SEYCHELLES IBC
GENERAL |
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| Type of the company | SEYCHELLES IBC | ||
| Common law or civil law | Common Law | ||
| Readymade company available | Yes | ||
| Non-English company allowed | Yes | ||
| Legislations | International Business Companies Act, 1994 | ||
SHARE HOLDERS & DIRECTORS |
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| Minimum number of shareholders or members | One | ||
| Minimum number of Directors | One | ||
| Director and shareholder can be same person | Yes | ||
| Corporate Director or individual Director | Yes | ||
| Corporate shareholder or individual shareholder | Yes | ||
LOCAL REQUIREMENTS |
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| Local Director required | No | ||
| Local shareholder required | No | ||
| Nominee Director | Allowed | ||
| Nominee shareholder | Allowed | ||
| Proxy Director | Allowed | ||
| Proxy shareholder | Allowed | ||
| Registered office required (local) | Yes | ||
| Registered agent required | Yes | ||
| Local or qualified company secretary required | No | ||
| Documents/records/information kept at registered office | Yes | ||
| Any other reporting requirements | None | ||
SHARES & CAPITAL REQUIREMENT |
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| Usual authorized capital | USD100,000 (standard) | ||
| Minimum paid-up share capital | USD1 | ||
| Standard currency of share capital | USD | ||
| Other permitted currency of capital | USD,EURO,GDP | ||
| Share with or without par value | Par Value | ||
| Share paid-up in cash or in consideration | Both Allowed | ||
| Registered share or bearer form | Both Allowed | ||
| Share can be issued in different classifications and forms | Yes | ||
| Stamp duty on transfer of share | Minimal (less than USD 25) | ||
CORPORATE BOOKS & RECORDS |
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| Maintenance of company books and records required | Yes | ||
| Place of maintenance of company books and records | In Seychelles + can be outside | ||
| Preparation of accounts required | No | ||
| Filing of accounts/financial statement required | No | ||
| Filing of annual return required | No | ||
| Register of shareholders required | Yes | ||
| Location of register of shareholder | Registered Office | ||
| Register of Directors required | Yes | ||
| Location of register of Directors | Registered Office | ||
| Language used for preparation of Books & records | English | ||
MEETINGS OF SHAREHOLDERS & DIRECTORS |
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| Board Meeting Required | Yes | ||
| Shareholder meeting Required | Yes | ||
| Place of board meeting | Anywhere | ||
| Place of share holder meeting | Anywhere | ||
| Meeting through telephone/electronics means | Yes | ||
| Minutes books of meeting required | Yes | ||
| Place of Minutes Books | Registered Office | ||
CONFIDENTIALITY & PRIVACY |
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| Publicly Accessible of records of Directors | No | ||
| Publicly Accessible of records of shareholders | No | ||
| Publicly Accessible of books of accounts and financial statements | No | ||
| Appearance of name/identity of shareholder and Director in the incorporation documents | Yes (but kept confidential) | ||
| Appearance of name/identity of shareholder and Director in the public records | No | ||
| Bank secrecy | Yes | ||
| Legislation regarding confidentiality and privacy | Yes | ||
| Money Laundering legislation | Yes | ||
MISCELLANEOUS |
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| Doing business with residents and companies allowed | No | ||
| Restrictions on carrying on any business activities outside offshore jurisdiction | Yes - financial services and similar activities are not allowed | ||
| Real Estate property can be owned in offshore jurisdiction | Yes | ||
| Voluntary winding up or winding up through court | Both allowed | ||
| Time frame for winding up | 1 Month | ||
| Any exchange control restrictions | No | ||
| Migration/Redomiciliation of companies to or from Seychelles | Yes to and from | ||
The above information is for guidance only and therefore the material contained herein should not be regarded, viewed or considered as an advice. You should contact your tax or professional adviser/s for appropriate detailed professional advice. We accept no liability for the accuracy of the information contained herein, nor any loss arising from reliance on it.
