In the world of offshore business, Seychelles stands out as one of the most flexible and business-friendly jurisdictions for international entrepreneurs. With a favorable legal framework, strong confidentiality provisions, and tax neutrality for international business companies (IBCs), Seychelles has become a popular choice for incorporating offshore entities.

Whether you’re a seasoned investor, a consultant managing global clients, or a digital entrepreneur looking for privacy and asset protection, this guide will walk you through everything you need to know about incorporating a company in Seychelles.

Why Choose Seychelles?

Seychelles offers several advantages for company formation:

• Zero taxation on income earned outside Seychelles
• Strong privacy laws protecting shareholder and director information
• No minimum capital requirements
• Fast and simple incorporation process (3 to 5 business days)
• No requirement to file annual financial statements for IBCs
• Well-developed offshore financial and legal ecosystem

Seychelles is particularly attractive for international businesses, trading companies, holding companies, and asset protection structures.

Types of Business Entities in Seychelles

The most commonly used entity for offshore business in Seychelles is the International Business Company (IBC). Other structures include:

• Limited Partnerships (LP)
• Special License Companies (CSL) – for businesses requiring local operations or double-tax treaties
• Trusts and Foundations – for estate planning and asset protection

This guide focuses primarily on IBCs, as they are the most popular and flexible vehicle for offshore incorporation.

Key Features of a Seychelles IBC

Step-by-Step Guide to Incorporating in Seychelles

1. Choose a Company Name

The name must be:

• Unique and not similar to any existing Seychelles company
• May be in any language (non-English names must be translated)
• Must include a suffix such as Ltd., Corp., Inc., or S.A.

2. Engage a Licensed Registered Agent

Seychelles law requires all IBCs to be formed and maintained through a licensed registered agent. The agent will handle documentation, compliance, and provide a local office address.

3. Prepare and Submit Incorporation Documents

Required documents typically include:

• Memorandum and Articles of Association
• Director and shareholder resolutions
• KYC documents (passport copy, proof of address, etc.)
• Declaration of compliance and due diligence forms

4. Obtain the Certificate of Incorporation

Once approved by the Seychelles Financial Services Authority (FSA), your IBC will receive a Certificate of Incorporation.

5. Create Internal Corporate Records

• Appoint directors and shareholders
• Issue share certificates
• Draft board resolutions
• Maintain a company register and records

6. Open a Bank Account (Optional)

You may open a business bank account in Seychelles or abroad. Some offshore-friendly banks accept Seychelles IBCs without local presence.

7. Maintain Annual Compliance

While Seychelles IBCs do not need to file annual returns or financial statements, you must:

• Maintain internal accounting records for seven years
• Pay the annual government renewal fee
• Keep records available at the registered office or another designated location

Taxation and Compliance

Seychelles IBCs are exempt from local taxation on foreign-sourced income. However:

• They cannot do business with residents of Seychelles
• They may not hold real estate in Seychelles
• They may be subject to reporting in other countries under the Common Reporting Standard (CRS) if they hold bank accounts abroad

To remain compliant:

• Maintain proper accounting records
• Keep your registered agent informed of significant changes
• Renew the IBC annually with the FSA

Who Should Incorporate in Seychelles?

Seychelles is ideal for:

• Digital entrepreneurs
• International consultants
• Trading and import/export businesses
• Wealth and estate planners
• Intellectual property holding companies
• Crypto and fintech projects (with proper legal structuring)

Common Uses for Seychelles IBCs

• Holding companies for global assets
• International trade and logistics
• eCommerce and SaaS businesses
• Affiliate marketing businesses
• Private wealth and estate planning
• Investment vehicles

Incorporating a company in Seychelles is a smart move for international entrepreneurs and investors looking for a secure, private, and tax-neutral jurisdiction. With low setup costs, no local tax on international income, and minimal reporting obligations, Seychelles offers one of the most accessible and reputable offshore destinations.

However, as with all offshore structures, proper legal guidance and compliance are critical. Partner with a licensed registered agent and legal advisor to ensure your structure is compliant with both local and international regulations.

Need help setting up a Seychelles IBC?

SCGIBC specializes in offshore incorporations, including Seychelles IBC. Contact us today for a free consultation and personalized incorporation plan.