Incorporate in Seychelles
Establishing an international business company in Seychelles
The Republic of Seychelles has emerged as a preferred jurisdiction for establishing International Business Companies (IBCs), particularly for clients seeking flexible and efficient offshore structures. Governed by the International Business Companies Act, 2016 (as amended), Seychelles IBCs are typically used for international activities such as holding investments, conducting cross-border trade, asset protection, and estate planning. These entities are limited by shares and may issue shares with or without par value, in any currency. They can also create various share classes with customized rights regarding dividends, voting, and liquidation preferences, as detailed in their Memorandum and Articles of Association.
Seychelles IBCs require at least one shareholder and one director, both of whom may be individuals or corporate bodies with no residency requirements. This allows for maximum flexibility in structuring, especially for international investors. While IBCs are not taxed on income sourced outside Seychelles, the tax implications depend on whether the company is part of a multinational group. Those that are not classified as multinational groups are fully exempt from local taxation and need not file tax returns if no Seychelles-source income exists. However, IBCs considered part of a multinational group must meet economic substance or source-based conditions to retain tax exemptions, especially concerning foreign active income, passive income, and intellectual property revenues.
Despite their favorable tax position, Seychelles IBCs must adhere to certain compliance standards. All IBCs must maintain accounting records that clearly outline their financial position and transactions. These records must be kept at the company’s registered office in Seychelles and retained for seven years, with biannual submission deadlines. Most IBCs must also prepare a financial summary within six months of the financial year’s end, unless they qualify as non-large holding companies—entities with no trading activity and annual turnover under SCR 50 million (around USD 3.5 million).
Seychelles imposes minimal ongoing obligations for IBCs that do not earn Seychelles-source income. These companies are not required to file annual returns, financial statements, or undergo audits. This simplicity, combined with the legal flexibility of allowing non-resident directors and shareholders and no minimum capital requirement, makes Seychelles IBCs highly attractive. They are especially suited for international trade, e-commerce, fintech ventures, private investment, and estate planning, and can serve effectively as holding companies or intermediary entities in global corporate structures.
The foundational document package confirming the entity’s establishment and outlining its operational structure, includes:
- Certificate of Incorporation
- Memorandum of Association
- Articles of Association
- Register of Members
- Register of Directors
- Register of Beneficial Owners
- Resolution of the Incorporation for the Appointment of First Director
- First Board of Directors Resolution for the issuance of shares, issuance of share certificates, designation of registered office, etc.
- Application for Shares by the Shareholders
- Shares Certificates
- Directors’ Consent Letter
- Certificate of Incumbency
Learn more about Seychelles international business companies:
Seychelles International Business Company (IBC) Formation and First-Year Corporate Services – USD 1,600.00 (All Included)
Note that our incorporation and annual corporate service fees are “all-included fees”, and cover all the necessary services to incorporate and maintain a Seychelles International Business Company, as well as government fees and duties, disbursements such as courier fees, and assignments such as the preparation of a certificate of incumbency.
- All applicable Registration and Government Fees
- Providing Certificate of Incorporation issued by Registrar of Companies
- Preparing the Memorandum of Association and the Articles of Association, and providing Registrar’s stamped copy
- Appointment of First Director(s) by the Registered Agent
- Preparing the Director(s) Acceptance Letter
- Preparing the First Board Resolution resolving the Issuance of Shares and Shares Certificates, Appointment of Directors, Registered Office, etc.
- Preparing the Register of Members, the Register of Beneficial Owners and the Register of Directors
- Filing the Register of Directors with the Registrar
- Preparing the Share Certificates
- Preparing and Executing the Certificate of Incumbency
- Maintaining copies of Accounting Records and Financial Summary in the Registered Office for one year
- Registered Agent Service for one year
- Registered Office Service, including registered address, for one year
- Delivery of Corporate Documents, inclusive of Courier Fees
Time to form the company
The incorporation process typically takes 3-4 business days, and begins with the application for the company name and the preparation of the memorandum and articles of association, typically completed within one to two business days.
Following this, incorporation takes place over one to three business days. The necessary documents are submitted to the Registrar, who generally processes the filing and registers the company within a couple of business days, issuing the certificate of incorporation. Simultaneously, we produce the internal documents – the director acceptance letters, share certificates, and registers of members, directors, and beneficial owners. Once the company is registered, directors sign the first board resolutions, consent letters and share certificates, and shareholders the application for shares. Upon receiving the signed documents, we file the Register of Directors and Register of Beneficial Owners with the Registrar and the FIU, respectively.
Nominee Services (Optional)
- Nominee Director (Natural Person/Corporation) – USD 800.00 per annum
- Nominee Shareholder (Natural Person/Corporation), including a Deed of Trust – USD 800.00 p.a.
