Company Formation in Seychelles - Offshore Starting & Set Up

Want to set up a firm in Seychelles? We can assist you in starting a business or in buying a shelf company in Seychelles with a full package of necessary documents, legal advice and follow-up support. Incorporation of a firm in Seychelles includes provision of a registered office (for at least 1 year in any of our service plans), an apostilled set of constitutional documents, secretarial services and assistance with compliance fee and pre-approval for opening an account in banks of Seychelles. The total price of an offshore company formation in Seychelles includes all necessary fees and charges for the first year of operation, as well as full one-year nominee service (package Optimum).

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Service packages Legislation Tax System Audit Services
Service packages
Company registration
Legal address per year
Secretarial services for the first year
Fees and duties for the first year
Apostilled bound set of incorporation documents
Nominee service per year
Bank Account Pre-approval
1 390 USD

3 120 USD

3 730 USD

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Corporate Information

Legal system

Legal system of Seychelles is based on English common law and French civil law (civil code of Seychelles is based on Napoleon code, and criminal code is based on English law). Among the main corporate laws are Companies Ordinance, International business companies act, International trusts act, etc. Seychelles legislation, IBC Act in particular, allows incorporation of offshore companies.

Types of entity in Seychelles

Under the legislation of Seychelles, the following types of commercial entities may be established in Seychelles to carry on business:

  • Company limited by shares;
  • Company limited by guarantee;
  • Company limited by shares and guarantee;
  • Limited Partnership;
  • Special License Company;
  • Protected Cell Company;
  • International Business Company.

The most common structure is the International Business Company (IBC). IBC is usually registered as a company limited by shares. It is possible to buy a shelf company of this type or to incorporate a new one. The Registry timescale to incorporate a new company is 2 daysrs. The timescale for a new turnkey entity is two weeks.


Company Name

The requirements to the company names in Seychelles are the following:

  • the name of a company should include a suffix to denote the type of entity: “Limited”, “Corporation”, “Incorporated”, or the related abbreviation: “Ltd.”, “Corp.”, “Inc.”;
  • it may be registered in any language, but if the name is not in a state language, it is required to provide a translation of transliteration into English or French;
  • it should not be identical or similar with an existing company name;
  • it should not contain the words “Bank“, “Building Society“, “Chamber of Commerce“, “Chartered“, “Cooperative“, “Credit Union“, “Government”, “Licensing”, “Municipal”, “Parliament”, “Police”, “Royal”, “Tribunal”, “Stock Exchange” or a word or abbreviation conveying a similar meaning. “Airline”, “Assurance”, “Bitcoin”, “Bureau de Change”, “Casino”, “Charity”, “College”, “Council”, “Foundation”, “Fund”, “Gambling”, “Gaming”, “Hospital”, “Insurance”, “Insurer”, “Lottery”, “Military”.

Company registration in Seychelles

To register an IBC company in Seychelles, you need to go through the following procedure:

1. Obtain an approval of a company name from the Registrar

A company has a right to reserve a name for 30 days for future adoption.

Should an ICSP request to extend the reservation period of a proposed name prior to the relevant expiry date of the reservation period, the request must be submitted together with the prescribed fee of US$25 per name.

2. File Articles and Memorandum of Association to the Registrar

The Memorandum must include:

  • the name of the company;
  • the full address within Seychelles of the registered office of the company;
  • the name and full address within Seychelles of the registered agent of the company;
  • the objects or purposes for which the company is to be incorporated;
  • the currency in which shares in the company shall be issued;
  • a statement of the authorized capital of the company;
  • information on shares.

The Articles and Memorandum must be written in English and French or accompanied by a translation into these languages certified by the registered agent. Both documents should also be signed by a person in the presence of another person who must sign his name as a witness.

The Articles, if not submitted for registration with the Memorandum shall be submitted within 30 days following the date of incorporation.

Upon registration of the Memorandum a Certificate of Incorporation signed by Registrar is issued.

Restriction of Activities

There are a number of restrictions on the activities of business companies in Seychelles. The IBC act prohibits an IBC from:

  • carrying on business with persons resident of the Seychelles;
  • owning an interest in real property situated in the Seychelles, except lease property for office purposes;
  • carrying on banking business, insurance or reinsurance business;
  • carrying on the business of providing offices for companies;
  • trust business;
  • engaging in international corporate, trust or company incorporation services.

