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Seychelles International Business Companies are useful alternatives to
offshore companies established in jurisdictions such as the British Virgin
In December 1994 the Seychelles enacted legislation enabling the registration
of International Business Companies, International Trusts and the licensing of
International (free) Trade Zone Companies. More recent legislation covers the
licensing of offshore banks, offshore Insurance, mutual funds activities and the
regulating of a securities industry. The new laws were a result of intensive
studies of long established offshore jurisdictions and world-wide trust
Although not dissimilar to those of the well-established offshore
jurisdictions such as the Cayman, the laws take a most comprehensive, modern and
attractive approach to the establishment and operation of offshore companies,
mutual funds, offshore banking, offshore insurance and freeport activities.
Seychelles is one of the fastest IBC registrar in the world. The
International Business Companies Act, 1994, governs the operations of offshore
companies. The registration process in Seychelles is straightforward.
The Seychelles group of islands in the Indian Ocean comprises over one
hundred named islands, most being situated between four and five degrees South
of the equator. The largest island is Mahé.
The Seychelles has a population of around 80,000, descended primarily from
French settlers, Africans, British sailors and traders from India, China and the
Discovery of the Islands is credited to the Portuguese explorer Vasco de
Gama. The first French settlement was established on St. Anne Island on the 27th
In 1814 the Seychelles, along with Mauritius, were ceded to Great Britain
under the terms of the Treaty of Paris. It was only in 1960 that the first
gradual constitutional reforms were introduced.
The Head of State is the President and a National Assembly of directly
elected Members heads the legislative side of Government. Seychelles is an
independent republic within the British Commonwealth.
The Seychelles economy is primarily tourism and fishing
based. Industrial fishing is on the increase.
The rapidly expanding financial sector, linked to the establishment of the
Seychelles International Business Authority and a suite of progressive laws
facilitating the establishment of offshore structures and encouraging inward
investment, is now a significant element of the economy.
An ever-increasing number of international banks and insurance companies have
established either branches or subsidiaries whom, together with local
management, accounting and legal firms provide clients with support.
The Port of Victoria is well equipped with modern cargo handling equipment
and has more than 6,000 square metres of covered storage space.
The Seychelles International Airport is one of the finest in the Indian Ocean
region. In addition to the national flag carrier, Air Seychelles, the airport is
served by a number of other airlines.
The official languages are English, French and Creole. Creole is spoken
widely. English is the main language of business.
Based on English Common Law and French Civil Law.
The International Business Companies Act 1994.
The Seychelles International Business Company.
Filing of Memorandum of Incorporation at the Registry. The Articles of
Association can be filed either at the same time or within 30 days of
Cannot trade within the Seychelles or own real estate there. Cannot undertake
the business of banking, insurance, assurance, reinsurance, fund management,
asset management (other than the company's own assets) or any other activity
that would suggest an association with the banking and insurance industries. A
Seychelles IBC cannot provide registered office facilities in the Seychelles, or
sell its shares to the public.
A Seychelles incorporated Company has the same powers as a natural person.
Yes, must be maintained in the Seychelles at the office of a licensed
Online incorporation will allow approved sub-agents in Anguilla to
incorporate within minutes. Otherwise, 24 hours is required.
Anything identical or similar to a company already incorporated. Anything
that implies patronage of the Seychelles, or any other government, insurance,
royal, imperial or any other name that may imply that a company intends to
undertake a licensable or undesirable activity.
The name can be in any language, but must be accompanied by a translation in
English or French. The documentation will either be in English, or it is
possible to have bilingual documentation in English and Chinese or any other
language accompanied by a translation in English or French.
The name of an IBC must end in one of the following: Limited, Corporation,
Incorporated, Société Anonyme or their abbreviations. A wide variety of other
suffixes such as BV, GmbH, and SARL may also be used.
Seychelles IBCs are normally incorporated with an authorised share capital of
US$100,000 with par value. The authorised share capital may be expressed in any
currency. The minimum issued capital is either one share of no par value or one
share of par value.
Registered shares, shares of no par value, preference shares,
redeemable shares and shares with or without voting rights.
An International Company is exempted from local taxation.
Annual Licence Fee is US$100 irrespective of Authorised Capital.
There is no requirement to file financial statements, but a company must keep
records to reflect its financial position.
The minimum number of directors is one, who may be a natural person or a body
corporate. They may be of any nationality and need not be resident in the
A Seychelles IBC need not appoint a company secretary, although it is
customary to do so. The secretary may be a natural person or body corporate, be
of any nationality and need not be resident in the Seychelles.
The minimum number of shareholders is one.
Seychelles IBC Fact Sheet
Seychelles IBC Enquiry Form
Seychelles IBC Order Form
A bespoke 'offshore' solution can be complex and requires careful planning
and execution. We therefore encourage our clients to contact us directly,
without obligation, for a Free Initial Consultation.
Our experienced consultants will gladly assist with advice on how to approach
your particular challenge.
To make contact with a consultant at one of our offices who speaks your
language, click here
for a full list of our office contact details.