Seychelles International Business Company, IBC

Republic of Seychelles
International Business Company (IBC)

Privacy Rights
Common Law

Worldwide Tax
0%

Government Fees
$100 (USD)

Registration Time
1 Business Day

A Seychelles International Business Company (IBC) is a tax-free company designed to engage in all forms of international business with strict owner privacy laws, minimal record keeping and no reporting requirements. Since the introduction of the Seychelles International Business Companies Act in 1994, more than 600 new companies are formed every month, totaling over 30,000 registered Seychelles IBC's.

An International Business Company is suited for management consultants, network engineers, software developers, professionals who tend to travel between various countries on short-term assignments, internet based businesses, international commodity trading or any other business approved by the Seychelles International Business Authority. A Seychelles IBC may be used as a personal asset protection vehicle to passively hold property and investments.

All

Enter the category for this item: Capital and Confidentiality

Enter the name for this tabbed section: Authorized Capital

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. There are no mandatory time frames as to when such capital must be paid up by the shareholders.

Enter the name for this tabbed section: Paid Up Capital

A Seychelles IBC is not required to have any minimum paid-up capital in order to initiate business operations.

Enter the name for this tabbed section: Confidentiality and Privacy

Since the Seychelles Registrar of Companies does not require any information on the shareholders, directors and beneficial owners of an International Business Company, they are not part of any public record. Only in keeping with formation "Due Diligence" requirements is a licensed registered agent permitted to maintain possession of the internal company files. These documents include the register of shareholders and directors and the company minutes and resolutions, but do not contain any indication as to the actual beneficial owners. Seychelles company laws impose a duty on professionals to keep the affairs of their clients strictly confidential.

Enter the name for this tabbed section: Confiscation Provisions

Where any foreign government authority, by way of nationalism, expropriation, confiscation, force or duress, or by imposition of any confiscatory tax, assessment, or other governmental charge, takes or seizes any shares or other interest in a Seychelles IBC, a Seychelles court decision may be obtained ordering the company to disregard the attempted seizure and continue to respect the rights of the Seychelles IBC shareholders.

Enter the category for this item: Features of Company

Enter the name for this tabbed section: Seychelles - International Business Company

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

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

International Business Company (IBC)

International Business Companies Act, 1994

English

Yes

No

Yes

Yes

No

0 % of Worldwide Income

No

No

No

No

1

Yes

Non-Seychellois

In Private Possession of Registered Agent

No

Yes

1

Yes

Any Nationality

In Private Possession of Registered Agent

No

Yes (Due Diligence Requirements)

No

No

Yes (Anywhere in the World or by Proxy)

In Private Possession of Registered Agent

No

No

Unlimited

Any Currency or in Kind

No

No

$100

No

No

No

No

Yes

Yes

Yes

1 Business Day

Enter the name for this tabbed section: Due Diligence Information

The Seychelles Anti-Money Laundering Act of 2008

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.

Enter the category for this item: Financial

Enter the name for this tabbed section: Financial Reporting

A Seychelles International Business Company is not required to prepare or file any financial accounts. A Seychelles IBC is free to arrange its business accounts in any manner fitting to establish and maintain reasonable accuracy of the company's financial position.

Enter the name for this tabbed section: Government Licensing Fees

Regardless of the amount of authorized capital, paid up capital or total number of shares in a Seychelles IBC, the annual government licensing fee is $100 (USD). Should the assets of an IBC be valued in the millions or even tens of millions of dollars, this annual licensing fee remains the same. In comparison to other tax havens, this flat annual licensing fee with an unlimited amount of authorized capital is arguably one of the most competitive in the world.

