SEYCHELLES COMPANY FORMATION SERVICES : expand your global business in a credible international financial centre

Where is Seychelles located and what is it known for?

Seychelles is a sovereign island nation located in the Indian Ocean near the southeastern coast of the African continent.

Seychelles is an attractive destination for foreign businesses looking to setup:

1. Tax efficient (zero tax / low tax) international businesses.
2. Businesses in financial services, sustainable tourism and renewable energy solutions.
3. Asset protection & wealth management structures.

Why Seychelles is an attractive jurisdiction for foreign business setup?

1. Socially and politically stable jurisdiction.
2. Provides strong privacy & asset protection.
3. Favourable taxation for international and domestic companies.
4. Diversified financial services sector.
5. Robust, flexible and modern company legislation.
6. Availability of professional and multi-lingual workforce.

What Seychelles corporate services are offered by Healy Consultants Group?*

1. Seychelles International Company (IBC) formation, Seychelles Company Special License (CSL) formation, Seychelles Limited Partnership formation and Seychelles Protected Cell Company formation services.
2. Seychelles company special license services. E.g. Seychelles Securities Dealers License (SDL), Seychelles International Free Trade Zone License (ITZ).
3. Seychelles International Trusts & Foundations formation services.
4. Seychelles Corporate Bank Account opening services.
5. Seychelles Company Secretary, Resident Directors, Nominee Shareholder services.
6. Seychelles Company Registered Office services.
7. Seychelles Company Management services: This includes services to fulfill the legal, accounting, tax filing, auditing and annual obligations of Seychelles companies.

Why choose Healy Consultants for Seychelles company formation?

• We provide full range, customized Seychelles corporate services.
• We have been setting up Seychelles businesses since 2003.
• Our corporate services team possess the knowledge & experience to handle Seychelles company formation engagements of all complexities.
• Maximum effort to obtain corporate bank accounts.
• Value based & transparent pricing with no surprises.
• Engagement completion on the agreed timeline with weekly progress updates.
• Availability of the project manager and representatives via major communication channels.

Contact us today to explore how we can support your business.

Table of contents

Advantages and disadvantages of Seychelles companies

Advantages of Seychelles companies

1. Seychelles is a member of the Asia-Africa growth corridor
2. A Seychelles offshore company (IBC) is attractive as:
   • The entity is exempt from all taxes on income derived outside of the Seychelles.
   • No annual statutory reporting is required. Therefore, the annual running costs are low.
   • Company incorporation may be completed within a week.
   • Corporate directors are allowed.
   • Details of shareholders and beneficial owners are not subject to public disclosure.
   • Foreign owners have complete control over the company.
3. A Seychelles company special license (CSL) is attractive because:
   • The Seychelles CSL entity is an attractive vehicle to hold African subsidiaries.
   • It is a tax resident entity with access to double taxation treaties with 28 countries including China, South Africa and Indonesia.
   • Within three months a securities brokerage license can be obtained.
   • Within a month license for an offshore investment advisory business can be obtained.
   • There are no controls on foreign currency repatriation.
   • The Government company registration and licencing fees are low.
   • Profits on worldwide income have a flat tax rate of 1.5%.
   • There is no withholding tax, capital gains tax and stamp duty.
4. A Seychelles International Free Trade Zone (ITZ) licensed company enjoys a tax-free status. It also has access to foreigner work and residency permits.

Disadvantages of Seychelles companies

1. Global banks perceive Seychelles as a tax haven so it difficult to open corporate bank account.
2. According to Transparency International’s 2023 Corruption Perceptions Index, Seychelles scores 71 out of 100 with room for improvement.
3. Manufacturing and logistics firms in Seychelles grapple with resource accessibility and goods transportation to mainland Africa and Asia.

Types of Seychelles company structures

Seychelles International Business Company (IBC)

What is this company?

