Salient Features of a Seychelles International Business Company (IBC)
Taxation / Stamp Duty / Capital Gains | Zero |
Income tax and business tax in Seychelles | No – expressly prohibited |
International Business | Yes |
Official language / language of documents | English |
Operational objects | General clause, more bespoke wording possible |
Minimum paid-up capital | No set minimum |
Recommended share capital | No limitation |
Government license fee | USD 100 |
Share Capital | Cash (any currency) or in kind – nominal not paid |
Bearer shares | Not Permissible |
Minimum number of directors | One |
Minimum number of Shareholders | One |
Non-resident directors | Permissible |
Corporate directors | Permissible |
Registered Agent and Address in Seychelles | Obligatory |
Register of Directors | Prerogative of the Registered Agent |
Register of Members | Prerogative of the Registered Agent |
Register of Members filed for public record | No |
Disclosure of beneficial owners to Registrar | No |
Disclosure of beneficial owners to Registered Agent | Yes subject to strict confidentiality rules |
Holding of Annual General Meeting | Not obligatory |
Convention of Meetings of Directors / Members | Worldwide |
Proxy | Yes |
Corporate Minutes and Resolutions | Prerogative of the Registered Agent |
Corporate Seal | No |
Keeping of accounts | Required – minimum period of 8 years |
Auditing of accounts | Not required |
Filing of accounts | Not required |
Access to double-tax avoidance treaties | Available to CSLs – not allowed to IBCs |
Foreign exchange controls | Yes |
Redomiciliation | Yes, both in and out of Seychelles |
Incorporation time | 24-48 hours |
Shelf companies | Available upon request |