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Economy Package |
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 £ 300.00 | Renewal fees from £265.00 | | |
 Company registration in the Seychelles takes approximately 2 to 5 working days. The Seychelles IBC incorporation fee includes:
 Company name availability confirmation and reservation
Payment of first year's Seychelles legal and initiation fees
Submission of applications that details company's executive officers (US$100,000 authorized shared capital divided into 100,000 shares, a minimum of one share may be issued, bearer shares - permitted)
Applicant appointment of director and shareholders roles for IBC company (appointed electronically)
Preparation & filing of Memorandum & Articles of Association at Registry
Compliance with minimum local domicile requirements: provision of the registered address and registered agent in Seychelles for the first year
The following documents will be posted to you (Note: these documents are sent to you through FedEx Express Mail Service):
Original Certificate of Incorporation
Printed bound copy of Memorandum & Articles of Association
Minutes of the First Meeting of the Board of Directors
Issuance of shares, Register of Directors and Shareholders
Share Certificates and Completed Members Register
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Premier Package |
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| £ 465.00 | Renewal fees from £401.00 | | |
Company incorporation in the Seychelles takes approximately 2 to 5 working days. The Seychelles IBC registration fee includes:
Company name availability confirmation and reservation
Payment of first year's Seychelles legal and initiation fees
Submission of applications that details company's executive shareholder (US$100,000 authorized shared capital divided into 100,000 shares, a minimum of one share may be issued, bearer shares - permitted)
Applicant appointment of shareholder role for IBC company (appointed electronically)
Preparation & filing of Memorandum & Articles of Association at Registry
Compliance with minimum local domicile requirements: provision of the registered address and registered agent in Seychelles for the first year
Coddan provides a company nominee director service for one year
The following documents will be posted to you (Note: these documents are sent to you through FedEx Express Mail Service, and are to be completed upon arrival):
Original Certificate of Incorporation
Printed bound copy of Memorandum & Articles of Association
Minutes of the First Meeting of the Board of Directors
Issuance of shares, Register of Directors and Shareholders
Share Certificates and Completed Members Register
A pre-signed, undated letter of resignation from the nominee director
General Power of Attorney signed by Nominees
An indemnity Letter for General Power of Attorney
A nominee service agreement which provides for the indemnification of the nominees
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Deluxe Package |
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| £ 575.00 | Renewal fees from £511.00 | | |
Company start-up in the Seychelles takes approximately 2 to 5 working days. The Seychelles IBC formation fee includes:
Company name availability confirmation and reservation
Payment of first year's Seychelles legal and initiation fees
US$100,000 authorized shared capital divided into 100,000 shares, a minimum of one share may be issued, bearer shares - permitted
Preparation & filing of Memorandum & Articles of Association at Registry
Compliance with minimum local domicile requirements: provision of the registered address and registered agent in Seychelles for the first year
Coddan provides a company nominee director service for one year
Coddan provides a company nominee shareholder service for one year
The following documents will be posted to you (Note: these documents are sent to you through FedEx Express Mail Service, and are to be completed upon arrival):
Original Certificate of Incorporation
Printed bound copy of Memorandum & Articles of Association
Minutes of the First Meeting of the Board of Directors
Issuance of shares, Register of Directors and Shareholders
Share Certificates and Completed Members Register
A pre-signed, undated letter of resignation from the nominee director
General Power of Attorney signed by Nominees
An indemnity Letter for General Power of Attorney
A nominee service agreement which provides for the indemnification of the nominees
Declaration of Trust from the Nominee Shareholder
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| Incorporate in Seychelles: Legal Requirements | | |
The incorporation documents do not carry the name or identity of any shareholder
The names or identities of these persons do not appear in any public record
An IBC cannot trade within the Seychelles or own real estate there
Company subscribers may be resident outside the Seychelles
The company is required to have a registered office in the Seychelles
You must appoint a minimum of one director
There is no maximum number of directors
Directors can be corporate bodies or private individuals
A director can be of any nationality
There has to be at least one shareholder
The names and address of shareholders are not available to the public
Shareholder and director may be the same person
There is no requirement for appointing local shareholder and director
There is no requirement for a resident secretary
There is no paid-in capital requirement
The minimum paid in and issued capital may be one share which is fully paid
Shares can be issued with or without par value
Shares may be issued in any recognizable currency or in more than one recognizable currency
IBC records and accounts do not have to be held or filed with the authorities
Bearer shares are PERMITTED
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(click here for other packages)
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| 1. A Seychelles IBC has zero percent tax liability.