• Seychelles International Business Company (IBC) is the most popular and simplest entity type for setting up an offshore company in the Seychelles.
• This entity is regulated by the Seychelles FSA under the International Business Companies Act.

Company structure ideal for?

• Seychelles IBCs have wide range of uses. This company structure is primarily used by international businesses for maintaining confidentiality.

Essential regulatory requirements

• Seychelles IBCs can be incorporated only through a licensed local corporate service provider.
• Seychelles IBCs require at least one director and shareholder for the entity. Corporate director is allowed.
• The minimum paid up share capital for Seychelles IBC is US$ 1

Seychelles IBC setup process

Step 1: Confirming the company name and structure. Reserving the company name.

Step 2: Filling the Seychelles IBC application form.

Step 3: Preparing the documents required for the company setup. This includes information documents related to the shareholders, directors, share capital, drafting business plans, cover letter, corporate documents and other relevant records.

Step 4: Paying the application fee and submitting the application to the Seychelles Financial Services authority through the local corporate services provider.

Step 5: Obtaining the company incorporation kit which includes certificate of incorporation and other corporate documents.

Step 6: Registering with Seychelles Revenue Commission to obtain tax identification number.

Step 7: Opening at least two multi-currency corporate bank accounts including a Seychelles corporate bank account and an overseas segregated account.

Step 8: Securing final approval from the FSA to legally conduct business.

Tax and compliance considerations

• No taxation on foreign income derived by the Seychelles IBCs. Domestic business tax of 15% to 25% is applicable for income derived from local operations.
• Seychelles IBCs do not have access to double taxation avoidance agreements of Seychelles.
• Seychelles IBCs are required to keep accounting records in the local registered office.
• The IBCs are not required to annually file accounts and income tax returns if the income derived is from foreign sources.
• A Seychelles IBC can be converted into a Seychelles CSL or Seychelles PCC.
• A Seychelles IBC cannot operate in the banking, insurance, investment, corporate services, fintech and gambling sectors.
• Seychelles IBCs should satisfy the Economic Substance requirements (ESR).

Seychelles CSL (Company Special License)

What is this company?

• A CSL is a domestic company in Seychelles but receives tax concessions under the Seychelles Companies Special Licenses Act.
• It is perceived as an alternative to the Seychelles IBC and as a low tax company formation solution available in Seychelles.

Company structure ideal for?

• Holding company for international subsidiaries.
• Investment services companies.
• Financial and insurance services companies.
• Intellectual property holding companies.
• Franchise companies under the Seychelles ITZ license.
• Marketing companies.
• Human resources companies.
• Headquarters companies.
• International trading companies.

Essential regulatory requirements

• A Seychelles CSL cannot have a Corporate as a director of the company.
• A Seychelles CSL should have a local corporate service provider (CSP) as a company secretary.
• Beneficial owners of the Seychelles CSL should be disclosed to the registrar and local corporate service provider.
• Minimum paid up capital should be at least 10% of the authorized capital.
• Must obtain special licenses from the Seychelles FSA to engage in regulated activities.

Seychelles CSL setup process

Step 1: Confirming the company name and structure. Reserving the company name.

Step 2: Filling the Seychelles CSL application form.

Step 3: Preparing the documents required for the company setup. This includes information documents related to the shareholders, directors, secretaries, auditors and legal counsel, share capital, drafting business plan, cover letter, corporate documents and other relevant records.

Step 4: Preparing the documents required for obtaining special licenses if the entity must do business in regulated activities.

Step 5: Paying the application fee, license fee and submitting the application to the Seychelles Financial Services authority.

Step 6: Obtaining certificate of incorporation and appropriate special license from the Seychelles FSA.

Step 7: Registering with Seychelles Revenue Commission to obtain tax identification number.

Step 8: Opening at least two multi-currency corporate bank accounts including a Seychelles corporate bank account and an overseas segregated account.

Step 9: Securing final approval from the FSA to legally conduct business.

