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Open an IBC in Seychelles
As an international law firm, we provide Seychelles Offshore Companies formation services, including nominee shareholder and director services.
Seychelles offshore companies are popular as they are not expensive, have a straightforward 0% income tax system, a quick formation process, and Economic Substance Requirements set only for tax resident passive income earning companies whose income exceed a certain threshold.
Seychelles companies are also accepted by most crypto trading platforms and digital banks in Asia and Europe.
0% income tax
Fast and cost-effective formation
High level of Privacy
Executive Summary
Location: Africa.
Official Language: English.
Taxation: 0% income tax on foreign-earned income..
Regulation: International Business Companies Act, 2016 and the Business Tax Act, as amended
Company type: International Business Company (IBC).
Time to open company: after all the documents are completed, and payment has been duly received, a company in Seychelles can be opened between 1-2 days.
Economic Substance Requirement: not required.
Corporate Governance
Shareholder: 1 shareholder minimum, can be of any nationality and does not need to be a resident. Can be a corporate or individual shareholder.
Director: 1 director. Individual and/or corporate director(s) allowed. Can be a non-resident of Seychelles.
Annual Meeting: mandatory annual meeting NOT required. Meetings can be held by any means, be it via electronic means, calls, personal meetings, etc.
Reopening a dissolved company: A company that has been dissolved can be restored by request to the court within 5 years of dissolution.
Time to Strike Off Company: 90 days
Privacy of a Seychelles Offshore Company
Privacy
Names of the shareholders, directors, officials, beneficial owners, are not public record, as this information is not submitted to the registrar when opening the IBC.
Public Information.
Memorandum & Articles of Association, which excludes information of who owns the company..
Nominees
Nominees are 100% allowed, but the nominee must report its condition to the registrar
Read our Seychelles Offshore Company Privacy articles by clicking the button below
Nominee Shareholder and Director in Seychelles
To add an extra layer of privacy, a Seychelles Offshore Company hire the services of a nominee director and nominee shareholder. This nominee can be an individual or a corporate entity.
The hired nominee must be a licensed individual in Seychelles, and signs a Declaration of Trust stating that they own the shares of the company on behalf of the real BOI.
Taxation of a Seychelles Offshore Company
Tax Exemption: Seychelles has a territorial tax system, which means that only income generated in Seychelles will be subject to taxation. Hence, a Seychelles IBC that does not do business in Seychelles, will not be subject to Income or Corporate Tax, nor Stamp Duty.
Having bank accounts in Seychelles and remitting income to Bank Account(s) in Seychelles is not considered as doing business in Seychelles.
Mandatory audit: No Audit required.
Read our Seychelles Offshore Company Taxation articles by clicking the button below
Requirements to open a Seychelles Offshore Company
Documents required
We will need from each shareholder and director:
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Passport Scanned Copy.
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Proof of address.
Additionally, we will need the following information
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Company name.
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Address of each shareholder and director.
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Source of wealth information.
Yearly compliance requirement of a Seychelles IBC
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Register of Directors: The names of the directors are reported to the Register, but this information is not accessible to third parties.
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Bi-annual accounting records: accounting records are provided to the registered agent twice per year.
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Financial Statement Summary: Most companies must submit a Financial Statement Summary once per year.
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Renew Registered Agent and Address.
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Government fee: US$150
Uses of a Seychelles Offshore Company
A company in Seychelles can be used for several legal purposes:
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Conducting business / trading.
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Counseling or Professional Services.
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Asset Protection.
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Holding Company.
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Acting as a corporate shareholder or director of another entity.
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International Tax Planning.
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Crypto trading and crypto related businesses.
Seychelles Offshore Company Formation Price
Basic Formation
US$1,100
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IBC Formation and primary documents.
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Government Fee.
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Registered Agent and Address by a local licensed CSP.
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Full assistance in filling formation and due diligence form
Premium
US$2,300
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All in Basic Package, plus:
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Corporate Shareholder and Director. (Nominees)
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Business and Mailing Address.
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Notarization and Apostille of primary formation documents
Legal Counseling
US$300/Hour
We provide counseling on international tax planning, asset protection, banking, and more. Through this counseling you can make sure your international strategy will work.