Seychelles
NEWS
FACT FILE
Location Indian Ocean.
Time Zone Greenwich Mean Time +4.
Population 90,945
Capital Victoria.
Airport Seychelles International Airport.
Language English, French, Creole.
Currency Seychelles rupee.
Dialing Code +248.
Centre's Expertise International Business Company (IBC) Companies (Special Licence) (CSL).
Political System Seychelles is an independent republic, a multi-party democracy and a member of the Commonwealth.
Legal System Based on English Common Law and French Civil Law.
Personal Income Tax 15% for Seychellois employees and 15% for non-Seychellois employees.
Corporate Income Tax IBC: exempt. CSL: 1.5% of worldwide taxable income.
Exchange Restrictions None.
Tax Treaties For full details, please go to www.ifcreview.com/TIEA
Permitted Currencies All major convertible currencies.
Minimum Authorised Capital IBC: US$1. CSL: No minimum.
Minimum Share Issues IBC: US$1. CSL: At least 10% of all the shares the company may issue.
Shelf Companies IBC: Yes. CSL: No.
Incorporation Time Scale IBC within 24 hours; CSL within 2-3 weels
Incorporation Fees IBC: US$100. CSL: US$1,200.
Annual Fees IBC: US$100. CSL: US$1,000.
Minimum Number IBC: one. CSL: two.
Residency Requirements IBC: no. CSL: no.
Corporate Directors IBC: yes. CSL: no.
Meetings/Frequency IBC: worldwide and no minimum. CSL: worldwide and no minimum.
Disclosure IBC: To service providers. CSL: To servies providers & the Authority.
Bearer Shares IBC: no. CSL: no.
Minimum Number IBC: one. CSL: two.
Public Share Registry IBC: no. CSL: no.
Meetings Frequency IBC: worldwide (no AGM requirement). CSL: worldwide (annual AGM).
Annual Return IBC: yes. CSL: yes.
Audit Requirements IBC: no. CSL: yes.
Registered Office IBC: yes. CSL: yes
Domicile Issues IBC: tax non-resident. CSL: tax resident.
Company Naming Restrictions In line with global norms, prohibited words include, for example, ‘bank’, ‘building society’, and the registry has discretion to reject names that are indecent, offensive, or misleading, etc.
ARTICLES
If it quacks like a duck?…The classification and duties of non-trustee power-holders
  With reserved powers legislation available in most offshore jurisdictions, Ashley Fife examines the difficulties regarding the categorisation of powers held by a person other than a trustee as either fiduciary or non-fiduciary. (01/01/2016)
The Seychelles Vision
  Rupert Simeon examines the great strides the Seychelles is making to comply with international transparency standards. (01/05/2014)
A New Strategy Secures Seychelles’ Future
  Malcolm Moller highlights how the recent changes to the Seychelles international business companies act have set the framework for future success for the jurisdiction. (01/04/2014)
Seychelles: Ready for the ‘Africa Century’
  The financial sector of Seychelles is in an enviable position to benefit from the predicted growth in Africa, as explained by Bobby Brantley. (01/01/2013)
Seychelles Foundations: Preserving Global Wealth
  Simon Mitchell, examines the Seychelles foundations regime and just why they are attracting so much interest for global wealth preservation. (01/10/2012)
Seychelles Flaunts its International Appeal
  Conrad Benoiton highlights the importance of choosing the right location for conducting business and examines the advantages of the Seychelles as an African trade hub. (01/03/2012)
Foreign Investments Gateways In Africa
  Malcolm Moller outlines the growth potential for Africa, especially at the hands of chinese investors and assesses what role IFCs will play in the future growth of the continent (01/01/2012)
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FURTHER BACKGROUND INFORMATION
  Seychelles Tax Treaties
  Seychelles currently has 26 DTCs and 9 TIEA agreements in place.s - read more...
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