Seychelles IBC Offshore Company Formation, and Online Offshore Incorporation in Seychelles: Opening an Offshore Banking Account in Republic of Seychelles

Seychelles Offshore IBC Company Name Registration & Starting Offshore Limited Company in Seychelles

Seychelles Offshore IBC Company Name Check, Seychelles Companies Formation - Small Offshore Business Companies Startup Advice

Seychelles Company Formations Agent - Companies Registrar New IBC Company & Seychelles Offshore Banking

ONLINE SEYCHELLES COMPANY FORMATION - INCORPORATE AN OFFSHORE COMPANY IN SEYCHELLES SAME DAY

An IBC is exempt from the provisions of the Seychelles Income Tax Act as are shareholders of an IBC if they are not resident in the Seychelles. An IBC is formed by filing a memorandum of association ("memorandum") and articles of associations ("Articles") with the Seychelles registrar of companies together with the requisite incorporation fee. The articles, which are similar to by-laws in the United States, must be filed simultaneously with the Memorandum which is similar to a US certificate of incorporation.

At Coddan we assist clients with this step of Seychelles business creation by reviewing the goals and individual facts of each situation to recommend the best entity - selecting from limited or general partnerships, limited companies, and the different elections or options available under each. We offer a quick, simple, and inexpensive way for anyone to form a company online. We hope that this site will help us towards achieving this aim and we would welcome any feedback which you may have.

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Our Seychelles offshore companies are formed as general trading companies. Because of their widely drawn memorandum and articles of association, they are able to conduct most kinds of business. Starting from just £510.00, we offer a range of packages designed to suit the varying requirements of our customers. Our Seychelles registrations typically take from between two and five days to effect, and include: our service charge, the government fee for incorporation, the first year's fees for a registered office address and registered agent are included in the price of this package. Upon incorporation of your Seychelles company, we will courier all of the company documents directly to you. THE FOLLOWING UPGRADES CAN BE ADDED TO OUR ECONOMY PACKAGE: 1. Nominee director service for 12 months - £270.00. 2. Nominee shareholders service for 12 months - £195.00. 3. Company pliers seals - £20.00. 4. Apostilled certificate of incorporation - £100.00. 5. Apostilled certificate of incumbency - £140.00. 6. Apostilled certificate of good standing - £140.00. 7. Certificate of tax exemption - £125.00. 8. A Seychelles domain name registration for one year - £99.00. Our Seychelles offshore companies are registered as general trading companies. Because of their widely drawn memorandum and articles of association, they are able to conduct most kinds of business. Starting from just £780.00, we offer a range of packages designed to suit the varying requirements of our customers. Our Seychelles incorporations typically take from between two and five days to effect, and include: our service charge, the government fee for incorporation, the first year's fees for a registered office address, registered agent and a nominee director are included in the price of this package. Upon registration of your Seychelles company, we will courier all of the company documents directly to you. THE FOLLOWING UPGRADES CAN BE ADDED TO OUR PREMIER PACKAGE: 1. Nominee shareholders service for 12 months - £195.00. 2. Company pliers seals - £20.00. 3. Apostilled certificate of incorporation - £100.00. 4. Apostilled certificate of incumbency - £140.00. 5. Apostilled certificate of good standing - £140.00. 6. Certificate of tax exemption - £125.00. 7. A Seychelles domain name registration for one year - £99.00. Our Seychelles offshore companies are sated-up as general trading companies. Because of their widely drawn memorandum and articles of association, they are able to conduct most kinds of business. Starting from just £930.00, we offer a range of packages designed to suit the varying requirements of our customers. Our Seychelles incorporations typically take from between two and five days to effect, and include: our service charge, the government fee for incorporation, the first year's fees for a registered office address, registered agent, a nominee director and a nominee shareholder are included in the price of this package. Upon formation of your Seychelles offshore company, we will courier all of the company documents directly to you. THE FOLLOWING UPGRADES CAN BE ADDED TO OUR DELUXE PACKAGE: 1. Company pliers seals - £20.00. 2. Apostilled certificate of incorporation - £100.00. 3. Apostilled certificate of incumbency - £140.00. 4. Apostilled certificate of good standing - £140.00. 5. Certificate of tax exemption - £125.00. 6. A Seychelles domain name registration for one year - £99.00 Monday - Friday: 9:30am to 18:00pm +44 (0) 207.935.5171 +44 (0) 800.081.1510 +44 (0) 141.530.8188 +44 (0) 289.099.8744 info@ukincorp.co.uk

The Seychelles comprises of a group of small islands situated in the Indian Ocean, to the north of Madagascar. The capital Victoria is located within Mahe, the main Island. The Seychelles is becoming one of the most attractive offshore financial international centres, due to the incentive laws implemented by its government. Investment Promotion Act was enacted in 1994 to encourage incoming investments.

