Seychelles is an independent republic stretching over an archipelago of 115 islands in the western Indian Ocean, east of mainland East Africa. It is one of the most popular and fastest growing international jurisdictions with a stable political system and quite a unique hybrid legal system combining Civil Law and Common Law. It prides itself in offering exemplary formation services and having a very efficient and investor friendly regulations with no public access to company records making it a jurisdiction of choice for many business models.

There are two types of companies that can be registered in the Republic of Seychelles – the highly demanded, tax-free International Business Company (IBC) and the low-tax Special License Company (CSL). A Seychelles IBC is entirely exempt from taxes, has no obligation to file accounts or annual returns and does not hold records of company owners or directors on public record, it can however be assigned a tax identification number, giving it a major advantage when it comes to bank account opening and compliance. More so, a Seychelles IBC can be incorporated in a single day with one the world’s most competitive incorporation fees. Unlike the IBC, a Seychelles CSL is considered to be a tax resident of Seychelles and is subject to a 1.5% tax on worldwide income. It can also benefit from over 45 double tax treaties and is not blacklisted as it classified as a low-tax company with the requirement of filing annual audited financial statements. CSLs are regulated by the Seychelles Companies Act 2003 and do have some restrictions in relation to the field of business activity. However, aside from being a prescribed entity to operate under the Seychelles International Trade Zone License, a Seychelles CSL can be an excellent instrument for investment, offshore insurance and intellectual property holding companies.

Corporate Features of a Seychelles IBC and CSL

Our firm can assist you with the incorporation of any legal entity in Seychelles, offer administration and management services including nominee shareholder services for additional confidentiality as well as accounting and preparation of financial statements. Furthermore, we can help you with your bank account opening in any international financial institution and assist with the preparation of a solid due diligence portfolio. For any enquires or further clarifications, please feel free to contact us at any time and our corporate team will promptly address your request.