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Seychelles

Legal form:

IBC, LLC, LLP

Delivery:

3 days

Price: $

$1,250

Payment methods:

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Requirements:

Document checklist:

Local legal address (Handled by B2B Hub) 

1.Passport
2.Proof of Residence 

Registrar

Organization name

Seychelles Government

Abbreviation

Country

Seychelles

Phone

+248295500

Listing
UK comapny formation (1).webp

About

Seychelles

Capital
Official languages
Population 
Currency

ISO 4217

Victoria

French and English

98,347

Seychellois Rupee

SCR

FAQ

Frequently Asked Questions for Company Formation in Seychelles:


1. What is the process of company formation in Seychelles?

The process of company formation in Seychelles involves submitting the required documents to the Registrar of Companies and obtaining a business license from the Seychelles Licensing Authority.


2. What are the types of companies that can be formed in Seychelles?

Seychelles allows the formation of several types of companies, including International Business Companies (IBCs), Special License Companies (CSLs), Limited Liability Companies (LLCs), and Public Limited Companies (PLCs).


3. What is an International Business Company (IBC)?

An International Business Company (IBC) is a type of offshore company that is formed in Seychelles with the aim of conducting business activities outside Seychelles. IBCs enjoy tax exemptions on income and assets, and the details of the company's shareholders and directors are kept confidential.


4. What is a Special License Company (CSL)?

A Special License Company (CSL) is a company that is established in Seychelles and is subject to a special tax regime. CSLs are taxed at a reduced rate of 1.5% on their worldwide income and are required to maintain a physical presence in Seychelles.


5. What is a Limited Liability Company (LLC)?

A Limited Liability Company (LLC) is a company that provides limited liability protection to its shareholders. This means that the personal assets of the shareholders are protected in the event of company debts or liabilities. LLCs are popular among small and medium-sized businesses.


6. What is a Public Limited Company (PLC)?

A Public Limited Company (PLC) is a company that has its shares traded on the stock exchange. PLCs are required to comply with strict regulations and disclosure requirements.


7. What are the requirements for company formation in Seychelles?

The requirements for company formation in Seychelles include submitting the Articles of Association, Memorandum of Association, proof of address, and identification documents of the directors and shareholders. The company must also have a registered office in Seychelles.


8. What are the advantages of forming a company in Seychelles?

Seychelles offers several advantages for company formation, including a favorable tax regime, a stable political and economic environment, and a simple and efficient company registration process. Additionally, Seychelles has a good reputation as a financial services center.


9. What are the costs involved in forming a company in Seychelles?

The costs involved in forming a company in Seychelles depend on the type of company being formed and the services required. The costs may include registration fees, legal fees, and professional fees.


10. Can foreigners own a company in Seychelles?

Yes, foreigners can own a company in Seychelles. Seychelles allows 100% foreign ownership of companies, and there are no restrictions on the nationality of directors or shareholders.

Economy

The economy of Seychelles has been steadily growing over the past few years. According to the World Bank, the country’s GDP grew by 3.2% in 2019, and is projected to grow by 3.5% in 2020. This growth is largely driven by the tourism sector, which accounts for around 25% of the country’s GDP. The country also has a strong fishing industry, which contributes around 10% of the GDP. Additionally, the country has seen a rise in foreign direct investment, with the total FDI inflows reaching $1.2 billion in 2019. This has helped to create jobs and boost the economy. Overall, the economy of Seychelles is in a good position and is expected to continue to grow in the coming years.

Taxation

Seychelles is a small island nation located in the Indian Ocean. Here is a brief overview of the taxation system in Seychelles:


Corporate Taxation in Seychelles:

- Corporate tax rate is 25%

- Capital gains tax rate is also 25%

- Dividend income is not taxed


Personal Taxation in Seychelles:

- Personal income tax rates range from 0% to 33%, depending on income level

- Capital gains tax rate is 33%


Tax Payment and Calendar:

- The tax year in Seychelles runs from January 1 to December 31.

- Tax returns must be filed by March 31 of the year following the tax year.

- Corporate income tax payments are due quarterly, on the last day of the month following the end of the quarter.

- Individual income tax payments are made on a monthly basis, with the final payment due in April of the year following the tax year.


Taxpayers in Seychelles are required to keep detailed records of their income and expenses, and may be subject to audits by the tax authorities. Failure to comply with tax laws can result in penalties and fines.


Seychelles has also signed several tax treaties with other countries, including South Africa and Mauritius, which can impact the taxation of individuals and corporations with ties to those countries. It is always recommended to consult with a tax professional for personalized advice on tax matters in Seychelles.

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