Republic of Seychelles
Company Special License (CSL)
- Privacy Rights
Common Law - Worldwide Tax
1.5% - Government Fees
$1,000 (USD) - Registration Time
Within 1 Month
A Company Special License is suited for investment management and advice, offshore banking, insurance and re-insurance, investments, holdings, intellectual property holdings, marketing, headquarters, human resources, franchises, business under a Seychelles International Trade Zone (SITZ) license or any other business approved by the Seychelles International Business Authority (SIBA).
| Authorized capital is a notional amount of capital that the company is allowed to draw from its shareholders in consideration for the company shares. Any amount of authorized capital, as determined by the beneficial owners, may be stated in the company formation documents. |
| A Seychelles CSL is required to have a minimum paid-up capital of 10% of the authorized capital in order to initiate business operations. |
Republic of Seychelles
Company Laws
Official Document Language
Conduct Business Internationally
Conduct Business in Seychelles
Resident Agent Required
Registered Office Required
Resident Secretary Required
Company Taxation
Double Taxation Avoidance Agreements
Company Tax Resident Qualification
Income Tax and Business Tax
Detailed Client Application Required
Seychelles International Business Authority
Seychelles International Business Authority
Seychelles International Business Authority
Minimum Shareholders
Company Shareholders Allowed
Residency of Shareholders Allowed
Register of Shareholders
Register of Shareholders Public Record
Bearer Shares Permitted
Minimum Directors
Company Directors Allowed
Residency of Directors Allowed
Register of Directors
Register of Directors Public Record
Disclosure of Beneficial Owners to Registered Agent
Disclosure of Beneficial Owners with Registrar
Annual General Meeting Required
Shareholders / Directors Meeting Required
Company Minutes and Resolutions
Company Seal Required
Minimum Paid Up Capital Required
Maximum Authorized Capital Investment
Capital Considerations
Subject to Currency Controls and Restrictions
Application Fees
Annual Government Fees
Keeping of Accounts Required
Filing of Accounts and Returns Required
Annual Government Return Filing Fees
Auditing of Accounts Required
Re-Domicile from a Foreign Country
Re-Domicile to a Foreign Country
Shelf Companies Available
Incorporation Time
Companies Ordinance, 1972
Companies Special Licenses Act, 2003
English
Yes
No
Yes
Yes
Yes
1.5 % of Worldwide Income
Yes
Yes
Yes
Yes (Confidential)
SIBA Application Guidelines
SIBA Application
SIBA Personal Questionnaire
2
Yes
Non-Seychellois
In Private Possession of Registered Agent
No
No
2
No
Any Nationality
Yes
Yes
Yes (Due Diligence Requirements)
Yes (Not Public)
Yes
Yes (Anywhere in the World or by Proxy)
In Private Possession of Registered Agent
No
10 % of the Authorized Capital
Unlimited
Any Currency or in Kind other than Seychelles Rupee
No
$200
$1,000
Yes
Yes (Not Public)
$200
Yes
Yes
Yes
No
Within 1 Month
imposes due diligence obligations upon all financial intermediaries requiring evidence of identity, residence and source of funds prior to entering into a business relationship. All international orders are required by law to provide Due Diligence Information.| A Seychelles Company Special License is required to prepare and file an annual financial accounts and returns to the Seychelles International Business Authority (SIBA). A Seychelles CSL is free to arrange its business accounts in any manner fitting to establish and maintain reasonable accuracy of the company's financial position. |
Seychelles Companies Special Licenses Act, 2003
Schedule 3 - Fees
Section 23
(a) An application for incorporation $ 200 (USD)
(b) Annual license fee $ 1,000 (USD)
(c) Annual return filing fee $ 200 (USD)
Seychelles Companies Special Licenses Act, 2003
Schedule 19 - Reservation of Name
The Authority may reserve the proposed name of a relevant company pending the incorporation of that company and issue a certificate stating the name so reserved if an application is made for that purpose in the prescribed manner.
| CSL | Company Special License |
Seychelles Companies Special Licenses Act, 2003
Schedule 13 - Secretary
(1) A relevant company shall at all times have a secretary of the company and such secretary shall be a resident of Seychelles or a body corporate incorporated in Seychelles.
