Seychelles | Interstatus - Group of Companies Seychelles – Interstatus – Group of Companies

General jurisdiction information:

The Seychelles (official name: The Republic of Seychelles) is an archipelago of 115 islands that have been separated into 25 administrative districts. The population is just above 90,000. The capital city is Victoria which also happens to have the deepest sea port in the Indian Ocean and is equipped with advanced and very productive port facilities.

The economy of the country is based on tourism and offshore financial, legal and banking services. The offshore laws of the Seychelles were adopted in 1994 and now the islands are renowned as one of the most sophisticated offshore zones in the world with a stable political and administrative environment.

The Seychelles Financial Services Agency is the national regulator. International companies incorporated in The Seychelles are tax exempt provided they carry out their business outside the Seychelles. Company management is usually effected from outside The Seychelles so there is no need to rent an office.

Successful development of the offshore sector to produce an extremely diverse economy helped the Seychelles to become an attractive financial centre. It is able to offer the setting up and operation of low taxation entities with strong protection of assets, both corporate and personal.

The national currency is the Seychelles Rupee (SCR). The US Dollar and the Euro are also widely accepted.

The official languages are English, French and Seychelles Creole.

The international airport of The Seychelles is one of the best in the Indian Ocean with arrivals from many countries.

Advantages of the Seychelles companies:

  • An attractive geographical location providing the perfect site for financial and investment operations.
  • High confidentiality with registration authorities not requiring any personal details of beneficiaries or officers of the company; this information is available only to the licensed agent who carries out the registration.
  • A straightforward and fast registration process without the need for the presence of the beneficiary.
  • No requirement for the minimum amount of capital, which can be denominated in any currency.
  • The company can have just one shareholder and one director, who may be residents of any country as well as both private individuals and/or corporations.
  • Nominee services are available (director and shareholder).
  • The opening of a bank account does not require the company representative to personally visit the bank.
  • There are no exchange controls.
  • Company administration is simple and there is no requirement for a large amount of staff.
  • There is no requirement to hold annual meetings of shareholders and directors. If needed, the meetings can be held in any country.
  • The availability of diverse tax benefits and transparency of the taxation system. There is no taxation of corporate income, royalties, interest, capital gains tax or sale of stocks and no stamp duty whatsoever.
  • There is no requirement for annual financial statements or auditing.
  • Companies may be freely re-domiciled.
  • There are convenient air connections with Europe, Asia, the USA and Africa.

Seychelles companies registration process:

Director(s):

Minimum of one natural or corporate person. There is no residency qualification.

The same person may act as the director and the shareholder.

We can provide the services of local (nominee) directors in accordance with the local laws and they can manage the affairs of the company according to your instructions.

Shareholder(s):

Every company must have at least one shareholder and there is no residency qualification. We can provide nominee shareholders if full anonymity is required by the company owner.

Secretary:

A secretary is not mandatory.

If needed, we can provide the services of a physical secretary. Please contact our representative for detailed information on virtual office services.

Registered office:

Seychelles companies must have a registered office by Law.

Share capital:

Generally, the share capital is $100,000 made up of 100,000 shares with the nominal value of $1. Shares without par value are permitted.

Following amendments to the Law enacted in late 2013 the issue of bearer shares is no longer available.

The amount of share capital does not effect the annual licence fee (levy).

There is no requirement to pay up the shares upon registration. The shareholders may pay shares as they think fit (in reality the shares often remain unpaid).

Registration period:

Within 1 week. Shelf companies are available.

Accounting and auditing:

There are no requirements for financial statements or statutory audits.

Amendments to the Law adopted in late 2013 in relation to the operation of offshore companies provide the following regulations governing the maintenance and keeping of corporate and financial documentation:

1) Seychelles companies must maintain accounting and keep primary accounting documentation related to its financial operations and such documentation should:

  • provide an opportunity to obtain accurate assessment of the financial position of the company at any time;
  • facilitate preparation of financial statements of the company if needed;
  • be adequate to verify and explain specific transactions including contracts, invoices and receipts;
  • be kept for at least 7 years in safety and constant accessibility.

2) Primary accounting documents may be kept:

  • at the registered office of the company in The Seychelles;
  • at any other place (even abroad) thought fit by the directors, the address of which must be communicated in writing to the registered agent; any change of such address shall be notified to the registered agent within 14 days.

The above amendments provide for obligations to submit an annual declaration to the registered agent (by 31st December) to confirm that:

  • the keeping of all accounting documentation complies with the effective Law and such documentation can be made available through the registered agent, if needed;
  • the complete and accurate register of shareholders is to be kept and made available at the registered office of the company.

The penalty charged to a company for any breach of filing rules concerning accounting documentation is $25 per day and the director of the company in breach of the rules is also charged $25 per day.

If the requested financial document is not presented within 7 days, the company will be imposed with a one-off penalty of $100 and then $25 for each additional day of the breach.

If the breach of the rules is not amended within 3 months after the last day on which the documents had to be presented and the penalty paid, the company may be struck off from the Registry.

Confidentiality:

The registration of an offshore company can only be carried out through the special registrars and the agent. Information on the beneficiaries, shareholders and directors will not be disclosed, this information is accessible only to the registration agent. Information provided in the Incorporation Certificate and the Memorandum of Association with no personal data is not regarded as secret.

Taxation provisions in The Seychelles:

Offshore companies incorporated in The Seychelles are tax exempt:

  • taxation of profit, dividends, interest and royalties – 0%;
  • capital gains tax – 0%;
  • tax at source on the payment of the above income – 0%;
  • value added tax – 0%;
  • wealth and inheritance tax – 0%.

Seychelles offshore companies must pay a fixed annual government levy of $100.

Double Tax Treaties:

The Seychelles maintain Double Tax Treaties with many countries including China, Cyprus, Thailand, Mauritius, Indonesia, The United Arab Emirates and others, which facilitate effective tax planning.

For detailed information on the incorporation and administration of a company in The Seychelles and other jurisdictions please contact us. 

1st year

BASIC
$940
  • Company Incorporation
  • Government Fees
  • Corporate Document Set with Apostille
  • Registered Office
  • Agent Fees
  • Company Stamp
  • Courier
STANDARD
$2340
  • Company Incorporation
  • Government Fees
  • Corporate Document Set with Apostille
  • Registered Office
  • Agent Fees
  • Company Stamp
  • Courier
  • Nominee Director
  • Power Of Attorney with Apostille
  • Nominee Shareholder
PREMIUM
$2840
  • Company Incorporation
  • Government Fees
  • Corporate Document Set with Apostille
  • Registered Office
  • Agent Fees
  • Company Stamp
  • Courier
  • Nominee Director
  • Power Of Attorney with Apostille
  • Nominee Shareholder
  • Cyprus Bank Account Opening

2nd year

BASIC
$630
  • Registered Office Fees
  • Registered Agents Fees
  • Annual Government Tax
  • Administrative and Compliance Fees
STANDARD/PREMIUM
$2030
  • Registered Office Fees
  • Registered Agents Fees
  • Annual Government Tax
  • Administrative and Compliance Fees
  • Nominee Director
  • Power Of Attorney with Apostille
  • Nominee Shareholder

*Please contact us for a detailed price list and additional information.