Info-clipper.com is a pay-as-you-go, subscription-free service. Insurance, Municipal, Trust, Foundation, or 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. The zero-tax regime for offshore companies in the Seychelles tax haven is guaranteed by legislation. Please note that all such information is only filed privately in our records. These regulations require that we know our clients through a process called due diligence. It can also benefit from the double taxation avoidance agreements (DTA) that Seychelles has with many fast-developing countries in Asia and Africa. Can IBC documents be signed electronically? Additionally we cannot assist clients who are directly involved in the pharmaceutical business such as operating a chemical factory. A special power of attorney lists specific actions that the attorney is expected to perform and it usually specifies a very short time period. Shelf Companies The updated register will have to be filed with the Registry and the whole process can take between 1 to a few days. IBCs must also prepare a financial summary, which is a simplified form of financial statements. Furthermore, Seychelles has made its name well known in the offshore world as one preferable choice for offshore investors by dint of its range of good benefits for incorporated companies, such as tax advantages, a high level of privacy, confidentiality, asset protection, and many more. The statutory declaration must be prepared by an attorney declaring all requirements of the Act have been met. Directors In a court of law, a judge will not recognize the term nominee director because in law the person whose name appears on the Register of Directors is actually fully responsible for the proper management of the company and it does not matter if a person thinks or claims that he was a nominee. Incorporation Yes you can. And the director and shareholder can be the same person or corporate entity. Please email us for details. The management and control of the company may be placed in the country where the directors reside. Preparing accounts is a must, but there is no obligation for filing an account with authority. The FSA operates the IBC registry. Otherwise, the public records are available for public inspection. The IBC is the general-purpose option for international business and is used for most activities. Cable & Wireless (Seychelles) Limited, a telecommunications company, provides fixed, mobile, and broadband services for residential and business customers. We provide the registered office in Seychelles. Below are common characteristics of a Seychelles IBCs structure: Does Seychelles allow bearer shares? Seychelles Company Formations | Vistra It is generally recommended that someone with a good clean record is appointed because a directors past is likely to be scrutinized at some point particularly if a bank account will be required. Fidelity Corporate Services (Seychelles) Ltd is a specialist offshore company formation agent. And we will be there to support you, for the lifetime of your company! This letter must bear the official stamp or seal and show the officials name and signature, A government-issued National Identity card. The origin of trusts can be found in the eleventh century crusades. Disclaimer: While BBCIncorp strives to make the information on this website as timely and accurate as possible, the information itself is for reference purposes only. We can receive payments in United States dollars, Euros, British Pounds, Singapore dollars, and Seychelles Rupees. A shareholder is a person (a private individual or a corporate body), who is the formal holder of shares in a particular offshore company. A shareholder is someone who is listed as the owner of shares in the companys share register. Pentti Vartiainen - Growth Director, International - UltraLeanBusiness Ltd.. Yes you can, provided that the laws of the existing country allow you to transfer the company to Seychelles. In the nominee shareholding relationship, the beneficial owner is the person who is the real, de-facto owner of the shares, entitled to all gains, profits and benefits accruing to such shares. Some businesses are specialised and require special skills and knowhow, and a professional director with the required experience and can be the solution. Its political system is a unitary presidential republic. Must an IBC have an office in Seychelles? Yes, corporate directors are allowed. Ltd." Instead of "LLC". Bank notes must be of very good quality so as to be acceptable to Seychelles banks. The typical minimum used is United States Dollar One and other commonly authorized and issued amounts are 5000 and 100,000 United States Dollars. The share capital is denominated in what currency? The Seychelles IBC can also issue shares limited by guarantee so that the shareholder does not immediately have to pay up for shares. You will usually be able to have different groups of signatories. It can be convenient for the end user clients for the company secretary to be closer to them. Some business activities require a licence, which the IBC would have to apply for. The registry does experience some very busy periods when it can take 2 or 3 hours, but this is not the norm. Any company, Foundation or Limited Liability Partnership from any acceptable country can be a shareholder of a Seychelles IBC. Can we really trust you, the "registered agent"? The declaration of trust can then be signed by the nominee shareholder to confirm that the beneficial owner is the real owner of the shares. Our annual fees are competitive and include government charges of USD 150.50 per annum, and our registered agent and registered office fees. This the most robust close down option but also the costliest one. Try our. It is optional. Will you send us a reminder? Download & Form Seychelles offshore company formation Seychelles International Business Company (IBC) One of the best cost effective solutions Easy start-up for a new business - fast incorporation Details of shareholders and beneficial owners are not subject to public disclosure Pay no taxes, stamp duty or other taxes levied in Seychelles A nominee shareholder can save the beneficial owner some time from such activities, and also serves to protect the beneficial owners privacy. Minimum Capital Why should I pay for the Registered Office and Registered Agent if I don`t even use them? More often than not, a new international business company in Seychelles can be set up for only 24 hours. A professional director can bring expertise. As an IBC is a limited liability company, shareholders are liable for the unpaid portion of their shares in the event of winding up (liquidation). Instead of directing the company yourself you can find someone suitable so that you can have more time to do other important things. A written agreement is usually signed by both parties to protect the beneficial owner, to ensure that the nominee follows the beneficial owners instructions at all times. Our forms are quite short and simple and are usually not more than 2 or 3 pages long. Fidelity Corporate Services (Seychelles) Ltd is a specialist offshore company formation agent. Anyone over 18 years old who has not been disqualified in some way to take on a role with great responsibility can be appointed. Seychelles is a part of the Commonwealth, but its government is independent and democratic with a stable society, giving an investment-friendly environment for offshore seekers. The contents of the register are uploaded into a centralized government database (not public). This has usually been because overseas banks can provide more sophisticated products and more modern services, or because the clients already have a relationship with a particular bank which does not have a branch in Seychelles. A regulated person is someone or an entity who is subjected to anti-money laundering regulations and who is reporting entity under such regulations. Can an IBC legally exist without any directors? Certain restrictions for a Seychelles IBC. Trust Formation Or he or she may be deemed to be a director of the IBC. Company profile page for Air Seychelles Ltd including stock price, company news, press releases, executives, board members, and contact information Does an IBC give foreigners an unfair advantage over residents? We can assist with the transfer of ownership and management (transfer shares and the directorships) to the new owners. Accounting records of Seychelles business companies are kept private. To register a Pty. The sole function of the apostille is to identity any stamp or seal affixed to an official document, to certify the authenticity of the signature on the document, and the capacity in which the person signing the document acted. Public Records Depending on your exact requirements you can have a Seychelles IBC for less than the BVI government fee and it can be ready within 1 day. A Pty. Other documents and all copies require notarization or other certification or authentication before they can be apostilled. You can. SEYCHELLES TRADING COMPANY LIMITED Company Profile | Mahe, Seychelles Here are a few: With regard to the annual fee requirement, it is also worth noting that international business companies established in Seychelles need to pay an annual government license fee, which is much more competitive than that of many other tax havens such as in the BVI. The holders of the shares, i.e. Most offshore jurisdictions also require a company to have a Registered Agent within their territory. He/she may be either individual or a corporate body. The persons registered as directors and shareholders (the persons appearing on the registers) may not in fact be the persons who ultimately control an IBC and who benefit from the successes of the IBC. Anyone can also be appointed as a signatory to bank accounts bank signatories do not have to be directors or shareholders. Companies with turnover of more than US$ 3,750,000 are obligated to keep a Financial Summary along with the accounting records in Seychelles within six months from the financial year end. Once an order has been fulfilled, we generally we do not accept returns and we do not give refunds, except for our 180 day satisfaction guarantee. The FSA will inspect the file to ensure compliance before restoring the company to the register. We have a company in another country (not Seychelles). We need the IBC documents very urgently. Do the shareholders need to pay up a certain amount of share capital within a certain time frame? You may even have two groups of joint signatories with one joint signatory required from each group so that they control each other. The 2 types of companies are increasingly similar, but a domestic company still needs 2 directors instead of one (who must be individuals) and 2 shareholders instead of one. The declaration must be signed in front of a notary. Only the names of the directors are included in these documents. the people who receive dividends and other benefits from the shares, and who ultimately control the company based on their rights to appoint or remove directors, or approve changes to the companys constitutional documents. Any individual person over 18 years old may be appointed. Any civil proceedings in respect of an IBC may be heard by a Judge in Chambers. All in all, the Registered Agent performs several important legal functions, without which the IBC would not be able to legally exist. activities that you have not approved in the event that a third party such as an overseas intermediary or other connected person does not follow the instructions that you have set out. In Seychelles the business of corporate and trustee services providers is highly regulated. As of August 25, 2010, Telecom Seychelles Limited operates as a