Seychelles is located in the Indian Ocean comprising 155 islands to the east of Africa and north east of the island of Madagascar. This independent Republic is one of the progressive offshore financial centres with hassle free incorporation procedures and ensuring investor privacy.
Seychelles International Business Companies Act 1994 is the governing legislation for the formation of the versatile and most widely sought type of company, through which legitimate international business, including trade, commerce and investment activities are conducted. Seychelles is emerging as a jurisdiction of choice with over 12,000 companies registered in 2009 and with more than 70,000 companies registered till date.Seychelles companies are exempted from all taxes.
The business setup documents of a Seychelles company do not carry the name or identity of any shareholder of director. The names or identities of these persons do not appear in any public record.
The time taken to complete the incorporation of a Seychelles Company is 3 to 4 working days. The shareholder(s) and director(s) of the company can be a natural person or a corporate body.
A minimum of one shareholder & Director is required. Nominee shareholders and directors are permitted.
Standard authorized share capital is US$100,000. Bearer shares are permitted. Shares can be classified into Registered Shares, Redeemable shares, Preference shares etc.