|
Full name
|
International Business Company
|
Special License Company
|
|
Type of law
|
Hybrid
|
Hybrid
|
|
Applicable corporate law
|
International Business Companies Companies Act 1972, Act 1994
|
Companies (Special Licenses) Act 2003
|
|
Business tax in Seychelles
|
0%
|
1.5% on worldwide income
|
|
Access to double tax avoidance treaty benefits
|
No
|
Yes
|
|
Formal resident status for tax purposes
|
No
|
Yes
|
|
Detailed client application procedure
|
No
|
Yes
|
|
Minimum number of directors
|
1
|
2
|
|
Minimum number of shareholders
|
1
|
2
|
|
Corporate directors allowed
|
Yes
|
No
|
|
Local company secretary
|
No
|
Yes
|
|
Local directors and shareholders
|
No
|
No
|
|
Disclosure of Beneficial Owners
|
No
|
No
|
|
Public Register of Directors
|
|
Yes
|
|
Minimum paid up capital
|
USD 1
|
10% of authorized capital
|
|
Maximum authorised capital at minimum duty
|
|
USD 100 000
|
|
Usual Authorised Capital
|
US$100 000
|
USD 5000, but can be any other amount.
|
|
Capital Currency
|
Any, except SCR
|
Any, except SCR. Usually USD
|
|
Annual government fees (excluding taxation)
|
USD 100
|
USD 1000
|
|
Annual return filing fees
|
0
|
USD 200
|
|
Bearer shares permitted
|
Yes
|
No
|
|
Business within Seychelles
|
No
|
Yes
|
|
Time to incorporate
|
2 days
|
2–4 weeks
|
|
Requirement to prepare accounts
|
Yes
|
Yes
|
|
Requirement to file accounts
|
No
|
Yes
|
|
Requirement to file annual administrative return
|
No
|
Yes
|
|
Auditing requirements
|
No
|
No
|
|
Publicly accessible records
|
No
|
No
|
|
Shelf companies available
|
Yes
|
No
|
|
Change of domicile permitted
|
Yes
|
Not applicable
|
|
Location of meetings
|
Anywhere
|
Anywhere
|
