SEYCHELLES - offshore company formation

Seychelles are situated in the Indian Ocean southward of equator with total territory of 176 sq miles and population about 78 000 people. There are three official languages: English, French and local Creole. National currency of Seychelles is Seychelles rupee. 1 USD=6.50 SCR.

The vast majority of companies formed in the Seychelles for offshore purposes are incorporated under the International Business Companies Act 1994.
However this law did not supersede the existing Companies Law 1942, which is based on English law and is used to form various types of company used by businesses trading in the Seychelles, and also for offshore businesses which are not permitted to use the IBC form, such as banks, insurance companies and mutual funds.

 
Companies formed under the Companies Act 1942 can be private companies limited by shares, by guarantee, or hybrid; or they can be unlimited, but that is rare. Public companies can also be formed under the Act. 

IBCs are permitted various activities within the Seychelles without compromising their offshore status under the Act; these include:

• professional contacts with lawyers, accountants etc.;
• preparation and maintenance of books and records;
• the holding of directors' or shareholders' meetings;
• ownership of shares in other Seychelles companies, whether under the Act or the 1942 Companies Law;
• ownership of Government or Central Bank securities;
• ownership of a vessel registered in Seychelles.

SEYCHELLES INTERNATIONAL BUSINESS COMPANY FEES STRUCTURE

I. THE BASIC SET OF SERVICES AND DOCUMENTS: US$ 800

The set includes the applicable Minimal Government Registration Fee, a current year Registered Agent and Registered Office Fee , Certificate of Incorporation, Memorandum & Articles of Association, Minutes with Appointment of Initial director(s), Share Certificates.
 
II. OPTIONAL SERVICES

Legalization by Apostille (recommended): US$ 190

Note. Seychelles is a signatory to the Le Hague Convention of October 25, 1961, and therefore the documents of the company can be authenticated via Apostille and automatically legalized in all countries having signed the convention. So, there is no need to provide expensive and time consuming legalization in consular establishments when you are opening bank accounts, setting up a branch, purchasing a real estate property, etc.

US$ 150 per document for each extra copy of Certificate of Good Standing , Certificate of Incumbency , Certificate of Incorporation , Certificate of Formation ,  Memorandum & Articles of Association, Articles of Incorporation, or By-laws.

Certificate of Good Standing with Apostille: US$ 250

Nominee Director's Package: US$ 650

The Nominee Director's Package consists of nominee director's services and general power of attorney authenticated by apostille for one year.
Note. Using the General Power of Attorney you would be able to sign contracts, open, manage, and close bank accounts and generally do all things what the company director would do.

Full Nominees' Package: US$ 1,200

The package consists of the Nominee Director's Package (see above) and a Nominee Shareholder services.

Virtual Office services:

Mail and fax forwarding.  Service fee US$ 450 per year + deposit US$ 100 for handling charges.

Document re-mailing.  Service fee US$ 790 per year + deposit US$ 100 for handling charges.

Telephone confirmation.  Service fee US$ 790 per year + deposit US$ 100 for handling charges.

 
COMBINATION OF SERVICES

Mail and fax forwarding + document re-mailing: US$ 1050 per year + deposit US$ 200 for handling charges.
Mail and fax forwarding + telephone confirmation: US$ 1050 per year + deposit US$ 200 for handling charges.
All three services: US$ 1650 per year + deposit US$ 200 for handling charges.

IMPORTANT NOTES

We reserve the right to change fees without notice.
The payment options are: wire transfer.

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Asset Protection s.r.o. is not a law firm and does not provide legal advices or legal services. We recommended to consult licensed professionals with regards to local tax and legal matters.