When examining a jurisdiction in which to incorporate, the first thing to look at is the legal code. The underlying law in SEYCHELLES is mixed (civil and common) law. You will want to get some local advice as to how to best structure a company in SEYCHELLES. E-signatures are allowed.
The letters SC is for SEYCHELLES and the most common company type in SEYCHELLES is an IBC.
The amount you'll have to wait is about 1 Day to incorporate an IBC in SC. The minimal capitalization is 0, This means you don't have any minimum share capital. The types of cash you can use to capitalize your company is most commonly any legal tender.
Yes, one is allowed to re-domicile an IBC from SC. You are usually allowed to change the jurisdiction of the company, pending certain procedures.
There must be at least 1 shareholder. This makes it possible for you to own an IBC in SC by yourself. Corporate Shareholders are permitted, which means you can have a legal entity as a shareholder. Foreign ownership is allowed, up to 100% of the total equity of the company.
An IBC is only required to have 1 director on the board. Consequently, corporate directors are permitted. Directorship information is ususally not shared with the general public.
A registered legal firm must be retained for an address, paid by the company on an annual basis, for a legal services company which can receive any lawsuit papers on behalf of the company. A related requirement, a company secretary is not always necessary, at least not by law.
There is an On that note, there is no requirement that these accounts be audited.
Thin capitalization rules are not in effect.
A corporate director is permitted, meaning this country is a good option if you are setting up a structure where you want to protect director liability.
The directors are not disclosed in the public registry of Seychelles, Seychelles Licensing Authority (SLA). Shareholders are not disclosed in the Seychelles Licensing Authority (SLA).
Typically companies take 1 day to setup and there are 1 director(s) required and 1 shareholder(s) required at the time of incorporation.
Overall we think Seychelles is a good option and have given it a score of 88 as an IO score, using the Incorporations.IO proprietary formula.
1 Dayto form