2. An International Business Company and its employees are not liable to pay any kind of tax.
3. An IBC has no compulsion to disclose the identities of its directors, secretaries, shareholders and employees.
4. A sole director can register an IBC in the Seychelles. The sole director can also act as the sole shareholder.
5. There is no minimum or maximum share capital limit, nor is there a need to disclose this information to any authority.
6. Bearer shares are allowed for an offshore company.
7. There is no compulsion to hold an Annual General Meeting (AGM) for an offshore company registered in the Seychelles.
8. The accounting books of the partnership may be kept at the registered office of the company or abroad.
9. An IBC in the Seychelles can hold and issue shares in any currency.
10. An IBC registered in the Seychelles operates in a stable political and economic environment.
 +44 (0) 207.060.0382
+44 (0) 800.081.1510
 info@coddan.co.uk |
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- DEAR VISITORS, If you want to become familiar with the description and the contents of company formation packages, offered by our company and to find above, what kind of service is included in this or that formation package, to get an idea about the price of annual renewal of the service, and about the general legal requirements to the company formation within foreign countries, please, select the package you need from the list, situated below the banner. The information in the banner will be renewed according to the package you've chosen.
Please note » The prices payable for the items that you order are clearly set out in the web site. There will be no contract of any kind between you and us unless and until we receive payment from you. We act as your agent in the formation of offshore companies. We are not able to guarantee that any such filing will be acceptable to Companies Registrar , nor are there any contractual obligation upon us to do so. If Companies Registrar rejects formation or other filing, we will credit your account with a full refund and the contract between us will be made void. Companies Registrar does not offer a cancellation facility for the formation of companies or the filing of documents. We will be unable to cancel any such submission on your behalf and will not refund any payment you have made. All prices shown at Coddan Web Site (www.coddan.co.uk) are in Great British pounds.
Live Help » Live Help is a real time "chat" feature which enables you to interact with a customer service representative without a phone call. Get answers to your questions while using our website. Clicking the "Live Help" button will start an on-line session with one of our representatives. Live Help is currently available during normal business hours. Outside of the above opening hours our business center will be closed. When you click on the button you will see an e-mail form that will allow you to send us a mail with your questions. Live Help is absolutely free! There are no hidden fees. We offer the service as a courtesy to our website visitors.
As your company formation agents, we can only act on information and instructions given to us. You should not assume that we have knowledge of any factual matters. All of the information contained on this web site is not meant to be advice, nor should it be followed. The information on this site pertains to U.K. law only and is offered as a public service. It is not intended to give legal advice about a specific legal problem, nor does it create an attorney-client relationship. We do not hold ourselves out as offering tax advice, although we do not hold ourselves out as experts in the laws of any foreign country.
If you order an offshore company we usually require to send us by fax, email (as attachments in PDF, GIF or JPEG format) or mail: copy of the passport (with photo, signature and personal data pages) of the beneficial owner of the company; copy of the passport (with photo, signature and personal data pages) of the individual who contacts us and places order with us if he is not the beneficial owner. Beneficial owner is the individual who benefits from ownership of a company regardless of who holds title.
The most versatile type of all offshore corporate entities available in Seychelles is the International Business Company, known as the IBC. It is very similar to the other widely known offshore corporate vehicles, notably the British Virgin Islands IBC. There are currently over 12,000 IBC registered in Seychelles. The International Business Company is the most widely used vehicle for offshore operations in the Seychelles; it normally takes the form of a private company limited by shares, but can also be a Limited Life Company. The governing legislation is the International Business Companies Act 1994.