Tax and compliance considerations

• The Seychelles CSL has a flat corporation tax of 1.5% on its worldwide taxable income.
• Access to the Seychelles’ expanding network of double taxation agreements is possible only after obtaining certificate of residence from the Seychelles Revenue Commission.
• A Seychelles CSL holding company can legally minimize withholding tax on profits repatriated from international subsidiaries in Africa, China or Indonesia.
• A Seychelles CSL is exempt from stamp duty on share transfers and capital gains tax.
• All Seychelles CSL should show local economic substance including local management and control. This can be achieved by having a Seychelles resident director and registered office address for the company.
• Bookkeeping should be done by a local accountant. This includes preparing annual accounting records, financial summary and filing annual corporation tax return.
• An existing Seychelles IBC can be converted to a Seychelles CSL.

The Seychelles protected cell company (PCC)

What is this company?

• A Seychelles PCC is a domestic company formed under the Seychelles Protected Cell Companies Act.
• According to the Act, a Seychelles PCC is permitted to segregate its assets into multiple cells identified by a unique name within the company with the purpose of isolating and protecting assets underlying in each cell.

Company structure ideal for?

• Insurance companies
• Mutual funds & hedge funds
• Asset holding and structured finance companies.

Essential regulatory requirements

• Seychelles PCC requires at least two individual directors. Companies cannot be appointed as directors.
• Seychelles PCC requires a company secretary. The licensed international corporate service provider (ICSP) should act as a secretary and is responsible for the management of the company.

Tax and compliance considerations

• A Seychelles PCC does not have to pay corporate tax on income derived from foreign operations.
• Taxation on income earned through domestic operations is applicable at the prevailing domestic business tax rate.
• The protected cell company should conduct annual audit, file annual returns and renew the company registration every year.
• A Seychelles CSL is exempt from stamp duty on share transfers and capital gains tax.
• Seychelles PCCs are exempted from stamp duty on all transactions related to the business.
• Seychelles PCCs are exempted from exchange control Act.
• Various other exemptions and incentives are applicable for Seychelles PCCs depending on respective licensed activities.
• An existing Seychelles IBC can be converted to a Seychelles PCC.

Seychelles Limited Partnership (LP)

What is this company?

• A Seychelles limited partnership is a partnership agreement between multiple parties formed under the Seychelles Limited Partnerships Act.
• This partnership arrangement requires at least one general partner and one or more limited partners.
• The general partners are responsible for managing the venture and have unlimited liability for debts and obligations of the partnership. The limited partners’ liability is bound to their investment amount in the partnership venture.
• A corporate is eligible to be a general partner and a limited partner. A limited partner can also be a foreigner.

Company structure ideal for?

• Private equity fund.
• Joint ventures.
• Investment fund firms.
• Estate planning.

Essential regulatory requirements

• Limited Partnerships should not conduct business inside Seychelles
• Seychelles limited partnership requires a registered agent. A licensed international corporate service provider (ICSP) should act as an agent.
• At least one general partner must be a Seychelles IBC or a Company issued with a special license (CSL).
• Every limited partnership should have a registered office in Seychelles.
• Every limited partnership should include the words “Limited Partnership” or “L.P.” or “LP” in the company name.
• The limited partner in this business should not take part in the conduct of the business.

Tax and compliance considerations

• By 31^st January of every year the general partner in the limited partnership should file returns.
• A limited partnership or a partner is exempted from tax, duty on income or profits derived from the partnership.
• Seychelles limited partnerships are exempted from exchange control Act.
• Equipment imported by the limited partnership for office use is exempted from tax.
• Work permit fee is exempted for the limited partnership and its expat employees.
• Social Security Act is not applicable if limited partnership is an employer employing people in its office.
• All the above exceptions will remain in force for twenty years from the date of partnership registration and shall continue unless stated by the laws otherwise.
• The general partner in this business should maintain proper accounting records and retain them for 7 years from the date of transaction completion.
• The general partner is obliged to share complete and true information on the state of the business and finance conditions with the limited partners if the business is conducted in contrary to the partnership agreement.

