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, 2016.

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

Key Features

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$140 irrespective of Share Capital
Taxation on foreign income Nil
Double taxation treaty access No
Disclosure of Beneficial Ownership to Government Authorities No
Change of Domicile permitted Yes
Registered Office In Seychelles
Share capital or equivalent
Standard currency US$
Permitted currencies Any
Minimum paid up US$ 1.00
Bearer Shares Not Allowed
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
Restriction on business
IBC can not
  • 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.


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.


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.


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.

Minimum cost to register an off-shore company (1st year)

Incorporation Fee (payable to Seychelles government)


Setting Up an IBC $100

Registered Agent, Registered Office


Compliance Fee $240

TOTAL (1st year)



Minimum annual cost to maintain an off-shore company

Annual fee (payable to Seychelles government on each anniversary of the registration of your company)


Registered Agent and Registered Office fees


Compliance Fee

General Consulting, up to 1 hour $220
Keeping Accounting Records , non-dormant company, annually $70

TOTAL per annum from 2nd year



Other services

Amendment of Memorandum or Articles (Extract), after 30 days


Amendment of Memorandum or Articles (Extract), within 30 days




Assessment of IBC’s tax position against Seychelles taxes

From $600

Certificate of good standing


Certificate of Incumbency


Certification by Ministry of Foreign Affairs


Certified True Copy of statutory documents, by Agent


Changing Company Name


Company Search Certificate


Compliance Revision Fee for closure of file


Compliance Revision Fee, PEP case


Continuation in Seychelles $1000

Corporate director (including Power of Attorney with Apostile)


CV for nominee


Deposit for filling of Register of Directors (for IBCs with Director services)




DHL courier dispatch service


Discontinuation from Seychelles




Drafting documents (resolutions, minutes, letters)


Drafting Agreements, Contracts, Deeds, etc


Filing Beneficial Ownership Information


Filling of Register of Directors


General consulting on Seychelles legislative requirements


Individual director (including Power of Attorney with apostile)


Issuing of share certificate


Keeping accounting records, annually


Legal opinion

On request 

Legalization in Chinese Embassy


Legalization in Russian Embassy


Legalization UAE Consulate in Seychelles


Liquidator services (for Nil balances)


Liquidator (Distribution of Assets)


Local courier



From $2,500

Name Approval, more than 30 days


Nominee Corporate shareholder


Nominee Individual shareholder


Notarial Attestation of Signature (Authentication)


Original utility Bill of nominee


Police clearance certificate for nominee


Power of attorney (APOLLO provides the Director services), additional


Preparation of company file for handover (statutory and accounting records)


Redemption of shares documents

From $700

Registered Mail


Registration of Charge RA Fee

From $1,000
Registration of Charge Legal Fee From $1,100

Restated Memorandum or Articles


Revision Fee

From $50

Revision of Accounting Records compliance (bi-annual basis), APOLLO provides the Directorship services), Holding companies


Revision of Accounting Records compliance (bi-annual basis), APOLLO provides the Directorship services), Non-Holding companies

Min $450 for first hour,
and thereafter $150/hour

Revision of CbC Reporting obligations


Selfie verification of Director


Signing documents by Director


Tax Certificate from SRC


TIN De-registration Deposit


TIN Registration



From $100

True Copy Articles, by Registrar


True Copy of COI, by Registrar


True Copy of Memorandum, by Registrar


Video verification of Director



* 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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