Seychelles has earned its reputation as one of the most business-friendly offshore jurisdictions. With zero corporate tax, fast company registration, strong privacy protections, and low operating costs, it’s a top choice for international entrepreneurs. Seychelles International Business Companies (IBCs) are widely used for e-commerce, consulting, asset protection, and financial services—offering flexibility and tax efficiency.
This guide walks you through everything you need to know, from company registration and taxation to licensing and compliance requirements.
Why Choose Seychelles for Offshore Company Formation?
Seychelles provides a highly competitive environment for business owners looking to expand globally. Here’s why:
- Zero Corporate Tax – IBCs are fully exempt from taxes on income earned outside Seychelles.
- Fast & Easy Incorporation – Set up your company in just 1–2 business days.
- Confidentiality Guaranteed – Shareholder and director details remain private.
- No Residency Requirements – Foreigners can own and manage Seychelles companies 100%.
- Low Setup & Maintenance Costs – No minimum capital requirements, plus affordable annual fees.
- Remote Registration – Incorporate your company without visiting Seychelles.
Types of Companies in Seychelles
Seychelles offers various business structures depending on your goals:
1. International Business Company (IBC) – Best for Offshore Businesses
No taxation on income generated outside Seychelles. ✔ No requirement for audited financial reports. ✔ Requires at least one director and one shareholder (can be the same person). ✔ No residency restrictions for owners or directors.
2. Limited Liability Company (LLC) – For Local Businesses
Ideal for companies operating within Seychelles. ✔ Subject to a 15% corporate tax. ✔ Requires a registered office in Seychelles.
3. Seychelles Trust – Perfect for Asset Protection
Popular for estate planning and wealth management. ✔ Provides strong legal protection for assets.
4. Seychelles Foundation – Ideal for Private Wealth & Non-Profits
Can hold international assets and investments. ✔ No taxation on income outside Seychelles.
How to Register a Company in Seychelles (Step-by-Step)
Step 1: Choose a Company Name
Ensure the name is unique and complies with Seychelles regulations. Some words like “Bank” or “Insurance” require approval.
Step 2: Prepare Required Documents
To register, you’ll need:
- Passport copies of all shareholders and directors.
- Proof of address (utility bill or bank statement).
- Articles & Memorandum of Association (legal company documents).
Step 3: Submit Your Registration Application
Send documents to the Seychelles Financial Services Authority (FSA). ✔ Pay the government registration fee.
Step 4: Receive Certificate of Incorporation
Once approved, the Registrar of Companies will issue your incorporation certificate. ✔ Typical processing time: 1–2 business days.
Step 5: Open a Corporate Bank Account
Seychelles IBCs can open local or offshore accounts. ✔ Expect KYC (Know Your Customer) checks when applying.
Step 6: Maintain Annual Compliance
IBCs don’t need to file financial statements but must keep basic accounting records. ✔ Pay an annual government fee to maintain good standing.
Business Licensing Requirements in Seychelles
Certain industries require specific licenses issued by the Financial Services Authority (FSA).
- Forex & Investment License – For Forex brokers, investment funds, and securities traders. Requires AML compliance.
- Banking & Financial Services License – For banks, lenders, and payment providers. Strict regulatory requirements apply.
- Cryptocurrency & FinTech License – Needed for VASP (Virtual Asset Service Providers) handling crypto wallets, exchanges, or brokerage services.
- Gambling & Betting License – For casinos and online gaming operators. Must comply with Seychelles Gambling Act.
- International Trade & Shipping License – For shipping companies, yacht registrations, and trade businesses.
- Insurance & Reinsurance License – For insurance providers, brokers, and underwriting firms.
Taxation & Compliance in Seychelles
- Tax Exemptions for IBCs
✔ Seychelles IBCs pay no corporate tax if income is generated outside the country.
✔ No VAT, capital gains tax, or withholding tax on foreign income. - Double Taxation Treaties (DTTs)
✔ Seychelles has tax treaties with 25+ countries (e.g., UAE, Singapore, China, Mauritius).
✔ Helps prevent double taxation on international income. - Financial Reporting & Compliance
✔ IBCs don’t need to file financial statements but must keep records for at least seven years.
✔ Audits apply only to companies in regulated financial sectors. - Economic Substance Rules
✔ Some companies (like holding firms & financial institutions) may need a physical presence in Seychelles for tax benefits.
Can You Register a Seychelles Company Remotely?
Absolutely! You don’t need to visit Seychelles to form your company. Everything can be done online through a registered service provider.
Remote Incorporation Requirements:
- Power of Attorney (POA) – May be required if using a service provider.
- Apostille Certification – Some documents may need to be notarized and apostilled.
Industries That Benefit from Seychelles IBCs
- E-Commerce & Dropshipping – No taxes on global sales.
- Forex & Cryptocurrency Businesses – Straightforward access to licensing.
- Holding & Investment Companies – Tax-free capital gains and wealth protection.
- Consulting & Digital Services – Low-cost setup with no physical office required.
Is Seychelles the Right Offshore Destination for You?
Seychelles remains one of the best offshore business destinations, thanks to its zero-tax policy, quick setup process, and strong confidentiality protections. Whether you’re running an e-commerce business, financial firm, consulting agency, or asset management company, Seychelles offers a cost-effective and tax-efficient corporate structure.