Seychelles jurisdiction offers total confidentiality and anonymity and is recommended for high profile trading operations. It has excellent up-to-date telecommunications network and advanced professional and technological infrastructures. The Seychelles has two corporate statutes. The Companies Act (Cap. 40) (the "Companies Act") is, in it's original version, over 25 years old and resembles fairly closely the 1948 English Companies Act. It is used, for the most part, to incorporate companies to do business within the Seychelles.

The International Business Companies Act (Cap100A) (the IBC Act) was passed in 1994 and provides for the incorporation of the international business company, an offshore company which is used worldwide, not only for holding companies and investment companies but also to carry on business within other jurisdictions. This memorandum deals first, and in greater depth, with the international business company since it forms by far the greater number of incorporations in the Republic of Seychelles.

Seychelles Incorporation Benefits

 

• Incorporation fees are fixed for life. Even if the annual renewal fees are increased in the future, a company incorporated before such an increase came into effect will not be affected adversely;
• IBC pays no taxes in Seychelles other than the Government license fee;
• Annual reporting (accounting, auditing) not required for the Seychelles IBC's;
• Accounts need not be kept; however, if they are kept there is no requirement for an audit;
• No minimum or maximum capital requirements;
• Shares can be issued with or without par value;
• IBC's may engage in any lawful business in any country and may carry on transactions in whatever currencies they choose;
• Nominative or bearer shares, at owner's option;
• Bearer shares do not need to be paid up for issuance thereof;
• Only one shareholder and one director is required. Their particulars do not appear on public record. Moreover, we could provide nominees to maintain owner's confidentiality;
• Shareholders, directors and officers need not be resident in the Seychelles and there is no stipulation as to their nationality;
• Directors and/or officers can be either corporate entities or natural persons;
• There is no foreign exchange control;
• It takes only 24 hours to incorporate an offshore company in Seychelles and the fees are the lowest on the Internet;
• Speedy incorporation procedures and simple ongoing administration;
• Shareholders and directors meetings need not be held in the Seychelles, can be held by telephone, may attended by proxy;
• The memorandum and articles of association are the only documents to be held on the public record;
• There is no requirement to register initial or ongoing changes in directors and/or officers;
• IBC's may engage in any lawful business in any country and may carry on transactions in whatever currencies they choose;
• Not highlighted by OECD;
• Not yet widely perceived as a tax haven;
• Use of apostilles for international legalization of documents;
• Incorporation can be submitted in either English or French, or in another language if accompanied by English or French translation;
• The name of the company may be expressed in any language together with its translation into, or transliteration in English or French;
• Fee anniversary is 12 months from incorporation, not December 31st.

As your company formation agents, we can only act on information and instructions given to us. You should not assume that we have knowledge of any factual matters. All of the information contained on this web site is not meant to be advice, nor should it be followed. The information on this site pertains to U.K. law only and is offered as a public service. It is not intended to give legal advice about a specific legal problem, nor does it create an attorney-client relationship. We do not hold ourselves out as offering tax advice, although we do not hold ourselves out as experts in the laws of any foreign country.

If you order an offshore company we usually require to send us by fax, email (as attachments in PDF, GIF or JPEG format) or mail: copy of the passport (with photo, signature and personal data pages) of the beneficial owner of the company; copy of the passport (with photo, signature and personal data pages) of the individual who contacts us and places order with us if he is not the beneficial owner. Beneficial owner is the individual who benefits from ownership of a company regardless of who holds title.

The most versatile type of all offshore corporate entities available in Seychelles is the international business company, known as the IBC. It is very similar to the other widely known offshore corporate vehicles, notably the British Virgin Islands IBC. There are currently over 200,000 IBCs registered in Seychelles. The international business company is the most widely used vehicle for offshore operations in the Seychelles; it normally takes the form of a private company limited by shares, but can also be a limited life company. The governing legislation is the International Business Companies Act 1994.

