Offshore company in Seychelles with a bank account

  • Fast incorporation (24-72 hours)
  • Bank account GUARANTEED (IBAN)
  • FREE shipping to you via FedEx
  • Low ongoing maintenance fees (US$ 495 annually)

Offshore company in Seychelles is a universal instrument for asset protection and tax planning techniques. It offers fast and smooth incorporation procedure, requires a low start-up budget and no financial reporting requirements through the company’s lifetime.

Benefits of Incorporation in Seychelles

  • Easy start-up for a new business – fast incorporation, no requirements of minimum paid-up capital.
  • Full tax-exemption in Seychelles.
  • No financial reporting requirements.
  • Flexible legislation allowing multiple uses of Seychelles offshore companies.
  • Cost-affordable setup and annual maintenance.
  • No need of travel to setup a company and open a bank account.

Country Profile

Official name: Republic of Seychelles
Geographical location: an archipelago nation of 115 islands in the Indian Ocean, about 1,500 km east of the mainland Africa, northeast of the island of Madagascar.
Capital: Victoria (on the island Mahe).
Time: UTC/GMT+4.
Square: 450 sq km.
Population: about 86,000.
Language: English, French, Seychellois Creole.
Political status: sovereign state (independent from UK since 1976).
Legal system: pluralistic system – The substantive civil law is based on the French Civil Code. Otherwise the criminal law and court procedure are based on the English common law.
Currency: Seychellois Rupee (SCR), USD 1.00 = SCR 12.00 approx.

Member of: United Nations, International Monetary Fund and World Bank; maintains diplomatic missions in Belgium, France, Holy See, South Africa, People’s Republic of China, India, New York (mission of United Nations). Russia, UK, France, India, People’s Republic of China and Cuba maintain embassies in Victoria. Seychelles also have bilateral diplomatic relations with Malaysia and US.

Offshore sector: represented by international business companies (IBC), special licence companies; offshore banking facilities, international trusts, exempt insurance companies, investment fund management (mutual funds, hedge funds), ship management and maritime operations.

Company Profile

International Business Company (IBC), also referred to as offshore company or non-resident company, is the most widely used vehicle for offshore operations in Seychelles. It normally takes the form of a private company limited by
shares. The governing law is the International Business Companies Act 1994.

The company is fully tax-exempt in Seychelles and is not required to file financial reports with the local authorities. To keep in good legal status it is required to pay annual renewal fees at a flat rate.
Statutory requirements are minimal and very flexible:
One person may establish a company, which may have one and more shareholders.
Any shareholder can be also appointed a director. The director does not have to be a shareholder.
Appointment of Secretary is not mandatory.
Directors and shareholders can be individuals and/or companies of any nationality, and residents of any country.
Details of directors are registered with the Registrar of Companies. Nominee service is available for confidentiality purposes.

Share capital can be nominated in any recognizable currency, in any amount (min US$ 1.00). There are no paid-up requirements towards the company’s share capital at the moment of incorporation and no time frames stated for further payment of share capital.

Annual meetings of Directors and Shareholders may but not required to be conducted in Seychelles. Directors and shareholders can meet in person, by proxy, by phone or other electronic means. Corporate books and records can but not required be kept in Seychelles, and can be managed by electronic files or programs.

No currency control. No financial reporting in Seychelles. The company may have bank accounts in any currency in Seychelles and overseas.

Company name

Must contain: a word or a combination of words or their abbreviation signifying limited liability of members (Limited, Sociedad Anonyma, Societe Anonyme, Corporation, Ltd., Inc. SA, Corp., GmbH, SRO, Company, CIE, Co., SPA, Oy, Rt, DD, AO, AG, Est, Sarl, ApS, A/S, Srl, SL, Sp.z., Bhd, NV, BV, LLC and their full definitions)

May not contain: Assurance, Bank, Building Society, Chamber of Commerce, Chartered, Cooperative, Imperial, Insurance, Municipal, Trust, Foundation, Seychelles, or a word with similar meaning, or implying connection with the government or ministry, or a word which is indecent, offensive or objectionable in opinion of the Registrar.

