The amendments of 6 August 2021 to the Seychelles International Business Companies Act introduced new requirements of keeping accounting records and simplified financial statements (financial summary) and determined the financial year. The requirement to prepare a financial summary applies to all companies (including dormant ones), with the exception of non-large holding companies.
Thus, only non-large holding companies are exempt from the preparation of financial summary.
A financial summary to be prepared by all companies, except non-large holding companies, is formed on the basis of accounting records as of a particular date (in this case, as of the reporting date). Our company also helps format financial statements to fit the prescribed form.
The fees for preparing a financial summary of a dormant company are USD 550.
Our indicative fees for preparing financial statements of non-dormant companies depend on the number of transactions:
|
Number of transactions
|
Fees (USD)
|
|
0 - 10
|
770 – 1 500
|
|
11 - 50
|
1 700 – 2 100
|
|
51 - 100
|
2 150 – 2 500
|
|
101 - 200
|
2 600 – 3 100
|
|
over 200
|
from 3 500
|
|
Number of securities and financial derivatives
|
Fees (USD)
|
|
up to 10 securities
|
2 200 – 2 500
|
|
over 10 securities
|
from 3 000
|
|
Number of subsidiaries and associated companies
|
Fees (USD)
|
|
up to 5 subsidiaries and associated companies
|
2 000
|
|
over 5 subsidiaries and associated companies
|
from 2 500
|
*These indicative fees do not constitute an offer. For a more accurate estimation of fees for accounting services for your company, please contact our specialist.
In addition to financial statements, you may also require an audit. An audit may be required for: