Set up your business company in Seychelles
An excellent African option for international trade.
Fastest
Registration
Lowest annual government license fee
Confidentiality is guaranteed by Law
Why Register a company with us?
Looking to Open a Company? We make incorporating a company as easy as possible, so you can focus on the important things.
We have a full suite of startup services, like banking, bookkeeping and tax planning consultancy, which means Eurofinanzza not only helps you get started, but supports you in your continued success as your one-stop shop. Start your Company set up today!
Tell us about your
business
We’ve taken the complexity out of forming your business company. Our online form can be completed in less than 10 minutes.
We take care of the
paperwork
Based on the information you provide, we prepare all required documents and file them directly to the appropriate entity.
Receive your
documents
Once your incorporation documents have been approved by the state, you’ll receive your completed company package by email.
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How To Set Up Company in Seychelles?
International Company Incorporation in Seychelles
smooth process.
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 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.
It offers various opportunities to incorporate offshore in Seychelles.
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 meters 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.
These are only some of the advantages of a company in the Seychelles. It also eases the process of company set up in Seychelles.
Principal Corporate Legislation
IBC Act 2016 has been introduced, repealing and replacing (IBC Act 19949, adding major policy changes in the corporate law regime of the Republic of Seychelles.
This Act addressed the concerns of the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG) and to be in line with the Financial Action Task Force (FATF) standards and to work towards a re-enforcement of the Anti-Money Laundering framework of the Republic of Seychelles. On the 30 November 2018 the Seychelles enacted the International Business Companies (Amendment) Act, 2018 (“Amendment Act”) which amends the International Business Companies Act,2016 (“IBC Act”).
The main amendments under this Amendment Act are as follows:
Legislative changes in the Seychelles 2018
Since January 1, 2019, a number of important changes have occurred in the legislation of the Seychelles. They will deal with two important aspects – 1) regulation of the activity of companies with local companies and 2) preferential parameters for IBC companies.
Based on the International Business Company Act 2004 (the latest changes in which took place on November 26, 2018, and entered into force on January 1, 2019), an IBC type company now has no right:
- To attract to the acquisition of their own goods or services, the local target audience. The company can interact only with non-residents of the Seychelles from any regions.
- To acquire ownership of real estate or another business in the Seychelles. The concept of “real estate” includes land, buildings for industrial and residential purposes, garages, warehouses, etc.
- Cannot carry out banking or insurance activities; in order to advance in these areas, registration in another organizational and legal form is required, as well as additional licensing.
In other words, if the IBC conducts any financial activity in the Seychelles, this should be displayed in the tax return. It is also important to know that according to the rules of the local FSA regulator, the submission of tax documentation can be initiated by the FSA under the AML program.
Also, this Companies Act in the new edition abolishes the income tax benefit in the amount of 1,5% in full. This Act also removes the exemption from withholding tax. However, companies operating under a special license (CSLs type of license) registered before October 16, 2017, may still fulfil the tax benefits and are exempt from taxation until June 30, 2021.
As in Saint Vincent and the Grenadines, a system of territorial (local) taxation will be introduced on the territory of the Seychelles. However, as we have said, some companies will be exempted from its operation until 2021, but those companies that will be registered in 2019 fall under this principle from the second quarter of 2019.
For more information on changes regarding the change in the procedure for registering a company in the Seychelles, please contact our team; one of our Business Development Managers will be happy to guide and assist you.
General Company Information
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$150
- Corporate taxation – Nil
- Double taxation treaty access – No
Share capital or equivalent
- Standard currency – US$
- Permitted currencies – Any
- Minimum paid up – US$1
- Usual authorised – US$5,000
Directors
- Minimum number – One
- Local required – No
- Publicly accessible records – No
- Location of meetings – Anywhere
Shareholders
- 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 on domicile permitted – Yes
Features and benefits of Seychelles IBC’s
Seychelles IBC’s, being based on the classic Bahamas and British Virgin Islands IBC Model, offer the most attractive privacy features currently on offer anywhere in the world. Unlike the historically popular Caribbean and Channel Islands IBC Centres (most of which, as British Colonial territories, are facing enormous pressure to bring their privacy features and tax rates into line with the rest of Europe) Seychelles is a politically stable and independent republic.
Get in touch with us today. We can help you open offshore company in Seychelles.
Services offered
Seychelles yacht and ship registration.
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