Do I have to pay taxes on profits or interest earned by my Seychelles company?

As a zero-tax jurisdiction, Seychelles does not levy any taxes on IBC incomes or interest.

What is the current corporate tax regime for international business companies in Seychelles?

As of Jan 2019, Seychelles changed its business tax regime to a territorial basis, under which resident and non-resident companies are subject to corporate taxation for income originating within the country. All international business companies are still exempt from income tax given that they undertake business outside Seychelles. The current applicable profit tax rates are as follows: 25% on the first SR1mil taxable income 33% applied to the above amount. In addition, there is no capital gains, estate, inheritance or gift tax in Seychelles.

Are there taxes for a Seychelles International Business Company (IBC)?

Seychelles IBCs benefit from a territorial tax system, meaning they are only taxed on income sourced within Seychelles. Foreign-sourced income is exempt from taxation, provided the company does not conduct business within Seychelles. Additionally, there are no capital gains taxes or stamp duties on share transfers. This favorable tax regime makes Seychelles an attractive jurisdiction for international business.

How to maintain an IBC company in Seychelles?

There is no obligation for an IBC to file tax return or financial account. However, all Seychelles IBCs must keep their accounting records at their registered office in the jurisdiction. Sechelles IBCs are required to file an annual return in the prescribed form to their registered agent no later than 31st December every year. In addition, an IBC has to maintain its corporate structure, local registered agent and registered address in Seychelles. If a company undertakes business in the country, it’s mandatory for the company to: Notify the Registrar within one month of deriving the first assessable income; File with the Registrar an annual return accompanied with supporting documents within one year of deriving the first assessable income. For a clear overview of the basic annual compliance requirements for Seychelles IBC, check out our user-friendly ComplyMate guide.

When do I have to renew my Seychelles company?

The annual renewal fee in Seychelles must be made before the anniversary of the company, to avoid unexpected penalties for the late settlement. We usually make a reminder of your annual renewal 2 months before the anniversary for your preparation.

What is record and what types of record?

The record (or registration) in Seychelles serves as a means to document and officially recognize certain actions, agreements, and events. By keeping record of these important events, the government is able to maintain an accurate record of activity within the country. In the event that the SRC audits you without proper records, you might be liable for additional tax. The main rule of record keeping is to maintain an audit trail that can support both your annual tax return and your self-assessed monthly Business Activity Statements (BAS). You should concentrate on the following, per our advice: Stock Purchased (Valid Tax Invoices,Expenses paid (Valid Tax Invoices),Sales or revenue earned, Assets acquired (Valid Tax Invoices), Any funds transferred from the company for personal use, Read more about Updates on Seychelles Accounting Records Keeping Obligations

What are the records used in the accounting cycle?

The accounting records may be presented in a variety of ways: Bank statements, Receipts, Invoices, Vouchers, Title documents, Contracts and agreements, Ledgers, Any other documentation underpinning a transaction

What are the 4 most important financial statements?

In Seychelles, the four most important financial statements are: Balance sheet, Income statement, Cash flow statement, Statement of shareholders' equity

What are the annual renewal fees for a Seychelles offshore company?

The annual renewal fee for a Seychelles offshore company with BBCIncorp is USD 799, which covers government charges, registered agent fees, and a full suite of administrative services. This package ensures your Seychelles company stays fully compliant and operational, while saving you time and administrative effort.

What activities are not allowed to undertake by an IBC?

As the passing of IBC Amendment Act 2018, an international business company (IBC) is now able to carry on business or own an interest in real property in Seychelles, but will subject to local business taxation. Moreover, an IBC would be required to be licensed by relevant financial authorities when operating in businesses such as banking, insurance, trustee or corporate services, securities business, mutual fund and gambling.

What types of business are IBCs not allowed to carry on?