Country

Anguilla

Bahamas

Belize

British Virgin Islands

Cayman Islands

Cook Islands

Dominica

Hong Kong

Nevis

Panama

Republic of Seychelles

Samoa

St. Vincent

United States (Nevada)

Maximum Authorized Capital (USD)

$50,000

$50,000

$50,000
(Fees in Excess of 50,000 Shares)

Unlimited
(Fees in Excess of 50,000 Shares)

$50,000

$5,000

$100,000

Unlimited
(Fees in Excess of 50,000 Shares)

$100,000

$10,000

Unlimited

$1,000,000

$100,000

Unlimited

Annual Licensing Fee

$230

$350

$100

$350

$600

$300

$150

$315

$220

$300

$100

$300

$100

$325

Enter the category for this item: Names and Rules

Enter the name for this tabbed section: Name Endings

AG	Aktiengesellschaft
AO	Аktsionernoye Obschestvo
ApS	Anpartsselskab
AS	Akciová Společnost or Akciová Spoločnosť
A/S	Aktieselskab
Bhd	Berhad
BV	Besloten Vennootschap
CC	Close Corporation
CIE	Compagnie
CO	Company
Corp	Corporation
DD	Delniska Druzba or Dioníčko Društvo
EPE	Eteria Periorismenis Efthynis
Est	Anstalt
GmbH	Gesellschaft mit beschränkter Haftung
Inc	Incorporated
LLC	Limited Life Company
Ltd	Limited
LTDA	Limita
NV	Namloze Vennootschap
oo	Private Limited Company
OY	Osakkeyhtiä or Osakeyhtiö
PLC	Public Limited Company
Pty	Proprietary
(Pty) Ltd	(Proprietory) Limited
RT	Részvény Társaság or Részvénytársaság
SA	Société Anonyme or Sociedad Anomina or Spólka Akcyjna
SARL	Societe A Responosabilité Limité
SL	Sociedad Limitada
SPA	Società Per Azioni
Spz	Spólka z organiczoną odpowiedzialnoścoą
Srl	Società a responsabilità limitada
SRO	Spolecnost s. Rvcenin Omezenym

Enter the name for this tabbed section: Name Restrictions

Seychelles International Business Companies Act, 1994
Part II - Constitution of Companies
Section 11

(3) No company shall be incorporated under this Act under a name that -

(a) is identical with that of a statutory corporation or that under which a company in existence is already incorporated under this Act or registered under the Companies Act or so nearly resembles the name of another company as to be calculated to deceive, except where the company in existence gives its consent;

(b) contains the words "Assurance", "Bank", "Building Society", "Chamber of Commerce", "Chartered, "Cooperative", "Imperial". "Insurance", "Municipal", "Trust", "Foundation", or a word conveying a similar meaning, or any other word that, in the opinion of the Registrar, suggests or is calculated to suggest the patronage of or any connection with Seychelles or the Government of Seychelles or with any other country or the Government of that country:Provided however that the Registrar may permit the incorporation of a company under a name that includes the word “Seychelles” if the Registrar thinks fit to do so;”,

(c) is indecent, offensive or, in the opinion of the Registrar is otherwise objectionable or misleading.

Enter the name for this tabbed section: Rules of Operation

Seychelles International Business Companies Act, 1994
Part II - Constitution of Companies
Section 5 (Edited)

(1) For the purposes of this Act, an International Business Company is a company that does not -

(a) carry on business in Seychelles;

(b) own an interest in (or lease) immovable property situate in Seychelles . . .;

(c) carry on banking . . . or a trust business;

(d) carry on business as an insurance or a reinsurance company; or

(e) carry on the business of providing the registered office for companies.

(2) . . . an International Business Company shall not be treated as carrying on business in Seychelles by reason only that -

(a) it makes or maintains deposits with a person carrying on business within Seychelles;

(b) it makes or maintains professional contact with counsel and attorneys, accountants, bookkeepers,
trust companies, management companies, investment advisers or other similar persons carrying
on business within Seychelles;

(c) it prepares or maintains books and records within Seychelles;

(d) it holds, within Seychelles, meetings of its directors or members;

(e) it holds a lease of property for use as an office from which to communicate with members or
where books and records of the company are prepared or maintained;

(f) it holds shares, debt obligations or other securities in a (Seychelles IBC);

(g) it holds bonds, treasury bills and other securities issued by the Government of Seychelles or the
Central Bank of Seychelles;

(h) shares, debt obligations or other securities in the company are owned by any person resident in
Seychelles . . . ; or

(i) it owns or manages a (shipping) vessel (or an aircraft) registered in (the Republic of Seychelles).

