Seychelles

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General Information:
The Seychelles is a group of 115 small islands located at the centre of the Indian Ocean with a population of approximately 80,000. The legislative side of Government is headed by a National Assembly of directly elected Members. The Seychelles is an independent republic within the British Commonwealth.

Currency:
Seychelles Rupee

Language:
The official languages are English, French and Creole. English is the main language of business.

Characteristics of Seychelles IBC

Type of Company:
International Business Company (IBC)

Taxation:
IBC are not subject to taxation within the Seychelles

Annual Franchise Tax:
$100 for authorised capital of $ 5000.00
$300 for authorised capital over $5000 up to $ 50000.00
$1000 for authorised capital over $50000.00

Directors:
Corporation or physical person of any nationality may act as directors. Minimum of one (1) director.

Shareholders:
Minimum one (1).

Registered Agent/Office:
The IBC must have a registered office and an agent who is a resident in the Seychelles.

Annual Reporting:
There is no requirement to file accounts or submit an annual return.

Confidentiality:
The details of the shareholders and directors are not required to be kept on public record, but a register of directors and members must be kept.

Double Tax Treaty Network:
There are a few Double Taxation Agreements, but they have no impact on IBC companies.

Trading Restriction:
Companies cannot trade within the Seychelles or own real estate there. Trading cannot be associated with banking, insurance, assurance, fund or asset management industries.

Name:
All companies names must end in the words: Limited Corporation, Incorporated, Societe Anonyme. mnb

Disclosure of Beneficial Owner:
No

Tax on Offshore Profits:
No

Bearer shares allowed:
Yes

Corporate Directors Permitted:
Yes

Company Secretary Required:
No

Local Directors:
No