Incorporating a company in Seychelles is a popular choice for entrepreneurs and businesses seeking a favorable tax regime, confidentiality, and a stable legal environment. Seychelles offers a simple, fast, and cost-effective process for company formation, making it an attractive jurisdiction for international business
Types of Companies in Seychelles
- International Business Company (IBC): This is the most common form of company in Seychelles, typically used for international trading, holding assets, and other business activities. IBCs offer confidentiality, tax exemptions, and flexible management structures.
- Seychelles Special License (CSL) Company: This type of company is suitable for businesses looking to operate locally and internationally, with the ability to engage in certain regulated sectors (e.g., financial services).
- Seychelles Domestic Company: If the company intends to operate within Seychelles, it will need to be a domestic company, subject to local taxes and regulations.
Steps to Incorporate a Company in Seychelles
- Choose a Company Name:
The company name must be unique and comply with Seychelles’ naming conventions. A name check can be done through the Seychelles Financial Services Authority (FSA).
- Select a Registered Agent:
All companies in Seychelles must appoint a registered agent or corporate service provider who is licensed to operate in the jurisdiction. This agent will handle all aspects of the incorporation process and ensure compliance with local laws.
- Prepare the Necessary Documents:
- Memorandum and Articles of Association: This outlines the company’s objectives, rules, and internal governance.
- Director(s) and Shareholder(s) Details: Seychelles allows for a minimum of one director and one shareholder, and both can be individuals or corporate entities. The director(s) can be non-resident.
- Registered Office Address: This must be in Seychelles and is typically provided by the registered agent.
- Submit the Application:
After incorporation, the company must maintain a registered office and ensure compliance with Seychelles’ ongoing regulatory requirements, such as filing annual returns and keeping financial records. IBCs are not required to file annual financial statements or audit their accounts, providing a high level of privacy.
Key Features and Advantages of Incorporating in Seychelles
- Tax Benefits:
Seychelles offers zero percent tax on income derived outside the country, making it a tax-efficient jurisdiction for international business activities.
There is no capital gains tax, inheritance tax, or stamp duty on international transactions.
- Privacy and Confidentiality:
Seychelles IBCs provide high levels of confidentiality. The names of shareholders and directors are not publicly disclosed.
Beneficial owners can remain anonymous through the use of nominee directors and shareholders.
- No Minimum Capital Requirement:
There is no minimum capital requirement for setting up an IBC in Seychelles. The capital can be as low as USD 1.
- Flexibility in Corporate Structure:
Seychelles allows for flexible management structures. There is no need for local directors, and you can have a single director or shareholder, who can be from anywhere in the world.
Gate4Business can guide you through all process and will help you with all necessary steps in order your company to be registered smoothly.
Contact us for more info.