A company that willfully contravenes the above requirements, or a director who knowingly permits the contravention, are liable to a penalty of 100 SCR for each day or part of it during which the contravention continues.

Local registered office

Every IBC must maintain a registered office address in Seychelles which shall be the same address as that of its registered agent. The Registrar shall receive notice of any change of the registered office. Failure to comply with this requirement will subject the company to a penalty of 100 SCR and an additional penalty of 25 SCR per day for each day of non-compliant business.

The following information and documents shall be kept at the registered address: a register of all shareholders, directors and officers; minutes of all meetings; copies of all resolutions consented to. According to the latest changes in law, it is also required to keep accounting records at the registered office or a resolution on the other address. A copy of the Share register is now required to be kept at the registered office.


A Seychelles IBC is not required to have a common seal.


The redomiciliation of companies either to or from Seychelles is permitted.

A foreign jurisdiction company may continue its existence as a Seychelles IBC or CSL requires the following:

  • approval of the necessary resolution by the corresponding body (directors or shareholders);
  • availability of the foreign company’s name for registration in Seychelles. If such name is already taken or unavailable for a different reason, the name of the continued company would have to be amended or changed;
  • submission of a number of documents to the Registrar to confirm the legal existence, good standing and proper resolution of the foreign company to be continued in the Seychelles:
  • copies of the Certificate of Incorporation, Memorandum and Articles;
  • Notice of Continuation;
  • apostilled copy or original Good Standing Certificate;
  • a written authorization designating persons who may give such notice to the Registrar, and Articles of Continuation.

Upon the registration of the articles of continuation, the Registrar shall issue a certificate of continuation. Redomiciled company is registered with the Seychelles Register within 1 day.

To transfer its domicile to a foreign jurisdiction permitting such a transfer a Seychelles should have:

  • Resolution of directors/ shareholders;
  • Payment of all fees and any pending penalty;
  • Compliance with the laws of the relevant jurisdiction.

As a result, the Registrar shall strike off the name of the company from the Register and publish a notice of the striking off in the Gazette; the company continues to be liable for all of its debts, liabilities and obligations that existed prior to its continuation outside Seychelles; any claims, convictions, orders, proceedings, etc., pending by or against the company, or against any member, director, officer or agent thereof, remain in force.

Company Structure


A sole director, a natural person or a body corporate, can register an IBC in the Seychelles. The sole director can also act as the sole shareholder. Director’s details are disclosed to the local agent, but do not appear on the public file. There is no legal requirement that the directors be residents of the Seychelles. Apart from the director, the company does not have to appoint any other officers.


A Seychelles IBC need not appoint a company secretary, although it is customary to do so. The secretary may be a natural person or body corporate of any nationality and need not be resident in the Seychelles.


A Seychelles IBC may have one or more shareholders, individuals or corporations of any nationality or residence. Shareholders’ details are disclosed to the local agent, but do not appear on the public file. The board meetings or the meetings of the shareholders of a company may take place anywhere in the world. Annual meetings are not required.


Since December 1, 2016 any Seychelles company must have its own internal register of beneficiaries. The data must be located at the registered office of the company in the Seychelles.

Exceptions to the requirement to keep a beneficial owner register are companies whose shares are listed on a recognized stock exchange or their subsidiaries.

The register must contain the following information about the beneficiaries:

  • each beneficiary's name, address, residence, date of birth, and citizenship;
  • information about each beneficiary's interest and its use;
  • the date the beneficiary owned the firm;
  • the date the beneficiary ceased to own the firm.

In the spring of 2020 the Beneficial Ownership Act 2020 was enacted, making it compulsory to keep a register of beneficiaries of companies.

The Act applies to all offshore companies registered in Seychelles (both local and IBC), as well as unincorporated structures (partnerships and trusts).

Access to the register of beneficiaries of the company is NOT open. Only the registration agent has access to this information.

Share capital and shares

The share capital of an IBC can be denominated in any currency. There is no minimum or maximum authorized share capital. No payments deadlines are set for the authorized capital. Usually the share capital is 5,000 SCR which is divided into 5,000 shares of 1 SCR each. The minimum issued capital is either one share of no par value or one share of par value.