(2) All applications made and all documents required to be submitted to the Registrar or the Authority under any Act by a relevant company shall be made or submitted through the secretary who or which shall verify in writing the signature of any person appearing on the application or document.
(3) The secretary may accept service on behalf of the relevant company and any service accepted by the secretary shall be deemed to have been accepted by the company.
| A Seychelles CSL may only issue registered shares. Company shares may be designated as: |
1.) Voting 2.) Non-Voting 3.) Preferred 4.) Redeemable 5.) No Par Value |
| Bearer shares are prohibited. |
| A Seychelles Company Special License has an independent legal personality and possesses the same powers as a natural person. A current register (complete contact information) of shareholders and directors must be kept at the office of the local Seychelles resident agent. |
Seychelles Companies Special Licenses Act, 2003
Schedule 2 - Rates of Tax
Section 21
1. The rate of the tax payable by a relevant company in respect of its taxable income is 1.5%.
2. The rates of withholding tax under Part IV of the Business Tax Act are as follows:-
(a) in respect of dividend paid to a resident - Nil
(b) in respect of dividend paid to a non-resident - Nil
(c) in respect of interest paid to a resident - Nil
(d) in respect of interest paid to a non-resident - Nil
(e) in respect of royalty paid to a non-resident for the use of, or the right to use, any copyright. patent, design or model or plan or trademark - Nil
(f) in respect of royalty paid to a non-resident in respect of the supply of scientific, technical, industrial or commercial knowledge, information or services - Nil
(g) in respect of royalty paid to a non-resident for the use of, or the right to use, any secret formula, process or know-how whether the know-how is technical, managerial or otherwise and any other intellectual property or right - Nil
(h) in respect of royalty paid to a non-resident for the use of, or the right to use, any industrial, commercial or scientific equipment - Nil
DTAA Signed and Ratified
Barbados
Botswana
China 
Cyprus
Indonesia 
Malaysia 
Mauritius 
Oman 
Qatar 
South Africa 
Thailand 
United Arab Emirates 
Vietnam 
DTAA Under Negotiation
Bahrain
Czech Republic
Egypt
Kuwait
Namibia
Russia
Tunisia
DTAA Pending Ratification
Belgium
Monaco
Zimbabwe
Order Form
CFMA
Due Diligence
SIBA
Application Guidelines
SIBA
Application
SIBA
Personal Questionnaire
$ 5,200
Complete Formation
Name Availability Search
Statutory Due Diligence for Up to Two Persons
License Application Filing with SIBA
Filing with the Registry
Government Licensing Fees ($1,000)
Original Certificate of Incorporation
Memorandum of Association (Registry Stamped)
Articles of Association (Registry Stamped)
Resolution for the Appointment of the First Director
Resolution for the Allocation of Shares
Up to Five Share Certificates Provided
Resident Agent
Registered Office
Nominee Local Company Secretary (Required)
Safekeeping of Registers and Accounts
One Year of Customer Support
Annual Business Review
Incorporation Time is Within 1 Month
If a CSL is utilized as an insurance or fund company,
expect additional costs ranging from $15,000 to $50,000
for additional licensing fees and 100+ hours of legal time.
$ 2,175
Annual Renewals Statutory Due Diligence for Up to Two Persons Filing of Annual Returns (Required) Filing with the Registry Government Licensing Fees ($1,000) Government Return Fees ($200) Resident Agent Registered Office Nominee Local Company Secretary (Required) Safekeeping of Registers and Accounts One Year of Customer Support Annual Business Review If a CSL is utilized as an insurance or fund company,
expect additional renewal costs from $5,000 to $15,000
for licensing fees, accounting, auditing and legal time.
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