As of Jan 2019, a new regime has come into effect that allows all IBCs to conduct businesses previously not permitted including: Doing business with Seychelles residents; Holding interests or own real property located in Seychelles; Owning shares in Seychelles local companies; Any IBCs licensed under IFSC must establish a physical presence in Seychelles and submit tax return annually.

What are requirements on number of directors/shareholders of a Seychelles company?

At least one director and one shareholder are required, who can be a natural person or body corporate, resident or non-resident.

Is information of company members available for public inspection?

Registers of company directors, shareholders and beneficial owners must be kept at company’s registered office in Seychelles. An international business company is required to file register of directors with Registrar, but not so for Register of shareholders and beneficial owners. Moreover, personal details of company directors, shareholders and beneficial owners are not publicly disclosed.

What is the minimum registered capital of a company in Seychelles?

There is no minimum registered or paid-in capital requirement, and it can be expressed in any currency.

What classes of shares is permitted under the current corporate law?

Registered shares, shares of no par value, preference shares, redeemable shares and shares with or without voting rights. Bearer shares are prohibited.

Seychelles Company Formation in 1 Day | Bank Account Opening

Benefit

Offshore Company Registration In Seychelles

Seychelles International Business Company (IBC)

Benefit

No taxes for IBCs doing business outside country

One of the lowest incorporation costs

One of the world's most stable socio-economic regions

Directors, shareholders' records kept confidential

Suitable for multiple purposes: entrepreneurs, traders, e-commerce, SAAS, consultants, IP holding, etc.

Requirement of bi-annually keeping accounting records at registered office in Seychelles (effective from 2022) Read more >>

Feature

Seychelles International Business Company (IBC)

At least one director/one shareholder

Required local registered address

Required local registered agent

No minimum paid up capital

Bearer shares not permitted

Seychelles Company Formation Packages

International Business Company (IBC)

basic

US$999

Company Formation

Unlimited Name Availability Check
Document Preparation and Filing
Company incorporation process
01 year Company Secretarial service
01 year Registered Agent & Local Registered Address
All Government fee in 01 year
Digital corporate documents

* This Package includes everything for a foreigner to set up a new Seychelles International Business Company (IBC) from the beginning** All-in renewal fee at US$799

Get Started

standard

US$1399

Everything in the Basic package

Open A Bank Account

One-time fee for application of one bank
Consulting on preparation of your chosen bank’s requirements
Preparing certified corporate documents for the bank (if needed)
Making appointments with your chosen bank in the supported list

Get Started

premium

US$1699

Everything in the Standard package

Premium Banking Support

One-time fee for application of up to 5 banks OR until the account is opened, whichever comes first
Consulting on suitable alternatives if the first application is not approved
Remote bank account opening
Fast response even on weekends
Frequent updates on the bank account opening process

Get Started

basic

standard

premium

basic

US$999

Company Formation

Unlimited Name Availability Check
Document Preparation and Filing
Company incorporation process
01 year Company Secretarial service
01 year Registered Agent & Local Registered Address
All Government fee in 01 year
Digital corporate documents

* This Package includes everything for a foreigner to set up a new Seychelles International Business Company (IBC) from the beginning** All-in renewal fee at US$799

Get Started

Refund Guarantee

We refund your money in full for services that we cannot deliver.

Read our policy

Renewal services

Seychelles Company Renewal

US$799

Save US$100

Annual Company Renewal

Annual maintenance fees (US$150.50 government fee included)

Registered Address

01 year Local Registered Address

12-Month Company Administration

Automated reminders of compliance & filing deadlines

Maintenance of statutory registers

Exclusive access to BBCIncorp company management portal

Free Accounting Records Submission

Annual maintenance of digital accounting records

Bring your next business venture online

Effortless Workflow

Move forward at your own pace and minimize delays from back-and-forth emails.

E-Signature Convenience

Work seamlessly with your partners while reducing paperwork and boosting efficiency.

Digital KYC

Easily manage and declare your information using standardized forms and organizational charts.

