The Seychelles IBC (Seychelles International Business Company) is the most popular type of Seychelles offshore company due to its flexibility, fast incorporation (24 hours or less), low Government fees (US$150 per year) and excellent legal framework. The Seychelles IBC is a popular vehicle for use as a special purpose vehicle, holding company, trading company or investment company (including for use in regulated collective investment schemes).
|Seychelles IBC Summary|
|Political Stability||Very Good|
|Legal System||Common Law/Civil Law Hybrid|
|Migration of Domicile Permitted||Yes (Incoming and Outgoing)|
|Non-English Language Names Allowed||Yes|
|Operational Objects||Any lawful activity except those restricted by the Act|
|Seychelles Capital Gains Tax||N/A|
|Seychelles Business Tax||0% on non-assessable or non-Seychelles source income (e.g dividends, income/interest/royalties/income from non-Seychelles sources); 30% on Seychelles source, assessable income|
|Other Seychelles Taxes?||None|
|Access to Double Taxation Avoidance Treaties||Yes, subject to minimum substance conditions|
|Minimum Shareholders||One (may be corporate)|
|Bearer Shares Allowed||No|
|Corporate Directors Allowed||Yes|
|Company Secretary Required||No|
|Standard Authorized Share Capital||1,000,000 no par value shares|
|Minimum Paid Up Capital||Value of 1 Share|
|Corporate Seal Required||No|
|Government Registry of Directors||Yes, limited access|
|Government Registry of Shareholders||No|
|Annual Return Filed||Yes|
|Meeting Locations||Anywhere, proxy also allowed|
|Incorporation Time||1 day|
The International Business Companies Act provides for a wide range of options in terms of structuring
the share capital of a Seychelles IBC which is summarized below:
A Seychelles IBC may be incorporated under the International Business Companies Act for any object or purpose not
prohibited by the Act or by any other law for the time being in force in Seychelles.
A company shall not –
For the purposes of subsection (2)(a), a company shall not be treated as carrying on business in
Seychelles by reason only that“
A company may own or manage a vessel registered in Seychelles under the Merchant Shipping Act and the vessel may visit or be situated in Seychelles waters, provided that the company shall not carry on any business in Seychelles in contravention of section 5(2)(a), including, without limitation, fishing, charter or tourism business involving the vessel.
The Seychelles IBC (International Business Company) is a flexible, tax exempt Seychelles offshore company ideal for a wide variety of uses such as a professional services company (PSC), property holding company, international trading company, royalty copyright and patent holding company or investment company or shipping company.