subsidiary of Bharti Airtel Ltd. digitGaps report on Telecom Seychelles Limited delivers a detailed in-depth and comprehensive insights of the company, its history, corporate strategy, its businesses and structures, and company operations by examining its performance in local market. Most often these are just some annual report forms and the annual government fee notices that get sent to the Registered Address. Call Now 24 Hrs./Day It will also let You enjoy competitive fees, as there are no middlemen! One year after strike, off it will be deemed to have been dissolved. For relatively minor issues you will be able to change to another agent. Professional directors are persons who are willing to be appointed and who are introduced to you by an intermediary or the Registered Agent. Business Activities Seychelles business tax is charged at 15% on the first million Seychelles Rupees of net income (profit), and 25% on the remainder. Offshore Banking For most IBCs a short statement comprising of three or four phrases would usually be sufficient to start with. Political Structure Discovery of the Islands is credited to the Portuguese explorer Vasco de Gama. You will in some circumstances but not all. They would also be able to get a copy of the certificate of incorporation, the memorandum and articles and any other documents filed publicly. An Annual Return in the form of a written declaration shall be furnished to Vistra (Seychelles) Limited by 31 December of each year after the year in which it was incorporated in the approved form signed by or on behalf of the company and containing the information referred to in the Sixth Schedule of the Seychelles International Business . An IBC should take steps to appoint a director as soon as possible. The main advantages are lower cost, higher availability of names, fast and reliable registration, order completion and delivery. Section 11(3) of the International Business Companies Act says No company shall be incorporated under this Act under a name that . We are convinced that tech development is the best way to make the world better, sustainable, smoother, safer - and more fun. You could also appoint an intermediary you know and trust such as your lawyers or accountants overseas (not in Seychelles) to manage your company. No requirement for a regular Annual General Meeting. Seychelles Limited Partnerships Offshore Company Management Bank Accounts Virtual Office Ready-made Companies Offshore intermediaries Other Jurisdictions Fees IBC Fees Seychelles Trust Fees Useful How to Register Offshore Knowledge Base Questions (F.A.Q) Downloads Terms & Conditions About us Contact Order Now Menu Home Services Seychelles IBC The Act provides for members special resolutions approved by at least two-thirds of the total voting membership. We have never used the IBC. ), Full range of Seychelles corporate services (filing dissolutions, restoration of struck off companies, obtaining Hague convention apostille, notarizations, attestations by embassies and consulates), We do not provide international tax advice or guidance you should obtain international tax advice before forming a company (but we may assist with obtaining Seychelles tax guidance or private rulings), We do not provide cross-border structuring solutions and assistance, We do not provide directors and nominee shareholders and authorized signatories to companies that are highly transactionally active (with many transactions) or with other high-risk factors (including Crypto-related), We do not accept clients from or with links to Iran, North Korea and any FATF blacklisted countries plus Syria, Afghanistan, Yemen, We do not provide services unless due diligence procedures have been completed and the risk profile is within acceptable levels, The help of local staff who know Seychelles requirements well, An easily contactable and responsive team, Simple value pricing (email us for our approved Price List), Frequent reminders for company renewals and compliance matters, Continuous effort to keep your information private and secure, Quick access by email request to copies of your documents in the Seychelles file (Coming in 2023: Client portal giving you secure access to your documents and information 24/7, as well as a secure document upload facility), A consular or embassy official from your consulate or embassy, A member of staff at a major international bank (with the banks stamp), A qualified lawyer or solicitor who is subjected to anti-money laundering regulations in a regulated jurisdiction and who can state a bar number, A qualified accountant or auditor who is subjected to anti-money laundering regulations in a regulated jurisdiction and who can state an international association membership reference. About Our Company | Luxury Yacht Charters | Charter Yacht SlipAway When a power of attorney is issued, the directors still retain responsibility, and professional directors will need to perform some checks before the appointment (usually before they accept the directorship appointment) and they will also need to perform checks later to find out what the attorney has been doing. The International Business Companies Act specifically recognizes the appointment of attorneys. The name and address of the Registered Agent are on public file in the Registrar of Companies, so this information is accessible to anyone who cares to ask. It can also be more challenging in some jurisdictions to open a bank account for a Seychelles IBC. Another option is to notify the registry that the IBC has ceased to trade or operate and will not resume any activity, which may prompt the Registrar to strike off the IBC. About Us | Fidelity Corporate Services | Seychelles Company In some circumstances, we may have to consult the beneficial owners particularly when there are professional directors and nominee shareholders, which can increase processing time.