Advantages
Flexible legislation.
Very cost effective with low annual fees.
International Business Companies are exempt from all
Seychelles taxes
Disadvantages
Not recommended for high profile trading operations
Company Status
International Business Company
Corporate legislation source
Common Law International Business Companies Act 1994
Company name
Certain words are prohibited, e.g. Assurance, Bank, Building
Society, Insurance, etc. Names must end with an appropriate suffix
such as ‘Incorporated’, ‘Societe Anonyme’, ‘Limited’ etc.
Time taken to incorporate
2 - 3 days
Are shelf companies available?
Yes
Usual minimum capital
None
Capital Duty
0-5000 = US$100, 5001-50,000 = US$300, 50,001+ = US$1000
Minimum number of shareholders
One
Are bearer shares/shares of no par value possible?
Yes/Yes
Directors: minimum number/corporate: directors allowed/location
One/Yes/No restriction
Secretary: mandatory/corporate Resident: secretary allowed/location
No/Yes/No restriction
Is there a requirement for a Registered Office/Registered Agent?
Yes/Yes
Is any information required by the authorities prior to incorporation or prior to tax status being granted?
None
What information is available on the public file?
Memorandum & Articles of Association, Registered Office
& Registered Agent.
What documents must be kept at the Registered Office?
Copies of the Register of Members and Register of Directors
Corporate books & seal
Registers above
Are accounts required/filed?
No/No
Is an annual return required?
No
Where are meetings to be held?
No restrictions
Annual fees payable to the government: Tax/Annual Return Filing Fee
See "Capital Duty" above / US$200
Are there any exchange controls?
None
