Seychelles offshore company

Seychelles map Seychelles are situated in the Indian Ocean southward of equator with total territory of 176 sq miles and population about 78 000 people. There are three official languages: English, French and local Creole. National currency of Seychelles is Seychelles rupee. 1 USD=6.50 SCR.

The vast majority of companies formed in the Seychelles for offshore purposes are incorporated under the International Business Companies Act 1994.
However this law did not supersede the existing Companies Law 1942, which is based on English law and is used to form various types of company used by businesses trading in the Seychelles, and also for offshore businesses which are not permitted to use the IBC form, such as banks, insurance companies and mutual funds.

Seychelles Companies formed under the Companies Act 1942 can be private companies limited by shares, by guarantee, or hybrid; or they can be unlimited, but that is rare. Public companies can also be formed under the Act.

The best offshore tool in Seychelles: International Business Company (IBC)

OUTSTANDING FEATURES:

Advantages

Stable political and economical environment;
Relatively low costs of company registration;

Corporative legislation

The International Business Companies Act, 1994 Business Tax Act, 1997;

Form of tax-exempted company

IBC (International Business Company);

Authorized business activities

All and any activities not prohibited by the law. Providing of banking, insurance and re-insurance, trust services is subject to special license;

Prohibited activities

Transactions with the residents of Seychelles, ownership of real estate on the territory of Seychelles;

Taxation

IBC company is discharged from Business Tax, withholding tax and Stamp Duty;

Name of company

Name of the company can be in registered any language (must be translated into English or French). Words Limited, Corporation, Incorporated, Societe Anonyme or Sociedad Anomina,Public Limited Company, Societe, a Responsabilite Limitee, Berhad, Proprietary, Namloze Venootschap, Besloten Venootschap, Aktiengesellschaft or Limited Life Company or abbreviations Ltd, Corp, Inc, S.A., PLC, S.A.R.L, Bhd, Pty, NV, BV, A.G. or LLC will be a part of every companies name;

Who executes the foundation documents?

Two signatories, whose functions are limited to signing of the foundation documents and nomination of the first director;

Statute capital of the company

No requirements;

Offered statute capital

5,000 USD;

Shares

Both registered and bearer shares- class, sort and share departments by owners selection;

Shareholders
- Minimum number
- Nominal shareholders
- Holders of trust equities

One(legal or natural entity);
Yes;

Does the law provide for non-disclosure of the information?
- About actual owner of the company
- About bank transactions

Yes;
Yes;

Directors
- minimum number
- nationality and citizenship
- status

One (can be a legal entity);
Any nationality, does not have to be a resident ;
All the powers apart from those falling into exclusive competence of shareholders (as determined by memorandum, articles of association and/or the law);

On the territory of Seychelles there has to be:
- registered office
- registered agent

Required;
Required;

Holding of the meeting of
-shareholders
-directors

Not required;
Not required;

Mandatory
- keeping of accounting records
- annual account
- presentation of auditors conclusion >

No;
No;
No;

Information at disposal of third party

Complete anonymity. Copies of the following documents are information at disposal of third party: statute, constitution agreement of company, evidence of registration;

Documents kept at the registered office

Place of keeping documents any (must inform the registrar (Seychelles International Business Authority) where the documents are kept);

Agreements on exemption from double taxation

China, Indonesia;

Currency control

No;

Term of incorporation

3 weeks;

Costs of registration of company

Look below

Financial year ending on:

In 60 days before the anniversary of incorporation/formation

Possibility to purchase a ready-made company

Yes

IBCs are permitted various activities within the Seychelles without compromising their offshore status under the Act; these include:

professional contacts with lawyers, accountants etc.;
preparation and maintenance of books and records;
the holding of directors' or shareholders' meetings;
ownership of shares in other Seychelles offshore companies, whether under the Act or the 1942 Companies Law;
ownership of Government or Central Bank securities;
ownership of a vessel registered in Seychelles.

Seychelles Bank Account Introduction Form In case you require bank account in Seychelles, please complete this form and send back to us by mail, e-mail or courier.

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Asset Protection s.r.o. is not a law firm and does not provide legal advices or legal services. We recommended to consult licensed professionals with regards to local tax and legal matters.

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