Like any other country in the world, to register a company in Seychelles you need to follow some laid down rules. If you are thinking of venturing into the Seychelles market and need to start a company, there are certain things that you need to fulfill in order to be allowed by the authorities to operate. In order to register Seychelles Company, you will need the following; a copy of passport and a utility bill (electricity or phone bill) but should not be older than three months. In addition, the following rules and regulations are necessary in order to register a company in the Seychelles.
Name
The first requirement is to give the name of the company. The name that you will give out should not be the same of a company that exist in any other part of the country. The company to be registered can have its name in any language that the owner so wish and this is one good thing about Seychelles company registration. But if you give out a name that is not in either English or French, you will be required to give a translation of that name.
Memorandum
This is another mandatory requirement when registering a company in the Seychelles. The memorandum should be able to show the terms and unions of all concerned. This document will be handled by the Seychelles Company Registry and is the only authorized institution that can handle the document.
Article of Association
Another vital requirement when registering a company in Seychelles is the Article of Association. This document is required during incorporation and every person or company wishing to start a company in Seychelles must produce. The Seychelles International Business Company (IBC) which is an excellent corporate vehicle which is used when conducting international business requires that all the registered companies in any part of the country have offices that are registered.
Moreover, the names of the directors and stakeholders must be provided when the company is being registered. These names must have designation of every member and the shareholders can be from any originality or country. Furthermore, the ratio of shares of all the shareholders must be given during registration. This will help when the profit is being shared and will also help the bankers to know how the stakeholders will share the income. In Seychelles, share distributed can take many forms. They can be in currency form or in some valuables depending on the choice of the shareholder. Another form that needs to be filled when registering a company in the Seychelles is the tax agreement form. This form will act as a written agreement authorizing the government to tax on the total or subsidiary income that the companies receive from time to time. However, there are some few companies like the offshore companies that are exempted from paying taxes. Therefore, if you want to register Seychelles Company, unless you are registering an offshore company, you are required to fill the tax agreement form for purposes of taxations.
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