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.
Jurisdictions we offer:
