• Seychelles CSL Company

  • GENERAL

    Legal Framework

    The Seychelles Special License Company is governed by the Companies "Special License" Act 2003.

    Special Characteristics

    A Seychelles Special License Company is taxed at a flat rate of 1.5% on its worldwide income. It is considered as a tax resident of Seychelles for the purposes of double tax treaties concluded by Seychelles.

    A Seychelles Special License Company may be used for the specific provisions indicated in the Seychelles Companies "Special License" Act 2003 unless otherwise given express permission by the Seychelles International Business Authority (SIBA). These include the following:

    • An investment company.
    • A holding company.
    • A marketing company.
    • An intellectual property holding company.
    • A headquarters company.
    • A human resources company.
    • A franchise company.
  • SHAREHOLDERS

    Liability of Shareholders

    The liability of the shareholders of a Seychelles Special License Company is limited up to the unpaid amount of the shares they hold.

    Minimum Number of Shareholders

    The minimum number of shareholders of a Seychelles Special License Company is 2 and the maximum is unlimited.

    Restriction on Nationality/Residency of Shareholders

    There is no restriction on the residency of the shareholders of a Seychelles Special License Company.

    Corporate Shareholders

    The shareholders of a Seychelles Special License Company can be individuals and/or legal persons.

    Nominee Shareholders

    The use of nominee shareholders is allowed but by law the shareholder would be treated as th real shareholder and beneficial owner.

  • DIRECTORS

    Minimum Number of Directors

    The minimum number of directors of a Seychelles Special License Company is 2.

    Restriction on Nationality/Residency of Directors

    There is no restriction on the nationality or residency of the directors of a Seychelles Special License Company.

    Corporate Directors

    Corporate directors are not allowed.

  • SHAREHOLDER MEETINGS

    Shareholder Meetings

    A Seychelles Special License Company needs to hold an annual general meeting. The annual general meeting can take place anywhere in the world.

    In addition, shareholders can vote by a proxy or by telephone.

  • CAPITAL

    Minimum Capital Requirement

    The minimum capital requirement for a Seychelles Special License Company is US$1. At least 10% of the capital should be paid-up.

    Currency of Capital

    The share capital can be denominated in any currency except for SCR.

    Non-par Value and Bearer Shares

    Bearer shares and non-par value shares are not allowed.

    Capital Duty

    There is no capital duty on the issuance of shares of a Seychelles Special License Company.

  • REGISTERED OFFICE

    Registered Office

    A Seychelles Special License Company is required to have a registered office in Seychelles.

    Company Secretary / Registered Agent

    A Seychelles Special License Company is required to appoint a local licensed registered agent, whose name appears in the company's Memorandum and Articles of Association.

    A Seychelles Special License Company is required to have a local secretary. The company secretary can be an individual or a legal person.

  • FOREIGN INVESTORS

    Restrictions on Foreign Investors

    There are no restrictions on foreign investors investing in a Seychelles Special License Company.

  • FORMATION

    Time Needed for Incorporation

    It usually takes 10 days to register a Seychelles Special License Company.

    Shelf companies are not available.

  • CONFIDENTIALITY

    Beneficial Owners

    The details of the beneficial owner are disclosed to the service provider and the Authorities but are not available on public record.

    Registered Shareholders

    The details of registered shareholders are not available on public record (but are filed with the Authorities).

    Directors

    The details of directors are not available on public record (but are filed with the Authorities).

    Financial Statements

    The accounts are not publicly accessible (but are filed with the Authorities).

  • FILING REGUIREMENTS

    Filing with the Registrar of Companies

    A Seychelles Special License Company is required to file an annual return within 90 days from its financial year-end. The annual return includes the annual accounts of the company.

    Filing with the Tax Authorities

    A Seychelles Special License Company needs to file an annual tax return by 31 March each year.

  • RECORDS

    Accounting Records

    A Seychelles Special License Company needs to maintain accounting records. These can be maintained in any country and in any currency.

    Financial Statements

    A Seychelles Special License Company is required to prepare annual financial statements under GAAP.

    There is no requirement for consolidated financial statements.

  • AUDIT

    Audit Requirement

    A Seychelles Special License Company is required to have its annual accounts audited.