*If a Notarized General Power Of Attorney to be designated as attorney-in-fact is required, there is an additional one-time fee of USD 350.00 (Optional)
Bank Account Opening Services (Optional)
We assist you in opening a bank account in Seychelles.
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Seychelles Bank Account - USD $ 500.00Seychelles Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1USD 25,000NoUSDYesInternet banking is in view mode only, all transactions are carried out via email or by phone.
Note that we can also open overseas bank accounts for Seychelles companies in the following offshore jurisdictions:
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Andorra Bank Account - USD $ 1,200.00Andorra Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1USD 500,000YesUSD, EUR, CHF, CAD, AUD, SEK, NOK, NZDYesPrivate Bank with focus on wealth management. If they open a corporate account for an active company, they would need that either the account has a substantial amount on the account, or that the UBO himself opens an account for wealth management.Bank 2EUR 300,000NoEURYesMinimum Initial Deposit requirements for countries outside of the European Union is EUR 1,000,000 or equivalent.
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Antigua Bank Account - USD $ 300.00Antigua Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1USD 10,000YesUSD, EURYesIn Euros they processes only via SEPA. In dollars at the moment only with correspondents in the US, through FEDWIRE (not ACH at the moment). Cash Secured Visa Credit Card available.Bank 2USD 5,000YesUSD, EURYesUnionPay Cards work without inconvenience in the USA.
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Armenia Bank Account - USD $ 1,200.00Armenia Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1USD 50,000YesEUR, USD, RUB, AMDYesBusiness connection to Armenia is required. The annual outgoing turnover of the client should be at least 10 mln USD per year. The annual number of outgoing transfers should be at least 60 per year. Note that the banks considers smaller companies is well on case-by-case basis, but they could charges additional fees.
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Bahamas Bank Account - USD $ 500.00Bahamas Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1USD 1,000,000YesMulticurrencyYesBank 2USD 1,000,000NoUSDYesFamily Offices, Fund Managers and Asset Managers only.Bank 3USD 10,000,000NoMulticurrencyYesPrimary focus with physical presence in Bahamas. Business interest in the Bahamas. The company needs to have been in existence for a minimum of 3 years.Bank 4USD 1,000,000YesMulticurrencyYesRemote account opening is possible, but the bank will visit the client within first year after opening.Bank 5USD 500,000YesUSD, EURYesPrepaid debit card available.
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Belize Bank Account - USD $ 300.00Belize Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1USD 4,000NoEUR, GBP, USDYesBank 2USD 2,000YesUSD, EUR, GBP, CAD, CHF, AUD, AED, CNY, SEK, NOKYesPrepaid Visa cards available.Bank 3USD 3,000YesMulticurrencyYes
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BVI Bank Account - USD $ 900.00BVI Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1USD 20,000NoUSD, GBP, HKDYesBank of Asia does not onboard corporations who have a connection in US and Russia.Bank 2USD 500,000NoMulticurrencyYesVP Bank offers services to local BVI residents as well as international clients who have BVI companies, trusts or fund structures. It is primarily focused on financing, investment management, custodial and securities trading accounts. No Commercial Activity, only for asset management business.
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Cayman Islands Bank Account - USD $ 900.00Cayman Islands Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1USD 250,000YesUSD, EUR, GBP, CAD, AUD, JPY, SEK, CHFYesBank 2USD 100,000YesUSD, EUR, CAD, GBP, AUD, MulticurrencyYesNCB Cayman Bank offers trading, private and investment bank accounts
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Cook Islands Bank Account - USD $ 600.00Cook Islands Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1USD 250,000YesUSD, EUR, GBP, CAD, NZD, AUD, SGD, HKDYesClients can have a corporate account for operational purposes only if they open an investment account as well.
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Curaçao Bank Account - USD $ 500.00Curaçao Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1USD 100,000NoMulticurrencyYesInternet Banking only for viewing the account, not for operatingBank 2N/AYesMulticurrencyYes
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Cyprus Bank Account - USD $ 1,200.00Cyprus Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1N/AYesMulticurrencyYesSupports large Cypriot and international groups, preferably operating from Cyprus and international companies in their expansion and operations in Cyprus.
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Dominica Bank Account - USD $ 300.00Dominica Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1USD 15,000YesUSD, EUR, GBPYesBank 2N/ANoMulticurrencyYesSWIFT transactions are carried out only through a pool account in the name of the bank.Bank 3N/ANoMulticurrencyYesBank 4N/ANoEUR, USDYesSWIFT transactions are carried out only through a pool account in the name of the bank.
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Gibraltar Bank Account - USD $ 1,200.00Gibraltar Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1N/ANoMulticurrencyYesBank 2USD 20,000YesUSD, EUR, GBPYesFor wealth management and brokerage accounts minimum relationships start from USD 250,000. Cards are dependent on jurisdictions.
