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FEATURES OF SEYCHELLES COMPANY
GENERAL INFORMATION
Location
The Seychelles is an independent nation in the Indian Ocean near
the coast of eastern Africa composed of several islands.
Government
The country is a self-governing democracy and a member of the Commonwealth
and the United Nations.
Benefits
The Seychelles offers a wide variety of services to the international
community, including offshore banking, insurance and investments.
Of particular interest is the International Business Company, which
is an inexpensive, flexible and simple type of company that can
be used for many purposes.
SEYCHELLES INTERNATIONAL COMPANY
The International Business Company's Acts 1994 was enacted to provide
a comprehensive regime for the incorporation, regulation, operation
and taxation of International Business Companies. This piece of
legislation is extremely flexible and provides for a minimum of
disclosure. Meetings need not take place in the Seychelles, and
there is no necessity to report changes in shareholders, directors
and mortgages to the Registrar.
FEATURES OF SEYCHELLES COMPANIES
Taxation
International Business Companies are not subject to taxation within
the Seychelles. Shareholders
An International Business Company need only one shareholder and
shares can be issued in bearer or registered form. Details of the
shareholders do not appear on the public file, although a Register
of Members must be maintained.
Directors
A minimum of one director is required and corporate directors are
permitted. Details of the directors do not appear on the public
file, although a Register of Directors must be maintained.
Annual Reporting
International Business Companies are not required to file either
an annual return or accounts.
Processing Time
Incorporation can normally be achieved within 14 days. We do not
keep ready-made companies in stock.
Restrictions on Name and Activity
The following words cannot be used: Assurance, Bank, Building Society,
Chamber of Commerce, Chartered, Co-operative, Foundation, Government,
Imperial, Insurance, Municipal and Trust, or any other words which
suggest the patronage of any Government. All company names must
end with Limited, Corporation, Incorporated, Societe Anonyme or
a similar recognised alternative.
Local Requirements
As a matter of local company law the company MUST maintain a registered
office address within the Seychelles and must also appoint a Seychelles
resident as a registered agent. We would generally provide these
services as part of the domiciliary service fee.
Secrecy
There are no specific statutory provisions governing secrecy in
relation to companies but English Law, which applies within the
jurisdiction, does impose a common law duty on professionals to
keep the affairs of their clients confidential.
REGISTRATION AND MAINTENANCE FEES
Registration Fee
With a standard share capital of less than or of USD5,000, the registration
fee together with the first year maintenance fee is USD800. In particular,
the fee covers:
1. first year licence fee
2. first year registered agent and registered office
3. our incorporation service charge
Note: The fees stated above does not include delivery fee, if any.
Annual Maintenance Fee
With a standard share capital of less than or of USD5,000, the annual
maintenance fee for second year and thereafter is USD600, which
includes annual licence fee, registered agent and registered office
fees.
Documents and Information Required
1. A photocopy of identity card or passport of each director and
shareholder
2. Residential addresses with proof of all directors and shareholders,
such as utility bill, telephone bill.
3. Proposed name of the company
4. Amount of share capital (unless otherwise advised, all company
will be incorporated with a standard share capital of USD5,000)
and percentage of shareholding by each shareholder, if more than
one shareholder
Time Frame
The whole processes for the tailor-made and readymade companies
could be completed in around 14 days and 2 days respectively.
Documents Given to Clients after Registration
1. Original copy of Certificate of Incorporation
2. Three (3) copies of Memorandum and Articles of Association
3. Ten (10) copies of share certificate
4. Register of Members and Register of Directors
5. Common Seal and company chop
6. Minutes for the appointment of first director(s)
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