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Product Summary

Applicable law
Companies (Special Licences) Act, 2003 read together with the Companies Ordinance, 1972

Type of Structure
Seychelles Domestic Company issued with a Special Licence by Seychelles International Business Authority (SIBA)

Incorporation fee
Application fee: on request; Licence fee: on request

Annual fee (paid to SIBA)
Licence renewal: on request; Annual Return fee: on request

Taxation
A CSL is liable to business tax in Seychelles at the rate of 1.5% of its worldwide income.

Incorporation time
2—3 weeks

Shareholders
A minimum of 2 shareholders is required, and they may be individuals or bodies corporate. Disclosure is made to SIBA.

Directors
A minimum of 2 natural person directors is required. Disclosure is made to SIBA.

Bearer shares
Bearer shares are not allowed.

Beneficial owners
There are no publicly accessible records of beneficial owners.

Secretary
The Secretary is required to be a resident of Seychelles and is normally the Corporate Service Provider for the purposes of filing and receiving notices.

Nominee directors
Nominee directors are allowed.

Access to Double Taxation Avoidance Treaties
The CSL is permitted access to DTAs

Annual return
An Annual General Meeting is required to be held, and the CSL is required to file an annual return with SIBA. The Annual Return will contain the CSL’s annual accounts.

Exemptions
The CSL is exempt from payment of Stamp Duty, Exchange Control, Trades Tax, work permit fees, withholding tax on dividends and royalties.

Confidentiality
Although filing of particulars of directors and shareholders is required, this information is not in the public domain.