Enter the category for this item: Shares and Structuring

Enter the name for this tabbed section: Shares

A Seychelles IBC may issue registered shares or bearer shares. Company shares may be designated as:

1.) Voting

2.) Non-Voting

3.) Common

4.) Preferred

5.) Redeemable

6.) Unnumbered

7.) No Par Value

8.) Shares having more or less than one vote per share

9.) Shares that may be voted only when held by persons who meet specified requirements

10.) Shares that entitle participation only on certain assets

11.) Shares that may be voted only on certain matters

12.) Shares that may be voted only upon the occurrence of certain events

Enter the name for this tabbed section: Bearer Shares

The legal restrictions on bearer shares largely negates any benefits as the issuance and transfer of bearer shares cannot be carried out anonymously. A further hindrance to the use of bearer shares are the reluctance of banks to open accounts for bearer share companies.

Seychelles International Business Companies Act, 1994
Part III - Capital and Dividends
Section 28

(1) A company incorporated under this Act shall cause to be kept one or more registers to be known as Share Registers containing -

(a) the names and addresses of the persons who hold registered shares in the company;

(b) the number of each class and series of registered shares held by each person;

(c) the date on which the name of each person was entered in the Share Register;

(d) the date on which any person ceased to be a member;

(e) in the case of shares issued to bearer, the total number of each class and series of shares issued to bearer;

(f) with respect to each certificate for shares issued to bearer -

(f)(i) the identifying number of the certificate;

(f)(ii) the number of each class or series of shares issued to bearer specified therein, and

(f)(iii) the date of issue of the certificate; but the company may delete from the Share Register information relating to shares issued to bearer that have been cancelled.

Enter the name for this tabbed section: Structuring

A Seychelles International Business Company has an independent legal personality and possesses the same powers as a natural person. A Company shareholder and director may be the same person and apart from the director, no other officers need be appointed. A current register (complete contact information) of shareholders and directors must be kept at the office of the local Seychelles resident agent.

Enter the category for this item: Taxes

Enter the name for this tabbed section: Tax on Worldwide Income

By legal definition, a Seychelles IBC and its shareholders are not subject to any tax or duty derived from income or profits, stamp duties on all transfers of property, transactions of shares, debt obligations and other securities.

Seychelles International Business Companies Act, 1994
Part XI - Exemptions
Section 109

(1) A company incorporated under this Act or a shareholder thereof shall not be subject to any tax or duty on income or profits accruing to or deriving from such company or in connection with any transaction to which that company or shareholder, as the case may be, is a party.

(2) Notwithstanding any provision of the Stamp Duty Act 1975 -

(a) all transfers of property to or by a company incorporated under this Act;

(b) all transactions in respect of the shares, debt obligations or other securities of a company incorporated under this Act; and

(c) all other transactions relating to the business of a company incorporated under this Act, are exempt from the payment of stamp duty.

Enter the name for this tabbed section: International Business Company

Order Form

CFMA

Due Diligence

$ 1,100

Complete Formation

Name Availability Search
Statutory Due Diligence for Up to Two Persons
Filing with the Registry
Government Licensing Fees ($100)
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
Safekeeping of Registers and Accounts
One Year of Customer Support
Annual Business Review
Incorporation Time is 1 Business Day
If an IBC 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.

Enter the name for this tabbed section: Annual Renewals

$ 725

Annual Renewals

Statutory Due Diligence for Up to Two Persons
Filing with the Registry
Government Licensing Fees ($100)
Resident Agent
Registered Office
Safekeeping of Registers and Accounts
One Year of Customer Support
Annual Business Review
If an IBC 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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Asset Protection Services International, SRL