Seychelles Public Fund

Public fund or Public mutual fund means any mutual fund which is not a private fund or a professional fund.

The Mutual Fund and Hedge Fund Act, 2008 sets out the guidelines pertaining to the application and licensing of a Public Fund.

Overall Legal Requirements

General Requirements Corporate Details
·         Entity IBC

Special License Company (CSL)

Protected Cell Company

Unit Trust

Limited Partnership

·         Local Office Not compulsory
·         Register open to public inspection
·         Minimum Number Two
·         Corporate Directorship Allowed
·         Requirement to prepare Yes
·         Audit requirements Yes
·         Requirements to file accounts Yes
Share capital
·         Minimum Subscription None
·         Minimum Investors None
Service Providers Required
·         Auditor Yes (Local or Foreigner)
·         Investment Manager Yes
·         Fund administrator Yes
·         Custodian Yes


Public funds licensed in Seychelles are fully exempt from business tax on the income of a fund except where a Company with Special License is used to access double taxation treaty benefits in which case an income tax rate of 1.5% applies.

The exemption also extends to withholding tax (dividends, interest, royalties, capital gains) and stamp duty.