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1. What types of IBC's are allowed?

All IBC's that conduct their businesses outside Seychelles are allowed, provided their business is not banking, insurance, re-insurance or trust. Limited Life Companies are allowed.

2. How do I register an IBC?

  • You would need to do this through a locally licensed registered agent.
  • You would normally submit the name of the desired IBC to the agent who would seek a name approval. This is granted instantly. Once the Memorandum & Articles of Association of the company are presented to the Registrar and these comply with the law, a certificate of incorporation may be issued.
  • The Registrar's office is automated, which enables incorporation to be done within 24 hours.

3. Who are the agents?

The list of the agents is contained separately, link at bottom of page.

4. How much will it cost to incorporate an IBC?

  • The registered agents have their own fees to incorporate a company and these will depend on what level of services are required. What is legislated, however is that of the incorporation fees for the Registrar. These are fixed as follows:
    • US$ 100 if authorised share capital is less that US$ 5,000
    • US$ 300 if the authorised share capital does not exceed US$ 50.000
    • US$ 1,000 if the authorised share capital exceeds US$ 50.000
  • The annual renewal fee is the same as above.
  • There is no minimum share capital required and any currency may denominate the share capital.
  • An important feature of the Seychelles IBC Act is that the incorporation fees are fixed for life. In other words, even if the annual renewal fees are increased in the future, a company incorporated before such an increase came into effect will not be affected adversely. If the fees were decreased, however, the same company would be entitled to pay according to the decrease in fees.
  • All IBC's are subject to zero taxation in Seychelles.

5. Are bearer shares allowed and are corporate directors allowed?

Yes.

6. Can the company have 1 Director & 1 Shareholder?

Yes.

7. Is it required to keep books and records and file accounts?

Yes and no. Yes, books and records must be kept for all companies, but these do not have to be filed at the Registrar's office. The Registrar only needs to know the address where such records are kept.

8. Can an IBC operate from an office in Seychelles and Maintain a foreign exchange account in Seychelles?

  • Yes, provided the office is used for making or maintaining professional contact with counsel and attorneys, accountants, bookkeepers, trust companies, management companies, investment advisers or other similar persons carrying on business within Seychelles or to prepare or maintain books and records of the company within Seychelles.
  • Yes. All IBC's have automatic access to a foreign exchange account in Seychelles should they wish to have one.

9. Is confidentiality granted to IBC's and what information is public?

  • Yes. All proceedings in respect of civil matter involving an IBC shall be heard by a Judge in Chambers.
  • The Registrar maintains only the copies of the Memorandum and Articles of Association as well as copies of certificates of incorporation good standing, change of name and other such certificates.

10. Can an IBC invest in Seychelles?

  • Yes and IBC may hold shares, debt obligations or other securities in a domestic company in Seychelles. It may buy bonds or other securities issued by the Government of Seychelles.
  • An IBC may also own or manage a vessel or aircraft registered in the Seychelles under the Merchant Shipping Act, 1992.

11. How can I obtain the information on existing Seychelles company (IBC or CSL)?

This information can be obtained through any Seychelles registered agent you are working with. Also you can make the online search on your own by using the online Seychelles company search form as described in Seychelles Offshore Company Journal.

If you have more questions and you are looking for Seychelles resident International Corporate Service Provider you can contact Seychelles Offshore company.

 
 
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