Seychelles, republic, consisting of an archipelago of some 115 islands, scattered across the western Indian Ocean northeast of the island of Madagascar, a member of the Commonwealth of Nations.

Salient Features

The legislation to incorporate a company is the International Business Companies Act 1994. The type of company used for international trade and investment is the International Business Company (IBC).  IBCs set up in the Seychelles receive a favourable treatment, being exempt on tax or duty on income or profits.

An IBC cannot trade within the Seychelles or own real estate there. They cannot undertake the business of banking, insurance, assurance, re-insurance, fund management, asset management (other than the company’s own assets) or any other activity that would suggest an association with the banking and insurance industries.

A minimum of one director and one shareholder is required and corporate directors are permitted.  Details of director/shareholder are not on public records.