Centralized Management Portal

Access company documents anytime on a secure cloud platform, with automatic reminders to keep you on top of compliance deadlines.

Incorporate and open a bank account in Seychelles

steps to register a company in Seychelles

Step 1:Select company name & company types

Every company in Seychelles is required to be registered under an accepted name and as an entity type recognized by the law. Typically, there are universal guidelines to choosing a name for your business: availability, appropriateness and uniqueness. As for choosing an entity type, it's best to go with the one that suits business needs to the most.

Step 2:Submit application

You will need to ascertain information on the directors, shareholders, or other key personnels, in prelude to submitting them along with your chosen company name to relevant authorities.

Step 3:Apply for business license

By law, all companies must obtain a business license as either as a sole trader or a registered business. Depending on the nature of your business, additional vetting by industry-specific inspectors and consulting agencies may become a prerequisite before your application is approved.

Step 4:Open a bank account

The final step before your company can get off the ground is to open a bank account. Neobanks like Airwallex and Payoneer can speed up the process exponentially with their cloud-based solutions. For a more robust option, you'll be glad to know that opening a traditional bank account in Seychelles requires no signatory travel.

Step 5:Stay compliant

As Seychelles is known for its highly business-friendly envinronment , you'll find that staying compliant is a lot less stringent compared to most places. IBCs here are only required to keep accounting records which can be kept anywhere and denominated in any currency. However, doing business locally still requires you to notify Registry beforehand, upon which makes your business liable for any previously mentioned reporting obligations.

SeychellesCompany Incorporation Process

Place Your Order

Access our online platform for a smooth onboarding experience and customize your order. Choose from a variety of packages and add-on services designed to meet your objectives. All data is securely protected with 256-bit encryption.

Make Payment

Complete your payment using flexible options, including Visa, MasterCard, Amex, or Bank Transfer. Once payment is confirmed, you’ll receive a checklist of all necessary information for Seychelles company registration.

Submit and Verify KYC Documents

After payment, our customer service team will guide you through the required paperwork. Prepare your documents easily via our online KYC form, and track the process anytime through our digital Client Portal.

Complete Company Registration

Your electronic documents will be ready within 1–2 business days, with the original company kit delivered via courier in 3–7 days.

KYC Documents Checklist

KYC documents are essential to verify the identity of individuals and corporations in Seychelles. Below, you'll find a list of the required documents.

Individual

Corporation or Entity

The following proofs are required for all company members including Directors, Shareholders, Ultimate Beneficial Owners (UBOs), and Contact persons.

A certified true copy (scanned version) of the passport (valid for at least 6 months);
A comprehensive Curriculum Vitae (C.V.), Resumé, or Linkedin profile.

See sample of a certified true copy

To establish the identity of a corporation or entity, it is necessary to provide company documents and proofs of its members.

Please provide us with certified true copy (scanned version) of the following company documents:

Certificate of Incorporation;
Memorandum and Articles of Association / Constitution;
Register of Director;
Register of Shareholder / UBO;
Extract of the company’s details from the Registrar of Companies, which can include any of the following: Business Profile / Certificate of Incumbency / Certificate of Good standing (valid for within 6 months if any).

Note: in case the company documents can be certified via official government site, there is no need to submit certified copies.

*Note that the list provided, while comprehensive, may not encompass all requirements.

For further personalized consultations tailored to your specific case, please reach out to our support team anytime

KYC Documents Checklist

KYC documents are essential to verify the identity of individuals and corporations in Seychelles. Below, you'll find a list of the required documents.

Individual

Corporation or Entity

The following proofs are required for all company members including Directors, Shareholders, Ultimate Beneficial Owners (UBOs), and Contact persons.

Proof of identity

A certified true copy (scanned version) of the passport (valid for at least 6 months);
A comprehensive Curriculum Vitae (C.V.), Resumé, or Linkedin profile.

See sample of a certified true copy

Proof of address

We require certified true copy (scanned version) of address proof, which can include any of the following: Bank reference / Bank statement / Utility bill / Driver license.