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Hong Kong Bank Account - USD $ 1,400.00Hong Kong Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1HKD 100,000YesMulticurrencyNoA business nexus in Hong Kong is strictly required, in the form of clients, suppliers, employees or other counterparties.Bank 2HKD 200,000YesHKD, USD, MulticurrencyNoA business nexus in Hong Kong is strictly required, in the form of clients, suppliers, employees or other counterparties.
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Isle of Man Bank Account - USD $ 1,200.00Isle of Man Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1N/ANoUSD, AUD, EUR, CZK, DKK, HUF, SGD, JPY, NOK, GBP, ZAR, ILS, NZD, PLN, CHF, SEK, CAD, BGNYes
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Labuan Bank Account - USD $ 500.00Labuan Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1USD 10,000NoUSD, JPY, SGD, EUR, GBPYesFor businesses operating offshore or non-resident companies seeking to establish corporate banking relationships in Labuan, we collaborate with a mid-size financial institution renowned for its expertise in serving international clientele. With decades of industry experience, this bank has positioned itself as a key player in supporting global businesses across a variety of sectors. This bank welcomes companies incorporated in numerous offshore jurisdictions without the stricter requirements, such as business nexus in the South Asia - East Asia regions, unlike larger institutions within Labuan. Catering to a diverse range of industries, the bank is well-versed in supporting investment and asset holding companies, as well as businesses engaged in sectors such as trade, professional services, e-commerce, among others. Whether you operate in consultancy, marketing or international trade, this bank offers tailored services to meet your corporate banking needs. Their corporate accounts are available in various major currencies, such as USD, JPY, SGD, EUR and GBP and the bank supports SWIFT transactions. Transactions will be carried out with the assistance of a dedicated personal relationship manager. In addition to traditional banking services, the bank also offers Islamic banking options, including Shariah-compliant investment products and Islamic trade financing solutions. Minimum relationships start from USD 10,000. The account opening process can be handled entirely remotely, eliminating the need for travel to Labuan. We will guide you through the preparation of the necessary KYC documentation and provide comprehensive support to ensure a seamless and efficient bank account application process. If you are interested in opening a corporate bank account in Labuan, contact us today to assess your eligibility and initiate the account opening process!Bank 2USD 250,000NoMulticurrencyYesBank 3USD 25,000NoUSD, EUR, CAD, CHF, GBP, HKD, SGD, JPY, THB, AEDYesThey focus more on Labuan incorporated entities.
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Liechtenstein Bank Account - USD $ 1,200.00Liechtenstein Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1USD 500,000NoMulticurrencyYesEvery active NFE needs to have a substance.
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Mauritius Bank Account - USD $ 600.00Mauritius Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1USD 50,000NoMulticurrencyYesBank 2USD 50,000YesMulticurrencyYes
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Nevis Bank Account - USD $ 300.00Nevis Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1USD 20,000NoUSD, EUR, GBPYesBank 2USD 100,000NoUSD, EUR, GBP, CHF, AUD, CAD, AED, JPY, SGD, HKDYesBank 3USD 25,000NoMulticurrencyYesBank 4USD 10,000NoUSDYes
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Panama Bank Account - USD $ 1,200.00Panama Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1USD 50,000YesUSD, EUR, CADYesBank 2USD 10,000YesUSD, EUR, CHF, GBP, CADYes
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Puerto Rico Bank Account - USD $ 300.00Puerto Rico Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1N/ANoMulticurrencyYesBank 2N/AYesUSD, HKD, AUD, CAD, CHF, CNY, DKK, EUR, GBP, JPY, NOK, NZD, SEK, SGD, TRL, XAF, ZARYesUnionpay Merchant service for clients.Bank 3USD 25,000NoUSDYesTheir main focus is on commercial type, trade finance.Bank 4USD 150,000NoUSDYes
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Saint Lucia Bank Account - USD $ 300.00Saint Lucia Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1USD 10,000YesUSD, EUR, GBP, HKD, Multicurrency, CAD, CHF, AED, AUD, NZD, NOK, SEK, THB, JPY, ZARYes
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Singapore Bank Account - USD $ 900.00Singapore Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1SGD 100,000NoUSD, SGD, EUR, GBP, NZD, RMB, AUD, JPY, HKD, CHF, CADYesNexus in the form of client/supplier/partner/contractor in Singapore required.Bank 2USD 3,000,000NoUSD, SGDYesBank 3SGD 250,000NoMulticurrencyNoNexus in the form of client/supplier/partner/contractor in Singapore required.Bank 4USD 30,000NoUSD, SGD, AUD, CAD, HKD, NZD, GBP, EUR, JPY, CHFYesNexus in the form of client/supplier/partner/contractor in Singapore required.Bank 5SGD 250,000NoMulticurrencyYesNexus in the form of client/supplier/partner/contractor in Singapore required.
