Seychelles IBC
Seychelles International Business Company is a private company, which is designed to engage in any lawful business outside Seychelles. Seychelles has been offering clients offshore formation packages since the passing of the International Business Companies Act in 1994. With new Act 2016 which came into force, The Act makes provision for a strong and attractive regulatory framework (according to the Financial Standard), contributing to continued competitive and sustainable growth for Seychelles as an International Financial Services Centre. and has grown rapidly in the sector due to its flexible structure, exceptional protection regulations and enabling legislation, making it among the best jurisdictions for offshore company formations.
An IBC is ideal for a company that intends to carry on international trading, marketing, consultancy services, logistics, IT services, Holding company. It takes 1-2 business days to incorporate an IBC.
Key Features
| Seychelles IBC | Corporate Details |
| General | |
| · Type of Entity | IBC |
| · Registered Office in Seychelles | Yes |
| · Shelf company availability | Yes |
| · Name Reservation | 1 Business day. Approved and Reserved for 30 days |
| · Our time to establish a new company | 1-2 Business Days |
| · company Name is required to end with the word or Abbreviation | – Limited
– Corporation – Incorporated – Ltd – Corp – Inc |
| · Corporate Taxation | Yes for IBC’s operating within Seychelles |
| · Access to Double Taxation Treaties | No |
| Share capital or equivalent | |
| · Standard currency | USD (local currency Seychellois Rupee SCR) |
| · Permitted currencies | Any |
| · Minimum paid up | No minimum |
| · No par value shares allowed | Yes |
| Directors | |
| · Minimum number | One |
| · Local required | No |
| · Publicly accessible records | No |
| · Location of meetings | Anywhere |
| · Corporate directorship allowed | Yes |
| Shareholders | |
| · Minimum number | One (which can be the Director) |
| · Publicly accessible records | No |
| · Corporate shareholder allowed | Yes |
| · Location of meetings | Anywhere |
| Company Secretary | |
| · Required | No |
| · Local or qualified | No |
| Accounts | |
| · Requirements to prepare | Yes |
| · Audit requirements | Yes for IBC’s operating within Seychelles |
| · Requirements to file accounts | Yes for IBC’s operating within Seychelles |
| · Publicly accessible accounts | No |
| Other | |
| · Requirement to file annual return | No |
| · Migration of domicile permitted | Yes |
Additional information
- Minimum of 1 Director required. Can be either an individual or an Entity
- Minimum of 1 Shareholder required. Can be either an individual or an Entity
- Minimum of 1 Beneficial owner required. As per Beneficial Owner Act 2020 It has to be a natural persons who ultimately owns or controls, whether directly or indirectly, 10% or more of controlling ownership interest including the shares or voting rights of the said legal persons (Beneficial ownership act 2020).
- Nominee services available for Director and shareholder
- Certified KYC’s Required for each individual/Entity’s (director/shareholder/BO)
Public access to information:
- A copy of register of Directors must be filed with the registrar. However, information from it is not publicly available. In case of any changes in the register of directors, a copy of the updated register must be filed within 30 days after any change.
- A copy of Register of Beneficial owner (BO) must be filed with the Seychelles Financial Intelligence Unit.