The Republic of Seychelles is an island country spanning an archipelago of 115 islands in the western Indian Ocean, off East Africa.
Since the introduction of the International Business Companies Act in 1994 the Seychelles has grown into a competitive location for offshore company incorporations. This has made the offshore financial and corporate sector a rapidly developing part of the Seychelles economy.
Key Benefits of Seychelles Companies:
1) Seychelles International Business Companies are politically stable and have no tax liabilities
2) Seychelles companies have low annual fees and they require minimum of administration
3) Incorporation procedures are straightforward to can normally be completed in one working day.
4) No nationality restrictions on Directors or Shareholders and 100% foreign ownership is permitted.
5) Only one Director and one Shareholder is required and these can be the same person.
6) It is not essential to appoint a Company Secretary.
7) There is no requirement for annual meeting to be held in the Seychelles, it can be held anywhere in the world and can be conducted via telephone or any other electronic means.
8) There is no statutory requirement for annual accounts to be prepared or audited. Accounts should only be kept from the Director of the company, in order to be able to talk about the financial position of the company.
9) There are no foreign exchange controls and funds can be freely in an out of the country.
SEYCHELLES COMPANY FORMATION REQUIREMENTS
Every Seychelles Company must have a Memorandum and Articles of Association registered and established under the International Business Companies Act, 1994.
1) Share Capital: The standard authorized share capital of a Seychelles company is USD 100.000 with the minimum issued capital to be $1.00. Bearer shares are not permitted. It is essential to appoint at least one shareholder, either a physical person or a legal entity. The meetings of the shareholders can be held anywhere in the world and can be conducted by phone.
2) Directors: A minimum of one Director must be appointed, either a physical person or a legal entity. The meetings of the directors can be held anywhere in the world and can be conducted via telephone or any other electronic means.
3) Secretary: It is not essential to appoint a secretary.
4) Registered Agent: The registered agent of the company should be in Seychelles and must be written in the Memorandum and Articles of Association.
5) Registered Address: It is a requirement of the Law that a company must have a registered office in Seychelles, which may be used as the business address of the company. The registered office address is the place where official documents can be served to the company. This can also be provided by our office.
6) Corporate Seal is essential
