Everything you need to know
Seychelles international business company
What is an international business company (IBC)?
Frequently asked questions
Under the International Business Companies Act, any individual, corporation, or business can establish an International Business Company (IBC) in the Seychelles.
The IBC benefits include flexibility in terms of corporate structure and zero share capital requirement.
In addition, a Seychelles IBC is a tax-free company that may be used for all types of international commerce.
- An IBC has an independent legal personality and possesses the same powers as a natural person.
- An IBC requires a minimum of only one shareholder, and one director, both of whom may be the same person.
- There is no requirement to have any local directors or shareholders.
- Foreign individuals or corporate bodies can be shareholders or directors of an IBC.
- Apart from the director, the company does not have to appoint any other officers.
- The shareholders and directors of an IBC may be individuals or corporations and of any nationality.
- There is no requirement for the shareholders or directors meetings to be held in the Seychelles and there is no requirement for a regular Annual General Meeting.
- Meetings can be held by telephone or other electronic means.
- Directors as well as shareholders may vote by proxy.
Flexible corporate structure
Details of the beneficial owner will not be made available to the public. The details of the beneficial owner (s) are not required to be filed with any Government office.
An IBC is not required to have any minimum paid-up capital in order to start its business operations in Seychelles. Any amount of authorized capital can be stated in the IBC formation documents, as required by the owners.
Are there restrictions on names for seychelles companies?
In Seychelles, there are restrictions on company names outlined in the International Business Companies Act. The name cannot be identical to the name of an already registered company or be too similar to it in order to avoid confusion. It should not suggest any connection with the government of Seychelles or any other country, nor should it be offensive, misleading, or contrary to public interest. Additionally, the use of certain words and phrases is prohibited, such as “Bank,” “Government,” “Parliament,” and others related to authority or regulation.
No, there are no minimum paid-up capital requirements for a Seychelles company. Shareholders can freely determine the amount of authorized capital in the formation documents. A Seychelles company can begin its business with any amount of capital or none at all.
Does a seychelles company need to have paid up capital?
Is it a requirement for an ibc to set up a fully operational office in the seychelles?
No, the only requirement is to have a "minimum local presence" in Seychelles, which includes a registered office and agent. IFZA offshore provides this service as a licensed Registered Agent for all companies we register and maintain.
- Minimum number of shareholders is one.
- Corporate shareholders are permissible.
- No Seychelles resident shareholder requirement.
- No public filing of shareholder details.
- No public access to shareholder details.
- Location of shareholders meetings can be anywhere.
- Shareholders may attend meetings via telephone or other electronic means.
- Accounts must be prepared but no requirements for filing with Authorities.
- Annual declaration as to accounting records and registers to be submitted to the Rengistered Agent only.
- Confirmation of location of accounting records to be submitted to the Rengistered Agent only.
For more information on how to set up your Seychelles international business company contact
Info@optimazone.com A foreign entity can be re-domiciled as a Seychelles IBC.
An IBC is required by law to have a Registered Agent in Seychelles.
The use of electronic signatures is permitted
- Minimum number of directors is one.
- Corporate directors are permissible.
- No Seychelles resident director requirement.
- No public filing of director details.
- No public access to director details.
- Location of directors meetings can be anywhere.
- Directors may attend meetings via telephone or other electronic means
- Standard authorised share capital is US$100,000.
- Standard minimum issued capital is US$1.
- The standard currency is the United States Dollar, but any other convertible currencies are permitted.
- Shares may be held by a nominee on behalf of the beneficial owner(s)
An IBC must maintain records of the following at their registered office:
- Register of Shares
- Register of Directors
- Company Officers
Can a seychelles company have a nominee director?
Yes, nominee directors are allowed. A nominee director, whether an individual or corporate entity, is listed as the company director to conceal the direct relationship between the beneficial owner and the company. This arrangement helps avoid assumptions that the beneficial owner is actively managing the company. Licensed registered agent firms can offer nominee director services as an optional paid service.
Yes, nominee shareholders are permitted. A nominee shareholder is an unrelated individual officially registered as the share holder to protect the actual owner's identity. Licensed registered agent firms can offer nominee shareholder services as an optional paid service. The engagement is formalized through a nominee services agreement, which confirms that the shares are held for the benefit of the beneficial owner, who directs the nominee in all related matters.
Can a seychelles company have a nominee shareholder?
Apostille certification is an international procedure that certifies official documents from one country for acceptance in another, established by the 1961 Hague Convention, which most countries adhere to, except for the UAE. For documents intended for use in the UAE, additional attestation at the UAE Embassy may be necessary. OptimaZone can facilitate the Apostille of documents from a Seychelles company and can also arrange for attestation by the UAE Embassy in Seychelles if required.
A Certificate of Good Standing (CGS) is an official document from the Registrar of Companies confirming that a company legally exists, meets all registration requirements, and has paid all government fees. OptimaZone can facilitate the issuance of a CGS.
What is a certificate of good standing?
Are customer due diligence (cdd) / know your customer (kyc) processes carried out on clients
All registered agents are required by Seychelles law to confirm the identity of their clients and to collect copies of identity and address documents. However, the beneficiary information remains only with the registered agent and does not enter the public record. There are serious criminal penalties for unlawful disclosure of client information.
Seychelles IBC companies must maintain internal accounting records to determine their financial position at any time, kept at their registered office in Seychelles. There’s no requirement to file financial information publicly or conduct audits if the company operates solely outside the country. Occasionally, the Seychelles Revenue Commission or Financial Intelligence Authority may request these records under limited circumstances.
Are seychelles companies required to keep financial records and books?
What is a proof of address?
Proof of address is an original document with a person's full name and address. Such documents include utility bills, bank statements, tax bills, and identification cards or driver's licenses if they contain an address and are provided with a passport.
Yes, the Seychelles International Business Companies Act allows foreign companies registered and in good standing in their home country to relocate and incorporate in Seychelles (called “Continuation”). However, such continuation must be authorized by the laws of the country where the foreign company is registered.
Can a company registered in another country transfer (or “migrate”) to the seychelles?
Do the owners of the offshore company have to sign the incorporation documents?
No. Before a new incorporation of OptimaZone as registered agent, all new clients must complete the OptimaZone questionnaire and agree to its standard terms and conditions. The incorporation documents (Articles of Association, Minutes of the first meeting and resolutions) are signed by OptimaZone as registered agent.
Yes, but the information needs to be available. OptimaZone needs to know general information about the type and location of the intended business of the Seychelles company for which it is acting as registered agent. Commercially sensitive information is not required.
Does OptimaZone need information on the intended business of a seychelles company?
No. In common with nearly all offshore jurisdictions, Seychelles companies can no longer issue bearer shares.
Are bearer shares allowed?
What information can be obtained from the registrar of companies in the seychelles?
Can another company own the shares in a seychelles company?
Yes, corporate shareholders are allowed. Corporate directors are also allowed
Only the company name, registration date, registration number, registered office address, and the Registered Agent's name are publicly available. Details of directors, shareholders, and beneficial owners are maintained solely by OptimaZone Offshore as the Registered Agent.