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Сreation of substance in Seychelles. Service offer

Postal services. Individual phone line in Seychelles. Lease of an office. Services of an employee with entering into an employment contract

Postal services

Postal services include:

provision of postal address (coincides with company’s registered address; postal address is allowed to be shown to the public);

receipt of correspondence, sending of notices of receipt (within first three workdays of each month);

scanning of up to 5 pages per month;

one monthly dispatch of correspondence to Moscow office of GSL Law & Consulting.

The cost of postal services is 970 USD per year, including 1 dispatch per month to Moscow office of GSL Law & Consulting. Additional courier dispatches of documents from the office to Seychelles are paid for in accordance with received bills.

Postal services include scanning of up to 5 pages of received correspondence per month. Scanning and sending of additional documents by email are paid for separately (if necessary) – 10 USD per page.

Individual phone line in Seychelles

Services for the provision of a phone line include:

setup of a phone line with an individual phone number – 550 USD;

one-year maintenance – 1 500 USD;

paid separately: per-minute billing, call forwarding to other countries (paid on a per-minute basis based on monthly bills). It is possible to pay for a quarter or a year by transferring a deposit, the minimum amount of which is 250 USD.

Lease of an office

The cost of services for entering into an office lease contract is 450 USD per month.

It is also possible to find an office at request: the cost of services for finding an office varies from 0.5 to 1 monthly rent price.

The average rent price of a small office is 1 000 to 1 700 USD per month.

Services of an employee with entering into an employment contract

The minimum salary in Seychelles is 5,250 SCR per month (around 360 USD), and both the employer and the employee must monthly transfer 3% of the salary to the social security fund. The employer must also withhold and transfer to the budget the personal income tax on the salary at the following rates:

Salary
Personal income tax rate
Up to 8 555,50 SСR
0%
From 8 555,51 to 10 000 SCR
15% of amount exceeding 8 555,50 SCR
From 10 000,01 to 83 000 SCR
216,68 SСR + 20 % of amount exceeding 10 000 SCR
From 83 000 SCR
14 883,28 SCR + 30 % of amount exceeding 83 000 SCR

The cost of services of an employee provided by GSL is 450 USD per month.

In order to pay fees and taxes, a tax number must be obtained for a Seychellois company. The cost of obtaining a tax number is 250 USD.

The cost of services for filing a statement in respect of payroll taxes and fees is 175 USD per month for 1 employee.

We also can provide services for finding an employee with certain qualification. The cost of services for staff recruitment and employment of a worker by a Seychellois company (searching for employee, providing resumes of candidates to choose from and holding 3 interviews at most, preparation of employment contract) is:

- for ordinary employees – one monthly salary;

- for managers – two monthly salaries

Cost of services[1]

Service
Cost (USD)
Company incorporation and further maintenance
Total cost of incorporation (including the government fee and payment for the registered agent’s services for the first year of the company’s existence, preparation and provision of the original founding documents of the company and their copy with apostille, documents made for issue of shares, and company seal)
1 390
Further annual maintenance of the company (starting from second year): Government fee + Payment for services of the registered agent (including registered address), excluding the compliance fee
1 100
Compliance fee
Paid in case of:
incorporation of a company,
company’s renewal,
company’s liquidation,
transfer to another agent,
issue of a power of attorney for a new attorney, change of director / shareholder / beneficiary, except for a change to a nominee director / shareholder),
signing of documents
250 (standard fee – includes check of 1 individual)
+ 150 for each additional individual (director, shareholder or beneficiary) or legal entity (director or shareholder) if legal entity is serviced by GSL
+ 200 for each additional legal entity (director or shareholder) if legal entity is not serviced by GSL
350 (rate for High Risk companies, includes check of 1 individual)
100 (signing of documents)

Services for organization of substance in Seychelles[2]

Postal services, including 1 monthly dispatch to Moscow office of GSL Law & Consulting
635 per year
Individual phone line
550 (setup).
From 1 500 per year (maintenance).
250 (minimum deposit for communications services)
Office lease contract
450 per month
Services of a local employee with whom an employment contract has been entered into
From 450 per month
Services for staff recruitment and employment of a worker by a company (searching for employee, providing resumes of candidates to choose from and holding 3 interviews at most, preparation of employment contract):
(i) for ordinary employees
one monthly salary
(ii) for managers
two monthly salaries
Preparation and filing of a statement in respect of payroll taxes and fees (for 1 employee)
175 per month
Consultation on efficient reorganization of business for meeting bank requirements
200 per hour
Interaction with a bank for the purpose of finding out and negotiating individual requirements as to substance in the country of incorporation
200 per hour

[1] The cost of services is effective as of the date of sending the offer.

[2] The cost of services may differ if the Seychellois company is not serviced by the GSL group of companies.

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4440 USD
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