Company (Special Licence) (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.