Jurisdiction

Seychelles

The Seychelles is a group of 115 islands located in the Indian Ocean to the north of Madagascar.

The Seychelles economy is primarily based on tourism and fishing.

The rapidly growing financial sector, linked to the establishment of the Seychelles International Business Authority and the introduction of progressive laws facilitating the establishment of offshore structures and encouraging inward investment, is now a significant element of the economy.

An ever-increasing number of international banks and insurance companies have established either branches or subsidiaries whom, together with local management, accounting and legal firms provide clients with support.

Main characteristics:

Company type	International Business Company (IBC)
Governing corporate legislation	Seychelles International Business Authority (SIBA) is the governing authority and the companies are regulated under the IBC ACT 1994
Information published relating to company officers	There is no public register of company officers (Directors, Shareholders, Secretary)
Confidentiality	The Seychelles offer a high level of anonymity and privacy
Accounting requirement	No accounting / reporting requirements
Taxation	No taxes of any sort
Legislation	Modern offshore legislation modelled on BVI
Standard Currency	US$
Time to form	Seychelles has a fast and efficient Registry (name and incorporation usually same or next day)
Stability	Stable jurisdiction with very good reputation
Communication	Efficient communication means
Time zone	Convenient world time zone : GMT+4
Secretary required	No
Paid up capital requirement	No paid up capital requirement
Basis of legal System	Under Common Law
Minimum shareholders / directors	Minimum of 1 Director / Shareholder
Bearer shares	Bearer Shares are permitted