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Seychelles Company Formation
Seychelles Company Formation
To help register Seychelles Company, as is required by the Seychelles government law, there are many procedures to follow. They include:
Company name: Most registered Seychelles offshore companies must have names that end with the words limited, incorporated, corporation etc or their short forms. All the suffixes must be translated in either English or French in case they are from other languages. The names need to have no confusion or similarity with other companies or connected to the state or government in any way. In case you have the names such as insurance, bank, assurance, re-insurance, trust, trustee, etc included in your company name, you have to get license for their usage.
Memorandum and article of association: so many companies formed in Seychelles by manner of application are pass trough the registrar of companies. The memorandum shows the activities the company is allowed by law to participate in. on the on the other hand articles of association shows the rules and regulations that help in the running of the internal businesses. These documents are a requirement in the incorporation of a company.
Seychelles Company Formation
Owners: for an establishment of an offshore company under Seychelles principles, at least one person or entity is required to serve in that capacity. The individual(s) can come from any country. The information about directors is kept at the registered agent's office and cannot be revealed to the public.
The positions of the shareholder or director is usually held by a single individual or entity according to Seychelles laws.
Share capital: no particular share capital amount is required as the normal minimum share value of US$ 100,000 stands. The shares can be issued at par value or they may not be issued at par value. Furthermore, registered, bearer, redeemable shares as well as preference shares are allowed.
Shareholders: the smallest amount of number of shareholder(s) required to register Seychelles Company is one individual or simply an entity. It is notable that all the personal details of the shareholders do not go to the public.
Auditing and fiscal statements: to register Seychelles Company, you must be ready to file all the financial records showing the position of the company financially. The accounts and annual returns are however not considered a requirement.
Registered office: a registered office is necessary and will have to be operational in Seychelles office of a licensed Registered Agent. The Seychelles International Business Company is at will to appoint a company secretary who may be a man or woman or an organization from any country.
Tax: the IBC is not afflicted by taxation on winnings, income or any other form of tax according to its laws of formation. Property transfers are also exempted from stamping duties.
Meetings: companies registered in Seychelles do not have to hold annual general meetings as well as directors or shareholders' meetings. However if there are situations where decision making is required, it can be done through proxy voting.
To register a Seychelles company, it can be done throughout the world-wide-web and will only take you a period of one day, even though legalizing and sending documents may take ten days.
Learn more Offshore IBC in Seychelles which suffix is valid?
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