Seychelles International Trust

What is this company?

• Seychelles International Trust is an asset protection legal arrangement between the owner of the assets and the administrator of those assets under a deed.
• Seychelles Trust is registered by the FSA under the Trusts Act.

Company structure ideal for?

A Seychelles foreign trust is suitable for any individual / professional who wants to:

• Hold the shares of Seychelles IBC.
• Protect wealth against litigation, regulators, government and tax authorities.
• Manage family and estate.
• Hold will, testament, investments, physical and virtual assets, offshore bank accounts etc.

Essential regulatory requirements

• The trust deed should clearly outline the purpose and terms and conditions of the trust. The deed should also include information about the settlor, trustee and beneficiaries and the assets of the trust.
• The settlor of the Seychelles International Trust cannot be a Seychelles resident. The settler also cannot be the sole beneficiary of the trust.
• A Seychelles trust should not carry out any unlawful or immoral activity.

Tax and compliance considerations

• Seychelles International Trust is exempt from taxation on all income including the income generated by the underlying shares of the Seychelles IBC.
• Seychelles Trust is also exempt from taxation on all assets, capital gains and stamp duties.
• Seychelles Trust cannot hold immovable property in Seychelles as an asset. The Trust also cannot hold securities from any foreign entity including another international trust.
• Seychelles Trust requires special approval from the FSA to hold Seychelles properties, invest in Seychelles securities.
• The trustee of a Seychelles International Trust should hold a valid trustee license issued by the FSA.
• The trustee should keep accurate accounting records on all transactions conducted by the trust on a bi-annual basis for seven years from the date of the transaction.
• The trustee should prepare a financial summary of the trust within six months of the end of a financial year.
• The trustee should keep a trust register containing complete information about all beneficial owners including the trustee, beneficiaries, settlor, protector, and about the enforcer and service providers for the trust.

Comparison of popular Seychelles company types

In-demand Seychelles company special licenses

Seychelles Securities Dealers license (SDL)

What is this license?

• The Seychelles Securities Dealer License (SDL) allows businesses to trade securities either as a principal (proprietary trading) or as an agent (on behalf of its customers), including foreign exchange.
• The SDL is also known as a Seychelles forex license, Seychelles brokerage license.

Company license ideal for?

• The SDL allows businesses to engage in international securities brokerage services, securities investment counselling, investment portfolio management, investment analysis and forecasting.
• “Securities” means equities, derivatives, commodities, metals, currencies, warrants, debt instruments.

Essential regulatory requirements

• Minimum paid-up share capital of US$50,000 to be held in a bank account in the Seychelles.
• A minimum of two directors, including one resident director
• A Seychelles trust should not carry out any unlawful or immoral activity.
• A minimum of two shareholders of any nationality.
• An approved representative office in the Seychelles, which employs a qualified securities dealer representative with an authorised licence under and a local compliance officer (MLRO).
• Securing a professional Indemnity insurance certificate for the licence that is suitable for the company’s scope and nature.
• Prior to launch of operations, setting up physical office premises in the Seychelles and retaining key staff.

The CSL company setup & securities Dealers licensing process

Step 1: Prepare a business plan including corporate structure, transaction flow, third-party vendors, customer base, market information, marketing strategy, financial forecasting.

Step 2: Register a tax resident Seychelles Company Special Licence (CSL) entity

Step 3: Preparing for SDL application. This includes completing various application and questionnaire forms, paying relevant processing fee, latest audited financial statements, proof of funds, proof of office space, individual and company proof documents, business plans, cover letter, AML & CFT compliance manuals etc.

Step 4: Secure regulatory licence approval from the FSA

Step 5: Register the business with the Seychelles Revenue Commission and obtain a tax identification number.

Step 6: Open at least two multi-currency corporate bank accounts including a Seychelles corporate bank account and an overseas segregated account.

