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
|
|
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.
