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Seychelles International Business Company

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SYNOPSIS

Seychelles is an archipelago located northeast of Madagascar in the Indian Ocean. The archipelago is approximately 2.5 times the size of Washington, DC. It is comprised of over one hundred islands. The total population of Seychelles is approximately 79,000. The weather ranges from humid to tropical marine. The government type is a republic. The capital city of Seychelles is Victoria.

Seychelles is one of the newer offshore center in the world and benefits from it’s extensive offshore legislation.

THE SEYCHELLES INTERNATIONAL BUSINESS COMPANIES:

A Seychelles International Business Company has the following characteristics:

  1. Shareholders:
    A minimum of one shareholder is required in setting up a Seychelles International Business Company and shares are to be issued in registered form. No details of the shareholders appear on the public file but a register of shareholders must be kept at the registered office address of the company in Seychelles. Corporate shareholders are permitted in a Seychelles International Business Company.
  2. Directors:
    A minimum of one director is required and corporate directors are permitted in setting up a Seychelles International Business Company. Details of Director is required to be filed in Seychelles Registry within 90 days after the company is incorporated. Details of the directors do not appear on the public file.
  3. Officers/Secretary:
    A company secretary must be appointed in setting up a Seychelles International Business Company and can be a natural person or body corporate, it can be of any nationality and need not be resident in the Seychelles.
  4. Restrictions on Name and Activity:
    Names of a Seychelles International Business Company must end with one of the following words, or abbreviations thereof – Limited, Corporation, Incorporated, Societe Anonyme or Sociedad Anonima. A wide variety of other suffixes such as BV, GmbH, and SARL may also be used if desired.
    The following words and their associated activities, cannot be used: Assurance, Bank, Building Society, Chamber of Commerce, Chartered, Co-operative, Fund, Imperial, Insurance, Municipal, Mutual Fund, Royal and Trust or it can not have any word which implies that a licensable activity is being undertaken.
    Seychelles International Business Companies can-not carry on business in Seychelles, may not own real estate in Seychelles and can-not undertake banking, insurance & registered agent business without special license.
  5. Local Requirement of a Seychelles International Business Company:
    As a matter of company law the International Business Company MUST maintain a registered office address within Seychelles and must also appoint a Seychelles resident as registered agent. We would generally provide these services as part of the domiciliary service fee.
  6. Timescale in Seychelles International Business Company Set Up:
    Incorporation of a Seychelles International Business Company can be achieved within 24 hours. However, it does take approximately 1 week for documents to arrive from Seychelles. We do keep ready-made companies in stock available for immediate purchase.
  7. Annual Reporting:
    No accounts need to be filed but annual returns are required to be filed for a Seychelles International Business Company. It should be noted that penalty fees will be incurred if the license fee is not paid when due.
  8. Taxation of a Seychelles International Business Company:
    A Seychelles International Business Company is exempted from local taxation. Seychelles International Business Companies are non-resident companies and hence not entitled to tax residency certificate and also can not avail benefits under any Double Tax Avoidance Agreements.
  9. Confidentiality of a Seychelles International Business Company:
    The Republic of Seychelles is an independent country. As such, it is not sharing or reporting information to any overseas “principal”, or organization. Seychelles is not subject to the EU Savings Tax Directive, unlike some other offshore tax havens related to the EU member states (primarily, to the UK and its overseas territories).
    Seychelles has avoided entering any information-sharing agreements with foreign countries or organizations for exchange of financial aid. Client confidentiality is robustly enshrined in the Seychelles corporate and business legislation.
  10. Seychelles International Business Company Renewal:
    Renewal for Seychelles International Business Companies falls every anniversary date of incorporation. Late payment of the Government duties in Seychelles will result in a 10% penalty fee if the payment is up to 90 days late, and 50% late penalty fee, if the payment is over 90 days late. After that time, the Registrar of Companies will proceed to strike-off the company from the Registry for non-payment of fees.
    Declaration of annual returns, Latest valid passport copy and recent utility bill for address proof of shareholder/director are required to be submitted at every renewal as a part of enhanced due diligence. If shareholder is a corporate entity, then latest certificate of incumbency and above stated docs of directors would be required.

11. Required Documents in Setting Up a Singapore Company:

KYC Documents for individual Director/Shareholder:

  1. Passport – original to be verified personally in our office, otherwise client can provide an original notarized copy of the passport
  2. Proof of address (in the form of utility bill, dated less than 3 months)
  3. Bank reference (dated less than 3 months with satisfactory record clearly mentioned and also the time period the client has been dealing with the bank: minimum of 2 yrs)
  4. Detailed CV
  5. Professional reference letter (can be issued by Lawyer or Certified Public Accountant)
  6. Dully filled FATCA Form
  7. Notarized US Declaration (if a US Person)

KYC for Corporate Director/Shareholder:

  1. Certificate of Incorporation
  2. Registered address and place of business
  3. Certificate of Current Standing if incorporated more than 1 year
  4. Register of Directors
  5. Register of Shareholders
  6. Memorandum & Articles of Association

All documents of the corporate entity must be certified by a Lawyer or Certified Public Accountant

Incorporation of a Seychelles International Business Company begins from USD 1,610/-

Global Business Services DMCC has helped many individuals and corporate entities to set up an International Business Company in Seychelles. Our Company acts as a one stop solution for Seychelles International Business Company incorporation services.

If you are looking for Seychelles International Business Company set up, please get in touch with us for professional assistance.

Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal, tax or other professional advice. We do not accept any responsibility, legal or otherwise, for any errors or omissions.

GBSOur Office
Organically grow the holistic world view of disruptive innovation via empowerment.
+971 4 4471803
OUR LOCATIONWhere to find us?
For company formation and company incorporation services please contact us at our mailing address:

Office No.12A-06,
13th floor HDS Tower,
Plot No. F2,
Jumeirah Lakes Towers,
Post Box 309074,
Dubai (U.A.E)

GET IN TOUCHGBS Social links
Taking seamless key performance indicators offline to maximise the long tail.
GBSOur Office
Organically grow the holistic world view of disruptive innovation via empowerment.
+971 4 4471803
OUR LOCATIONWhere to find us?
For company formation and company incorporation services please contact us at our mailing address:

Office No.12A-06,
13th floor HDS Tower,
Plot No. F2,
Jumeirah Lakes Towers,
Post Box 309074,
Dubai (U.A.E)

QUICK LINKSOur Services
GET IN TOUCHGBS Social links
Taking seamless key performance indicators offline to maximise the long tail.
AVANTAGEHeadquarters
Organically grow the holistic world view of disruptive innovation via empowerment.
OUR LOCATIONSWhere to find us?
GET IN TOUCHAvantage Social links
Taking seamless key performance indicators offline to maximise the long tail.
AVANTAGEHeadquarters
Organically grow the holistic world view of disruptive innovation via empowerment.
OUR LOCATIONSWhere to find us?
GET IN TOUCHAvantage Social links
Taking seamless key performance indicators offline to maximise the long tail.

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Copyright © 2020 Global Business Services.

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