• Seychelles IBC

  • GENERAL

    Legal Framework

    The Seychelles IBC is governed by the International Business Companies Act 1994.

    Special Characteristics

    A Seychelles IBC is exempt from any form of taxation and withholding taxes is Seychelles. It is not considered though as a tax resident of Seychelles for the purposes of double tax treaties concluded by Seychelles.

    However, a Seychelles IBC is prohibited from:

    • Trading within Seychelles;
    • Owning real estate in Seychelles;
    • Undertaking the business of banking, insurance, reinsurance, fund management, asset management (other than the company's own assets) or any other activity that would suggest an associations with the banking and insurance industries;
    • Selling its shares to the public.
  • SHAREHOLDERS

    Liability of Shareholders

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

    Minimum Number of Shareholders

    The minimum number of shareholders of a Seychelles IBC is 1 and the maximum is unlimited.

    Restriction on Nationality/Residency of Shareholders

    There is no restriction on the residence of the shareholders of a Seychelles IBC.

    Corporate Shareholders

    The shareholders of a Seychelles IBC can be individuals and/or legal persons.

    Nominee Shareholders

    The use of nominee shareholders is allowed.

  • DIRECTORS

    Minimum Number of Directors

    The minimum number of directors of a Seychelles IBC is 1.

    The shareholder of a single-shareholder Seychelles IBC can also act as the director of the company.

    Restriction on Nationality/Residency of Directors

    There is no restriction on the nationality or residency of the directors of a Seychelles IBC.

    Corporate Directors

    The directors of a Seychelles IBC can be both individuals and corporate bodies.

  • SHAREHOLDER MEETINGS

    Shareholder Meetings

    There is no requirement for a Seychelles IBC to hold annual general meetings.

    Should it be deemed necessary by the shareholders of a Seychelles IBC to hold an annual general meeting then it can be held 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 IBC is US$1.

    Currency of Capital

    The share capital can be denominated in any currency.

    Non-par Value and Bearer Shares

    Shares can be issued at a par or a non-par value.

    Bearer shares are not allowed.

    Capital Duty

    There is no capital duty on the issuance of shares of a Seychelles IBC.

  • REGISTERED OFFICE

    Registered Office

    A Seychelles IBC is required to have a registered office in Seychelles.

    Company Secretary / Registered Agent

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

    There is no requirement for a Seychelles IBC to have a company secretary. Should it be deemed necessary to appoint a company secretary then it can be an individual or legal person resident anywhere in the world.

  • FOREIGN INVESTORS

    Restrictions on Foreign Investors

    There are no restrictions on foreign investors investing in a Seychelles IBC.

  • FORMATION

    Time Needed for Incorporation

    It usually takes between 1 - 2 business days to register a Seychelles IBC.

    Shelf companies are available.

  • CONFIDENTIALITY

    Beneficial Owners

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

    Registered Shareholders

    The details of registered shareholders are not available on public record.

    Directors

    The details of directors are not available on public record.

    Financial Statements

    The accounts are not publicly accessible.

  • FILING REGUIREMENTS

    Filing with the Registrar of Companies

    A Seychelles IBC is required to file an annual return within 90 days from its financial year-end.

    Filing with the Tax Authorities

    There is no requirement for a Seychelles IBC to submit an annual tax return.

  • RECORDS

    Accounting Records

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

    Financial Statements

    A Seychelles IBC is required to maintain such accounts as its Directors deem necessary to reflect the financial position of the company at any given time.

  • AUDIT

    Audit Requirement

    A Seychelles IBC is not required to have its accounts audited.