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Seychelles Company Formation

 The Republic of Seychelles comprises 115 islands occupying a land area of 455 km² and an Exclusive Economic Zone of 1.4 million km² in the western Indian Ocean. It represents an archipelago of legendary beauty that extends from between 4 and 10 degrees south of the equator and which lies between 480km and 1,600km from the east coast of Africa. Of these 115 islands, 41 constitute the oldest mid-oceanic granite islands on earth while a further 74 form the low-lying coral atolls and reef islands of the Outer Islands. 

The granite islands of the Seychelles archipelago cluster around the main island of Mahé, home to the international airport and the capital, Victoria, and its satellites Praslin and La Digue. Together, these Inner Islands form the cultural and economic hub of the nation and contain the majority of Seychelles’ tourism and business facilities as well as its most stunning beaches.

The rapidly expanding financial sector, linked to the establishment of the Seychelles International Business Authority and a suite of progressive laws facilitating the establishment of offshore structures and encouraging inward investment, is now a significant element of the economy.

The Port of Victoria is well equipped with modern cargo handling equipment and has more than 6,000 square metres of covered storage space.

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.

The Seychelles International Airport is one of the finest in the Indian Ocean region. In addition to the national flag carrier, Air Seychelles, the airport is served by a number of other airlines.

National and international telecommunications are provided by Cable and Wireless (Seychelles) Limited, part of Cable and Wireless PLC, London.

Seychelles Facts

Full name: The Republic of Seychelles

* Population: 87,476 (July 2009 est.)
* Capital: Victoria
* Area: 455 sq km (176 sq miles)
* Major languages: English, French, Creole
* Major religion: Christianity
* Life expectancy: 72.8 years
* Monetary unit: 1 Seychelles rupee = 100 cents
* Main exports: Fish, cinnamon bark, copra, petroleum products (re-exports)
* GNI per capita: US $19,630 (2010)
* Internet domain: .sc
* International dialling code: +248

Information Regarding Seychelles International Business Companies

* Type of Company: International Business Company, Limited Life Company (LLC);
* Procedure to Incorporate: Registered Agents delivers the memorandum of Association and Articles of Association to the registry together with the appropriate fee;
* Restrictions on Trading Companies: Cannot trade within The Seychelles or own real estate there.
* Cannot undertake the business of banking, insurance, assurance or reinsurance.
* Any name that has already been incorporated.;

Powers of a company: A company incorporated in The Seychelles has the same powers as a natural person;

* Shelf companies available;
* Time to incorporate: One day;
* Registered office must be maintained in The Seychelles at the address of a licensed management company;
* An International Business Company does not pay tax on its world-wide profits to The Seychelles authorities. The Seychelles is not a party to any double tax agreements;
* Whilst there is no requirement to file audited accounts with the authorities, a company is required to keep financial records that reflect the financial position of a company;
* The minimum number of directors is one. Directors may be natural persons or bodies corporate. They can be of any nationality and need not be a The Seychelles resident;
* A company secretary is not a requirement under the Act, but a secretary is normally appointed to facilitate signing obligations. The minimum number of shareholders is one.

Restrictions On Names

Certain names require special authority or a licence. The main names are Bank, Banco, Casa di Risparmio, building society, loans, savings, assurance, insurance, seguro, Versicherung, reinsurance, trust, stiftung, anstalt trustees, Chamber of Commerce, treuhand, university, universität, municipal, Sparkassa etc, these are a few examples, but any name or title in English or another language that suggests association with the finance and insurance industries is likely to be scrutinised carefully.

Acceptable indications of Limited Liability

Incorporated (Inc), Limited (Ltd), Corporation (Corp), Société Anonyme (SA), Sociedad Anónima (SA) and Gesellschaft mit beschränkter Haftung (GmbH).

Main Corporate Legislation

International Business Companies Act, 1990.
International Business Companies (Amendment) Act, 1995.
Limited Life Companies Act, 1999.

Local Corporate requirements

Each Seychelles Company must:

* Have registered office and agent in The Seychelles;
* Have minimum of 1 director, corporate directors are permitted;
* have minimum of 1 shareholder;
* Register of shareholders/members must be kept at the registered office, and can only be inspected with the directors consent.

There are no requirements for:

* Registers of directors and details of beneficial owners do not need to be submitted to the registrar;
* Registers of shareholders to be submitted to the registrar, however, a company may elect to do so;
* Annual meeting to be held;
* Annual returns to be lodged.

BASIC FACTS ABOUT THE SEYCHELLES

Language: The official languages are English, French and Creole. Creole is spoken widely. English is the main language of business.

Currency: The The Seychelles Rupee.

Exchange Controls: All offshore activities are exempted from exchange controls.

Type of Law: Based on English Common Law and French Civil Law.
Principal Corporate Legislation The International Business Companies Act 1994.

Principal Corporate Legislation: Type of Company for International Trade and Investment: International Business Companies(IBC).

Political Structure: The islands were discovered by the Portuguese explorer Vasco de Gama. The first French settlement was established on St. Anne Island on the 27th August 1770. In 1814 the Seychelles, along with Mauritius, were ceded to Great Britain under the terms of the Treaty of Paris. It was only in 1960 that the first gradual constitutional reforms were introduced. The Head of State is the President and a National Assembly of directly elected Members heads the legislative side of Government. Seychelles is an independent republic within the British Commonwealth.

Local facilities and support services
While The Seychelles has an increasingly sophisticated professional and financial community, the number of legal, accounting and financial institutions is still some behind more sophisticated jurisdictions, although in most areas confidentiality is more rigidly enforced which more than compensates. It must of course be considered that whilst a The Seychelles company is an excellent trading vehicle it is possible to arrange banking and other facilities in numerous other locations throughout the world.

Incorporation Charges

Incorporation Fee $1250.00  
Annual Fees $850.00 Due on the anniversary of incorporation each year

If you require an internet domain registration to accompany the formation click here

What you will receive with your offshore company formation:

    Company Incorporation
    Registered Office and Agent for the first year
    Government Fees for the first year
    One Registry Stamped M&A
    One original Certificate of Incorporation
    Appointment of First Director
    Written Resolutions of the First Director
    Register of Directors
    Register of Members
    Share Certificate/s
    Company Seal

If you prefer us to form a company in your choice of name, it will take between 10 and 14 days for the company kit and the statutory documents to arrive. We recommend you select two or three alternative names in case the first choice is unavailable.


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(International +44 20 7175 0041)
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(INTERNATIONAL +1 954 866 5986)
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(INTERNATIONAL +61 2 9191 7472)
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