Seychelles

Our company is a licensed registered agent in Seychelles and has licenses for international corporate, trustee and foundation services (more information).

General information

  • Seychelles is a group of islands in the Indian Ocean to the east of Africa. The largest island is Mahe. The Republic of Seychelles is an independent state (since 1976), a member of the Commonwealth. The capital is Victoria. Official languages are French, Seychellois Creole, English. The national currency is the Seychellois rupee (SCR).
  • The legal system of Seychelles combines the elements of English Common Law and French Civil Law. The Constitution of 1993 is in force.
  • Key sectors of economy are international tourism (the country has regular air communication with the UAE and the SAR), commercial fishery. Substantial share belongs to international corporate and financial services.
  • Seychelles is one of the popular tax free jurisdictions in the East African region. Seychelles companies are widely used in international business.
  • Registration of private foundations and international trusts is available along with international business companies.
  • The Financial Services Authority (FSA) is the state regulator.

Key features of Seychelles international business companies (IBC)

  • Status, creation and business of Seychelles IBCs are governed by the International Business Companies Act, 2016.
  • IBCs may engage in any legal business outside of Seychelles.
  • The IBCs are exempt from local taxes. The only levy compulsory for payment is the annual fee.
  • The companies are not required to file accounts and auditor’s reports with the state authorities. However, there are requirements for keeping corporate and accounting records.
  • The law allows conversion of international business company into an ordinary (local) company and vice versa.
  • The law also provides the option for continuation of a foreign company in Seychelles as an IBC (re-domiciliation).

Confidentiality and international information exchange

  • Details of shareholders and beneficial owners are not subject to disclosure. Normally such information is available to registered agent only.
  • Seychelles participate in the Convention on Mutual Administrative Assistance in Tax Matters as amended by the Protocol 2010 (entered into force from 1 October 2015) and the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information (the intended time of the first exchange is September 2017).
  • As on the beginning of 2017 Seychelles participate in bilateral tax information exchange agreements (TIEA) with the following countries and territories: Denmark, the Faroes, Finland, Greenland, India, Iceland, Netherlands, Norway, Sweden, Switzerland.
  • Seychelles also participate in agreements for avoidance of double taxation (not applicable to IBCs) with the following countries and territories: Bahrain, Barbados, Bermuda, Botswana, China, Cyprus, Ethiopia, Guernsey, Indonesia, Isle of Man, Jersey, Kenya, Luxembourg, Malaysia, Mauritius, Monaco, Oman, Qatar, SAR, San Marino, Singapore, Swaziland, Thailand, the UAE, Vietnam, Zambia, Zimbabwe.

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