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Seychelles Company, ideal for:
Good to Know
Seychelles companies have become a popular choice in recent years because of the speed with which an offshore company can be incorporated in this jurisdiction in addition to the lower cost for company formation when compared to, for instance to BVI or Mauritius.
|Company Type||International Business Company (IBC)|
|Governing corporate legislation||Seychelles International Business Authority (SIBA) is the governing authority and the companies are regulated under the IBC ACT 1994.|
|Information published relating to company officers||There is no public register of company officers.|
|Confidentiality||Privacy is protected in the Seychelles under Art. 20 of the constitution. |
Data detained by the Seychelles registered agents is not public information.
|Accounting requirement||No accounting / reporting requirements. |
However, Section 65 of the IBC Act, 1994 (Amended) requires the company to keep such documents (receipts, invoices etc.) as to enable it for accounts to be prepared.
|Taxation||No taxes of any sort.|
|Legislation||Modern offshore legislation modelled on BVI.|
|Time to form||Seychelles has a fast and efficient registry (name and incorporation/registration usually same or next day).|
|Stability||Stable jurisdiction with very good reputation.|
|Communication||Efficient communication means.|
|Time zone||Convenient world time zone: GMT+4|
|Paid up capital requirement||No paid up capital requirement.|
|Basis of legal system||Under Common Law.|
|Minimum directors/shareholders||Minimum of 1 director/shareholder.|
|Bearer shares||Bearer shares are not permitted.|
DOCUMENTS REQUIRED FOR THE CREATION OF THE COMPANY
A certified copy of your passport (or identity card), as well as proof of domicile dated less than three months.
The Seychelles is a group of 115 islands located in the Indian Ocean to the north of Madagascar.
The Seychelles economy is primarily based on tourism and fishing.
The rapidly growing financial sector, linked to the establishment of the Seychelles International Business Authority and the introduction of progressive laws facilitating the establishment of offshore structures and encouraging inward investment, is now a significant element of the economy.
An ever-increasing number of international banks and insurance companies have established either branches or subsidiaries whom, together with local management, accounting and legal firms, provide clients with support.