Step 7: Securing final approval from the FSA to legally conduct business.

Tax and compliance considerations

• Corporate tax in Seychelles is levied on an SDL company at 1.5% of worldwide income.
• Tax returns must be filed by 31 December in Seychelles, or a 20% per annum penalty will be imposed on the debt.
• The SDL company must have its financial statements audited annually by an auditor according to International Financial Reporting Standards.
• Within four months of the end of each financial year, the licenced security dealer must submit annual financial statements to the FSA.
• The SDL company must comply with the insurance requirement under section 73 of FSA.

Regulatory license exemption

Businesses may be exempted from obtaining a Seychelles securities dealer licence if:

• It is a member of a recognised foreign stock exchange including the Seychelles stock exchange or
• Has a stable financial position and a valid overseas securities licence or other financial services permits.

The Seychelles International Trade Zone (ITZ) license

What is this license?

• The Seychelles ITZ company is licensed and regulated by the FSA. It enables foreign companies to conduct business in tax free zone within Seychelles.

Company license ideal for?

• Seychelles ITZ companies are ideal for manufacturing, processing, light-assembling and exporting goods & services from Seychelles to foreign markets.

Essential regulatory requirements

• Setting up a Special License Company and applying for an appropriate international trade zone license.
• License application requirements include application form, relevant processing fee, proof of funds, employment contracts, business plans, cover letter, individual and company proof documents.
• A minimum level of investment is required depending on license application.
  • Minimum investment for Manufacturing license: US$ 15,000
  • Minimum investment for Processing license: US$ 15,000
  • Minimum investment for Light-assembly license: US$ 5,000
  • Minimum investment for Redistribution license: US$ 5,000
  • Minimum investment for Export Services license: US$ 10,000

Tax and compliance considerations?

• Seychelles ITZ companies are taxed at the business tax rate (15% on the first SCR 1 million, 25% thereafter) if the operations are conducted in Seychelles.
• The Seychelles ITZ licensed company is required to keep records of information related to imports & exports, audited financial statements, bill of entry endorsement and general employment records.
• Seychelles ITZ license needs regular renewal. The validity of licenses will be specified when it is granted.
• ITZ companies are not reporting entities under the AML/CFT Act, so the appointment of a Compliance officer is not required.
• Economic substance requirements should be met annually.

Incentives offered by the Seychelles ITZ

• 100% foreign ownership.
• 0% import duty and 0% VAT for imported goods.
• Allowed to hire foreign workers when the required skills are absent in Seychelles.
• Exemption from work permit fee, stamp duty , immovable property tax.
• With prior approval from the FSA the Seychelles ITZ company can sell their goods and services covered under the license in the domestic market.
• The new ITZ license fee and renewal fee is fixed for the lifetime of the company.

Virtual Asset License

• The Seychelles regulatory is working on a legislative framework to regulate companies dealing with virtual assets license. It is expected to be finalized by early 2024.
• Currently a Seychelles cryptocurrency license can be obtained in the form of a Securities Dealers license under the Securities Act. Applying for the cryptocurrency license in Seychelles for startups includes complying with the Financial Services Authority (FSA) guidelines for digital assets businesses, which include Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) regulations.

Seychelles company legal, accounting & tax considerations

Seychelles company accounting and tax considerations

• For Seychelles offshore companies, income earned outside the Seychelles territory is not subject to taxation.
• Majority of Seychelles entities are legally exempt of capital gains tax and stamp duties on business transactions.
• A company is resident in Seychelles if it is managed and controlled by Seychelles residents. This is important for Seychelles CSL & PCC.
• Seychelles domestic company is taxed at 15% on the first SCR 1 million and 25% thereafter.
• 15% standard rate Value Added Tax (VAT) is levied on the supply & import of goods and services in Seychelles.
• All Seychelles companies are required to maintain a book of accounting records.
• Annual returns filing is required for Seychelles CSL and Seychelles PCC.

