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Readymade Seychelles Companies
ACME LTD £750
BUSINESS CONSULTING LTD £750
BUSINESS PARTNERS LTD £750
BUSINESS SERVICES LTD £750
COMMERCE SERVICES LTD £750
EURO PROPERTIES LTD £750
EUROPEAN COMMERCE LTD £750
INTER MANAGEMENT LTD £750
MANAGEMENT SERVICES LTD £750
MARKETING SERVICES LTD £750
MEDIA CONSULTING LTD £750
TRADE ASSOCIATES LTD £750
TRADE CONSULTING LTD £750
INTERNATIONAL COMMERCE LTD £750
EURO ASSOCIATES LTD £750
MEDIA SERVICES LTD £750
CIRCLE LTD £750
DIGIT LTD £750
DIGITAL LTD £750
EURO MEDIA LTD £750
ALLIED LTD £750
FISCAL LTD £750
E WORKS LTD £750
E CONSULTING LTD £750
FIRST DEVELOPMENTS LTD £750
COMMERCIAL VENTURES LTD £750
PARIS LTD £750
PRIMARY LTD £750
RED LTD £750
GREEN LTD £750
ASTUTE LTD £750
LINK LTD £750
PLAY LTD £900
SOLUTIONS LTD £900
LOGIC LTD £900
E SERVICES LTD £900
EURO COMMERCE LTD £900
MANAGEMENT CONSULTING LTD £900
TELCOMS LTD £900
COMMERCE INTERNATIONAL LTD £900
E TRADE LTD £900
BYTE LTD £900
CONSULTING LTD £900
BLUE LTD £900
CASINO LTD £1500
TRADE LTD £1500
E COMMERCE LTD £1500
POKER LTD £2000
MEDIA LTD £2000
FINANCE LTD £2500
COMMERCE LTD £2500
NATIONAL LTD £2500
SOFTWARE LTD £2500
NET LTD £5000
WEB LTD £7500
BUSINESS LTD £10000

 

The Seychelles is an offshore group on islands, used for incorporating International Business Companies, IBC.

Following is some useful information on company formation in the Seychelles:

 

 

 

 

MOST COMMON REASONS FOR SELECTING SEYCHELLES:

  • Tax exempt status i.e. zero taxation rate
  • Minimal ongoing compliance requirements
  • Administrative and maintenance ease
  • Confidentiality and Secrecy of company details
  • Asset protection
  • Flexible company law
  • Ease of conducting international business activities
  • Diverse investment opportunities
  • Political & economical stability

 

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SEYCHELLES IBCs:

IBCs are international business companies incorporated under the International Business Corporation Act, 1994.

This act enables for the establishment of tax exempted offshore companies having minimal compliance requirements and completes confidentiality of details.

According to this incorporation act, the following restrictions are applicable to IBCs:

  • An IBC is not allowed to carry on any business activities with the residents of Seychelles.
  • IBC can not own real estate in Seychelles.
  • Can not provide Registered Address or Registered Agent services to other companies incorporated in Seychelles
  • IBC is not allowed to conduct a Banking, Trust, Insurance, Reinsurance and company management business, unless it is licensed to do so under the relevant laws.

An IBC is allowed to conduct the following activities:

  • Open and maintain Seychelles based bank accounts
  • Maintain company registers, books and records within Seychelles
  • Establish professional contacts with attorneys, accountants, consultants, advisors and other similar individuals or companies
  • Hold directors' or shareholders' meetings in Seychelles
  • Lease real estate
  • Take property on rent to use as an office
  • Hold shares of another Seychelles Company
  • It can hold bonds, treasury bills and other securities issued by the Seychelles government
  • Own a Seychelles registered Vessel or air craft
  • Shares of Seychelles IBC can be held by a Seychelles resident

 

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REQUIREMENTS FOR INCORPORATION:

In order to incorporate an IBC in Seychelles, you need to fulfill the following three requirements:

  • You need to have at least one person who can act as company director and shareholder at the same time.
  • You need to have a registered agent / local agent in Seychelles to represent your business.
  • You need to have a registered address in Seychelles which is also used as the address for the registered agent
  • A Seychelles IBC must have a common company seal and its imprint has to be kept at the registered office of the IBC

Our offshore package fulfills the last three requirements, i.e. we provide you with registered address, local agent and company seal. There is no extra cost for these services. These are included in the package fee of £750.00

Company's Certificate of Incorporation, Articles and Memorandum of association are the only documents which are to be submitted to the Companies Registry.

