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Seychelles

International Business Company (Company limited by shares)

Seychelles is a popular offshore financial center and a growing international company formation market.

Companies incorporated under the International Business Companies Act, 1994, benefit from one of the quickest company formation worldwide and the lowest annual government fees, which can be as little as $100.

International Business Companies are not considered resident for tax purposes and therefore are exempt from all local taxes, including income tax and withholding tax on payments abroad.

Alternatively, a Seychelles company may request a Special License Company (SLC) and be subject to a 1.5% tax on its worldwide income. This allows access to more than 20 double taxation treaties concluded by Seychelles, and may reduce or waive withholding taxes on income remitted from a foreign entity to a Seychelles company.

To incorporate a Seychelles IBC, only one shareholder and one director is required, who can be either an individual or a corporation and may be non-resident. Seychelles Special License Companies are required to appoint two resident directors.

Members benefit from confidentiality as no details are available in the public registry. Bearer shares may be issued. However, its holders’ details must be stored in the registered office.

Annual reporting is non-existent. IBCs are not required to file annual return or financial statements, although the latter must be prepared and kept in the company registered office.  

Seychelles has agreed to implement the OECD’s automatic exchange of information for tax purposes (AEoI) by 2018.

Seychelles offshore companies are commonly used for IP holding, estate planning, wealth management as well as a holding company and to conduct business as international trade and affiliate marketing.

Taxes

Corporate income tax – Companies incorporated under the International Business Companies Act are not subject to taxation. All trading income, investment income, capital gains, compensations, rents and royalties derived from outside of Seychelles are exempted from taxation.

Other taxes – In the Seychelles there is no capital gains tax, real property tax, inheritance tax or estate duty, capital transfer tax, gifts tax or wealth tax. The main tax on resident individuals is income tax on their income accrued in Seychelles at a maximum rate of 15%.

There is VAT at 15% levied on the supply of goods and provision of services.

  • Offshore Income Tax Exemption
  • Offshore capital gains tax exemption
  • Offshore dividends tax exemption
  • CFC Rules
  • Thin Capitalisation Rules
  • Patent Box
  • Tax Incentives & Credits
  • Property Tax
  • Wealth tax
  • Estate inheritance tax
  • Transfer tax
  • Capital duties
  • 0% Offshore Income Tax Rate
  • 0% Capital Gains Tax Rate
  • 0% Dividends Withholding Tax Rate
  • 0% Interests Withholding Tax Rate
  • 0% Royalties Withholding Tax Rate
  • 0 Losses carryback (years)
  • 5 Losses carryforward (years)
  • 0% Personal Income Tax Rate
  • 15% VAT Rate
  • 41 Tax Treaties

Country details

Seychelles
SCR
Victoria
Africa
e n - S C , f r - S C
88340

The Republic of the Seychelles is a country member of the Commonwealth, comprised by a group of 115 islands located in the Indian Ocean, to the northeast of Madagascar, with a total surface of 455 sq. km.

It is inhabited by about 100,000 people. Its capital is Victoria, the only city in the archipelago, located on the island of Mahe and inhabited by a third of the population. It has the only international port and airport of the country, which receives flights from the most important international airports worldwide.

Its official languages are English, French and Seychellois Creole, a French based creole. The Seychellois Rupee (SCR) is its official currency.

The president of Seychelles is the head of state and government. It is elected by universal suffrage for a term of five years.

The Seychelles parliament is unicameral and is called the National Assembly. It is made up of 34 deputies, 25 of whom are directly elected by popular vote in single-member constituencies, and the remaining nine are elected proportionally by the total number of votes to each party.

The main economic sectors are Tourism, with over 300,000 visitors in 2016, fishing and financial services. Other important industries include processing of coconuts and vanilla, coconut rope, construction of boats, printing, furniture and beverage. The public sector is considerably large employing two thirds of the labor force.

The financial services sector is the other pillar of its economy, offering offshore banking services, offshore companies registration, registration of investment funds and insurance companies, vessels registration, among others.

Tax treaties

Country Type Date Signed
Botswana DTC  2004-08-26
Viet nam DTC  2005-10-04
Malaysia DTC  2003-12-03
Monaco DTC  2010-01-04
Indonesia DTC  1999-09-27
Bahrain DTC  2010-04-24
San Marino DTC  2012-09-28
Mauritius DTC  2012-08-18
Cayman Islands TIEA 2014-02-12
Malawi DTC  2012-09-06
Sri Lanka DTC  2011-11-07
Swaziland DTC  2012-10-16
China DTC  1999-08-26
Sierra Leone DTC  2014-07-09
Denmark TIEA 2011-03-30
Netherlands TIEA 2010-08-04
Norway TIEA 2011-03-30
Faroe Islands TIEA 2011-03-30
Zambia DTC  2008-02-05
Zimbabwe DTC  2002-08-06
South Africa DTC  1998-08-26
Qatar DTC  2006-07-01
Bermuda DTC  2012-06-21
Guernsey TIEA 2011-12-20
Kuwait DTC  2010-12-07
Cyprus DTC  2006-06-28
Lesotho DTC  2011-09-05
Luxembourg DTC  2012-06-04
Sweden TIEA 2011-03-30
Thailand DTC  2001-04-26
Finland TIEA 2011-03-30
Isle of Man DTC  2013-03-28
Singapore DTC  2014-07-09
Iceland TIEA 2011-03-30
Oman DTC  2003-09-13
Switzerland TIEA 2014-05-26
United Arab Emirates DTC  2006-09-18
Greenland TIEA 2011-03-30
Belgium DTC  2006-04-27
Ethiopia DTC  2012-07-14
Barbados DTC  2007-10-19

Procedures

We can help you incorporate a International Business Company (Company limited by shares) in Seychelles for $1,600.


Description


Seychelles International Business Company (IBC) – US$1,600.00 (All Included)


We pride ourselves in providing the best possible professional service which includes our honest hassle free “No Hidden Fee” policy. Your incorporation package includes:



  • Government incorporation and filling fee

  • Bound set of Constitutional Documents

  • Certified Copies of Constitutional Documents for bank account opening

  • Registered Agent & Registered Office Fee

  • Courier fees


Time to form: 2 weeks.


All our incorporation services include a yearly consulting session, a dedicated account manager and access to our global network of trusted business services, including introductions to accountants, financial, tax and legal advisors at no cost.


Bank Account Options



  • Offshore Bank Account* (Remotely) – US$300.00

  • Mauritius Bank Account (Remotely) – US$500.00

  • Labuan (Malaysia) Bank Account (Remotely) – US$500.00

  • Curaçao Bank Account (Remotely) – US$500.00

  • Hong Kong Bank Account (In-person) – US$1,200.00

  • Singapore Bank Account (In-person) – US$900.00

  • Crypto-Friendly Bank Account (Remotely) – US$3,000.00


We include introductions to payment processors or merchant accounts with all of our incorporation services. Whether you just need standard credit card processing or specialized services for high risk processing, we are happy to help you with introductions that can empower your business.


*Offshore Bank Accounts: Belize, Puerto Rico, Nevis, Antigua, Saint Lucia.  Other bank account options may be available depending on business profile and turnover.


Annual Fees (2nd year) – US$800.00


Including:



  • Government fee

  • Registered Agent & Registered Office fee


Additional Services



  • Nominee Director(1 year) – US$350.00

  • Nominee Shareholder(1 year) – US$350.00





Click here to incorporate your Seychelles IBC.

Incorporate now

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