Seychelles company legal and compliance considerations

• The Seychelles’ legal system is based on the English common law, French civil law and customary law
• The name of an IBC must end with a word or phrase or the abbreviation thereof which indicates limited liability. Examples are: “Ltd”, “Limited”, “Corp”, “Corporation”, S.A.”, “Societe Anonyme”
• A Seychelles IBC cannot conduct banking and insurance business, fund or trust management business, collective investment schemes business, investment advice business, any other financial or insurance industry-related business.
• A Seychelles International Business Company (IBC) cannot trade within Seychelles or own real estate on the island.
• Seychelles CSL & PCC should only conduct business relevant to the FSA approved special licenses.
• Shares of a Seychelles corporation may be issued at par or no par value, as voting or non-voting and as preferential or common stock.
• All Seychelles entities must comply with the economic substance requirements (ESR). Non-resident Seychelles companies must annually supply tax-resident residence overseas including foreign tax registration numbers and foreign tax returns.
• Seychelles Revenue Commission complies with its international tax and financial obligations through exchange of information upon request (EOIR), peer reviews, Common Reporting Standards (CRS), Country by Country Reporting (CbCr) and Foreign Account Tax Compliance Act (FATCA).
• The following information documents should be kept with the Seychelles company secretary in the legal registered office address:
  • Register of members and directors and shareholders.
  • Beneficial owner register.
  • Bi-annual keeping of accounting records.
  • Economic substance report.

Corporate bank accounts for Seychelles companies

• Establishing a corporate bank account locally for a company in Seychelles is not only convenient but also does not portray a negative impression on the intended use of the Seychelles company.
• All commercial banks in Seychelles are licensed by the FSA and the Central Bank of Seychelles.
• Commercial banks like Absa and Al Salam are large and popular.
• There are no additional regulatory application submission or fees required to open a Seychelles offshore corporate bank account.
• Al Salam bank offers remote bank account opening option , multi-currencies support and Islamic banking solutions to Seychelles companies.
• The significant hurdle lies in how global financial institutions view banking transactions from Seychelles.
• When financial institutions see transactions with Seychelles commercial banks, they will be flagged as high-risk transactions. This will lead to reputation damage for the company, delays in payments and investments.
• It is common for Seychelles banks to close corporate bank accounts without giving an open, transparent reason to their customers.
• The number of commercial banks in Seychelles are limited. The list of commercial banks in Seychelles are Absa Bank, Al Salam Bank, Bank of Baroda, Bank of Ceylon, MCB Seychelles, Nouvobanq and the Seychelles Commercial Bank.
• Services offered by Seychelles banks may not be of global standards but have higher monthly and transaction fees.
• Most Seychelles commercial banks provide telephone support only during local business hours. This may be inconvenient for business owners in Europe or the USA.
• For these reasons, Healy Consultants Group recommends multi-currency corporate bank account for Seychelles companies from major financial services centres such as Singapore, London, and New York.

Steps to open a corporate bank account in Seychelles

Step 1: Choosing between opening a commercial bank in Seychelles or in any other financial centre.

Step 2: Completing the bank application and questionnaires.

Step 3: Preparing support documentation. This includes a company certificates, information about directors and shareholders, share capital certificates and corporate documents.

Step 4: Waiting for the banks to process the application. It takes several weeks for the banks to process an account opening application. Banks will conduct risk & compliance procedure on the application and will also do a company check.

Step 5: Receiving authorised account opening notification from the bank.

Step 6: Enabling internet banking for the new account.

Step 7: Receiving all bank account opening documents to the registered address.

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Seychelles Readymade Companies

Some businesses require a fast Seychelles company setup solution to complete a last-minute business deal. Seychelles readymade companies are useful in such situations.

The Seychelles readymade company comes with an existing local or overseas corporate bank account and is available for immediate purchase.