A copy of company's share register is to be kept at company's registered office.

There is no need to mention directors' or shareholders' identity in these documents. No other personal information is required by incorporation authorities for incorporation.

You do not need to report any changes in your company details to Companies Registry once your company is incorporated, i.e. no ongoing compliance requirements.

 

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LEGISLATIVE LANGUAGE:

Incorporation documents must be in English or French. These documents can also be prepared in any other language but an English or French translation must be attached to these documents.

 

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NAMING THE IBC:

Following is an overview of different considerations for naming a Seychelles IBC:

Language of Name:

As mentioned above the official languages are English and French. Company name can be in any language but an English or French translation must be attached with the company name to make sure that it does not contain any sensitive, offensive or restricted word in it.

Name Restrictions:

Any name that is identical or very similar to an existing company name can not be used for incorporation.

Similarly any name that requires approval of the Royal Family or Seychelles government or any other government is also restricted. You need to attach a letter of approval with your incorporation documents to get this company name incorporated.

Suffixes that can be added to the company name to show limited liability:

One of the following suffixes must be added to the company name to show that this is a limited liability company.

  • Limited or Ltd)
  • Corporation or Corp.
  • Incorporated or Inc.
  • Société Anonyme or Sociedad Anonima or S.A.
  • Public Limited Company or PLC
  • Société à Responsabilité Limitée or S.àr.l
  • Berhad or Bhd
  • Proprietary or Pty
  • Namloze Vennootschap or N.V
  • Besloten Vennootschap or B.V
  • Aktiengesellschaft or A.G.
  • Limited Life Company or LLC
  • Spolecnost s. rvcenin omezenym or S.R.O.
  • Limita or LTDA.
  • Compagnie or CIE
  • Company or CO.
  • Società per Azioni or S.P.A. Societè par action or S.a.r.l.
  • Részvény Társaság or (R.T.)
  • Osakkeyhtiä or Oy
  • Részvénytársaság or Rt
  • Akciová spole nost or Akciová spolo nos or a.s.
  • Dioni ko društvo or d.d.
  • Delniska druzba or D.D.
  • Aktsionernoye Obschestvo or A.O.
  • Osakeyhtiö or OY
  • Anstalt or Est
  • Gesellschaft mit beschränkter Haftung or GmbH
  • Anpartsselskab or ApS
  • Aktieselskab or A/S
  • Società a responsabilità Limitada or S.r.l.
  • Sociedad Limitada or S.L.
  • Spóka Akcyjna or S.A
  • Spólka z organiczon odpowiezialno co or Sp.z
  • Private limited company or o.o.
  • Close Corporation or CC
  • (Proprietary) Limited or ((Pty)Ltd
  • Eteria periorismenis efthynis or E.P.E.
  • Societe, a Responosabilité Limitée or S.A.R.L.

Names in Chinese characters can also be incorporated.

Names requiring License or Approval:

Following is a list of those names for which either a license or a written permission is required:

  • Assurance
  • Bank
  • Building Society
  • Chamber of Commerce
  • Trust
  • Chartered
  • Cooperative
  • Imperial
  • Insurance
  • Reinsurance
  • Surety
  • Casualty
  • Indemnity
  • Guarantee
  • Municipal
  • Foundation
  • Trust Corporation
  • Trustee Company
  • Trustee
  • Savings
  • Savings and Loan
  • Underwriting

Foreign language equivalents of these names also need license or approval.

 

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ANNUAL COST:

Using our company formation services your annual cost would be £500.00 and this cost includes the following:

  • Registered Agent Fee
  • Registered Address Fee
  • Annual License Fee

 

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COMPANY'S SHARE CAPITAL:

Authorized Share Capital:

There is no minimum or maximum share capital requirement. We can get your company incorporated with even 1 share.

The local currency of BVI is Seychelles Rupee; however, your share capital can be in any currency or in more than one currency. The standard currencies which are usually used for incorporation are US Dollars and Pound Sterling.

