On 29 November 2019, The Seychelles Financial Services Authority released an approved proposal for adjusting fees under the International Business Companies Act, 2016. Accordingly, fees payable for the incorporation and annual renewal of all Seychelles International Business Companies (IBCs) effective from 1st April 2020 would be changed as below:

Details Fee payable before 1st April 2020 Fee payable from 1st April 2020
Incorporation fee of an IBC (except a Protected Cell Company) 100 USD 150 USD (ICSP Tax included)
Annual renewal fee of an IBC (except a Protected Cell Company) 100 USD 150 USD (ICSP Tax included)
New Penalty from 1st April 2020
Late IBC Renewal within 90 days from due date (10%) 24 USD (ICSP tax included)
Late IBC Renewal over 90 days from due date (50%) 80 USD (ICSP tax included)

It should be noted that new fees are applicable only to transactions carried out on or after 1st April 2020. Other fees for certain issuing and filling services are also revised, you can click here for further details.

In acknowledgment of the fee adjustment from the Seychelles authority, please be informed that BBCIncorp Limited will also change our service charges payable for Seychelles IBCs’ incorporation and renewal. If you need more information concerning the updated fee, please contact us via email or drop us a live message to chat with our expert now!

Disclaimer: While BBCIncorp strives to make the information on this website as timely and accurate as possible, the information itself is for reference purposes only. You should not substitute the information provided in this article for competent legal advice. Feel free to contact BBCIncorp’s customer services for advice on your specific cases.

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