Seychelles IBC

Advantages

Shares of a Seychelles IBC are allowed to be issued in a variety of forms and classifications.

There is no requirement for IBCs to hold annual shareholder meetings, although should a meeting occur, a representative can attend, speak and vote in place of a shareholder or director. Shareholder meetings can also be conducted over telephone or through other electronic mediums.

IBCs are exempt from any form of tax in Seychelles for the first twenty years of incorporation.

It is not required to file annual accounts with government entities or regulatory bodies. Therefore, an auditor is not required.

There are no public registries for shareholders, directors or beneficial owners in Seychelles, which guarantees unparalleled privacy. Ownership privacy is also protected by the law.

Seychelles IBCs face low incorporation times of only one day.

There are low yearly government fees of only 100 USD.

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Disadvantages

It may be necessary to practice caution concerning exchange rates with the local currency (Seychellois rupee), as it is highly volatile.

As IBCs are not considered tax residents in Seychelles, they do not have access to a number of double taxation avoidance treaties, which may mean that assets held abroad are more vulnerable to withholding tax. Seychelles CSLs do not face this problem.

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Requirements

Company Name:

The name of your company may be in any language you choose, although an English or French translation is required should you choose a company name which is not in these two languages. Moreover, the company name must also end in any of the numerous approved suffixes found in Part 3 of the amended ‘Seychelles International Business Companies Act of 1994’.

Directors:

There must be at least one director for an IBC in Seychelles, although a nationality or residency prerequisite is unnecessary.

Shareholders:

There needs to be at least one shareholder for every IBC in Seychelles. This member can be either a natural person or a legal person.

Company Secretary:

The appointment of a company secretary is optional. Should you choose to appoint a company secretary, they can be of any nationality, and can be a natural person or a legal person, such as an offshore company or offshore foundation.

Registered Address:

A Seychelles IBC must have a registered office address at all times.

Minimum Capital Requirements:

There is no minimum or maximum authorized capital requirement for a Seychelles IBC.

Annual Reports:

Annual reports do not necessarily have to be audited or filed with the Registry, although accounts should be maintained for a period of seven years; these should relate to assets and liabilities of the company and should include receipts, expenditure, sales and purchase of other transactions.

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Basic Package

Certificate of Incorporation

Articles of Association

Memorandum of Association

Share Certificates

Services Included

Conducting a company name search

Acting as company secretary (for 1 year)

Provision of registered office address (for 1 year)

Government fees

Preparing and filing annual returns

Reviewing client documentation and application materials

Preparing incorporation documents

Monitoring the entire incorporation process and keeping clients updated

Seychelles IBC

Advantages

Disadvantages

Requirements

Basic Package

Services Included

Additional services

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