Seychelles company registration

DOING BUSINESS IN SEYCHELLES

Since 2003, Healy Consultants Group PLC has been efficiently and effectively assisting our Clients with i) Seychelles business registration ii) business licensing iii) Seychelles business banking solutions iv) visa options and staff recruitment strategies and v) workspace rental solutions.

SummaryOffshore companyFast solutionSeychelles ITZSpecial license companyLimited liability companyBranch office
Also known asInternational Business CompanyFast solutionInternational trade zoneCSLProprietary companyBranch office
Best use of company?International tradingClose a deal nowManufacturing and tradingDTAA accessTrading with local customersSpecific projects
How soon can you invoice Clients/sign sales contracts?3 weeks1 week6 weeks6 weeks6 weeks6 weeks
How soon can you hire staff?3 weeks1 week6 weeks6 weeks6 weeks6 weeks
How soon can you sign a lease agreement?ImmediatelyImmediatelyImmediatelyImmediatelyImmediatelyImmediately
How long to supply corporate bank account numbers?7 weeks3 weeks10 weeks10 weeks10 weeks10 weeks
How long to supply company registration/tax numbers?3 weeks1 week6 weeks6 weeks6 weeks6 weeks
Corporate tax rate on annual net profits?0%0%0%1.5%Up to 33%Up to 33%
Limited liability entity?YesYesYesYesYesNo
Resident director/partner/manager/legal representative required?NoNoNoNoYesYes
Minimum paid up share capital?US$1US$1US$1US$1US$1None
Corporate bank account location?BarclaysNouvobankBank of CeylonBank of BarodaHabib BankNouvobank
VAT payable on sales to local customers?No local sales allowedNo local sales allowed15%15%15%15%
Average total business set up engagement costs?US$6,365TBDUS$18,850US$7,950US$7,900US$11,250
Average total engagement period?10 weeks6 weeks13 weeks13 weeks13 weeks13 weeks

See full table

Accounting and tax considerationsOffshore companyFast solutionSeychelles ITZSpecial license companyLimited liability companyBranch office
Statutory corporate tax payable?0%0%0%1.5%Up to 33%Up to 33%
Legally tax exempt if properly structured?YesYesYesNoNoNo
Must file an annual tax return?NoNoYesYesYesYes
Must file annual financial statements?NoNoYesYesYesYes
Must appoint an auditor?NoNoYesYesYesYes
Access to double taxation treaties?NoNoYesYes, with local directorYesYes
Withholding tax on payments to foreign shareholders?0%0%0%0%15%15%
Company RegistrationOffshore companyFast solutionSeychelles ITZSpecial license companyLimited liability companyBranch office
Resident director/partner/manager/legal representative required?NoNoNoNoYesYes
Minimum number of shareholders/partners?11222Parent company
Maximum shareholding for foreigners?100%100%100%100%100%100%
Minimum statutory paid up share capital?US$1US$1US$1US$1US$1None
Recommended paid up capital?US$1US$1US$100,000US$1US$1None
Shelf companies available?YesYesNoYesYesNo
Time to incorporate a new entity?3 weeks1 week6 weeks6 weeks6 weeks6 weeks
Can easily convert to a PLC?NoNoYesYesYesNo
Public register of shareholders and directors?NoNoYesNoYesYes
Can have preference shareholders?YesYesYesYesYesNo
Business ConsiderationsOffshore companyFast solutionSeychelles ITZSpecial license companyLimited liability companyBranch office
Good entity for trademark registration?NoNoYesYesYesYes
Can secure an import and export license?NoNoYesYesYesYes
Government grants available?NoNoYesYesYesYes
Can bid for Government contracts?NoNoYesYesYesYes
Can secure trade finance?NoNoYesYesYesYes
The entity will likely be regulated by?Seychelles Financial Services Authority Seychelles Financial Services Authority Seychelles Financial Services Authority Seychelles Financial Services Authority Seychelles Business RegisterSeychelles Business Register
Expatriate to local staff ratio?No local staff allowedNo local staff allowedClick linkClick linkClick linkClick link

Sponsorship by a local citizen required?No
Our Client needs to travel to Seychelles for business set up?No
Temporary physical office solutions available?Yes
You need a local resident as bank signatory?No
Can be wholly foreign owned?Yes
Government approval required for foreign owners?No
Security deposit to be kept with Government?No
Minimum number of directors/managers?1
Monthly VAT reporting to the Government?Yes
Must sign an office lease agreement during incorporation?Yes
Group HQ tax incentives?No
Shareholders & directors documents to be attested/translated?Yes
Each foreign director needs a personal income tax number?No
Foreign director needs a residence visa?No
Maximum number of staff allowed?No maximum number for any entity
Can secure residence visa for business owner?Yes
Other useful information
What will be included in my customer sales invoice?Click link
This country has signed free trade agreements?Yes
This country is a member of WIPO/TRIPS?Yes
This country is a member of the ICSID?Yes
Average custom duties suffered?2.82%
Government foreign investment approval required?No
Average monthly office rental? (US$ per sq m)15
Minimum statutory monthly salary?297
Average monthly US$ salary for local skilled employees?838
US$ deposit interest rate? (1 year average)3.05
Overseas remittance currency controls?None
Banking considerations
Multi-currency bank accounts available?Yes
Corporate visa debit cards available?Yes
Quality of e-banking platform?Good
Crowd funding available in this country?Yes

Main documents required

  • Copy of passport of all shareholders and directors;
  • Proof of residential address for the company
  • M&AA, certificate of incorporation, printout or latest annual return and financial statements (if any) of corporate shareholders;
  • Documents required for our due diligence checks

Steps to register your company in Seychelles

  1. Healy Consultants reserves the preferred company name with the Seychelles Companies Registrar;
  2. Our Firm appoints our local affiliate as the registered agent of our Client’s Seychelles company;
  3. Our Firm emails pre-filled incorporation and consent forms, to be signed and returned by our Client to our office;
  4. We then register the Seychelles IBC company with the Seychelles Financial Services Authority and secure a certificate of incorporation;
  5. Our Firm assists our Client to open a corporate bank account in the Seychelles or overseas, according to his preferences;
  6. When our Client plans to operate in regulated industries, we obtain operating licenses from the relevant licensing authority.

For a more detailed guide to registering your company, please visit our complete steps to incorporate in Seychelles.

Best uses for a Seychelles company

  1. A Seychelles offshore company is a confidential business vehicle, because:
    • There is no public register of shareholders and directors maintained in Seychelles for Seychelles offshore business entities;
    • IBC companies registered in the Seychelles are not required to file annual financial statements;
    • Seychelles has signed less than 21 tax information exchange treaties;
    • The Archipelago’s bank secrecy regulations are ranked as the 2nd most protective in the world after Samoa, according to the Tax Justice Network.

Tell us what you need - we’ll send you a customised proposal in 5 hours!

Company registration

  • Time to incorporate: Two weeks
  • Cost to set up: US$6,365
  • Minimum capital: US$1
  • Physical office required: Yes

Required appointments

  • Shareholders: 1
  • Directors: 1
  • Company secretary: Yes
  • Resident director: No

Key facts

  • Corporate tax rate: 0%
  • Corporate tax base: Territorial
  • Shelf companies: Unavailable
  • Main company type: IBC

Frequently asked questions

Contact us

For additional information on our business registration services in Seychelles, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Ms. Karen Lee, directly:
client relationship officer - Karen
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