Key Corporate Features

	General
	Type of entity:		IBC
	Type of law:		Hybrid
	Shelf company availability:		Yes
	Our time to establish a new company:		2 days
	Minimum government fees (excluding taxation):		US$100
	Taxation on foreign income:		Nil
	Double taxation treaty access:		No
	Share capital or equivalent
	Standard currency:		US$
	Permitted currencies:		Any
	Minimum paid up:		US$1
	Usual authorised:		US$100,000
	Directors or Managers
	Minimum number:		One
	Local required:		No
	Publicly accessible records:		No
	Location of meetings:		Anywhere
	Members
	Minimum number:		One
	Publicly accessible records:		No
	Location of meetings:		Anywhere
	Company Secretary
	Required:		No
	Local or qualified:		No
	Accounts
	Requirement to prepare:		Yes
	Audit requirements:		No
	Requirement to file accounts:		No
	Publicly accessible accounts:		No
	Other
	Requirement to file annual return:		No
	Change in domicile permitted:		Yes

» Type of Company for International Trade and Investment

The Seychelles International Business Company.

» Procedure to Incorporate

Filing of Memorandum of Incorporation at the Registry. The Articles of Association can be filed either at the same time or within 30 days of incorporation.

» Restrictions on Trading

Cannot trade within the Seychelles or own real estate there. Cannot undertake the business of banking, insurance, assurance, reinsurance, fund management, asset management (other than the company's own assets) or any other activity that would suggest an association with the banking and insurance industries. A Seychelles IBC cannot provide registered office facilities in the Seychelles, or sell its shares to the public.

» Powers of Company

A Seychelles incorporated Company has the same powers as a natural person.

» Registered Office Required

Yes, must be maintained in the Seychelles at the office of a licensed Registered Agent.

» Shelf Companies Available

Yes.

» Time to Incorporate

Two days.

» Name Restrictions

Anything identical or similar to a company already incorporated. Anything that implies patronage of the Seychelles, or any other government, insurance, royal, imperial or any other name that may imply that a company intends to undertake a licensable or undesirable activity.

» Language of Name and Corporate Documents

The name can be in any language, but must be accompanied by a translation in English or French. The documentation will either be in English, or it is possible to have bilingual documentation in English and Chinese or any other language accompanied by a translation in English or French.

» Suffixes to Denote Limited Liability

The name of an IBC must end in one of the following: Limited, Corporation, Incorporated,  Société Anonyme or their abbreviations. A wide variety of other suffixes such as BV, GmbH, and SARL may also be used.

» Disclosure of Beneficial Ownership to Authorities

No.

» Authorised and Issued Share Capital

Seychelles IBCs are normally incorporated with an authorised share capital of US$100,000 with par value. The authorised share capital may be expressed in any currency. The minimum issued capital is either one share of no par value or one share of par value.

» Classes of Shares Permitted

Registered shares, bearer shares, shares of no par value, preference shares, redeemable shares and shares with or without voting rights.

» Taxation

An International Company is exempted from local taxation.


» Licence Fees

Annual Licence Fee is US$100 irrespective of Authorised Capital.

» Financial Statement Required

There is no requirement to file financial statements, but a company must keep records to reflect its financial position.

» Directors

The minimum number of directors is one, who may be a natural person or a body corporate. They may be of any nationality and need not be resident in the Seychelles.

» Company Secretary

A Seychelles IBC need not appoint a company secretary, although it is customary to do so. The secretary may be a natural person or body corporate, be of any nationality and need not be resident in the Seychelles.

» Shareholders

The minimum number of shareholders is one.

Disclaimer

Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal or other professional advice. OCRA Worldwide does not accept any responsibility, legal or otherwise, for any errors or omission.