Compliance

Authorised and Issued Share Capital.

Seychelles IBCs are normally incorporated with an authorised share capital of US$100,000 with par value. This being the maximum for the minimum licence fees.The authorised share capital may be expressed in any currency. The minimum issued capital is either one share of no par value or one share of par value.

Classes of Shares Permitted.

Registered shares, bearer shares, shares of no par value, preference shares, redeemable shares and shares with or without voting rights.

Taxation

An International Company is exempted from local taxation.

Licence Fees

For an Authorised Capital of up to US$100,000 the annual licence fee is US$100. Over US$100,000 Authorised Capital the annual licence fee is US$1,000.

Financial Statement Requirements

There is no requirement to file financial statements, but a company must keep records to reflect its financial position.

Directors

The minimum number of directors is one, who may be a natural person or a body corporate. They may be of any nationality and need not be resident in the Seychelles.

Company Secretary

A Seychelles IBC need not appoint a company secretary, although it is customary to do so. The secretary may be a natural person or body corporate, be of any nationality and need not be resident in the Seychelles.

Shareholders.

The minimum number of shareholders is one.

Other Facilities Available in Seychelles

In addition to a modern suite of corporate legislation the Seychelles benefits from a range of other facilities including:

Trust legislation.

Efficient aircraft and shipping registration.

Provision for the formation and domiciliation of mutual funds and captive insurance companies.

In Summary

The Seychelles is an International Trade Zone for manufacturing and service companies, benefiting from zero taxation, streamlined application procedures and the ready availability of work and resident permits.