Seychelles Company Formation

SEYCHELLES COMPANY FORMATION AND BANK ACCOUNTS. READY MADE (SHELF) COMPANIES

Seychelles Company (IBC). Seychelles Company Registration.

KGN Services specializes in Seychelles company registration and opening bank accounts.

Seychelles Company Formation – Overview

The Seychelles is an archipelago that is located in the Indian Ocean to the east of Africa. In 1994, this island nation passed legislation known as the Seychelles IBC Act. This created a system for offshore companies to be formed on the Seychelles. These International Business Companies, known more commonly as Seychelles IBCs, allow foreign individuals and companies to form a limited liability corporation on the Seychelles with all of the powers of a natural person. All of this with zero corporate tax and strong privacy provisions.

The advantages of Seychelles Company formation

Strong Protections Against Disclosure of Information

The ultimate reasons for forming a Seychelles IBC can be quite varied. However, most parties share one thing in common in forming one, they want and expect high levels of privacy and absolute confidentiality. A Seychelles tax haven offers one of the highest degrees of privacy. At no time are the identities of the beneficial owners, directors or shareholders ever made public. In the Seychelles, the public registration records for a Seychelles IBC are recorded by the Registrar of Companies. When forming a Seychelles IBC, the only information that is kept by this registrar is the name and address of the registered agent, the Memorandum of Association and the Articles of Association. The names of the shareholders and directors are only kept by the registered agent. The registered agent is retained by you to receive notifications. The registered agent is a third-party that has no direct connection to the Registrar of Companies. Any documentation held in their care is treated as confidential to you and cannot be revealed to anyone. The laws regarding the release of such information by a registered agent are very tight.

The Seychelles are not party to any double taxation treaty with any other country. They are also not party to the European Union Savings Tax Directive. This makes it very difficult, some would say impossible, for a Seychelles IBC in legitimate operation to ever have their information shared with a foreign government or institution.

This makes the Seychelles tax haven one of the tax havens with the tightest level of privacy in the world.

A Seychelles Tax Haven is Truly Tax-Free

The fundamental element of a tax haven is minimizing the tax burden. A Seychelles IBC is not responsible for any tax on earnings of any kind. These include profits, dividends and capital gains. Even when property is transferred by the Seychelles IBC no stamp duty is incurred. It is truly a tax-free entity.

All that is required to maintain this tax-free status is for the Seychelles IBC not to own real estate in the Seychelles and for it not to conduct business within the country. Aside form that, the only other limitation is that the Seychelles IBC may not engage in banking or insurance related business operations without an accredited license for those activities. This means that for the vast majority of individuals and companies seeking tax relief, a Seychelles tax haven is open to them.

Key Benefits of Seychelles Company Formation

0% corporate tax
0% capital gains tax
0% profit tax
0% gift tax
0% sales tax / Value Added Tax
0% inheritance tax
Exemption from all local taxes and stamp duty
Maximum confidentiality and anonymity
Ease of operation, maintenance and control
Asset security
No disclosure or minimum capital requirements
A minimum of one shareholder is required for Seychelles IBC
A minimum of one director is required for Seychelles IBC
Incorporations within 1-2 days
Excellent and flexible post-incorporation follow-up services
No statutory requirement to hold annual general meetings
Highly competitive fees and costs

Seychelles Company Formation – Legislation

Principal Corporate Legislation

Seychelles IBC Act 2016.

Type of Law

Common.

Language of Legislation and Corporate Documents

English.

Type of Company for International Trade, Investment & Tax Planning

Seychelles IBC.

Key Facts

Share Capital

Standard authorised share capital is US$100,000. Minimum paid up share capital is US$1.

Classes of Share Available

Registered shares, shares of no par value, preference shares, redeemable shares and shares with or without voting rights.

Bearer Shares

Not allowed.

Restrictions on Trading

Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted.

Registered Agent Required

Yes.

Registered Office Required

Yes, must be maintained in the Seychelles

Directors

The minimum number of directors is one. Director can be of any nationality and need not be resident in Seychelles. Corporate directors are permitted.

