Seychelles Company

About Seychelles

Seychelles is an independent Republic within the British Commonwealth with a good political stability with a democratically elected Government. The Seychelles economy is primarily based on tourism, commercial fishing and the offshore financial services industry.
Its success has been enabled through the Seychelles striking the right balance between sound regulatory practices and pleasing the market.

General Information

  • Official Language: English, French and Creole
  • Legal System: Governed by civil law except for the corporate legislation and criminal law which are based on English common law
  • Currency: Seychelles rupee (approx. USD 1 : SCR 8)
  • Time Zone: GMT +4

Features and Benefits

  • The principal corporate legislation governing IBCs is the International Business Companies Act (IBC Act) 1994;
  • Exempt from exchange controls;
  • Privacy and asset protection; and
  • Ease of administration.
Setup Requirement
Set up a Seychelles Company is fast and easy. There are no restrictions on nationality of Shareholders or Directors.

Company Name

  • English name; or
  • Both English and Chinese name

Shareholder(s) and Director(s)

  • No nationality restriction;
  • Minimum one shareholder and one director;
  • Corporate shareholder and director is acceptable; and
  • A copy of passport and residential address proof are required for company registration.

Company Secretary and Registered Address

  • A registered address is required in Seychelles;
  • A correspondence address is required; and
  • Client should maintain an alternative address for operation; and
  • Company secretary is not required under Seychelles jurisdiction

Capital Requirement

  • Minimum paid up share capital required is USD 1; and
  • Standard authorized capital is USD 1 million divided into 1,000,000 shares
Key Corporate Features
Below is an overview of key corporate features of Seychelles Company. ATRIX strongly recommends that applicable professional advice be taken prior to purchasing a company or establishing any corporate structure.

General Information

British Based Legal System Yes
Type of Company IBC
Business Act / Ordinance International Business Companies Act
Migration of Domicile Permitted Yes

Registration Requirements

Authorised / Paid-up Share Capital USD 1,000,000 (standard)
Minimum No. of Shareholder(s) 1
Minimum No. of Individual Director(s) 1
Corporate Directors Permitted Yes
Local Registered Office/Address Yes
Company Secretary Required No

Disclosure

Public Disclosure of UBO No
Government Filing - Shareholders Optional
Government Filing - Directors Yes

Annual Requirements

Annual Return / Declaration No

Days for Completion (Estimated)

English Name 7
English and Chinese Name 7
Compare Jurisdictions
Download our Comparison Chart of the various jurisdictions.
Seychelles Company Annual Renewal
Atrix will send reminder to clients and help to arrange the renewal matter.

Renew fee including:

  • For standard authorised capital USD 1,000,000
  • Annual HK Correspondence Address Parking
Penalty of Late Renewal
Atrix will send reminder to clients and help to arrange the renewal matter.
Company anniversary date between License renewal due date Atrix Reminder
January to March November - 15th October - 1st
April to June February - 15th January - 1st
July to September May - 15th April - 1st
October to December August - 15th July - 1st

Penalty example

Company anniversary date between Payment date Penalty
January
to March
November - 16th
to February - 15th
February - 16th
to December - 14th
After January - 1st
USD 10
USD 55
company struck off
April
to June
February - 16th
to May - 15th
May - 16th
to December - 14th
After January - 1st
USD 10
USD 55
company struck off
July
to September
May - 16th
to August - 15th
August - 16th
to December - 14th
After January - 1st
USD 10
USD 55
company struck off
October
to December
August - 16th
to November - 15th
November - 16th
to December - 14th
After January - 1st
USD 10
USD 55
company struck off
* Fees may vary and will be subject to the final decision of the registered overseas agent.
Accounting records requirements
The Seychelles Government has enacted new legislation, in its ongoing efforts to ensure the jurisdiction meets the requirements of international regulatory standards.
IBCs are now required to ensure that their underlying accounting records are maintained at their registered office in the Seychelles, including historical records going back 7 years prior to 31 December 2021; i.e. all accounting records from 1 January 2015. These records are now required to be sent to the Seychelles registered office by the deadline of 6 February 2022.
For more information of Seychelles Company accounting records requirements, please contact us by e-mail to info@atrixbiz.com.
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