Seychelles

Seychelles

Seychelles

Seychelles Offshore Company is an ideal solution for a new or a small international business due to the low price of incorporation and maintenance cost. A Seychelles Offshore Company is completely exempt of taxes and reporting.

1. GENERAL INFORMATION ABOUT THE SEYCHELLES

The Republic of Seychelles is an island state in the Indian Ocean, located to the South of the equator and to the North of the island of Madagascar. The Seychelles became independent of the UK in 1981.
      •   Population of the islands is about 84 thousand people.
      •   Total area of the islands is 455 sq. km.
      •   Official languages – French and English.
      •   Currency – Seychellois rupee (SCR).

2. ADVANTAGES OF A SEYCHELLES OFFSHORE COMPANY

      •   Low cost of incorporation.
      •   English is one of the official languages.
      •   Modern and developing legislation.
      •   The client may use a nominal service.
      •   No requirements to submit reports.
      •   Privacy policy for the clients, owners and directors.
      •   Not necessary to employ a resident secretary.
      •   There are no legal restrictions on trading outside the Seychelles.
      •   There are restrictions on illegal activity and on any activity that requires additional licenses, e.g. bank or insurance services.

3. REQUIREMENTS OF THE SEYCHELLES OFFSHORE COMPANIES

An offshore company may not own any real estate in the Seychelles. It is prohibited for the Seychelles Offshore Companies to render services to the island’s residents. There are restrictions to use the words "Bank", "Insurance Company", "Trust", and "Royal" in the title of the company.

4. SHAREHOLDERS

Minimum number of shareholders is required by the Seychelles legislation – at least one natural person or legal entity.

5. DIRECTORS

      •   Only one director is required. The director may be of any citizenship and either natural person or legal entity.
      •   One person may be both the director and the shareholder.
      •   Nominal service may be used to ensure higher privacy.

6. REPORTING

No reporting is required.

7. SHARES

      •   It is not necessary to pay the share capital.
      •   Shares may have or have not nominal value.
      •   Shares may be issued in any currency, to bearer and transferrable.
      •   Only one director is required. The shareholder may be of any citizenship and either natural person or legal entity.
      •   One person may be both the director and the shareholder.
      •   Nominal service may be used to ensure confidentiality.

8. TERM OF REGISTRATION OF A SEYCHELLES OFFSHORE COMPANY

The period of time required to incorporate a Seychelles Offshore Company is one or two days. Four to eight more days are required to notarise, apostillise and deliver the documents to the client by a courier service.

 

THE REGISTRATION OF A SEYCHELLES OFFSHORE COMPANY CONSISTS OF THE FOLLOWING STEPS:
      •   Check the name of the offshore company with the Registrar and approve it.
      •   Prepare and fill the registration documents.
      •   Pay the state duties and fees.
      •   Register the company with the Registrar of the Companies.
      •   The documents will be notarised and apostillised if required.
      •   Deliver the documents to the client by a courier service.

SUPPLIED DOCUMENTS:
      •   Certificate of Incorporation
      •   Memorandum and Articles of Association
      •   Appointment of the First Director
      •   Minutes of the First Meeting
      •   Share Certificates
      •   Register of Directors
      •   Register of Shareholders
      •   Seal
If the nominal service (full package) is used, then the set of documents also includes the apostillised Power of Attorney, the Declaration of Trust issued by the nominee shareholder, the Undated Nominee Director Resignation Letter, and signed but not filled Share Transfer Form. The basic package includes apostillised Certificate of Incorporation, Memorandum and Articles of Association, and Appointment of the First Director.