Seychelles IBCs

 

Seychelles IBCs are international business companies incorporated under the International Business Companies Act 2016 as amended (the Act). The Act provides an attractive and comprehensive framework for use of Seychelles companies as a vehicle for doing business or holding investments worldwide.

Value & Speed

Competitive incorporation and annual fees payable to the Registrar.

Same or next day incorporations

Privacy & Asset Protection

Details of directors are filed with the Registrar but are not accessible to the public; details of shareholders and beneficial owners are not filed with the Registrar; an IBC is required to keep registers of its directors, members and beneficial owners at its registered office in Seychelles, which are not publicly accessible.

No Tax on Foreign Income

Seychelles has a territorial tax system such that a Seychelles resident, including an IBC, is liable for Seychelles tax on Seychelles-sourced income but not on foreign sourced income, i.e. foreign sourced income or profits made by an IBC are not taxable in Seychelles.

Ease of Operation

An IBC must have a minimum of one director and one shareholder, who may be a non-resident individual or company; there is no AGM requirement; meetings of directors and members may be held outside Seychelles, including by telephone or other electronic means.

Ease of administration

There is no requirement under the Act for an IBC to appoint an auditor or to prepare or file annual accounts (unless the IBC earns Seychelles sourced income), but an IBC is required to keep reliable accounting records.

Ease of Succession

No Seychelles court order or probate is required on the death of a foreign individual shareholder of an IBC (unless the deceased shareholder owned real estate in Seychelles)