Republic of Seychelles
Seychelles International Trade Zone (SITZ) Company
- Privacy Rights
Common Law - Worldwide Tax
0% - Government Fees
$550 to $4,000 (USD) - Registration Time
Within 1 Month
A Seychelles International Trade Zone (SITZ) Company is issued as a special license for provisional tax exempt activities allowed under the International Trade Zone Act, 1994. A SITZ Company is deigned to provide business incentives such as 100% foreign ownership the ability to import foreign workers for skills absent in Seychelles into ready-made warehouses and offices available for rent to promote redistribution, light assembly, manufacturing, processing, management and export oriented companies in the Republic of Seychelles. Total administration for a SITZ Company, licensing and regulatory activities are conducted by the Seychelles International Business Authority.
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. |
Enter the name for this tabbed section: Paid Up Capital
| A SITZ Company is required to have a minimum paid-up capital of 10% of the authorized capital in order to initiate business operations. |
Enter the name for this tabbed section: Confidentiality and Privacy
During the SITZ Company license application a business plan is submitted, detailed personal information is disclosed and beneficial owners are identified to the Seychelles International Business Authority (SIBA). Ownership information is on file with SIBA but remains private and is not accessible to the public and will not be divulged to any foreign governments or organizations. Secrecy provisions in Seychelles law demand all information gathered during the SITZ Company license application be held 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 Company, a Seychelles court decision may be obtained ordering the company to disregard the attempted seizure and continue to respect the rights of the Seychelles Company shareholders.
Enter the category for this item: Features of Company
Enter the name for this tabbed section: Seychelles International Trade Zone 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
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
Seychelles International Trade Zone (SITZ) Company
Companies Ordinance, 1972
International Trade Zone Act, 1995
International Trade Zone Regulations, 1995
English
Yes
Yes (Up to 20%)
Yes
Yes
Yes
0 % of Worldwide Income
No
No
No
Yes (Confidential)
SIBA Application
SIBA Personal Questionnaire
2
Yes
Any Nationality
Yes, Not Public (Required by the Regulator Agency SIBA)
No
No
2
No
Any Nationality
Yes, Not Public (Required by the Regulator Agency SIBA)
No
Yes (Due Diligence Requirements)
Yes, Not Public (Required by the Regulator Agency SIBA)
Yes
Yes (Anywhere in the World or by Proxy)
In Private Possession of Local Resident Company Secretary
Yes
10 % of the Authorized Capital
Unlimited
Any Currency or in Kind
No
Yes (Listed Under Licensing Fees)
Yes (Listed Under Licensing Fees)
Yes
Yes, Not Public (Required by the Regulator Agency SIBA)
No
Yes
No
No
No
Within 1 Month
Companies Ordinance, 1972
International Trade Zone Act, 1995
International Trade Zone Regulations, 1995
English
Yes
Yes (Up to 20%)
Yes
Yes
Yes
0 % of Worldwide Income
No
No
No
Yes (Confidential)
SIBA Application
SIBA Personal Questionnaire
2
Yes
Any Nationality
Yes, Not Public (Required by the Regulator Agency SIBA)
No
No
2
No
Any Nationality
Yes, Not Public (Required by the Regulator Agency SIBA)
No
Yes (Due Diligence Requirements)
Yes, Not Public (Required by the Regulator Agency SIBA)
Yes
Yes (Anywhere in the World or by Proxy)
In Private Possession of Local Resident Company Secretary
Yes
10 % of the Authorized Capital
Unlimited
Any Currency or in Kind
No
Yes (Listed Under Licensing Fees)
Yes (Listed Under Licensing Fees)
Yes
Yes, Not Public (Required by the Regulator Agency SIBA)
No
Yes
No
No
No
Within 1 Month
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.
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 SITZ Company is required to prepare and file an annual financial accounts and returns to the Seychelles International Business Authority. A SITZ Company 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
Licensed Activities
Redistribution
Light Assembly
Manufacturing
Processing
Management Export Services*
Annual Licensing Fees
$550
$550
$2,700
$2,700
$1,500
$550
$2,700
$2,700
$1,500
Application Fees
$ 0
$ 0
$1,300
$1,300
$500
*Management export services include consultants, software developers, e-commerce and other projects primarily geared toward an export market.
Enter the name for this tabbed section: Secretarial Requirements
A SITZ Company requires the service of a local Seychelles company secretary.
Enter the name for this tabbed section: Business Plan
SITA Company license applications must contain a business plan, provided by the beneficial owners, indicating company objectives, company operations, a 3-year financial forecast, market descriptions, marketing penetration strategies and details about the company capitalization.
Enter the category for this item: Names and Rules
Enter the name for this tabbed section: Names
The Seychelles International Business 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.
Enter the name for this tabbed section: Name Endings
| Ltd | Limited |
Enter the name for this tabbed section: Name Restrictions
The Seychelles International Business Authority may, at its own discretion, refuse any company name which is indecent, offensive or is otherwise objectionable or misleading.
Enter the category for this item: Shares and Structuring
Enter the name for this tabbed section: Shares
| A SITZ Company may only issue registered shares. Company shares may be designated as: |
1.) Ordinary 2.) Preferred 3.) Redeemable 4.) Par Value 5.) No Par Value |
Enter the name for this tabbed section: Bearer Shares
| Bearer shares are prohibited. |
Enter the name for this tabbed section: Structuring
| A Seychelles International Trade Zone Company has an independent legal personality and possesses the same powers as a natural person. A current register (complete contact information) of shareholders, directors and beneficial owners must be kept at the office of the Seychelles International Business Authority. |
Enter the category for this item: Taxes
Enter the name for this tabbed section: Tax on Worldwide Income
No Business Tax
No Tax on Profits and Dividends
No Import Duty
No Goods and Services Tax (GST) on Intermediate and Finished Products
No Goods and Services Tax (GST) on Import of Capital Equipment
No WithHolding Tax for Payments to Non-Residents
No Gainful Occupation Permit (GOP) for Expatriate Workers
No Employer Contributions to Social Security
No Tax on Profits and Dividends
No Import Duty
No Goods and Services Tax (GST) on Intermediate and Finished Products
No Goods and Services Tax (GST) on Import of Capital Equipment
No WithHolding Tax for Payments to Non-Residents
No Gainful Occupation Permit (GOP) for Expatriate Workers
No Employer Contributions to Social Security
Enter the name for this tabbed section: International Trade Zone Company
Order Form
CFMA
Due Diligence
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 Application (Fees Not Included)
Government Licensing (Fees Not Included)
International Trade Zone License
Original Certificate of Incorporation
Memorandum of Association (Registry Stamped)
Articles of Association (Registry Stamped)
Organizational Meeting
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)
2 Hours of Legal Time from a Seychelles Attorney
Safekeeping of Registers and Accounts
One Year of Customer Support
Annual Business Review
Incorporation Time is Within 1 Month
Enter the name for this tabbed section: Annual Renewals
$ 2,175
Annual Renewals Statutory Due Diligence for Up to Two Persons Preparation and Filing of Annual Returns ($230) Filing with the Registry Government Licensing (Fees Not Included) Resident Agent Registered Office Nominee Local Company Secretary (Required) Safekeeping of Registers and Accounts One Year of Customer Support Annual Business Review
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