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Seychelles Public Fund

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 

License Application Fee 

US1,500 

License Renewal Fee 

US 1,500 

Local Office 

Not compulsory 

Register 

open to public inspection 

Directors 

 

Minimum Number 

Two 

Corporate Directorship 

Allowed 

Accounts 

 

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 

Taxation

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. 

Advantages of a Seychelles Public Fund

  1. Foreign Fund Administrators Permitted
  2. Seychelles public fund can be established, administered and maintained for much less.
  3. Seychelles offers an attractive overall proposition for mutual funds.
  4. Another distinct advantage of public funds licensed in Seychelles are the variety of options for fund vehicles.
  5. Public funds licensed in Seychelles are fully exempt from business tax on the income of a fund apart from CSL which is taxed at 1.5%

We are a licensed Corporate Service Provider in Seychelles offering company formation and management, together with the comprehensive advice and support that will assist companies of all sizes to establish business operations successfully in Seychelles.