Bearer shares

According to the IBC (Amendment) Act, 2013, bearer shares are no longer permitted. Every company which has issued bearer shares shall recall and cancel such shares within 6 months from the commencement of the Act (November 26, 2013), and the company shall issue registered shares in substitution of the cancelled bearer shares. Any bearer shares which have not been cancelled shall thereafter be null and void.


Seychelles companies are renewed annually and the renewal normally includes payment of fees for nominee directors and shareholders (if any), registered office and license fee for filing with the Registrar, which is set up once for the entire company’s life, regardless of any future changes in the Company’s capital.

Frequency Asked Questions about Company Registration in Seychelles

How much does it cost to register a company in Seychelles?
The cost of opening a company in Seychelles depends on the type of company to be registered and the type of activity you will be engaged in. The minimum package of services costs USD 1390 and includes: registration of the company on a turnkey basis, lease of the registered office for a year and secretarial services, payment of all necessary duties and fees, as well as apostilled translation of the constituent documents.
Why do companies register in Seychelles?
Companies register in Seychelles for a variety of reasons, including - 1) Tax benefits: Seychelles offers a low tax regime, with no corporate or personal income taxes, no withholding taxes, and no capital gains taxes, 2) Confidentiality: Seychelles offers a high degree of privacy and confidentiality, with strict banking secrecy laws and the ability to use nominee directors and shareholders to maintain anonymity, 3) Ease of incorporation: Seychelles has a simple and straightforward company incorporation process, with minimal capital requirements and a quick turnaround time for registration, 4) International reputation: Seychelles is a well-respected jurisdiction with a stable political and economic environment, making it an attractive location for international business, 5) Asset protection: Seychelles offers strong asset protection laws, making it a popular location for the holding of offshore assets.
Is Seychelles an offshore?
Yes, Seychelles is considered an offshore financial center. The country has laws and regulations that make it an attractive destination for foreign investors to register offshore companies due to its favorable tax regime, privacy laws, and ease of incorporation.
Can foreigners do business in Seychelles?
Yes, foreigners can do business in Seychelles. Seychelles welcomes foreign investors and offers a number of business opportunities to non-residents. However, foreign investors are required to obtain the necessary permits and licenses to conduct business in Seychelles, and should comply with the laws and regulations of the country.

Core Services and fees for the formation of a company in Seychelles

— Incorporation

Price1 390 USD

including preparation and provision of original constitutive documents of the company and apostilled copies of such documents, share issue documents, and common seal, not including compliance fee

— Annual government fees


Stamp Duty and Business Register incorporation fee

— Corporate legal services

Price1 100 USD

including registered address and registered agent, NOT including Compliance fee

—Delivery of documents by courier mail

Price250 USD

DHL or TNT, at cost of a Courier Service

— Apostilled set of Statutory documents

Pricefrom 570 USD

Basic set of documents for setup of a company in Seychelles

Certificate of Incorporation

Memorandum and Articles of Association

Apostille of the bound set of copies of Сonstitutive documents

Share Certificates

Apostilled Subscriber’s Resolution

Resolution of first shares allotment

Compare Jurisdictions

    Nominee Director

    Price1 250 USD

    Paid-up “nominee director” set includes the following documents

    Resolution effecting the issuing of Power of Attorney

    Apostilled Power of Attorney

    Consent Letter

    Director Resignation Letter

    Nominee Director’s Declaration

    Resolution effecting the change of Director

    Nominee Shareholder

    Price480 USD

    If Nominee Shareholder and Nominee Director is one natural person, the service costs 350$, if not - 450$. Paid-up “nominee shareholder” set includes the following documents

    Deed of Trust

    Instrument of Transfer

    Compliance fee in Seychelles

    Compliance fee is payable in the cases of: incorporation of a company, renewal of a company, liquidation of a company, transfer out of a company, issue of a power of attorney to a new attorney, change of director / shareholder / BO (except the change to a nominee director / shareholder), signing of documents


    Price250 USD

    simple company structure with only 1 physical person

    For legal entity in structure under GSL administration

    Price150 USD

    additional compliance fee for legal entity in structure under GSL administration (per 1 entity)

    For legal entity in structure not under GSL administration

    Price200 USD

    additional compliance fee for legal entity in structure NOT under GSL administration (per 1 entity)

    For client with high risk Status

    Price350 USD

    Signing of documents

    Price100 USD

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