With the enactment of the International Business Companies Act by the Seychelles government, companies can be incorporated quickly for the purpose of conducting offshore business. These companies have the following characteristics;

 
Exchange controls
No exchange controls exist for International Business Companies.

Type of law
The Seychelles legal system is based on English Common Law, French Civil law and Customary Law.

License fees
The government license fees are payable on the anniversary of incorporation annually. Under the International Business Companies Act 1994, the license fees are fixed for life. This means that even if the annual fees are increased in the future, a company incorporated before such an increase came into effect will not be affected adversely. A company incorporated with an authorized Share Capital of:

 

 

 

 

Directors
The minimum number of directors required is one who may be natural persons or body corporate. They need not be residents in the Seychelles and may be of any nationality. There is no need to disclose particulars of the director(s) to the authorities.

Secretary
An IBC registered in the Seychelles need not appoint a company secretary although it is standard practice to do so.

Shareholders
A minimum of one shareholder is required. No details of the shareholder appear on the public records.

Classes of shares permitted
1.      Registered Shares
2.      Bearer Shares
3.      Shares of no par value
4.      Preference Shares
5.      Redeemable Shares
6.      Shares with or without voting rights
 
Authorized share capital
There is no minimum share capital required however; Seychelles IBC's are normally incorporated with an authorized share capital of US$5,000. This being the maximum share capital for the minimum capital duty payable and minimum annual license fee at the time of incorporation. The authorized share capital may be expressed in any currency.
 
Registered office
A registered office must be maintained in the Seychelles, at the office of a licensed management company.

Registered agent
It is compulsory for a Registered Agent to be appointed who is licensed by the Seychelles Government Authorities to perform this service.

Financial reporting
It is not required under the Act regarding Seychelles IBC's to file financial statements.

Disclosure of beneficial owner
There is no requirement to disclose to the Authorities, either prior or subsequently to incorporation, the identity of the Beneficial Owner.

Taxation
An IBC is exempt from any taxes of any nature in the Seychelles.

NAME RESTRICTIONS
No company shall be incorporated under the International Business Companies Act 1994 under a name that: -
a)Is identical or similar to an existing company incorporated under this Act;
b)Is offensive or, in the opinion of the Registrar is otherwise objectionable or misleading;
c)Contains the words, "Assurance", "Bank", "Building Society", "Chamber of Commerce", "Chartered, "Cooperative", "Imperial", "Insurance", "Municipal", "Trust", "Foundation", or a word conveying a similar meaning, or any other word that, in the opinion of the Registrar, suggests or is calculated to suggest the patronage of or any connection with Seychelles or the Government of Seychelles or with any other country or the Government of that country.

Suffixes to denote limited liability
The word "Limited", "Corporation", "Incorporated", "Societe Anonyme" or "Sociedad Anonima", "Public Limited Company", "Societe", "a Responsabilite Limitee", "Berhad","Proprietary", "Namloze Venootschap", "Besloten Venootschap", "Aktiengesellschaft" or "Limited Life Company" or the abbreviation "Ltd.", "Corp", "Inc.", "S.A". "PLC", "S.A.R.L", "Bhd", "Pty", "NV", "BV", "A.G." or "LLC" shall be the last word of the name of every company incorporated under this Act, provided that a company incorporated under the laws of a jurisdiction outside Seychelles and continued as a company incorporated under this Act may use the name designated in the Articles of continuation.
 
Trading restrictions
An International Business Company is not permitted to;
Trade within the Seychelles
Own real estate in the Seychelles
Provide registered office facilities in the Seychelles
Sell it's shares to the public
Undertake business as an Insurance or reinsurance Company
Carry on banking or a trust business
 
Time scale to incorporate
Subject to name approval and the Memorandum & Articles of Association of the Company being presented to the Registrar and they comply with the law, a certificate of incorporation may be issued on the same day.
Shelf companies are also available.
  

The Consulate of the Republic of Seychelles is able to offer professional advice and provide a complete and low cost service for the incorporation of Offshore Companies in the Seychelles.
 
Potential Clients wishing to utilize the many advantageous and attractive features that are inherited with the registration of an IBC company are invited to contact our office for further information.

Up to $5,000	US$	100
Between $5,001 and $50,000	US$	300
Over $50,000	US$	1,000
Less than $50.000 and some or all of it's shares have no par value	US$	350