Ready made companies
Brief jurisdiction description
The Seychelles is an independent democratic republic with a presidential style of government. The Seychelles became self-governing in 1975 and gained independence within the Commonwealth of Nations in 1976. Since independence per capita out-put in this Indian Ocean archipelago has expanded to roughly seven times the old near-subsistence level.
Company law
Companies Ordinance 1972, International Business Companies Act 1994 as amended, Companies (Special Licenses) Act 2003, the Protected Cell Companies Act 2003.
A type of company preferred for international transactions
International Business Companies (IBCs).
Capital requirements
There is no requirement for capital minimum.
Who may incorporate
Locally licensed International Corporate Service provider. Ready made
companies are available.
Method of incorporation
Once the Memorandum and Articles of association are presented to the Registrar and these comply with the law, a Certificate of Incorporation is issued.
Minimum shareholders/members
An IBC only needs to have one member.
Directors and company secretary
All companies are required to have resident company secretary. Director can be a resident of a foreign country. Corporate directors are allowed. Important to know, that any appointment as a director needs to be registered. A person with the director influence can be considered as a director, there is no provision for their registration.
Registered office
Must be maintained at the office of a mandatory Licensed Registered Agent.
Annual fees paid to authorities
USD 100.
Taxation rates, exchange control, audit, other financial restraints
All IBCs are subject to zero taxation in Seychelles; the annual return and the disclosure of profits are not required; financial statements need not be audited; no exchange control or other financial control is imposed.
Meetings
Meetings in Seychelles are not essential. Meetings by telephone and other electronic means are possible. Directors will arrange meetings upon shareholders demand, who have 50% of shares.
International Business Companies are allowed to take up various activities within Seychelles without compromising their offshore status. For instance, IBCs are permitted to have professional contacts with lawyers, accountants etc.; prepare and maintain books, records; own shares in other Seychelles companies, own Government or Central Bank securities, own vessels registered in Seychelles.
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- A brochure of Company Express Group describes services offered and characteristics of most popular offshore jurisdiction.