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. 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 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.
6. 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.
7. 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.
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:
   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.
10. 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.
11. 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.