Start a Business in
Seychelles

Key Considerations for Company Setup in Seychelles

When embarking on the journey to establish a company in Seychelles, several crucial aspects demand attention. Some of the most vital considerations include:

Appointing a registered agent to serve as the Incorporator, facilitating the acceptance and issuance of the Certificate of Registration.

Selecting a local legal address and designating a local resident of Seychelles as the company secretary.

Although there are no specific share capital requirements for Seychelles company formation, it’s essential to note that the entire registration process typically takes 5 to 6 business weeks once the documentation is completed.

Companies Taxation in Seychelles

A significant benefit of establishing and managing a company in Seychelles lies in the exclusive taxation treatment. Seychelles enjoys a 0% corporate tax rate, and taxation is only applicable based on the double tax treaty signed with your home country. This arrangement ensures that your home country is the sole entity charging taxes on your business in Seychelles.

Incorporation Requirements in Seychelles

To successfully establish and register a company in Seychelles, specific statutory requirements must be met. Key considerations include:

For a limited liability company (LLC), a minimum of two shareholders is required.

For an International Business Company (IBC), a minimum of one shareholder is necessary for registration.

Both IBC and LLC mandates a minimum of two directors, who must be natural persons.

IBC registration involves filing documents with the Seychelles International Business Authority.

Special license companies (CSL) require document filing with the Financial Services Authority.

LLC registration necessitates filing documents with the Companies Register.

Regardless of the chosen company type, it is legally mandated to have a local registered address and appoint a local agent who acts as the Incorporator for the organization.

Limitations on Establishing a Company in Seychelles

Despite Seychelles being renowned as a global tax haven with a flexible regulatory framework, foreign investors must adhere to certain restrictions. Key limitations include:

Bearer shares are strictly prohibited, regardless of the chosen company type for registration.

The company’s trade name cannot include terms such as government, republic, or Seychelles.

Offshore companies are prohibited from participating in financial transactions within Seychelles.

Trading in the local market and owning property on the island are strictly forbidden for any offshore company.