The procedure to transfer the readymade company is straightforward. The new directors and shareholders only need to sign the official documents that allow the transfer of power and ownership.

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Healy Consultants Group’s fees and timeline to setup Seychelles entities

For complex and time-sensitive business needs, partnering with an international corporate services company for Seychelles business setup becomes essential.

At Healy Consultants we ensure smooth company formation process by partnering with a reputable Seychelles ICSP, saving you time and ensuring timely operations within Seychelles.

Our average Seychelles IBC set up engagement cost is US$10,160. This price includes the standard fees charged by the Seychelles authority.

It requires 4 months to complete a Seychelles IBC setup engagement. This includes the time for IBC incorporation and opening a corporate bank account for the IBC.

Different Seycehlles entity types	Cost	Draft invoice
Seychelles Offshore IBC	US$10,160	View invoice PDF
Seychelles SLC	US$11,100	View invoice PDF
Seychelles Resident LLC	US$7,900	View invoice PDF
Seychelles Branch Office	US$11,250	View invoice PDF
Seychelles ITZ	US$18,850	View invoice PDF
Seychelles Offshore IBC with bitcoin bank account	US$10,365	View invoice PDF
Cryptocurrency company with PSP bank account	US$8,465	View invoice PDF
FX brokerage company	US$44,700	View invoice PDF

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Videos on Seychelles company formation

Video

Setting up a company in Seychelles

Video

Seychelles securities dealer license (SDL)

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Seychelles company setup case studies

Company setup in Seychelles and crypto friendly bank account opening

In August 2020, our Client approached Healy Consultants Group to assist with setting up a Seychelles IBC entity and opening a crypto-friendly bank account.

The Seychelles company setup process took longer than anticipated due to Covid-19 lockdowns in Seychelles, and therefore slower response times from the Seychelles government.

Our Client provided all the due diligence documents required for company registration, signed the engagement letter and paid the first installment of our fees.

Healy Consultants Group prepared and emailed our Client a draft business plan for review, input and email return.

Meanwhile, we also submitted all documents to our Seychelles affiliate to begin the incorporation process.

Our Seychelles affiliate provided all registration forms to be signed by the Client and e-mail returned them to us.

Once all documents were signed, we submitted them to the Seychelles authorities to proceed with company registration.

Three weeks thereafter, the IBC was registered, and we received the Certificate of Incorporation, Memorandum and Articles of Association and Appointment of Director confirmation documents.

We requested the preparation of the Certificate of Incumbency and Certificate of Good Standing for our Client’s Seychelles entity, required to proceed with corporate account opening.

Healy Consultants Group approached multiple global banks to secure in writing their interest in welcoming a corporate bank account opening application from our Client.

We received a welcome email from a few banks, and the Client chose the bank he preferred to proceed with.

Healy Consultants Group completed and submitted all pre-approval documents to multiple banks for review and approval.

Two banks located in Europe and USA responded positively, and our Client chose one he preferred to proceed with.

Healy Consultants Group submitted the application to the preferred bank. The banker then scheduled a call with our Client for KYC and verification process.

After the call, the banker reverted requesting more information and documents, which the Client was required to sign and email return directly to the banker.

Our Client then signed all the documents and submitted them to the bank. Healy Consultants Group submitted the Certificate of Good Standing and Certificate of Incumbency for our Client’s Seychelles company.

Once the bank received all documents and information, the account was opened within a week and our Client was able to log in to internet banking.

Our Client could now sign contracts, issue invoices, receive funds and pay suppliers through their newly-opened corporate bank account.

Once the above was complete, Healy Consultants Group requested our Seychelles partner office to prepare the company kit including all registration documents and courier to our Client.

*Notice: Seychelles entities can be registered with the Seychelles FSA only through a locally licensed International Corporate Service Provider (ICSP) / International Trustee Service Provider (ITSP). Healy Consultants Group act as an intermediary between the business owners and the Seychelles licensed service providers to project manage the Seychelles company formation engagement.