Shareholders

The minimum number of shareholders is one.

Publicly Accessible Records

No.

Nominee Shareholders and Nominee Directors

Allowed.

Location of Meetings of Directors and Shareholders

Anywhere.

Personal Presence Required

No.

Taxation

Nil.

Double Taxation Treaty Access

None.

Requirements to File Accounts

None.

Requirement to File Annual Return

None.

Audit Requirements

None.

Exchange Control

None.

Time to Incorporate

1-2 days.

Name of an IBC

Language of Name

English.

Restricted Words

Words such as “Assurance”, “Bank”, “Building Society”, “Royal”, “Trust”, “Trustee” etc. will require justification.

Name of an IBC

The words “Limited”, “Corporation” or “Incorporated” or the abbreviations “Ltd”, “Corp”, “Inc” (or PCC for protected cell companies) must be part of the name of every IBC.

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Seychelles Company Formation Prices

Seychelles Company Formation Package Includes:

Seychelles Company Name Check
Initial Business Approval
Preparation of Application Documents
Company Registration Fee
Registered Office Address for 1 year
Registered Agent Services for 1 year
Government filing fee
Certificate of Incorporation
Memorandum & Articles of Association
Minutes of first meeting appointing the directo(s)
Share Certificate(s)
Register of shareholders
Register of directors

Starting at: $1790

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Why Choose KGN Services?

We’ve been helping business owners since 1996

Incorporating your business is our focus

We make a complex process fast and easy

We work closely with Companies Registries to guarantee our service

Fastest offshore companies & accounts – Most competitive pricing worldwide

Services offered in Seychelles

KGN Services provides the following services related Seychelles Company Formation:

Company Formation
Registered Office and Agent Services
Secretarial Services
Nominee Shareholder/Nominee Director
Opening of Bank Accounts
Full Administration Services
Mailing Address
Virtual Office
Trademark Registration
Yacht Registration

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Seychelles – General Information

Location: Archipelago in the Indian Ocean, northeast of Madagascar.

Area: total: 455 sq km, land: 455 sq km, water: 0 sq km. …

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Natural resources: Fish, coconuts (copra), cinnamon trees.
Population: 93,920 (July 2017 est.).
Capital: Victoria.

Time Zone: UTC+4.

Languages: Seychellois Creole (official) 89.1%, English (official) 5.1%, French (official) 0.7%, other 3.8%, unspecified 1.4% (2010 est.).

Government type: Presidential republic.

Legal system: Mixed legal system of English common law, French civil law, and customary law.
International organization participation:ACP, AfDB, AOSIS, AU, C, CD, COMESA, EITI (candidate country), FAO, G-77, IAEA, IBRD, ICAO, ICC (NGOs), ICCt, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, InOC, Interpol, IOC, IOM, IPU, ISO (correspondent), ITU, MIGA, NAM, OIF, OPCW, SADC, UN, UNCTAD, UNESCO, UNIDO, UNWTO, UPU, WCO, WHO, WIPO, WMO, WTO (observer).
Economy: Since independence in 1976, per capita output in this Indian Ocean archipelago has expanded to roughly seven times the pre-independence, near-subsistence level, moving the island into the high income group of countries. Growth has been led by the tourist sector, which directly employs about 26% of the labor force and directly and indirectly accounts for more than 55% of GDP, and by tuna fishing. In recent years, the government has encouraged foreign investment to upgrade hotels and tourism industry services. At the same time, the government has moved to reduce the dependence on tourism by promoting the development of the offshore financial, information, and communication sectors, and renewable energy.
As a very small open economy dependent on tourism, Seychelles remains vulnerable to developments such as economic downturns in countries that supply tourists, natural disasters, and changes in local climatic conditions and ocean temperature. One of the main challenges facing the government is implementing strategies that will increase Seychelles’ long-term resilience to climate change without weakening economic growth.

Currency: Seychelles rupee (SCR).

KGN Services | Seychelles Company Formation

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