Company documents can be legalized with Apostille.

Incorporation takes 48 to 72 hours.

Prohibited activities: An IBC may not act as a bank, trust, insurance or re-insurance company, provide the registered office for companies, carry on business in Seychelles (with residents) and own an interest in or a lease of immovable property situated in Seychelles otherwise as for an office, from where to communicate with members and keep books and records.

Foreign companies are allowed to re-domicile to Seychelles to continue under its jurisdiction notwithstanding any provision to the contrary in the laws of the jurisdiction under which it is incorporated.
Seychelles IBC may re-domicile from Seychelles continue as a company incorporated under the laws of a jurisdiction outside Seychelles.

Common Uses of Seychelles companies

Legislation governing setup and operation of Seychelles IBC make it a very flexible instrument to integrate into a wide range of business deals. Seychelles tax-exempt companies can be used for many commercial activities, including but not limited to:

  • Trading intermediary such as a distributor, importer, exporter, sales or procurement company
  • Offshore savings and investments
  • Shipment and transportation, chartering, owning and lease of yacht & vessels
  • Forex and stock trading
  • E-commerce, Internet trading
  • Professional service company
  • Employment of overseas stuff
  • Holding of title to any property (apartments, land, houses, all kind of movable or immovable property, intellectual property such as copyright, royalty, patent, know-how, trademark, shares in other companies.

Undesirable types of activities: Online gaming and related activities; Dating agencies; Promotion of adult content websites and related industry; Trade of weapons and military arms; Trading of pharmaceutical products; Wholesale of mobile phones, electronic computer components, cigarettes and other tobacco products; Businesses that intend to raise funds from the public or promote multilevel marketing programs; Businesses that offer alternative payment systems, e.g. e-gold, e-cash, or plan to use the company and its bank account for offering unlicensed clearing services / third party settlements for investments and securities; Professional intermediaries that hold funds on behalf of clients; Regulated financial services (insurance brokerage, money transfer systems etc.) whereby a proper license has not been obtained.

Applications for incorporation and banking from such business are considered on a case to case basis. Please always ask for pre-approval.

Our services

We assist with the company set-up and further ongoing maintenance. We also provide comprehensive consulting on how to use the company.

The following services are available: incorporation; nominee director and shareholder services; notarization of documents, legalization by Apostille; mail-forwarding facilities; assistance with bank account opening; re-domiciliation of companies from other jurisdictions to Seychelles (continuation in Seychelles); annual renewal.

Incorporation Costs

Our special “Seychelles IBC with bank account” package covers the required minimum to setup your own offshore company and bank account, and use it from here. It includes company setup and all first year fees (governmental fees and registered agent fees), courier delivery, bank introduction service and assistance with bank account setup.

“Seychelles Offshore Company and bank account” special package price is US$ 1,190. You get a complete business instrument – an offshore company with an offshore bank account. The most difficult part is opening of an offshore bank account and with this package the account is GUARANTEED!

Within this package we offer you full assistance with bank account (Professional Introduction Package) US$ 590 value. You will get an IBAN account number in a EU bank.

Next time you are to pay for maintenance of your offshore company is the anniversary date from the company incorporation.

Annual renewal fees for a Seychelles IBC, beginning with the second year, including annual governmental fee, registered agent and registered office fees for the next year are US$ 495.

Incorporation time: 24 – 72 hours. Please add the time necessary for delivery of the package by FedEx to your location (normally, 2-5 working days).

Bank account setup: 5-7 business days. You will need to be available on the phone, for a phone number verification call and brief talk about the use of the bank account.

Payment method: you can pay by Wire Transfer, Western Union (Money Gram), credit card, PayPal. Contact us, if you wish to pay by other means.

“Know-Your-Client” requirements (KYC). Please be prepared to provide the following personal documents:

  • Certified copy of Passport;
  • Reference Letter from a Bank (that you’ve had banking relationship with for at least two (2) years); or an Attorney/Accountant (that you’ve had professional relationship with for at least two (2) years);
  • Utility Bill showing place of residence (original or notarized copy), 3 months fresh, or a bank card statement.