Offshore company in the Seychelles

INTERNATIONAL BUSINESS COMPANIES ACT, 1994 — the main law governing the formation of the most widely used international companies
The legal system of the Seychelles is based on English common law and French civil law.

Registration

A Seychelles International Business Company can be registered within 5 working days.
A wide range of company names is available for registration.
The Memorandum and Articles of Association are filed at registration.
You must have a registered office in the Seychelles. The address of your registered office and the name of the subscriber to the constitutional documents must be submitted for Registration. We will provide this service
We will file all the documents required for registration.

Company structure

Seychelles offshore companies are very flexible with regard to share capital, shares, shareholders and directors

There are no minimum or maximum share capital requirements for Seychelles companies
Shares may be issued with or without par value
An offshore company does not need more than one director
To register an offshore company in the Seychelles, directors and shareholders may be residents of any country
One director and one shareholder are allowed. One of them may be both director and shareholder.
A director cannot be a shareholder.
Directors and shareholders may be individuals or legal entities

Anonymity

The names of the founder and director are disclosed in public records, so nominee directors and founders should be used; we will provide you with a full nominee service.

There are no share capital size requirements for offshore companies in the Seychelles. A government fee is payable on registration: $100 for capital up to $5000, 300$ for capital up to $ 50,000 and $1000 for capital over $50,000. There is also an annual fee equal to the registration fee.

Shares of a company in the Seychelles may be issued in various forms and classes and may include: shares issued with or without par value, with or without voting rights.
Shares may be issued in any currency.
Only registered shares may be issued.

Shareholders, directors and employees

The minimum requirement for a Seychelles company is one shareholder and one director, who may be the same person.
These may be nominee shareholders and directors.
There is no requirement to have employees, but if they are needed, they may be the same director and shareholder.
Shareholders and directors may be of any nationality and reside in any country.
Directors and shareholders may be either individuals or legal entities.

Shareholders' and directors' meetings

Seychelles companies do not need to hold annual general meetings of shareholders. If such a meeting is planned, it may be held anywhere in the world and by any means, including by telephone or other electronic means through which the shareholders can communicate effectively with each other.
Directors' meetings are not required.

Taxes and fees

Seychelles offshore companies are fully exempt from tax on profits earned from activities carried out outside the Seychelles.
The annual renewal fee for the company (government duties, and, if required, the nominee service fee) is paid every year on the anniversary of the company's incorporation in the Seychelles and every subsequent year of its existence. We will provide you with this service.

Reporting and audit

There is no requirement to file financial statements or undergo an audit.
If directors' meetings are held, minutes of shareholders' and directors' meetings must be kept, and copies of all shareholder and director resolutions, reports and minutes of the above meetings must be kept at the registered office or at any other place. This is decided by the directors, who notify the registrar of any change of address.

Currency

Seychelles companies may conduct lawful business in any country and in any currency at their discretion.
Shares and share capital may be denominated in any currency.

Restrictions and exceptions for companies registered in the Seychelles

An international company registered in the Republic of Seychelles may not:
Do business with residents of the Seychelles
Own real estate in the Seychelles
Carry on business in banking, trust and insurance (reinsurance) unless it holds the appropriate licence.
Provide management services to local companies or register offices in the Seychelles.

Offshore companies registered in the Seychelles may:

Engage local lawyers, accountants, investment advisers, etc. in a professional capacity,
Hold shareholders' and directors' meetings in the Seychelles;
Own shares in other Seychelles companies under the Companies Act of 1942;
Enter into dealings with the government or hold central bank securities;
Own a vessel registered in the Seychelles;
A Seychelles resident may hold shares in a Seychelles offshore company;

The name of a Seychelles offshore company must end with a word, phrase or abbreviation indicating limited liability. Examples: «Ltd», «Limited», «Corp», «Corporation», «SA», «Societe Anonyme».

The company name must not end with a word or phrase that may suggest government authority. Words, phrases or their abbreviations such as «Seychelles», «Republic», «Government», or «National»

In addition, words such as bank, chamber of commerce, foundation, trust, etc. may not be used without a special permit or licence.
Seychelles offshore companies must have a registered office in the Seychelles with a physical address. We provide this service for you.

Price of offshore company registration in the Seychelles

Seychelles Offshore