INCORPORATION
SEYCHELLES
See also: LCG-Special-Website Seychelles
Company formation on Seychelles - IBC
| Company Type: | International Business Company (IBC); Shelf companies are common. |
| Name: | The company name can be in any language; however, an English or French translation must be included. The company name must have the ending "Limited" "Corporation", "Incorporated", "Société Anonyme", "Sociedad Anónima" or the abbreviation "Ltd.", "Inc." or "S.A.". |
| Capital: | No minimum capital; Standard capital 50 000 US$ (no obligation to pay up shares). |
| Shares: | Bearer shares and registered shares permitted. |
| Shares Index: | Yes |
| Registered Agent Requirement: | Yes; Must be resident. |
| Registered Headquarters: | Yes |
| Entry in the Public Register: | Yes; Entry in the company register. |
| Shareholders: | Minimum 1 |
| Directors: | Minimum of 1 natural or legal person of any nationality. |
| Incorporation Period: | 2 weeks |
| Disclosure of Beneficial Owner: | No |
| Disclosure of Shareholders: | No |
| Disclosure of Directors: | No |
| Trading Restrictions: | May not trade with residents of the Seychelles; may not own real estate in the Seychelles; may not be connected to the banking, insurance or real estate sectors; no fund management permitted. |
| Taxation: | IBC offshore business activities are completely tax free. Non-residents pay no taxes on dividends, interest, rental income or royalties. |
| State Tax Charges: | Taxation rates: - 100 US$ on share capital up to 5 000 US$ - 300 US$ on share capital between 5 000 and 50 000 US$ - 1 000 US$ on share capital above 50 000 US$ |
| Double Taxation Agreements: | Yes; no bearing on IBCs. |
| Financial Statements: | No |
| Tax Returns: | No |
| Accounting: | Not obligatory |
| Annual Reports: | No |
Acquisition Fees Seychelles (IBC)
| Shelf Company or new Incorporation Included: + Registration Fees (for standard authorized capital) + Standard Memorandum and Articles of Association + Certificate of Incorporation + Two Share Certificates + Nominee Shareholder + Share Register + Corporate Seal + General Power of Attorney + Registred Agent + Registered Office + Nominee Director | |
| TOTAL | 1380,00 Euros |
Annual Fees Seychelles (IBC)
| Included: + Annual License Fees (for standard authorized capital) + Shareholder Service / Nominee Shareholder + Registered Agent + Registered Office + Directorship service / Nominee Director + Company Management Services / Offshore Service + Professional Virtual Office in Berlin or Luxembourg (incl. address, phone and fax numbers, life call answering) | |
| TOTAL | 1890,00 Euros |
LCG International offers its services and manages the companies by LCG's Lawyers or Tax Consultants.
General Information
| Area: | 454 sq km |
| Capital: | Victoria |
| GDP per capita: | 8 980 US$ |
| Unemployment Rate: | 8,3% |
| Population: | 76 000 |
| Language: | English, French, Creole |
| Currency: | Seychelles Rupee |
| Rate of Inflation: | 1,4% |
| Political Risks: | None |
| Cost of Living: | Low |
| Communications: | Good |
| Residence Permit: | Limited. The annual cost of a work permit is 360 US$. Foreigners are not permitted to own real estate without state authorisation. |
| Legal System: | The civil law is based on the French Napoleon Code and is called the Civil Code. Criminal law is based on English Common Law. |
| Exchange Control: | No, not so long as the company operates from abroad only. |
| Patent Law: | Yes |