Every company files a copy of its Memorandum and Articles of Association, or "M&A" with the Registrar of Companies upon incorporation. These documents can be extremely brief or very detailed, depends on the law in the particular jurisdiction and on the practices of the particular formation agent. These documents lay out all the general information about the company. Usually these documents describe the type of company, its address, operational objects, authorised capital, the procedure for appointing and dismissing directors and officers and their scope of competence and responsibility, the procedure of share allocation, how shareholder's meetings are called and the competence of such meetings and how it should be executed, the procedures of keeping accounts, liquidation and similar administrative matters that are characteristic to any corporate entity. The Memorandum and Articles of an offshore company are usually signed by a person called "Subscriber" or "Incorporator". The Subscriber is simply a person (or, more often, a dedicated company) closely associated with your offshore service provider. The Subscriber essentially incorporates the company for you and acts as the first shareholder on your behalf. Otherwise you would have to travel to the offshore jurisdiction and sign the documentation personally. The Subscriber usually subscribes for the legally acceptable minimum amount of shares in the company. After the organisation of the company, the initial Subscriber may remain registered on public file as the (nominee) shareholder, or the minimum amount of shares that he usually holds can be transferred to the actual client.
 Taxation.
A Seychelles IBC is, by definition of the law, not subject to any tax or duty on income or profits. It is also exempt from stamp duties on transfer of property and any exchange controls. Essentially, a Seychelles IBC is a completely tax-free corporation, insofar as it complies with a few simple rules of operation. The law provides that all exemptions for a Seychelles IBC shall remain in force for a period of twenty years from the date of formation of an IBC.
- Shareholders.
A minimum of one shareholder is required and either registered or bearer shares may be issued. No details of the shareholders appear on the public file but a register of shareholders must be kept at the registered office address of the company. Coddan could provide nominee shareholders. Bearer shares. A Seychelles IBC can be configured with bearer shares, although certain procedural restrictions towards use of bearer shares are expected to be introduced soon. Offshore corporations, like onshore corporations, use shares to reflect their ownership. Shares are units representing a participation of a person in the company. Taking (or buying) a share in a company means simply that a person has agreed to invest some of his personal money or assets into the company. When he has done so, he acquires the right to participate in the profits and the decision-making process of that company in proportion to his share as in the total amount of the capital of the company.
- Authorised And Issued Share Capital.
Seychelles IBCs are normally incorporated with an authorised share capital of $5,000 with par value. This being the maximum for the minimum capital duty payable at the time of formation and annually thereafter. The authorised share capital maybe expressed in any currency. The minimum issued capital is either one share of no par value or one share of par value.
- Directors.
A minimum of one director is required. The director does not need to be a shareholder. In addition, corporate and non-resident directors are permitted. Details of the directors are not required to appear on the public file. Coddan could provide nominee directors. The company directors may sometimes appoint managers or attorneys of the company, granting them certain powers to manage the affairs of the company. The manager may, for example, have a signing authority on a bank or securities account, or the powers to negotiate certain types of contracts for the company or do anything else that may be written in his power of attorney.
- Reporting Requirements.
An IBC is not required to file any financial reports or tax returns. In addition, the books and records may be maintained in any manner desired and in any part of the world.
- Restrictions On Name And Activity.
Names must end with one of the following words, or abbreviations thereof - "Limited", "Corporation", "Incorporated", "Societe Anonyme" or their abbreviations. Other suffixes such as B.V. GmbH, SARL may also be used. The name can be in any language, but must be accompanied by a translation. The documentation will either be in English, or it is possible to have bilingual documentation in English and Chinese. The following words, and their associated activities, cannot be used: Assurance, Bank, Building Society, Chamber of Commerce, Chartered, Cooperative, Imperial, Insurance, Municipal, Royal, Imperial and Trust.
- Local Requirements.
The local company law requires that an IBC maintain a registered office address within Seychelles and must also appoint a Seychelles resident as registered agent.
- Secrecy.
There are no specific statutory provisions governing secrecy in relation to companies.
Documents Download »
Seychelles International Business Companies Act, 1994 (as amended, 2000) (548Kb RTF file)
Seychelles Limited Partnerships Act, 2003 (90Kb RTF file)
Seychelles Protected Cell Companies Act, 2003 (220Kb RTF file)
Seychelles Companies (Special Licences) Act, 2003 (91Kb RTF file)
Seychelles International Trust Act, 1994 (as amended, 2000) (147Kb RTF file)
 
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Seychelles Important Note
UK Company With Bearer Shares
