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International Business Companies

Seychelles International Business Companies (IBC) are useful alternatives to offshore companies established in jurisdictions such as the British Virgin Islands.

Seychelles International Business Companies are regulated by Seychelles' International Business Companies Act, 1994.

IBC is the most common type of company incorporated in Seychelles. Currently there are more than 175,000 IBCs registered.

Key Features

General
Type of entity IBC
Type of law Hybrid
Shelf company availability Yes
Our time to establish a new company 1 day
Government fees (excluding taxation) US$100 irrespective of Share Capital
Taxation on foreign income Nil
Double taxation treaty access No
Disclosure of Beneficial Ownership to Government Authorities No
Change of Domicile permitted Yes
Registered Office In Seychelles
Share capital or equivalent
Standard currency US$
Permitted currencies Any
Minimum paid up US$ 1.00
Bearer Shares Not Allowed
Directors
Minimum number One
Corporate Director Allowed
Local required No
Publicly accessible records No
Location of meetings Anywhere
Company Secretary
Required No
Local or qualified No
Annual Accounts, Audit, Return
Requirement to keep accounting record Yes
Audit requirements No
Requirement to file accounts No
Publicly accessible accounts No
Requirement to file annual return Yes
Restriction on business
IBC can not
  • Carry on business in Seychelles.
  • Own any interest in immovable property situated in Seychelles, or a lease of immovable property situated in Seychelles.
  • Carry on banking as defined in the Financial Institution Act, 1984 or trust business.
  • Carry on business as an insurance or a re-insurance company.
  • Carry on the business of providing the Registered Office for companies.

Step 1 - Approve the name

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

Restrictions

Anything identical or similar to a company already incorporated. Anything that implies patronage of the Seychelles, or any other government, insurance, royal, imperial or any other name that may imply that a company intends to undertake a licensable or undesirable activity. Prohibited words include, for example “Bank”, “Building Society”, “Imperial”. The Registrar also has discretion to reject names that are indecent, offensive or misleading.

Mandatory words

Click here to view full list of allowed mandatory words.

Language of the name

The name of a company may be expressed in any language, but where the name is not in English or French, a translation and transliteration of the name in English or French shall be given to the Registrar.

Step 2 – State corporate features of your future company

You can either fill in the Instruction form or simply send us the below details:

Authorised Capital

Share capital may consist of shares with a nominal or par value. A statement to that effect needs to be included in the Memorandum of Association and in the Articles of Association. Registration fee is irrespective of the amount of share capital; there is no limitation of the capital. Our standard Memorandum of Association provides that the authorised capital will consist of US$ 100,000 divided into 100,000 shares with a par value of US$ 1.00 each or no par value. The directors are duly empowered to issue registered shares. Should a client prefer, it can be stated in the Memorandum of Association that shares are of no par value.

Special Clauses

Unless there is a particular reason for requesting that an additional or special clause be included or a particular clause deleted, or that any other amendment be made, it is suggested that our existing standard Memorandum of Association and Articles of Association be used.

Directors

Provide us with Directors' details. The minimum number of directors is one, who may be a natural person or a body corporate. They may be of any nationality and need not be residents of Seychelles. The directors’ names will never appear on any public document.

Shareholders

Provide us with Shareholders' details. The minimum number of shareholders is one, who may be a natural person or a corporate body. They may be of any nationality and need not be residents of Seychelles. The shareholders’ names will never appear on any public document.

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

The documents of incorporation are the Memorandum of Association and the Articles of Association which we execute and submit for registration to the Registrar.

The documents of incorporation are checked by the Registrar. Upon approval a Certificate of Incorporation is issued within 2-3 hours as of the time the documents are lodged with the Registrar.

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

  • Certificate of Incorporation
  • Memorandum of Association
  • Articles of Association
  • Resolution of Subscribers appointing first director
  • Share certificates
  • Draft of first Resolution of Directors

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

Incorporation costs (1st year)

Incorporation Government fee

$100

Incorporation Registered Agent/Office fee

$500

TOTAL (1st year)

$600

 

Annual costs

Annual Government Fee (payable on each anniversary of the registration of your company)

$100

Registered Office Annual fee

$400

TOTAL per annum from 2nd year

$500

 

Others

1. Apostille

$100

2. Power of attorney (APOLLO provides the nominee)

$100

3.Notarial Attestation of Signature (Authentication)

$80

4.Notarial Attestation (true copy, documents)

$40

5.Tax Division Letter

$200

6.Keeping Registers, annually

$100

7.Corporate director(including General Power of Attorney)

$350

8.Nominee Corporate shareholder

$350

9.Individual director (including General Power of Attorney)

$500

10.Nominee Individual shareholder

$500

11.Issuing of share certificate

$10

12.DHL courier dispatch service

$100

13.Preparation of minutes of meetings or resolutions (per page)

$25

14.Signing documents by Nominee, per document

$20

15.Certificate of good standing

$100

16.Certificate of Incumbency

$100

17.Changing Company Name

$200

18.Company Search

$150

 

* Please note that prices are reduced and are negotiable for professional clients seeking volume purchasing.
Contact the Seychelles head office for further details.

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