Seychelles IBC Fees | Order Seychelles IBC | Shelf Companies
A Seychelles IBC (International Business Company) is a tax-exempt Seychelles offshore company that is perfect for a wide range of applications, for example as a holding company, a trading company, a patent/royalty/copyright holding company, a personal services company, a shipping company, an investment company or an overseas property holding company.
We have long believed that the Seychelles offers the best all-round offshore jurisdiction in which to incorporate an offshore company. The Seychelles provides a stable jurisdiction away from the prying eyes and influence of the UK, EU and the US, along with fast incorporation and some of the lowest fees in the offshore world.
It is no surprise then that the Seychelles is now our top selling jurisdiction.
The many advantages that our customers have identified include:
- Fully Independent so no outside interference from the UK, EU or US
- Politically and economically stable
- Fast incorporation process
- Very flexible company name rules
- Minimal compliance and accounting requirements
- Bearer shares allowed
- No foreign exchange controls
- Value for money
- Zero tax for IBCs
- Low tax rate for Special Licence Companies but with access to double taxation treaties which makes them ideal for investing in China
- Not influenced by the EU Savings Tax Directive
- Excellent for holding UK property investments by non-UK residents.
Article on UK property investment tax benefits.
ABOUT THE SEYCHELLES
Location
The Seychelles are a group of islands located in the Indian Ocean. The largest island is Mahé which contains the capital, Victoria.
Government
Seychelles is an independent republic within the British Commonwealth. The official languages are English, French and Creole although English is the main language for business. Company law is based on English Common Law and French Civil Law.
Company Law
International Business Companies (IBC) are incorporated under the International Business Companies Act 1994.
Taxation
Seychelles International Business Companies (IBC) have no tax liabilities meaning the IBC tax rate is zero percent (0%). Neither are IBCs subject to capital gains taxes, inheritance taxes or death duties.
No Outside Interference
Seychelles is very independent and has no economic ties with the US, EU, UK or Australia. It has not signed (nor is it under any pressure to sign) any information sharing agreements with the US, EU, UK or the Australian Internal Revenue Services.
Company Names
You may name your company almost anything provided it does not already exist on the Seychelles company register, or is very close to an existing company name. Names may end in most of the widely recognised endings such as Limited, Ltd, Corporation, Corp, Inc, SA etc. If you would like to know if a particular name is available then we will be happy to check for you free of charge and without obligation - Free Name Check
Shelf Companies
These are companies which are already formed and are ready for shipment from the Seychelles. They are in good-standing and have never traded. It is possible to change the company's name if necessary. Ask for more details. Click here for the current shelf list
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Total first year's costs (see note below)
PRICE REDUCED
includes incorporation of Seychelles IBC, registered office and agent, and government licence fee
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UK£695
US$1112
UK£575
US$920
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Annual costs (see note below)
includes registered office and agent, filing returns and government licence fee
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UK£595
US$952 |
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Nominee Director and shareholder (per year)
We would appoint a nominee to act on your behalf as a director and shareholder to ensure your anonymity. We appoint individuals not corporate nominees. This includes a non-apostilled Power of Attorney.
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UK£295
US$472 |
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Assistance with opening bank account
We can assist with opening accounts with a bank in Cyprus.
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UK£250
US$400
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Apostilled Documents
We can arrange for a power of attorney and/or company documents to be issued, certified and apostilled - per document
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UK£130
US$208 |
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Mail Forwarding
We will forward all mail as required (by courier or airmail) This fee includes a US$300 float against forwarding fees which will require topping up as necessary
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UK£300
US$480 |
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Courier Fees
We forward company documentation by express airmail however if speed is paramount then a courier service is available
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UK£50
US$80 |
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Note: The first year's annual fees (registered office, registered agent, nominee services and Government Duty) become due on the anniversary of incorporation.
