SOCIAL AND ECONOMIC
INDICATORS
Location: |
Indian Ocean,
240 miles east of Kenya. |
Area: |
Over 100
islands comprising 284 square miles. One third of the
population lives in Mahe, the capital. |
Population: |
80,469 (July
2003 est.) |
Capital: |
Victoria |
Climate: |
Tropical |
Official
Language: |
Selsewa,
but English is the official language for international
business |
Government: |
Constitutional Democracy. British Commonwealth Associate
Member. |
Living
Standard: |
High |
Legal
Tender: |
Seychelles
Rupee. With an exchange rate at around SR5.00 per US
Dollar. |
Industry: |
Tourism,
financial services and small industries. |
Uses of Seychelles International Business
Companies
Holder
of bank accounts, fixed deposits, investment plans and any other
financial or commercial title.
Owner
of the shares of other companies or legal entities.
Owner
of apartments, houses, buildings, vessels and any other movable or
immovable property or goods.
Manager
and promoter of business transactions.
Leasing
of vehicles, machinery, vessels and others.
Borrowing
or lending money, paying or receiving commissions’, royalties or
others.
Marketing
and promotion of products and services.
Other
commercial and financial activities.
Features of Seychelles International Business
Companies
BUSINESS TRANSACTIONS
-
IBC's may engage in
any lawful business in any country and
may carry on transactions in whatever
currencies they choose.
TAXATION
-
Full exemption from
taxation for any business activity or
transaction carried out outside
Seychelles.
AUTHORISED CAPITAL / SHARES
-
Nominative or bearer
shares at owner's option.
-
No paid-in capital is
required.
-
No minimum or maximum
capital requirements.
DIRECTORS, OFFICERS (SECRETARY) AND
SHAREHOLDERS
-
Shareholders,
directors and/or officers can be either
corporate entities or natural persons.
-
There is no
requirement to register initial or
ongoing changes in directors and/or
officers.
-
The directors may
grant special or general powers of
attorney.
-
Register of
Director(s) is optional and may be kept
anywhere in the world.
-
Companies are allowed
to have a sole director.
-
Neither the directors
nor the officers need be shareholders.
-
Shareholders,
directors and officers may be of any
nationality and may be resident of any
country.
-
Shareholders and
directors may hold their meetings in any
country and may attend such meetings by
proxy or by any electronic means (phone,
fax, etc).
ANNUAL FILING
-
No requirement to
file annual returns or financial
statements; no requirement to hold
annual general meetings of shareholders
or directors.
INCORPORATION AND ADMINISTRATION
-
Excellent
availability of company names for
incorporation.
-
Familiarity of
incorporation documents (Memorandum &
Articles of Association, Certificate of
Incorporation) because The Republic of
Seychelles belongs to the British
Commonwealth.
-
The words "Limited",
"Corporation", "Incorporated", "Société
Anonyme", or "Sociedad Anónima", or the
abbreviations "Ltd.", "Inc." or "S.A.",
may be used in a company's name.
-
Incorporation
documents may be drafted in Spanish or
any other language together with an
English or French translation."
-
Speedy incorporation
procedures and simple ongoing
administration.
-
Incorporation
procedure takes from 2
to 3 days.
-
Certificate of
Incorporation in 24 hours.
-
The Seychelles
Registry is equipped with modern
sophisticated computer equipment, which
heightens speed and efficiency in the
processing of documents in a timely
manner.
-
Shelf companies available.
RECORD KEEPING
-
The accounting books,
records and minutes of the company may
be kept in any place or country at the
directors' choice.
-
No requirement to
keep or file accounts.
REGISTERED OFFICE, CORPORATE SEAL AND
LEGALISATION
-
Registered office in
Seychelles is
required.
-
Corporate seal is
optional.
-
Use of Apostille
should documentation need to be
legalised. Legalisation via a Consulate
is also available for some countries.
REDOMICILIATION
-
Foreign companies can
be speedily redomiciled to
Seychelles.