STATUTORY REQUIREMENTS OF A SEYCHELLES COMPANY

Type of company for international Trade and Investment.  The Seychelles International Business Company.

Restrictions on Trading.  Cannot trade within the Seychelles or own real estate there. Cannot undertake the business of banking, insurance, assurance, reinsurance, fund management, asset management (other than the company's own assets) or any other activity that would suggest an association with the banking and insurance industries. A Seychelles IBC cannot provide registered office facilities in the Seychelles, or sell its shares to the public.

Powers of Company.  A Seychelles incorporated Company has the same powers as a natural person.

Registered Office Required.  Yes, must be maintained in the Seychelles at the office of a licensed Registered Agent.

Name Restrictions.  Anything identical or similar to a company already incorporated. Anything that implies patronage of the Seychelles, or any other government, insurance, royal, imperial or any other name that may imply that a company intends to undertake a licensable or undesirable activity.

Language of Name and Corporate Documents.  The name can be in any language, but must be accompanied by a translation in English or French. The documentation will either be in English, or it is possible to have bilingual documentation in English and Chinese or any other language accompanied by a translation in English or French.

Suffixes to Denote Limited Liability.  The name of an IBC must end in one of the following: Limited, Corporation, Incorporated, Société Anonyme or their abbreviations. A wide variety of other suffixes such as BV, GmbH, and SARL may also be used.

Disclosure of Beneficial Ownership to Authorities.  The Seychelles government requires all entities registered in the countries to submit annually an Ultimate Beneficial Owners’ (UBO) Declaration.  The declaration is held as an electronic or paper register with the company's registered agent's office in Seychelles, and may on request be shared with 1. Seychelles Anti-corruption Bureau 2. Central Bank 3. Seychelles police 4. Seychelles Financial Intelligence Unit and Seychelles tax authority.

The UBO declaration includes information such as i.  Name and address of each beneficial owner  2. Details of the beneficial interest. A company filing to maintain the UBO register will be liable to a fine.  However, the register is not available for public inspection.

Authorised and Issued Share Capital.  Seychelles IBCs are normally incorporated with an authorised share capital of US$100,000 with par value. The authorised share capital may be expressed in any currency. The minimum issued capital is either one share of no par value or one share of par value.

Classes of Shares Permitted.  Registered shares, shares of no par value, preference shares, redeemable shares and shares with or without voting rights.

Directors.  The minimum number of directors is one, who may be a natural person or a body corporate. They may be of any nationality and need not be resident in the Seychelles.

Company Secretary.  A Seychelles IBC need not appoint a company secretary, although it is customary to do so. The secretary may be a natural person or body corporate, be of any nationality and need not be resident in the Seychelles.

Shareholders.  The minimum number of shareholders is one.

Taxation.  An International Company is exempted from local taxation.

Accounting records requirements.  Please refer to Frequently Asked question.

Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal or other professional advice. We do not accept any responsibility, legal or otherwise, for any error omission.