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Seychelles Offshore Company Formation

Situated in the Indian Ocean. Discovered by Vasco de Gama in 1502 and became British Sovereignty in 1814 and a Crown Colony in 1903. Granted independence from Britain 29th June 1976. Now has a stable government under which tourism flourishes and crime is negligible. 46% of the total land area is designated as nature reserve or park.

Country: Seychelles
Population: 80,000
Capital: Victoria
Language: English speaking Creole and French

Seychelles Offshore Company Formation £1150.00 + Vat
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Services Included Year 1 Year 2 onwards
Incorporation N/A
Corporate Structuring N/A
Corporate Domicile £750
Government Fee US$150
Accounting Data Address Optional Extra
Director & Nominee Service Optional Extra Optional Extra
Estimated renewal costs in year two: £875.00

Details of Limited Company (International Business Company – IBC):

  • Permitted to have only one subscriber and thereafter only one shareholder.
  • Permitted to have only one director.
  • Director can be corporate or individual and need not be a local resident.
  • Director and shareholder can be the same person or the same corporate entity.
  • Requirement for company secretary.
  • Meetings of directors or shareholders may be held in any country.
  • No requirement to file any information on directors and shareholders.
  • No public disclosure of directors or shareholders.
  • No requirement for an audit.
  • No requirement to file annual returns.
  • Accounts are not required to be filed with government authorities but must be prepared and maintained privately.
  • Annual government licence fee of $100 on authorised capital up to $5000.
  • Total exemption from all forms of local taxation unless an income is derived in the Seychelles.
  • No international agreements on dual taxation.

Please note that information given on this page is subject to change at any time without notice as a consequence of changes made in local legislation.

Banks

A member of the banking team will be able to advise on the most suitable offshore bank account.

Turner Little and its affiliates do not provide tax, legal or accounting advice. Material on this page has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.