Every Seychelles offshore company files a copy of its memorandum and articles of association, or "M&A" with the Seychelles Registrar of Companies upon incorporation. These documents can be extremely brief or very detailed, depends on the law in the particular jurisdiction and on the practices of the particular incorporation agent. These documents lay out all the general information about the company. Usually these documents describe the type of company, its address, operational objects, authorised capital, the procedure for appointing and dismissing directors and officers and their scope of competence and responsibility, the procedure of share allocation, how shareholder's meetings are called and the competence of such meetings and how it should be executed, the procedures of keeping accounts, liquidation and similar administrative matters that are characteristic to any corporate entity.

The memorandum and articles of an offshore company are usually signed by a person called "subscriber" or "incorporator". The subscriber is simply a person (or, more often, a dedicated company) closely associated with your offshore service provider. The subscriber essentially incorporates the company for you and acts as the first shareholder on your behalf. Otherwise you would have to travel to the offshore jurisdiction and sign the documentation personally. The subscriber usually subscribes for the legally acceptable minimum amount of shares in the company. After the registration of the company, the initial subscriber may remain registered on public file as the (nominee) shareholder, or the minimum amount of shares that he usually holds can be transferred to the actual client.

Seychelles Offshore Taxation

Company Formation Service

Offshore jurisdictions are often associated with large corporations and millionaires, but are in fact extremely well suited for small and medium businesses and individuals. Offshore companies adhere to the laws and regulations of the country in which they are situated. Coddan can help you set up a Seychelles offshore company in a very cost effective yet efficient manner and help you fully understand the many nuances associated with each offshore jurisdiction. Our services are completely legal and include the creation of various types of offshore corporate and trust vehicles for reasons like international trading, intellectual property activities, securities and property holding and financial and estate planning through trusts. Our focus is to integrate and combine various estate planning processes into an estate plan with sensible asset protection components. When used in connection with an offshore trust, an offshore corporation can become a very effective international financial or estate planning structure. Coddan helps you set up all major offshore structures such as companies, trusts, foundations, bank accounts, giving you full freedom, security & confidentiality within the legal framework. We cater to the needs of both individual and professional clients all across the globe. We can help you with: - Seychelles offshore company registration services Guidance and support in the smooth functioning of the business structure Maintenance of the incorporation Special licensing applications Specialist advisory on business & tax issues Provision of company management & administration services Preparation of corporate documentation, etc. Provision of the registered address, agent and residing secretary Provision of company management and administration services Offshore Seychelles bank account introductions Mail forwarding Preparation of corporate documentation General administration We are agile in business formation, integrating and influencing offshore business entities with new or already present asset-protection structures in all major offshore jurisdictions. Coddan CPM LTD grants you privacy and security, and wishes you success in your new venture. A meeting with one of our consultants is all that's required to start your offshore incorporation process.

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A Seychelles IBC is, by definition of the law, not subject to any tax or duty on income or profits. It is also exempt from stamp duties on transfer of property and any exchange controls. Essentially, a Seychelles IBC is a completely tax-free corporation, insofar as it complies with a few simple rules of operation. The law provides that all exemptions for a Seychelles IBC shall remain in force for a period of twenty years from the date of incorporation of an IBC.

Seychelles Offshore IBC' Shareholders

A minimum of one shareholder is required and either registered or bearer shares may be issued. No details of the shareholders appear on the public file but a register of shareholders must be kept at the registered office address of the company. Coddan could provide nominee shareholders. Bearer shares. A Seychelles IBC can be configured with bearer shares, although certain procedural restrictions towards use of bearer shares are expected to be introduced soon.

Offshore corporations, like onshore corporations, use shares to reflect their ownership. Shares are units representing a participation of a person in the company. Taking (or buying) a share in a company means simply that a person has agreed to invest some of his personal money or assets into the company. When he has done so, he acquires the right to participate in the profits and the decision-making process of that company in proportion to his share as in the total amount of the capital of the company.

Authorised and Issued Share Capital

Seychelles IBCs are normally incorporated with an authorised share capital of $5,000 with par value. This being the maximum for the minimum capital duty payable at the time of incorporation and annually thereafter. The authorised share capital maybe expressed in any currency. The minimum issued capital is either one share of no par value or one share of par value.

