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Seychelles IBC Checklist
| NAME REQUIREMENTS |
| Name Restrictions (Requires Approval) |
''Seychelles'', ''Republic'' ''Government'', ''Govt'' or ''national'' shall not be used. Also words such as Bank, Assurance, Building Society, Chamber of Commerce, Foundation, Trust, etc. |
| SHARE CAPITAL |
| Currency |
In any Currency |
| Minimum Paid up Capital |
No minimum requirement |
| Authorised share Capital |
No Limitation |
| Bearer shares |
Allowed |
| Public Register of shares |
Required |
| DIRECTORS |
| Minimum Directors |
1 |
| SHAREHOLDERS/MEMBERS |
| Minimum Shareholder |
1 (Corporate/ Individual)-of any nationality and resident of any country |
| COMPANY SECRETARY |
| Company Secretary |
Not Required |
| Local Requirement |
Registered agent and address in Seychelles required |
| ACCOUNTS |
| Filing of accounts |
Not Required |
| Auditing of accounts |
Not Required |
| Filing of Annual Return |
Required |
| INCORPORATION PROCEDURES AND TIME FRAME |
| Fill out incorporation form |
5-10 Minutes |
| Send us due diligence of proposed directors and shareholders |
Depend on Client |
| UPON COMPLETION OF THE ABOVE |
| Check availability of company's name in the Registry of Companies |
2-3 hours |
| Preparation of incorporation documents |
0.5 days |
| Signing of incorporation documents |
Signed on Your behalf by the Registered Agent |
| Submission of documents to the Financial Services Commission (FSC) |
N/A |
| Upon completion of the above |
| Incorporate the company with the Registry of Companies and payments of registration fees & Charges |
1 day |
| Prepare post incorporation documents |
0.5 days |
| Certification of post incorporation documents by notary |
2-4 business days |
| Tax Residence Certificate |
N/A |
| Business Registration Certificate |
N/A |
| BANK ACCOUNT |
| Bank account opening requirement |
Signatories need to provide :certified passport copy, a copy of a second photo-ID, a bankers and/or professional reference, a detailed business description and a cash flow forecast. |
| Time to open bank account |
Depend on how long client take to sign the forms and provide the required documents. |
| TAXATION |
- No Income tax or business tax in Seychelles
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