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Is it legal for me to setup an offshore company in the Seychelles?
Absolutely, offshore companies formed in the Seychelles (also known as International Business Companies- IBC) are perfectly legal, are recognized internationally and are able to open bank accounts.
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Is a Seychelles Offshore Company tax liable?
No, Offshore companies formed in the Republic of Seychelles are exempt from any form of taxation and withholding taxes in Seychelles
While a company may not be subject to tax reporting to its local authorities, you should consult with your own tax, legal or accounting advisor to determine whether you are subject to tax in any other jurisdiction including the jurisdiction in which you are a tax resident.
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Is SFM present in the Seychelles ?
Yes we have a fully operational office in the capital Mahe and act as Registered Agent in the Seychelles
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How many directors and shareholders should I appoint on my Seychelles IBC?
A minimum of 1 director and 1 shareholder should be appointed on a Seychelles International Business Company.
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Do I need to submit accounting records for a company in Seychelles?
No, there are no accounting requirements. However Section 174 (1) of the IBC Act, 2016 (Amended) requires the company to keep records and such documents (receipts, invoices etc.) as to enable it for accounts to be prepared.
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Will my name be public once I setup a Seychelles company?
No, There is no public register of company officers.
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Do I need to deposit the paid up capital for a Seychelles company?
No, there is no paid up capital requirement. The standard share capital is USD 100,000 but can be amended to fit your requirements.
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Are bearer shares allowed in the Seychelles?
No, bearer shares are not allowed in the Seychelles and tend to disappear from most jurisdicitons.
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How to maintain an IBC company in Seychelles?
One of the main requirements for maintaining an IBC in Seychelles is to ensure that your company is compliant with the country’s regulations and requirements. You must maintain a registered office and a Seychelles-accredited agent—such as SFM. Be sure to notify the Registrar of Companies of any changes to your company’s structure or ownership. You should also keep accurate financial records and file annual returns with the Seychelles Revenue Commission. All your company activities must comply with Seychelles laws and regulations.
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What activities am I not allowed to undertake as an IBC?
Seychelles IBCs cannot trade within the Seychelles or own real estate in the country. They also are not authorised to conduct bank, insurance, fund, or trust management-related activities, operate collective investment schemes, or offer regulated investment advice services.
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What is the minimum registered capital of a company in Seychelles?
The standard share capital while registering a Seychelles IBC Limited Liability Company is $100,000. However, there are no minimum paid-up share capital requirements to be authorised to set up a Seychelles Company.
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Can I use my residential address to register an offshore company in Seychelles?
No, not if you are a foreign resident. The initial requirement for a Seychelles company registration is a local address. However, an official agent such as SFM can provide a local registered office address in your stead. This makes registering your Seychelles IBC from abroad a nonissue.