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Switzerland Bank Account - USD $ 1,200.00Switzerland Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1CHF 500,000YesEUR, GBP, CHF, CAD, AUD, JPY, SGD, PLN, HKD, NOK, SEK, ILS, MXN, DKK, TRL, NZD, AEDYesAmina Bank does not open accounts with a pure transactional business nexus.Bank 2CHF 500,000YesMulticurrencyYesBank 3CHF 3,000,000YesMulticurrencyYesDeposit must be maintained in crypto assets held through the bank's custody services. Minimum Average Balance for high risk jurisdictions should be 1-2Mio CHF.
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USA Bank Account - USD $ 1,400.00USA Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank 1USD 100,000NoUSDYesmin deposit USD 100k and more AND/OR with revenues of USD 1MBank 2from 10,000 but preferred 250K-300KYesUSD, MulticurrencyYesThey tend to focus more on technology/startup companies that are focused on growing and scaling through future equity raises and subsequent debt facilities.Bank 3USD 5,000YesUSDYesDebit cards can be delivered to overseas address, however, credit card could ONLY be delivered to a USA physical address (non-PO box).Bank 4N/A (USD 250,000 preferred)NoUSDYes
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EMI Account - USD $ 300.00EMI AccountsEMIMin DepositCardsCurrenciesRemoteEMI AccountN/ANoEUR, CAD, GBP, CHF, HKDYesCyprus EMI AccountN/AYesEURYesCyprus EMI AccountN/AYesMulticurrencyYesCyprus EMI AccountN/AYesMulticurrencyYesHong Kong EMI AccountN/AYesMulticurrencyYesHong Kong EMI AccountN/AYesMulticurrencyYesHong Kong EMI AccountN/AYesMulticurrencyYesKazakhstan EMI AccountDepending on category.NoMulticurrencyYesLithuania EMI AccountN/AYesEURYesLithuania EMI AccountN/AYesMulticurrencyYesLithuania EMI AccountN/ANoEUR, CAD, GBP, CHF, HKDYesLithuania EMI AccountN/ANoEURYesLithuania EMI AccountN/ANoEURYesLithuania EMI AccountN/AYesEURYesLithuania EMI AccountN/ANoMulticurrencyYesLithuania EMI AccountN/ANoMulticurrencyYesLithuania EMI AccountN/ANoEURYesLithuania EMI AccountN/ANoEUR, USD, GBP, SEK, JPY, HKDYesLithuania EMI AccountN/ANoEURYesLithuania EMI AccountN/AYesEURYesLuxembourg EMI AccountN/ANoMulticurrencyYesSingapore EMI AccountN/AYesSGD, USDYesSingapore EMI AccountN/ANoMulticurrencyYesSingapore EMI AccountN/AYesMulticurrencyYesUnited Kingdom EMI AccountN/AYesEUR, GBPYesUnited Kingdom EMI AccountN/ANoMulticurrencyYesUnited Kingdom EMI AccountN/ANoMulticurrencyYesUnited Kingdom EMI AccountN/AYesMulticurrencyYesUnited Kingdom EMI AccountN/ANoMulticurrencyYesUnited Kingdom EMI AccountDepending on category.NoEUR, GBPYesUnited Kingdom EMI AccountN/ANoMulticurrencyYesUnited Kingdom EMI AccountN/ANoEUR, USD, GBPYesUnited Kingdom EMI AccountN/ANoMulticurrencyYesUnited Kingdom EMI AccountN/ANoMulticurrencyYesUnited Kingdom EMI AccountN/ANoMulticurrencyYesUnited Kingdom EMI AccountN/ANoUSD, EUR, GBP, CADYesUnited Kingdom EMI AccountN/AYesMulticurrencyYesUnited Kingdom EMI AccountN/AYesMulticurrencyYes
Our bank account opening service is not just a mere introduction to the bank. We assist you in filling out the business plan forms appropriately and help you understand and provide business details, commercial information, and purpose/use of the bank account that a given bank wants to know in order to approve your account application.
Banks want certainty and clarity on how the account will be used. Everything must be watertight. We will work with you to make sure there is minimal ‘back and forth’ and a smooth account opening process.
Seychelles Company Annual Corporate Services and Government Fees – USD 975.00 (payable one year after incorporation, and annually thereafter)
- All Applicable Annual Government Fees
- Maintaining the Minute Book, Registers and Statutory Records
- Maintaining copies of Accounting Records and Financial Summary in the Registered Office for one year
- Registered Agent Service for one year
- Registered Office Service, including registered address, for one year
Other Services (Optional)
- Establishment of Domestic Companies, Foundations, Trusts, and provision of Trustee Services
- Continuation of Foreign Companies
- Obtention of a Tax Identification Number
- FSA Registration of Investment Funds, Fund Management Companies and Securities Dealers, and related services
- Secretarial Services
- Accounting Services
Please, contact us for further information.