| GENERAL INFORMATION |
| |
| Location | South Western Indian Ocean |
| Population | 80,000 |
| Native language | Creole, French, English |
| Currency | Seychelles Rupee, US$ 1 =ScR 6 |
| Constitution & Political status/stability | Separate legislature, Executive, Judiciary. Multi-party democracy, very stable |
| Banking & professional facilities | Full
electronic banking including Internet and Tele-banking, SWIFT, EFTPOS,
credit cards, ATM, provided by six major international banks, including
Barclays and Standard Chartered, BFCOI |
| Legal system | English Common Law (Criminal) and Napoleonic Code for Civil Law |
| Offshore specialities/expertise | IBCs,
low tax companies, trust, mutual funds, ship and aircraft registration,
offshore banking and insurance; Seychelles International Trade Zone
(SITZ) (transhipment, redistribution, export services) |
|
| TAX REGULATIONS |
| |
| No taxes on offshore and SITZ entities |
| Income tax |
|
 resident | 0% |
| non-resident | 0% |
| Trusts |
|
| resident | 0% |
| non-resident | 0% |
| Corporate tax |
|
| resident | 0% |
| non-resident | 0% |
| exempt | 0% |
| Estate duty | No |
| Withholding taxes | Non-resident 10% |
| Exchange controls |
|
| resident | Yes |
| non-resident | No |
|
| TRUSTS |
| |
| Are trusts permitted? | Yes. |
| Perpetuity period | No rule of perpetuity |
| Accumulation period | No limitation |
| Statutory trust law | Seychelles International Trust Act, 1994 |
| Trust duty | No |
| Forced heirship exclusion | Yes |
| Asset protection measures | Not explicit |
| Trust register | Yes |
| Resident trustee/s required | Yes |
| Regulation of trustees | Yes |
|
| CORPORATION LAW FACTORS |
| |
| Type of corporate vehicles | IBCs, domestic companies (Ltd) (Pty), low tax companies, limited liability partnership, protected cell companies |
| Incorporation time scale | Within 24 hours for IBCs; within three days for domestic |
| Fees: Incorporation - Government | US$100
if share capital < US$5,000;US$300 if share capital US$5,000 <
s.c. < US$50,000; US$1,000 if share capital > US$50,000; US$350
if share capital < US$50,000 with some no par value shares |
| Other | N/A |
Annual -
Government | As above and fixed for life |
| Other | N/A |
| Resident directors required | No |
| Min number of directors required | 1 |
| Directors meetings required | For changes, but not necessarily in Seychelles |
| Beneficial ownership disclosure | Acent KYC principles |
| Shareholder disclosure | Acent KYC principles |
| Minimum number of shareholders | One |
| Bearer shares allowed | Yes - under review |
| No-par value shares allowed | Yes |
| Public share register | No |
| Shareholders meetings required | No |
| Frequency | N/A |
| Place | Anywhere, if held |
| Annual return required | No |
| Audit required | No |
| Foreign currency accounting allowed | Yes |
| Registered office | Yes, in Seychelles |
| Registered agent | Yes, in Seychelles |
| Stamp/capital duty | N/A |
| Naming your company | Must
include one of Ltd, B.V., N.V., GmBH, A.G, SARL, etc, but must not
include bank, insurance. Plus other well known European forms |
| Company mobility provisions/redomicility rules | Redomiciliation continuation allowed |