Issued Share Capital:

There is no issued capital requirement. It is not necessary to issue shares unless it is decided by the directors. However, once issued, these should be paid in full amount. Shares can be issued for considerations other than cash such as services, properties, shares of another company etc.

Your minimum issued capital can be only one share with or without a par value.
Payment of minimum issued capital is not required, however if you pay, your minimum paid in capital can be one fully paid share.

Company can buy back or redeem its own shares. These shares can be cancelled or kept as treasury shares.

Classes of Shares:

An IBC can have the following types of shares:

  • Registered Shares
  • Bearer Shares
  • Shares of No Par Value
  • Redeemable Shares
  • Preference Shares
  • Shares with or without Voting Rights

 

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COMPANY DIRECTORS:

  • Only one director is required.
  • Both individuals and companies can act as a director.
  • There are no nationality or residence restrictions for directors.
  • There is no requirement to hire any resident director.
  • There is no need to maintain publicly accessible records of directors.
  • Directors meetings can be held anywhere in the world whenever required.

 

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COMPANY SECRETARY:

  • Only one company secretary is required who can be an individual or a company.
  • There are no nationality or residence restrictions for the company secretary.
  • Appointment of a company secretary is optional.
  • There is no requirement to appoint any resident secretary.

 

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COMPANY SHAREHOLDER:

  • Only one shareholder is required.
  • This can be an individual or a company.
  • There are no nationality or residence restrictions for company shareholders.
  • There is no requirement to have any resident or local shareholders.
  • Residents of Seychelles can hold shares of a Seychelles IBC.
  • There is no need to maintain publicly accessible records of shareholders; however a register of shares has to be kept at company's registered office which is not publicly accessible.
  • Shareholders meetings can be held anywhere in the world whenever required.

 

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COMPANY MEETINGS:

  • IBCs are not required to hold an Annual General Meeting.
  • It is also not required to hold directors or shareholders meetings on a regular basis.
  • Board meetings can be held anywhere in the world. There is no such requirement to carry out these meeting in Seychelles.
  • Meetings can be conducted through telephone or other electronic means.

 

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REPORTING REQUIREMENTS:

Reporting requirements in BVI are extremely lenient.

  • An IBC is not requited to prepare financial statements or company accounts.
  • There is no need to hire any auditors.
  • Only those accounts or records which are considered necessary by the company directors for their own use need to be maintained and these can be kept anywhere in the world. These accounts and records are not publicly accessible.
  • There is no need to file annual returns for an IBC.
  • It is also not required to maintain registers of directors or officers. If you wish you can prepare these registers which can be placed at company's registered address location at your own discretion. However, it is required to maintain a register of shareholders which is kept at the registered office.

 

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TAXATION LAWS:

International Business Companies are exempt from all provisions of the Seychelles Income Tax Act.

There is no withholding tax, capital gains tax, capital transfer, estate duty, inheritance tax or corporation tax.

Non-residents of BVI are exempt from the income tax payable on dividends, interest, rents, royalties, compensations and other amounts which are paid to the person by the IBC.

 

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FOREIGN EXCHANGE CONTROL:

There are no foreign exchange controls in Seychelles and funds can be moved easily. There is no restriction in this regard.

 

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DOUBLE TAXATION TREATIES:

The Seychelles has Double taxation China, South Africa and Indonesia. Double taxation treaties with Thailand and Zimbabwe have also been signed but not yet ratified and implemented.

 

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BENEFICAL OWNERS:

  • It is allowed to have beneficial owners in the Seychelles.
  • There is no need to disclose their identity and to maintain publicly accessible records.
  • Shares can be held by a nominee shareholder on behalf of a beneficial owner.

 

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APOSTILLE:

An apostille is required whenever you need to legalise your documents.

