The Seychelles are a group of Islands situated at the centre of the Indian Ocean.

They were granted independence from the UK in 1976 and are now a presidential republic that is also part of the Commonwealth.

In 1994 under the International Business Company's Act, a flexible legislative environment allowed for the registration of IBC's and since then the popularity of Seychelles IBC's has grown.

General
Type of entity IBC
Type of law Hybrid
Minimum government fee US$100
Corporate taxation Nil
Double tax treaties None
Name requirements Limited, Corporation, Incorporated, Societe Anonyme, Sociedad Anonima (or appropriate abbreviations)
Name restrictions Assurrance, Bank, Building Society, Chamber of Commerce, Chartered, Cooperative, Imperial, Insurance, Municipal, Royal, Foundation, Trust
Change in Domicile permitted Yes
Share in capital or equivalent
Standard currency of share capital US$
Permitted currencies of capital Any
Minimum paid uip share capital US$1
Usual authorised share capital US$100,000
Directors or Managers
Minumum number of directors/managers One
Local directors required No
Government register/pubic record of directors/managers No
Location of directors/managers meetings Anywhere
Members
Minimum number of shareholders/members One
Government register/public record of shareholders/members No
Location of members meetings Anywhere
Company Secretary
Company secretary required No
Company secretary, local or qualified No

 

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