Seychelles Company (IBC). Seychelles Company Registration.
Worldwide Incorporation Services specializes in Seychelles company registration and opening bank accounts.
Seychelles – General Information
Seychelles Company Formation – Overview
The Seychelles is an archipelago that is located in the Indian Ocean to the east of Africa. In 1994, this island nation passed legislation known as the Seychelles IBC Act. This created a system for offshore companies to be formed on the Seychelles. These International Business Companies, known more commonly as Seychelles IBCs, allow foreign individuals and companies to form a limited liability corporation on the Seychelles with all of the powers of a natural person. All of this with zero corporate tax and strong privacy provisions.
THe advantages of Seychelles Company formation
Strong Protections Against Disclosure of Information
The ultimate reasons for forming a Seychelles IBC can be quite varied. However, most parties share one thing in common in forming one, they want and expect high levels of privacy and absolute confidentiality. A Seychelles tax haven offers one of the highest degrees of privacy. At no time are the identities of the beneficial owners, directors or shareholders ever made public. In the Seychelles, the public registration records for a Seychelles IBC are recorded by the Registrar of Companies. When forming a Seychelles IBC, the only information that is kept by this registrar is the name and address of the registered agent, the Memorandum of Association and the Articles of Association. The names of the shareholders and directors are only kept by the registered agent. The registered agent is retained by you to receive notifications. The registered agent is a third-party that has no direct connection to the Registrar of Companies. Any documentation held in their care is treated as confidential to you and cannot be revealed to anyone. The laws regarding the release of such information by a registered agent are very tight.
The Seychelles are not party to any double taxation treaty with any other country. They are also not party to the European Union Savings Tax Directive. This makes it very difficult, some would say impossible, for a Seychelles IBC in legitimate operation to ever have their information shared with a foreign government or institution.
This makes the Seychelles tax haven one of the tax havens with the tightest level of privacy in the world.
A Seychelles Tax Haven is Truly Tax-Free
The fundamental element of a tax haven is minimizing the tax burden. A Seychelles IBC is not responsible for any tax on earnings of any kind. These include profits, dividends and capital gains. Even when property is transferred by the Seychelles IBC no stamp duty is incurred. It is truly a tax-free entity.
All that is required to maintain this tax-free status is for the Seychelles IBC not to own real estate in the Seychelles and for it not to conduct business within the country. Aside form that, the only other limitation is that the Seychelles IBC may not engage in banking or insurance related business operations without an accredited license for those activities. This means that for the vast majority of individuals and companies seeking tax relief, a Seychelles tax haven is open to them.
Key Benefits of Seychelles Company Formation
- 0% corporate tax
- 0% capital gains tax
- 0% profit tax
- 0% gift tax
- 0% sales tax / Value Added Tax
- 0% inheritance tax
- Exemption from all local taxes and stamp duty
- Maximum confidentiality and anonymity
- Ease of operation, maintenance and control
- Asset security
- No disclosure or minimum capital requirements
- A minimum of one shareholder is required for Seychelles IBC
- A minimum of one director is required for Seychelles IBC
- Incorporations within 1-2 days
- Excellent and flexible post-incorporation follow-up services
- No statutory requirement to hold annual general meetings
- Highly competitive fees and costs
Seychelles Company Formation – Legislation
Principal Corporate Legislation
Seychelles IBC Act 2016.
Type of Law
Language of Legislation and Corporate Documents
Type of Entity for International Trade, Investment & Tax Planning
Standard authorised share capital is US$100,000. Minimum paid up share capital is US$1.
Classes of Share Available
Registered shares, shares of no par value, preference shares, redeemable shares and shares with or without voting rights.
Restrictions on Trading
Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted.
Registered Agent Required
Registered Office Required
Yes, must be maintained in the Seychelles.
The minimum number of directors is one. Director can be of any nationality and need not be resident in Seychelles. Corporate directors are permitted.
The minimum number of shareholders is one.
Publicly Accessible Records
Nominee Shareholders and Nominee Directors
Location of Meetings of Directors and Shareholders
Personal Presence Required
Double Taxation Treaty Access
Requirements to File Accounts
Requirement to File Annual Return
Seychellois Rupee (SCR).
Time to Incorporate
Name of an IBC
Language of Name
Words such as “Assurance”, “Bank”, “Building Society”, “Royal”, “Trust”, “Trustee” etc. will require justification.
Name of an IBC
The words “Limited”, “Corporation” or “Incorporated” or the abbreviations “Ltd”, “Corp”, “Inc” (or PCC for protected cell companies) must be part of the name of every IBC.
Seychelles Company Formation Prices
Seychelles Company Formation Package Includes:
- Seychelles Company Name Check
- Initial Business Approval
- Preparation of Application Documents
- Company Registration Fee
- Registered Office Address for 1 year
- Registered Agent Services for 1 year
- Government filing fee
- Certificate of Incorporation
- Memorandum & Articles of Association
- Minutes of first meeting appointing the director(s)
- Share Certificate(s)
- Register of shareholders
- Register of directors
Starting at: $540
Seychelles Shelf Companies
We have a number of Seychelles shelf companies available as of today.
Why Choose Worldwide Incorporation Services?
Seychelles Company Formation – Office Addresses
Services offered in Seychelles
Worldwide Incorporation Services provides the following services related Seychelles Company Formation:
- Company Formation
- Registered Office and Agent Services
- Secretarial Services
- Nominee Shareholder/Nominee Director
- Opening of Bank Accounts
- Full Administration Services
- Mailing Address
- Virtual Office
- Trademark Registration
- Yacht Registration
Worldwide Incorporation Services | Seychelles Company Formation
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