 

 

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ADVANATGES OF COMPANY FORMATION IN SEYCHELLES:

  • Tax efficiency
  • No withholding tax, capital gains tax, capital transfer, estate duty, inheritance tax or corporation tax.
  • All dividends, interest, royalties, rents, compensations and other amounts are exempt from the payments of income tax
  • Minimal ongoing compliance requirements
  • The information of directors, officers, shareholders and beneficial owners is kept confidential.
  • Only one shareholder is required
  • Only one director is required
  • The sole director can also act as the shareholder
  • No nationality or residence restrictions for company directors, secretary or shareholders
  • Companies and individuals both can act as company directors, secretary and shareholders
  • Beneficial owners are allowed
  • Board meetings can be held anywhere in the world
  • No requirement to carry out an annual general meeting
  • Meetings can be held using telephone or other electronic means
  • No need to file annual returns
  • No need to prepare and submit accounts and to hire auditors
  • Books and records of the company can be maintained anywhere in the world
  • No need to get the shares book or the minutes of meeting certified by any authority
  • No minimum or maximum share capital requirement
  • No issued share capital requirement
  • Bearer shares are allowed
  • Registered shares are also allowed
  • Redeemable shares are also allowed
  • Multiple classes of shares can be issued
  • Shares can be denominated in any currency
  • Shares can be issued with or without a par value
  • No need to maintain registers of directors and officers
  • There are no foreign exchange controls

 

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SERVICES OFFERED BY US IN THE SEYCHELLES:

We are able to provide the following services in the British Virgin Islands:

  1. COMPANY FORMATION
  2. BANK ACCOUNT OPENING
  3. MERCHANT ACCOUNT OPENING
  4. CERTIFICATE OF GOOD STANDING
  5. POWER OF ATTORNEY
  6. COMPANY NAME CHANGE IN SEYCHELLES
  7. NOMINEE DIRECTOR
  8. NOMINEE SHAREHOLDER

COMPANY FORMATION:

We are able to help our clients in establishing offshore IBCs in the Seychelles.

Our company formation service costs £750.00 and this cost includes the following:

  • Company Incorporation fee
  • Registered Address
  • Registered / Local Agent
  • Apostille
  • Company Seal

It takes approximately two weeks to complete the incorporation procedure.

BANK ACCOUNT OPENING:

We are also able to open bank accounts for our clients.

Our bank account opening service costs £500.00.

The following two banks are used for this purpose:

  • HSBC
  • Barclays Bank

These two banks provide their customers with the following facilities:

  • Cheque Book
  • Credit Card
  • Debit Card
  • ATM
  • Internet Banking

Bank account can be opened in the following currencies:

  • Euros
  • Pound Sterling
  • US Dollars

It takes approximately two weeks to complete this procedure.

MERCHANT ACCOUNT OPENING:

We are also able to open Merchant Bank Account for our clients to facilitate the E-Commerce business and to enable them to process payments online.

Our merchant account opening service would cost you £250.00.

The following two banks are used for this purpose:

  • HSBC
  • Barclays Bank

It takes approximately two weeks to complete this procedure.

CERTIFICATE OF GOOD STANDING:

We are able to provide our Seychelles customers with a certificate of good standing.

The cost for this service is £125.00 and it takes 7 to 10 days to get the certificate ready.

POWER OF ATTORNEY:

We can arrange a generalized power of attorney for Seychelles IBCs.

The cost for this service is £200.00 and takes approx 10 days to complete.

COMPANY NAME CHANGE:

If you wish to change your company's name anytime after incorporation, we can help you in this regard. It would cost you £125.00 and takes 15 days get the new name registered.

NOMINEE DIRECTOR:

Our nominee director service would cost you £400.00 per annum. This service is activated as soon as the payment is received.

NOMINEE SHAREHOLDER:

Our nominee shareholder service would cost you £200.00 per annum. This service is activated as soon as the payment is received.

 

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HOW TO PLACE AN ORDER:

If you wish to place an order for any of our Seychelles services, you need to send an email to info@offshore-company-formation.co.uk with the following order details:

  • Requested Services
  • Payment Mode
  • Contact details
  • Company Name (if purchasing any of our services for an already existing company)
  • Company's Incorporation number (if purchasing any of our services for an already existing company)

If you wish to place an order for an IBC incorporation, we need the following details:

  • Proposed company name
  • Name, address, date of birth, gender, nationality of company director
  • Name, address, date of birth, gender, nationality of company secretary
  • Share allocation structure i.e. share capita, share currency, number of shares allotted, details of shareholders etc.

These details can be sent via email to info@offshore-company-formation.co.uk.

If you are placing an order for opening a bank account, the following documents are required:

  • Notarized copy of passport
  • 2x notarized proof of residence i.e. bank statement(past 6 months), utility bills

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