What documents are required to form a Seychelles International Business Company (IBC)?

According to the regulatory requirements of the FSA (Financial Services Authority), some documentation is required for the incorporation of an IBC in Seychelles.Read more: Ideal for Seychelles company registrationBelow are the essential documents required for incorporation: A notarized true copy of the passport: for each director and shareholder, verifying identity and nationality. A utility bill as proof of residential address: for all directors and shareholders, dated within the last three months. Accepted utility bills include statements for water, gas, or electricity.Additionally, a bank or professional reference letter, from an attorney or accountant for example, for each of the directors and shareholders to confirm that the individuals are in good standing. A business plan relating to what activities the company intends to carry out may also be requested so as to ensure the company's goals align with Seychelles' regulations for an IBC.The application process also provides for the proposed name of the company, which is to be searched for availability and should comply with the naming guidelines-which need not to be similar to any Seychelles names or any restricted names. After collection and review of these documents, the drafting and filing of the Articles of Association and Memorandum of Association take place, stating the structure and purpose of the company.The applicant will also require the services of a Seychelles-licensed registered agent for the processing of the application. This agent will handle all the procedural incorporation processes, liaise with the authorities concerned, and provide a registered office address. Aggregately, these documents will ensure the swift and compliant formation of an IBC in Seychelles.

What types of company will be set up?

International Business Companies are the companies incorporated under International Companies Act 2016 (Seychelles). The type of companies coulbe Private Limited by Shares (Pte Ltd) or Limited Liability Company (LLC).

Can a foreigner start a business in Seychelles?

Yes, it is legal for a foreigner to start a business in Seychelles. The country has a pro-business regulatory framework, streamlined registration procedures, and liberal corporate forms that are suitable for international entrepreneurs.Seychelles allows 100% foreign ownership of a company without any directors' or shareholders' residency requirements in most legal forms. This is extremely easy for internationally operating entrepreneurs who want to maintain control over their company without relocation. The Seychelles company limited by shares is the most popular form among foreign investors since it supports a wide range of commercial operations.Offshore Company Corp offers its customers Seychelles company incorporation, trademark protection, and compliance assistance so that foreign investors may engage in lawful and efficient business within an established and highly regulated jurisdiction.=> Full Information: Seychelles Business Registration and Company Setup Process

How can I reinstate a dissolved company in Seychelles?

The reinstatement of a dissolved company in Seychelles would, in principle, involve establishing the nature of its dissolution, whether voluntary or administrative based on grounds of non-compliance, for example, if annual fees have not been paid. While voluntary dissolutions usually go through the courts, some administrative dissolutions, in cases where applicable, can be resolved directly with the Registrar within strict timelines.In the case of administrative restoration, there usually would be an ability to apply anytime within one year from the strike-off or within five years after the date of dissolution. The Registrar would consider whether or not the company maintains current accounting records and has registers of directors, members, and beneficial owners. The documents essentially required for making the application would include a Certificate of Incorporation, Memorandum and Articles of Association, and Certified Registers. These can be found on the website, or if these are not available, they can be requested from the Financial Services Authority. Accompanying this restoration application, the applicant should provide the reasons for the original dissolution and grounds upon which the application reinstating such is based, supported with applicable documents. Settlement of all outstanding fees and penalties has to be paid as well as any agent fees that are still unpaid. The company should also make sure that its accounting records for the last seven years are complete.The company, upon restoration, should be put under obligation to observe all the existing regulatory requirements such as filing the register of directors and maintaining a register of beneficial owners under the Beneficial Ownership Act 2020. A consultation with any professional who has experience in Seychelles Company Law would make it easier and smoother while ensuring compliance and a quick reinstatement of the companies.

What is a good business to start in Seychelles?

A good business to start in Seychelles focuses on how to tap into the country's thriving tourism business, an emerging digital economy, and an enabling business environment. Seychelles is a land of beautiful islands and luxury resorts, thereby offering a number of ventures for entrepreneurs to engage in. Some of these ventures are: Eco-tourism activities Seychelles eco-tourism is one of the excellent businesses to start in Seychelles with a heavy emphasis on environmental sustainability. This could range from guided nature tours, diving excursions to eco-lodges explaining natural beauty about the island with minimal environmental damage. More tourists are increasingly seeking green travel; thus, an eco-tourism enterprise would therefore guarantee high demand and promote eco-friendly practice. Boutique Hotels or Guesthouses Seychelles attracts both high and low-budget travelers. Apart from five-star resorts, developing boutique hotels or low-budget guesthouses is an option. Distinctive, personalized experiences can attract travelers in pursuit of authentic stays that will contribute to improving the local economy and accommodate a range of budgets. Digital Marketing Services for Tourism and Hospitality With more and more local businesses looking to tap into the pool of global customers, a good business in the tourism and travel niche that can be done is offering tourism and hospitality digital marketing services. Social media management, creating good content, and SEO services will enable local hotels, tour companies, and restaurants to increase visibility for international tourists. This ideal for entrepreneurs with experience in digital marketing. Fishing Charters and Water Sports Rentals Seychelles is indeed a haven for water sports, and either fishing charters or the renting of water sports equipment are in demand at any time. It could be fishing trips, snorkeling trips, jet ski-outs for both tourists and locals, which add value to their island experience. Read more: Ideal for Seychelles company registrationStarting a business in Seychelles, either within the tourism industry, which is booming, or the growing digital sector, is rewarding. Emphasizing sustainable and customer-driven experiences helps entrepreneurs establish a good business to start in Seychelles while further developing the island's economy.

What business can I do in Seychelles?

Seychelles offers Seychelles-based and non-Seychelles-based entrepreneurs numerous business opportunities that can be accessed, particularly in businesses benefiting from the country's offshore-focused and service-driven economy. Common business operations are:

International Business Companies (IBCs): Holding IP, trading, investment, consulting, or management (may not do business in Seychelles).
Tourism and Hospitality: Hotels, hotels with guesthouses, ecotourism resorts, and tour operations.
Financial and Professional Services: Legal, accounting, or corporate services through local licensing.
Seafood and Fish Export: Leveraging Seychelles' positioning and resources.
E-commerce and Online Services: Either through IBCs or local entities with an international market focus.

Note: Non-residents typically establish IBCs for foreign operations due to incorporation convenience and tax neutrality. Nonetheless, any business aimed at the home market would require local licensing as well as adherence to local regulations.

=> Full Information: Seychelles Business Registration and Company Setup Process

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