Offshore Seychelles IBC' Directors

A minimum of one director is required. The director does not need to be a shareholder. In addition, corporate and non-resident directors are permitted. Details of the directors are not required to appear on the public file. Coddan could provide nominee directors. The company directors may sometimes appoint managers or attorneys of the company, granting them certain powers to manage the affairs of the company. The manager may, for example, have a signing authority on a bank or securities account, or the powers to negotiate certain types of contracts for the company or do anything else that may be written in his power of attorney.

Seychelles Offhore IBC' Reporting Requiriments

An IBC is not required to file any financial reports or tax returns. In addition, the books and records may be maintained in any manner desired and in any part of the world.

Seychelles Restrictions on Name and Activity

Names must end with one of the following words, or abbreviations thereof - "Limited", "Corporation", "Incorporated", "Societe Anonyme" or their abbreviations. Other suffixes such as B.V. GmbH, SARL may also be used. The name can be in any language, but must be accompanied by a translation. The documentation will either be in English, or it is possible to have bilingual documentation in English and Chinese. The following words, and their associated activities, cannot be used: Assurance, Bank, Building Society, Chamber of Commerce, Chartered, Cooperative, Imperial, Insurance, Municipal, Royal, Imperial and Trust.

Seychelles Offshore Company Local Requirements

The local company law requires that an IBC maintain a registered office address within Seychelles and must also appoint a Seychelles resident as registered agent.

Seychelles Offshore Legal Secrecy

There are no specific statutory provisions governing secrecy in relation to companies.

Documents Download »
Seychelles International Business Companies Act, 1994 (as amended, 2000) (548Kb RTF file)
Seychelles Limited Partnerships Act, 2003 (90Kb RTF file)
Seychelles Protected Cell Companies Act, 2003 (220Kb RTF file)
Seychelles Companies (Special Licences) Act, 2003 (91Kb RTF file)
Seychelles International Trust Act, 1994 (as amended, 2000) (147Kb RTF file)

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Our hours of operation are posted on the contact page at all times. Telephone and Live Chat assistance is only available during business hours.

Opening Hours:

Monday - Friday: 9:30 a.m. to 18:00 p.m.
Saturday: offices are closed
Sunday: offices are closed
Holidays: offices are closed on all recognised UK holidays.

Dear customers, ladies and gentlemen, while having a chat session with our visitors, we are frequently requested to give an advice on tax planning or business structuring, and we would like to inform you that it is against our principles to provide an online free advice pertaining to these issues.

The points and tips that can be covered during a chat session include: our packages, services description and charges, legal requirements to start-up a business offshore, bank account arrangements, trademark registration, post incorporation services, notaries, consulate or apostille legalisation and other authentication services, documentation preparation and filing, mail forwarding overseas, telephone, fax and virtual office facilities, bookkeeping and accounting services, offshore incorporation service, ways to place an order, methods of payment etc.

If you wish us to provide you an advice or recommendations on tax savings and tax minimisation, or corporate business structuring methods, you should be aware that this service has chargeable elements.

Money and Payment Policy

 
Coddan accepts all major currencies; we accept Visa, Visa Electron, Visa Purchasing, JCB, MasterCard, Maestro, Solo, and Delta, we also accept cheques (may be held 10 days to clear), postal orders or cash deposit, and bank transfers from anywhere to our UK and USA bank accounts. After you place an order, details about the banking transfer will be e-mailed to you on the second e-mail notification. If you missed that e-mail, please call our phone number that is given on the order confirmation. The customer is responsible for the reimbursement of any bank wire transfer payments.

Our credit card payment processing is by WorldPay - an important part of The Royal Bank of Scotland Group, the 5th biggest banking group in the world. We do not charge surcharges for the debit and credit card transactions. Credit or debit card payment is now authorised online in real time. You will be informed immediately if your credit or debit card is declined. If declined, you may check the accuracy of the card number and expiration date, or choose a different card to try.

We need to receive a payment before we can proceed with a new company formation. For regular or corporate clients, we can open a professional credit account. However, this benefit cannot be provided to a new customer, who never placed orders with us.

If you do not feel comfortable transmitting your credit card details on the Internet, we suggest you place an order online, choose the option "Credit Card via the Phone" as the payment method, and then phone in to give us your credit card number over the phone. We will charge your credit card manually. We can also accept credit or debit card payments by fax, to do so, we will e-mail you a credit or debit card authorisation form, and you will need to print out the form, complete the details by hand and send it to us by fax to: + 44 (0) 207.681.3318.
More information about how to incorporate in Seychelles: click here to read more about how to incorporate in Seychelles