Seychelles International Business Company

Key Features of Seychelles International Business Company:

1. Shareholders:
   Seychelles IBC should have at least one shareholder. The company’s shares must be issued in registered form. Shareholders’ information is kept confidential, but their records must be maintained at the company’s registered address in Seychelles. Corporate entities can become shareholders in a Seychelles IBC.
2. Directors:
   The company must have at least one director, and corporate directors are allowed. Details of directors must be filed with the Seychelles Registry within 90 days after the company is incorporated.
3. Officers/Secretary:
   The secretary may be a natural person or body corporate, be of any nationality and need not be resident in the Seychelles. Registers of Beneficial Owners
   Seychelles IBCs must maintain a Registers of Beneficial Owners (RBO) at the office of its Registered Agent in Seychelles. A copy of the RBO should be submitted to the FIU. The person entitled to inspect the RBO can be the company’s director, member, or a person mentioned in the RBO.
4. Registers of Beneficial Owners:
   Seychelles IBCs are required to maintain a Registers of Beneficial Owners (RBO) at the office of its Registered Agent in Seychelles.
   A copy of the Register of Beneficial Owner should be submitted to the FIU, and the information will be kept confidential and not publicly accessible. The persons entitled to inspect the RBO are the company’s director, member, or a person whose name is in the RBO.
5. Restrictions on Name and Activity:
   Names of incorporation Seychelles IBC must end with the following words or their abbreviations:
   • Limited
   • Corporation
   • Incorporated
   • Societe Anonyme or Sociedad Anonima
   Avoid the following words:
   • Assurance
   • Bank
   • Building Society
   • Chamber of Commerce
   • Chartered
   • Co-operative
   • Fund
   • Imperial
   • Insurance
   • Municipal
   • Mutual Fund
   • Royal
   • Trust
   Note: A Seychelles International Business Company cannot carry on business in Seychelles. The entity may not own real estate or undertake insurance, banking, & registered agent business without obtaining a special license.
6. Local Requirement of a Seychelles International Business Company:
   • Maintain a registered office address within Seychelles
   • Appoint a Seychelles resident as a registered agent
   We provide these services as part of the domiciliary services.
7. The time period for Seychelles Company Incorporation:
   Incorporation of a Seychelles IBC can be achieved within 24 hrs. However,It may take around a week to receive documents after the company is Incorporated. We also offer ready-made companies if you’re looking for an immediate purchase.
8. Annual Reporting:
   A company shall keep reliable accounting records that are sufficient to show and explain the company’s financial transactions and the registered agents are required to keep in their file the accounting records for a period of 7 years from the transaction date..
9. Taxation of a Seychelles International Business Company:
   Seychelles IBC are non-resident companies, they are not entitled to tax residency certificates and are exempted from local taxation. Also, they cannot avail of benefits from Double Tax Avoidance Agreements.
10. Confidentiality of a Seychelles International Business Company:
    The Republic of Seychelles is an independent country. Also, unlike many other offshore tax havens, the country is not subject to the EU Savings Tax Directive. Therefore, Seychelles avoids information-sharing agreements with foreign companies and countries for financial aid. This ensures full confidentiality in the Seychelles corporate and business legislation.
11. Seychelles International Business Company Renewal:
    The anniversary date of a Seychelles IBC marks the renewal date of the company’s registration. Late payment for up to 90 days results in a 10% penalty fee and 50% for over 90 days late. After this time period, the Registrar of Companies will strike off the company from the Registry for non-payment of fees.
    The following documents must be submitted for renewal:
    • Declaration of annual returns
    • Latest valid passport copy
    • Recent utility bill for address proof of shareholder/director
    • Latest certificate of incumbency, if applicable