SEYCHELLES RM offers incorporation services and ongoing company management in the Seychelles. We provide readymade shelf companies as well as a "Name of your choice" service. Ongoing Registration agency and registered office services are provided for as well as legal advice and support services.

The Republic of Seychelles is a group of islands in the Indian Ocean comprising over one hundred named islands, most being situated between four and five degrees south of the equator.

The largest island Mahe is 17 miles long by 5 miles across. The capital of Mahe is Victoria.

The Seychelles economy is primarily tourism based, but it also has a rapidly expanding financial sector, linked to the establishment of offshore structures and encouraging inward investment.

The official language is English. However, Creole is spoken widely and many also speak French.
The currency used in the islands is the Seychelles Rupee.

International Business Companies

Type of law in the Seychelles
Based on English Common Law, French Civil Law and Customary Law

Type of company for international trade and investment
International Business Companies, ruled by the International Business Companies Act 1994 (Act 24 of 1994)

Company Names
Names can be incorporated in any language, but must be accompanied by a translation into English or French. The Documentation is issued in English and French, but it is possible to have bilingual documentation. Name endings that may be used to denote limited liability, i.e.: "Limited", "Corporation", "Incorporated", "Societe Anonyme", or their abbreviations. Other name endings such as BV, GmbH, SARL may also be used.

Time scale to incorporate an IBC in Seychelles
The Companies are incorporated the same day they are requested, but up to five to seven working days are required for the delivery of the documentation.

Authorised Share Capital
For Seychelles IBCs, there is no minimum share capital required. They are normally incorporated with an authorised share capital of US$5,000 with par value to take advantage of the minimum capital registration fee payable at the time of incorporation and annually thereafter. The Authorised Share Capital may be expressed in any currency.

Shareholders
There are no limitations as to number or nationality. We can assist you with nominee shareholders. The minimum number of Shareholders is one.

Shares
Bearer, nominative, par or no par value shares, as desired.

Directors
The minimum number of directors is one. Directors may be individuals or corporate bodies and of any nationality. They need not be resident in the Seychelles.

Accounting
There is no need to file financial statements

Taxation
IBC's are subject to zero taxation in Seychelles

Registered Agent/Registered Office
Seychelles IBC's are required to have a registered agent and registered office in the Seychelles.

Important Feature
An important feature of the Seychelles IBC Act is that the incorporation fees are fixed for life. Even if annual renewal fees are increased in future, a company incorporated before such an increase came into effect will not be affected adversely.

Restrictions on trading

A Seychelles IBC cannot trade within the Seychelles or own real estate there. Nor can it undertake the business of Banking, Trust, Insurance, Assurance, Re-Insurance or any other activity that would suggest an association with the Banking and Insurance industries. A Seychelles IBC cannot provide Registered Office facilities in the Seychelles, or sell its shares to the public.

Powers of a Seychelles Incorporated Company
A Seychelles incorporated company has the same powers as a natural person.

Shelf Companies
We have a number of already existing companies for sale. These companies have never traded or engaged in any transaction whatsoever.

Whilst every precaution has been taken to check the accuracy of the information contained in this page, no responsibility can be taken for any inaccuracies contained herein. Please also note that we are not tax advisors. Professional tax advice should always be taken if in doubt.

Copyright © The Raymond Morris Group Limited. 1997. All rights reserved.