The address proof must clearly show the holder's full name along with physical address written in English (P.O. Box addresses are not accepted).

Please note that the provided proofs must be the most recent version and dated within the last 3 months.

To establish the identity of a corporation or entity, it is necessary to provide company documents and proofs of its members.

Company documents

Please provide us with certified true copy (scanned version) of the following company documents:

Certificate of Incorporation;
Memorandum and Articles of Association / Constitution;
Register of Director;
Register of Shareholder / UBO;
Extract of the company’s details from the Registrar of Companies, which can include any of the following: Business Profile / Certificate of Incumbency / Certificate of Good standing (valid for within 6 months if any).

Note: in case the company documents can be certified via official government site, there is no need to submit certified copies.

Company members

All members of the corporation, including Directors, Shareholders, Ultimate Beneficial Owners (UBOs), and Contact persons, must provide identity and address proofs.

For a detailed list of requirement, see here

*Note that the list provided, while comprehensive, may not encompass all requirements.

For further personalized consultations tailored to your specific case, please reach out to our support team anytime

Need more help to set up your business in Seychelles?

Just get in touch with us. We typically response within 2 hrs.

Frequently Asked Questions

incorporation

taxation

annual compliance

others

Can I use my residential address to register an offshore company in Seychelles?

The prerequisite for opening an offshore company in Seychelles is having a local address. Therefore, if you want to open an IBC here then use a Seychelles address. The address will appear on the corporate documents as a registered address, but it does not work for mailing.

Can I buy a ready-made Seychelles company?

There are shelf company, or ready-made companies, which you can buy and run business with. However, we recommend you to form new company rather than buy an existing one, due to the high cost of the ready-made company.

What is the required quorum for offshore company incorporation in Seychelles?

There should be minimum one director to incorporate in Seychelles. The director can be also the sole shareholder and the ultimate beneficial owner (UBO) of the company.

What is the role of a registered agent in Seychelles company formation?

A registered agent is a licensed intermediary based in Seychelles who acts as your company's official liaison with local authorities. They are legally required to receive official correspondence, maintain statutory records, and ensure compliance with local regulations.

BBCIncorp provides this service as part of our Seychelles company formation package, ensuring your business remains in good standing without the need for a physical presence in Seychelles.

Is a registered office address mandatory for a Seychelles company?

Yes, all Seychelles International Business Companies (IBCs) must have a registered office address within Seychelles. This address is used for official communications and must be maintained throughout the company's existence.

BBCIncorp includes this service in our formation packages, eliminating the need for you to secure a separate office space.

Company Incorporation

Open Business Account

Nominee Director Shareholder

Accounting & Auditing

Company Secretary

Virtual Office

Enterprise Accountant

Seychelles Company Formation

Offshore Company Registration In Seychelles

Seychelles International Business Company (IBC)

Seychelles International Business Company (IBC)

Seychelles Company Formation Packages

Renewal services

Seychelles Company Renewal

Bring your next business venture online

Effortless Workflow

E-Signature Convenience

Digital KYC

Centralized Management Portal

Incorporate and open a bank account in Seychelles

Step 1:Select company name & company types

Step 2:Submit application

Step 3:Apply for business license

Step 4:Open a bank account

Step 5:Stay compliant

SeychellesCompany Incorporation Process

Place Your Order

Make Payment

Submit and Verify KYC Documents

Complete Company Registration

KYC Documents Checklist

Individual

Corporation or Entity

Proof of identity

Proof of address

Company documents

Company members

KYC Documents Checklist

Need more help to set up your business in Seychelles?

Frequently Asked Questions

Can I use my residential address to register an offshore company in Seychelles?

Can I buy a ready-made Seychelles company?

What is the required quorum for offshore company incorporation in Seychelles?

What is the role of a registered agent in Seychelles company formation?

Is a registered office address mandatory for a Seychelles company?

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