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Seychelles Company Formation Frequently asked questions (FAQs)

1. 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).
2. Time frame and quotation of the incorporation process?

The incorporation process takes only 1-2 days since we receive all required documents and payment from your side.

What is the Requirement for the Incorporation Process?
The requirement is simple. You just need to submit 2 types of documents:
  • Scan in Color of Passport
  • Scan of Address Proof in English (Utility Bill, Bank Statement,...)

See more: How to start a business in Seychelles

3. What is the cost of registering an IBC company in Seychelles?

The fee for the registration of an IBC having an authorized share capital up to US$1,000,000 is US$ 742 our professional service fee and Government fee plus US$ 500. Total US$ 1242.

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4. How to start a business in Seychelles?

How to start a business in Seychelles?

Step 1 Seychelles Offshore Company Formation, initially Our Relationship Managers team will ask you have to provide the detailed information of the Shareholder/Director's names and information. You can select level of services you need, normal with 2 working days or a working day in urgent case. Furthermore, give the proposal company names so that we can check the eligibility of company name in the Registrar of International Business Companies system.

Step 2 You settle the payment for Our Service fee and official Seychelles Government Fee required. We accept payment by Credit/Debit Card Visa Visa Discover American , Paypal Paypal or Wire Transfer to our HSBC bank account HSBC bank account .

Step 3 After collecting full information from you, Offshore Company Corp will send you a digital version (Certificate of Incorporation, Register of Shareholder/Directors, Share Certificate, Memorandum of Association and Articles etc.) via email. Full Seychelles Offshore Company kit will courier to your resident address by express (TNT, DHL or UPS etc.).

You can open bank account for your company in European, Hong Kong, Singapore or other jurisdictions supported offshore bank accounts! You are freedom international money transfer under your Seychelles Offshore Company. 

Your Seychelles Company formation completed, ready to do international business!

Read more: 

5. Are there any other taxes payable?
Are there any other taxes payable?
6. Are bearer shares allowed, and are corporate directors allowed?
No. Bearer Shares are not allowed.. Corporate directors are allowed.
7. Can an IBC have only one director and one shareholder?
8. What about the filing of accounts?
No accounts need to be filed but accounting records must be maintained.
9. What confidentiality is granted to an IBC?
The information of Beneficial Owner of the IBC must be disclosed to The Registrar but it definitely not be published. There is no person can find your confidential information.
10. Can I set up a company in Seychelles with the Nominee Director and Shareholder?

Yes. Absolutely!

11. Where should the offshore company open a bank account?

Nowadays in the globalized world the exact location of a bank is less important than the choice of the bank itself. When choosing a bank, a number of questions should be considered.

  • What are the services available at the particular bank? 
  • What are the costs? 
  • Will your company be able to maintain the minimum required balance or satisfy any other financial requirements for the account? 
  • What are the client acceptance prerequisites at the bank? 
  • Are there any requirements of the bank that may prevent your company from becoming its client? 
  • Is the bank in Your time zone or the time zone of your clients to be able to contact it at the time you need? 
  • Do they speak Your language? 
  • What is the quality of work ethics in the particular bank or in the jurisdiction of the bank in general as this may result in good service, quick and accurate work or, on the contrary, delays, mistakes and poor attitude. 

All in all, there is no single answer as to the most appropriate location of an offshore bank account – it is always a compromise between your financial abilities, convenience and reliability.

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12. What is the timeframe for an offshore bank account opening?

The time actually starts ticking after the completed application file, which includes quite a lot of documents and information from the beneficial owner, has reached the bank. We can not really influence the time taken by the client to fill the forms and to obtain the few due diligence documents.

From the moment the file is with the bank, it can be from a couple of days to a couple of months until the bank comes up with a letter of acceptance – or, sometimes, rejection. In some cases the bankers would ask for some clarifications or additional documents from the new client. Then, obviously, the timer would stop until such information or document is furnished.

All in all, it is practically impossible to determine an exact timeframe. We would certainly share our previous experience with any particular bank, and sometimes this information gives something to go by

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13. If I use a nominee director, how can I control and operate the bank account in Seychelles?

The relationship between the beneficial owner and the professional director is regulated by the standard Terms & Conditions of business and, if necessary, by a more specific client-manager agreement.

Such agreement could determine, in particular the method of passing any instructions and information from the client to the manager and the fact that the account signatory shall never act on his own accord without express consent by the beneficial owner.

As all the instructions to the Director come exclusively from you and the Director will stay passive in the absence of such instructions, you are actually the exclusive person controlling the account.

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14. What is an example of international business?

An example of international business is when a company conducts its commercial activities across national borders, involving the exchange of goods, services, or investments with entities in other countries. Here's an example:

Company X, headquartered in the United States, manufactures high-end smartphones and wants to expand its market globally. To do so, it engages in international business activities, such as:

  1. Exporting: Company X ships its smartphones to retail partners in various countries, allowing customers around the world to purchase its products.
  2. Importing: Company X may also source components or materials from different countries to manufacture its smartphones, taking advantage of cost-effective suppliers or specialized parts.
  3. Foreign Direct Investment (FDI): To establish a more significant presence in international markets, Company X might set up manufacturing facilities or subsidiary companies in other countries. This can involve substantial capital investments and long-term commitments.
  4. Licensing and Franchising: Company X may license its technology or brand to foreign companies or enter into franchising agreements, allowing local businesses in other countries to sell its products or services.
  5. Joint Ventures: Company X might form partnerships with foreign firms to create a new entity, jointly investing in a business venture that benefits from both companies' expertise and resources.
  6. International Marketing and Advertising: Company X tailors its marketing and advertising campaigns to suit the cultural preferences and language of specific international markets.
  7. Currency Exchange and Risk Management: To mitigate currency exchange rate risks, Company X may engage in financial hedging strategies or set pricing policies based on local currencies.

In this example, Company X's activities in multiple countries illustrate international business operations, as they involve various aspects such as trade, investment, and adaptation to different markets, regulatory environments, and consumer behaviors.

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