the Instruction form or simply send us the below details:

Authorised Capital

Share capital may consist of shares with a nominal or par value. A statement to that effect needs to be included in the Memorandum of Association and in the Articles of Association. Registration fee is irrespective of the amount of share capital; there is no limitation of the capital. Our standard Memorandum of Association provides that the authorised capital will consist of US$ 100,000 divided into 100,000 shares with a par value of US$ 1.00 each or no par value. The directors are duly empowered to issue registered shares. Should a client prefer, it can be stated in the Memorandum of Association that shares are of no par value.

Special Clauses

Unless there is a particular reason for requesting that an additional or special clause be included or a particular clause deleted, or that any other amendment be made, it is suggested that our existing standard Memorandum of Association and Articles of Association be used.

Directors

Provide us with Directors’ details. The minimum number of directors is one, who may be a natural person or a body corporate. They may be of any nationality and need not be residents of Seychelles. The directors’ names will never appear on any public document.

Shareholders

Provide us with Shareholders’ details. The minimum number of shareholders is one, who may be a natural person or a corporate body. They may be of any nationality and need not be residents of Seychelles. The shareholders’ names will never appear on any public document.

Step 3 – We register your company with the features of your choice

The documents of incorporation are the Memorandum of Association and the Articles of Association which we execute and submit for registration to the Registrar.

The documents of incorporation are checked by the Registrar. Upon approval a Certificate of Incorporation is issued within 2-3 hours as of the time the documents are lodged with the Registrar.

The documents which will be included in corporate set are as follows:

  • Certificate of Incorporation
  • Memorandum of Association
  • Articles of Association
  • Resolution of Subscribers appointing first director
  • Share certificates
  • Draft of first Resolution of Directors

Once the documents are ready the order is dispatched to you immediately by any courier service.

ORDER SEYCHELLES IBC COMPANY FORMATION

  • (*) Administration services agreement will start from the date of incorporation.
    (*) Assistance in banking services will be available for administration clients only.
  • 0,00 €
    We will send you a detailed quotation after we have proceed your offer request. Payment options: Wire-Transfer, Credit Card, Bitcoin

 

COUNTRIESSEYCHELLES – IBC KEY FEATURES

Novasigma provides international accounting services, company formation services, legal, business and tax advisory services | Terms of Use & Terms of Business | © 2019 NOVASIGMA Global - Accounting & Law Cooperative ("NOVASIGMA LIMITED"). Member firms of the NOVASIGMA Global - Accounting & Law network of independent firms are affiliated with NOVASIGMA Global - Accounting & Law. NOVASIGMA Global - Accounting & Law provides no client services. No member firm has any authority to obligate or bind NOVASIGMA Global - Accounting & Law or any other member firm vis-à-vis third parties, nor does NOVASIGMA Global - Accounting & Law have any such authority to obligate or bind any member firm. Independent registered advisers, lawyers and accountants are not owned by, affiliated with or supervised by Novasigma or its affiliates. Novasigma provides custody, trading and operational support services for advisers, lawyers and accountants. Not all products and services available through Novasigma and its affiliates are available through advisers, lawyers or accountants. Registration does not imply a certain level of skill or training. Depending on jurisdiction there might be eligibility requirements to work with a dedicated Financial Consultant, Lawyer or Accountant. Wealth management, accounting, audit and legal services refers to products and services available through the operating subsidiaries of the Novasigma Corporation of which there are important differences including, nut not limited to, the type of advice and assistance provided, fees charged, and the rights and obligations of the parties. It is important to understand the differences when determining which product and/or services to select. Novasigma provides a full range of business, financial, banking and tax advisory, accounting and legal services through its operating subsidiaries.

All rights reserved. NOVASIGMA is a trademark of Novasigma Ltd. Online services by NOVASIGMA LIMITED - Victoria, Mahe Island, Seychelles.

bitpay
Bitpay
Latvijas Pasta Bank
NTL Immigration
CM Asesores
Blue Orange Bank