Seychelles company formation

Seychelles company formation Known for its stunning landscapes, Seychelles is also a vibrant international business jurisdiction, offering a wealth of opportunities for savvy entrepreneurs and investors.

Registering a company in Seychelles brings numerous benefits such as competitive tax structures, robust privacy measures, and straightforward compliance regulations, all set against a backdrop of economic stability.

Furthermore, its strategic location serves as a gateway to African and Asian markets, providing immense growth opportunities for your enterprise.

Here, we provide a quick overview of Seychelles, company information, and compliance requirements.

With extensive experience in Seychelles company formation, Fidinam is here to ensure your setup process is smooth, compliant, and successful.

Ready to launch your business venture in Seychelles? Contact us today.

General information

Introduction

The Seychelles is a group of islands in the Indian Ocean, off East Africa. The largest island is Mahé, which houses about 90% of the population and is home to the capital Victoria. It was under British rule from 1810-1976.

Population

The Seychelles has a population of around 99,000 (2021), descended primarily from French settlers and East Africans, as well as traders from China and India.

Language

Official languages are English, French and Seychellois Creole. Creole is spoken widely. The main language of business is English.

Currency

Seychellois rupee (SCR).

Type of Law

Based on English Common Law and French Civil Law.

Principal corporate legislation

The International Business Companies Act, 2016.

Company information

Type of Company

International Business Company (IBC).

Powers of Company

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

Language of Legislation and Corporate Documents

English or French. When other languages are used, an English or French translation must be attached.

Registered Agent & Office

A local registered agent and a local registered office are required.

Company Name

Name can be in any language, but where the name is not in the English or French language a translation of the name shall be given to the Registrar.

Disclosure of Beneficial Ownership

Companies are required to keep a Register of Beneficial Owners (RBO) at its registered office. Beneficial owners’ information is required to be submitted by the registered agent for filing onto the Seychelles Government Database. Such information is not open to public access.

Compliance

Share Capital

There is no minimum paid-up capital requirement.

Taxation

International Companies are exempted from local taxation for offshore income.

License Fees

Payment should be made on or before the annual anniversary date of the company’s incorporation (usually 1-2 months in advance).

Accounting Records

Lodge accounting records at its registered office bi-annually. Annual financial summary required for large companies and non-large non-holding companies.

Directors

Minimum of one director. May be a natural person or body corporate, of any nationality and need not be resident in the Seychelles.

Company Secretary

Not mandatory, but customary.

Shareholders

Minimum of one shareholder.

Other offshore jurisdictions you may find interesting:

BVI

Cayman Islands