FEATURES OF SEYCHELLES INTERNATIONAL BUSINESS COMPANIES (IBC)
Directors
- Minimum number of directors: 1
- Corporate directors allowed: Yes
- Seychelles director required: No
- Public filing of director details: No
- Public access to director details: No
- Location of Directors meetings: Anywhere
- Directors may attend meetings via telephone or other electronic means
Shareholders (members)
- Minimum number of shareholders: 1
- Corporate shareholders permissible: Yes
- Seychelles shareholder requirement: No
- Public filing of shareholder details: No
- Public access to shareholder details: No
- Location of shareholders meetings: anywhere
- Shareholders may attend meetings via telephonic or other electronic means
Beneficial owners (clients)
- Details of beneficial owner(s) are not publicly accessible, as beneficial owner details are not required to be filed with any Government office in Seychelles
- Shares may be held by a nominee on behalf of the beneficial owner(s)
Share capital
- Standard authorised share capital is US$1,000,000 (though any amount is acceptable, subject to client requirement)s
- Standard minimum issued capital is US$1
- The standard currency is the United States Dollar, but any other convertible currencies are permitted
- The International Business Companies Act 1994 (the "IBC Act") allows for a Seychelles IBC to issue registered and/or bearer shares (although, if so required, an IBC's Memorandum and Articles of Association ("Memo & Arts") may prohibit issuance of bearer shares)
- The IBC Act requires that all issued shares be paid-up - ie. issued in exchange for payment to the Company in cash or other valuable consideration, of such amount as the directors may determine but which cannot be less than the par value per share
- Subject to its Memo & Arts, a Seychelles IBC may issue a share certificate to a shareholder, which shall be signed by a director or other duly authorised officer of the company.
Accounts and Returns
- Requirement to file annual Accounts: no
- Audit requirement: no
- Publicly accessible Accounts: no
- Requirement to file annual company return: no
- An IBC shall keep such accounts and records as the directors consider necessary to reflect the financial position of the company.
Registered Agent
- A Seychelles IBC is required by law to have a Registered Agent (RA) in Seychelles, which must hold a current licence to provide international corporate services from the Seychelles International Business Authority. All documents relating to the IBC must be filed with the Registry by its RA. Provision of a RA is included in our fees.
- Subject to a company's Memo & Arts, the Registered Agent can be changed by passing a directors' resolution.
Registered Office
- A Seychelles IBC is required by law to have a Registered Office (RO) in Seychelles. Provision of a RO is included in our fees.
- Subject to a company's Memo & Arts, the Registered Office can be changed by passing a directors' resolution.
Company Secretary
- Appointment of a Company Secretary is optional and in most cases is not used.
Miscellaneous
- A Seychelles IBC has the same powers as a natural person, including the right to sue and be sued. It is a separate legal entity with limited liability and has perpetual existence.
- Continuation / migration of IBCs to or from Seychelles is allowed.
- A Seychelles IBC is not a Seychelles resident for taxation purposes. A Seychelles IBC may not access a Seychelles Double Taxation Avoidance Agreement.
- A Seychelles IBC name must end in an approved suffix to denote limited liability. There include "Limited", "Ltd.", "Corporation", "Corp.", "Incorporated", "Inc.", "Société Anonyme", "S.A.", "Namloze Vennootschap", "Berhad" or their abbreviations. The full list of approved suffixes is available.
- IBC name restrictions: It is prohibited for a Seychelles IBC name to contain words such as "Assurance", "Bank", "Trust", "Building Society", "Cooperative", "Chamber of Commerce", "Chartered", "Insurance", "Imperial", "Municipal" or "Foundation" or which suggests the patronage of any Government. It is prohibited to use a name already in use or any names deemed by the Registrar to be indecent, offensive or misleading. The following words are prohibited as IBC names unless evidence of the appropriate licence or permission is provided: "Casino", "Fund", "Securities" and "University".
- IBC trading restrictions: a Seychelles IBC cannot carry on business in Seychelles (limited statutory exceptions include maintaining records and a bank account in Seychelles, holding company meetings, and engaging local advisors, etc). An IBC is prohibited from carrying on the business of banking, insurance or reinsurance, and cannot provide registered office facilities in Seychelles for other companies. A Seychelles IBC cannot own Seychelles real estate.
- Language of IBC name: while normally in English, an IBC name can also be registered in any language; this requires a translator's certificate (English or French translation and transliteration). It is also possible to have bilingual Memo & Arts documentation in English or French and any other language. .
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