To register Seychelles Company, as is required by the Seychelles government law, there are some procedures to follow. They include:
Company name: All registered Seychelles offshore companies must have names that end with the words limited, incorporated, corporation etc or their short forms. All the suffixes must be translated in either English or French in case they are from other languages. The names must also have no confusion or similarity with other companies or connected to the state or government in any way. In case you have the names such as insurance, bank, assurance, re-insurance, trust, trustee, etc included in your company name, you have to get license for their usage.
Memorandum and article of association: all the companies formed in Seychelles by manner of application are pass trough the registrar of companies. The memorandum shows the activities the company is allowed by law to participate in. on the on the other hand articles of association shows the rules and regulations that help in the running of the internal businesses. These documents are a requirement in the incorporation of a company.
Shareholders: the least number of shareholder(s) required to register Seychelles Company is one individual or simply an entity. It is notable that all the personal details of the shareholders do not go to the public.
Directors: for an establishment of an offshore company under Seychelles laws, at least one person or entity is required to serve in that capacity. The individual(s) can come from any country. The information about directors is kept at the registered agent’s office and cannot be revealed to the public.
The positions of the shareholder or director can be held by a single individual or entity according to Seychelles laws.
Share capital: no particular share capital amount is required as the normal minimum share value of US$ 100,000 stands. The shares can be issued at par value or they may not be issued at par value. Furthermore, registered, bearer, redeemable shares as well as preference shares are allowed.
Registered office: a registered office is required and must be operational in Seychelles office of a licensed Registered Agent. The Seychelles IBC is at will to appoint a company secretary who may be an individual or an entity from any country.
Auditing and financial statements: to register Seychelles Company, you must be ready to file all the financial records showing the position of the company financially. The accounts and annual returns are however not considered a requirement.
Tax: the IBC is not subjected to taxation on profits, income or any other form of tax according to its laws of formation. Property transfers are also exempted from stamping duties.
Meetings: companies registered in Seychelles do not have to hold annual general meetings as well as directors or shareholders’ meetings. However if there are situations where decision making is required, it can be done through proxy voting.
To register a Seychelles company, you can do that through the internet and will only take you a period of one day, even though legalizing and sending documents may take ten days.
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