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Seychelles International Business Companies are useful alternatives to
offshore companies established in jurisdictions such as the British Virgin
In December 1994 the Seychelles enacted legislation enabling the registration
of International Business Companies, International Trusts and the licensing of
International (free) Trade Zone Companies. More recent legislation covers the
licensing of offshore banks, offshore Insurance, mutual funds activities and the
regulating of a securities industry. The new laws were a result of intensive
studies of long established offshore jurisdictions and world-wide trust
Although not dissimilar to those of the well-established offshore
jurisdictions such as the Cayman, the laws take a most comprehensive, modern and
attractive approach to the establishment and operation of offshore companies,
mutual funds, offshore banking, offshore insurance and freeport activities.
Seychelles is one of the fastest IBC registrar in the world. The
International Business Companies Act, 2016, governs the operations of offshore
companies. The registration process in Seychelles is straightforward.
The Seychelles group of islands in the Indian Ocean comprises over one
hundred named islands, most being situated between four and five degrees South
of the equator. The largest island is Mahé.
The Seychelles has a population of around 90,000, descended primarily from
French settlers, Africans, British sailors and traders from India, China and the
Discovery of the Islands is credited to the Portuguese explorer Vasco de
Gama. The first French settlement was established on St. Anne Island on the 27th
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.
The Seychelles economy is primarily tourism and fishing
based. Industrial fishing is on the increase.
The rapidly expanding financial sector, linked to the establishment of the
Financial Services 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.
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 Port of Victoria is well equipped with modern cargo handling equipment
and has more than 6,000 square metres of covered storage space.
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.
The official languages are English, French and Creole. Creole is spoken
widely. English is the main language of business.
There is no exchange controls in the Seychelles.
Based on English Common Law and French Civil Law.
The International Business Companies Act 2016.
International Business Companies.
Prior approval of the company name is required. Application by the ICSP to the Registrar to incorporate the company in the approved format and providing the required information. The Registrar will issue a unique company registration number. Within 3 working days of the issuance of the company registration number by the registrar, the ICSP shall submit at least 3 copies of the company's Memorandum and Articles Association to the Registrar who shall incorporate the company and issue its Certificate of Incorporation.
A Seychelles incorporated Company has the same powers as a natural person.
English or French. If any other language is used it must be accompanied by a translation in either English or French.
Yes, must be maintained in the Seychelles and shall be the same address as that of its registered agent.
24 to 48 hours.
Must end with word "Limited", "Corporation", or "Incorporated", or abbreviation "Ltd", "Corp", or "Inc". The name of a protected cell company shall end with words "Protected Cell Company" or with the abbreviation "PCC".
Anything identical or similar to a company already incorporated. Anything that suggest or is calculated to suggest the patronage of the Government of Seychelles, or any other government. Should not include a prohibited word, phrase or abbreviation referred to in Part 1 of the Third Schedule or Part 11 of the Third Schedule of the Act.
The name of the company may be expressed in any language, but must be accompanied by a translation in
English or French; and where the name is in the English or French language, it may have an additional foreign character name.
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.
Must end with the word "Limited", "Corporation", or "Incorporated", or abbreviation "Ltd", "Corp", or "Inc". The name of a protected cell company shall end with the words "Protected Cell Company" or with the abbreviation "PCC".
No. Requirements to keep a Register of Beneficial Owners at its registered office in Seychelles.
Seychelles IBCs can be incorporated with an authorised share capital of US$ 1 or any amount.
A company may issue more than one class of shares; may be redeemable, confer no rights, or preferential rights to distribution; confer special, limited or conditional rights, including voting rights; confer no voting rights; participate only in certain assets of the company; be convertible to another class or series.
May issue a class of shares in one or more series. May be issued as a par value share or a no par value share. Shall not have share capital consisting of shares which include par value and no par value shares. Par Value Shares may be expressed in any currency. May issue fractional share. Bearer Shares are prohibited.
An International Company is exempted from local taxation.
Annual Licence Fee is US$100 irrespective of Share Capital.
There is no requirement to file financial statements, but a company must keep
records to reflect its financial position.
A company shall keep reliable accounting records that are sufficient to show and explain the company's transactions, enable the financial position of the company to be determined with reasonable accuracy at any time and allow for accounts of the company to be prepared. The accounting records shall be kept at the registered office in Seychelles or such other places as the directions think fit. The company must inform the registered agent of the physical address at which the accounting records are kept where the accounting records are not kept at the registered office.
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
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.
The minimum number of shareholders is one.
Seychelles IBC Fact Sheet
Seychelles IBC Enquiry Form
Seychelles IBC Order Form
A bespoke 'offshore' solution can be complex and requires careful planning
and execution. We therefore encourage our clients to contact us directly,
without obligation, for a Free Initial Consultation.
Our experienced consultants will gladly assist with advice on how to approach
your particular challenge.
To make contact with a consultant at one of our offices who speaks your
language, click here
for a full list of our office contact details.