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Companies Special License

A CSL is a Seychelles domestic company (under the Companies Act 1972), which enjoys various fiscal concessions by virtue of being granted a special licence under the Companies (Special Licence) Act 2003.

The CSL is liable to Seychelles corporation tax, levied under the Business Tax Act at the rate of 1.5% on its worldwide income, and therefore is eligible for residency if certain conditions are met.

A CSL will enjoy this low rate of tax for a period of ten years from the date of incorporation, and thereafter unless a written law in the future provides otherwise.

The "tax resident" CSL (unlike the tax exempt IBC) may access Seychelles' steadily expanding network of Double Taxation Avoidance Agreements.

Key Features

The rate of the tax payable by a company in respect of its taxable income is 1.5%.

The rates of withholding tax are the following:

  • dividend paid to a resident – nil
  • dividend paid to a non-resident – nil
  • interest paid to a resident – nil
  • interest paid to a non-resident – nil
  • royalty paid to a non-resident for the right to use a copyright, patent, trademark, design, model, plan – nil
  • royalty paid to a non-resident for the right to use a secret formula, process or know-how whether technical, managerial or otherwise, other intellectual property or right – nil
  • royalty paid to a non-resident for the right to use an industrial, commercial or scientific equipment – nil
General
Type of entity: CSL
Type of law: Hybrid
Shelf company availability: No
Our time to establish a new company: 2 weeks
Government application fees (excluding taxation): US$200
Government Incorporation Fees US$1,000
Corporate taxation: 1.5% on Worldwide Income
Double taxation treaty access: Yes
Registered office In Seychelles
Share capital or equivalent
Standard currency: US$
Permitted currencies: Any except Rs
Minimum paid up: 10% of the Authorised capital
Directors
Minimum number: Two
Local required: No, but advisable
Publicly accessible records: Yes
Location of meetings: Anywhere
Corporate Director No
Members
Minimum number: Two
Publicly accessible records: No
Location of meetings: Anywhere
Company Secretary
Required: Yes, must be Seychelles Corporate Service Provider
Local or qualified: Local
Accounts
Requirement to prepare: Yes
Audit requirements: Not applicable
Requirement to file accounts: Yes
Publicly accessible accounts: No
Other
Requirement to file annual return: Yes, but not public
Allowed and expected activities
  • A holding company
  • A marketing company
  • Company holding intellectual property
  • A headquarters company
  • A human resources company
  • A franchise company Business under an ITZ licence
  • Any other business approved by FSA

Step 1 – Approval of company name

Name reservation is a fairly quick process. Approval is given almost immediately.

It is mandatory to have a suffix which denotes limited liability of the members, i.e. “Limited”

Step 2 – State corporate features of your future company

Please fill in Application Form. Provide description of business activities of the company.

We draft Memorandum and Articles for your CSL as well as other statutory documents to be signed by Directors and Shareholders and send them to you for execution.

Once all the forms are completed you simply courier them to us along with 4 originals of M&AA and other original documents.

Languages of Incorporation are French and English. If documents are made in any other languages then translation into English or French must be provided. Documentation will be normally in English.

Step 3 – We register your company with the features of your choice

We register the company with the Registrar of Companies through FSA. Upon the registration a Certificate of Incorporation is issued.

The documents which will be included in corporate kit are as follows:

  • Certificate of Incorporation
  • Memorandum of Association
  • Articles of Association
  • Drafts of Minutes of First Meeting of Shareholders
  • Drafts of Minutes of First Meeting of Directors
  • Share certificates
  • Register of Directors
  • Register of Shareholders
  • Notice of Registered Office

Once the documents are ready the order is dispatched to you immediately by courier.

Incorporation costs (1st year)

Incorporation fee

$500

Corporate Secretary, Registered Agent fees

$500

Incorporation Government Fees

$200+5%Tax

License

$1000+15%Tax

TOTAL (1st year)

$2360

 

Annual costs

Annual fee including Corporate Secretary, Registered Agent fees

$500

Filing of Annual Returns

$500

Annual Government Fees

$200+5%

Annual License Fee

$1000+7.5%

TOTAL per annum from 2nd year

$2285

 

Others

1. Apostille

$100

2.Director (including General Power of Attorney)

$500

3.Additional Power of attorney

$100

4.Nominee shareholder

$300

5.Tax Status Confirmation

$250

6.Tax Status Confirmation under Apostille

$350

7.Issuing share certificate

$10

8.Company Seal

$100

9.Certificate of good standing

$150

10.Change of Company Name

$200

11.Change of Directors

$100

12.Share Transfer

$100

13.Courier dispatch service

$100

 

N.B.: Any other work to be performed by the directors, nominee shareholders, secretary or the corporate service provider will be charged on an hourly rate depending on the complexity and value of the work.

Seychelles business FAQ

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  • What a Seychelles IBC cannot do?
    1. It may not carry on business in Seychelles.
    2. It may not own real estate in Seychelles.
    3. It may not do banking, insurance and registered agent business without special license.
  • What are the guarantees of strict confidentiality in the Seychelles?
    We understand and respect our clients’ confidentiality requirements. Seychelles IBC in this respect is an ideally apt solution.

    The only documents of your company that are being kept on public record are the Certificate of Incorporation, Memorandum of Association and the Articles of Association, thus providing the confidentiality of an outstandingly high standard.

    Moreover, the information regarding directors, shareholders, beneficial owners, addresses, etc are kept in the Registered office, under no circumstance will be revealed, unless your company is involved in illegal activities and there was an order from the Court to disclose the information.

  • What are the appropriate endings for different types of companies?
    The name of a limited company shall end with a word or abbreviation denoting a corporate body or limited liability. The most popular name-endings include any of words like "Limited", "Corporation" or "Incorporated"; the words "Societe Anonyme" or "Sociedad Anonima"; the abbreviation "Ltd", "Corp", "Inc", "GmbH", "AG" or "S.A."; or several other word or words, or abbreviations thereof.
  • How long does it take to register a Seychelles IBC?
    Seychelles has one of the fastest Registries of International Business Companies in the world. New IBCs are usually incorporated within 24 hours.
  • What can a Seychelles IBC Do?
    Your IBC can act in many ways, for example it can:
    • Open a bank account, make deposits and transact globally.
    • Manage offshore investments such as term deposits, bonds, stocks, mutual funds, etc.
    • Provide consulting, management, or professional services
    • Own a Corporate credit card, and allow you to cover your legitimate expenses using it.
Full FAQ