Yes. It has always been a duty of the directors of the company to do so. Other records include minutes of meetings, and agreements between shareholders and between directors and other officers include consents for appointments and share transfer forms. An IBC must keep such records for 7 years. The registered agent will keep copies …
Does an IBC need to keep books of accounts and other records? Read More »
Since 2021, Seychelles IBC have been required to lodge their accounting records with their registered agent in Seychelles (that’s us – A.C.T.). IBC must lodge their transactional documents (aka substantiating documents or supporting documents) e.g. bank statements, invoices, expense vouchers, receipts, accounts ledgers, and contract and agreements etc that would be used for preparing financial …
Yes, if it earns Seychelles-sourced income. Since the 1st January 2019, a Seychelles IBCs is subject to Seychelles Business Tax on its net income (profit) for a fiscal year. If it does not have Seychelles-sourced (net) income, there would be no tax liability in Seychelles, and until an IBC does so or expects to, it …
No it is not a requirement but it may be an advantage to have one, particularly if an IBC is part of a multi-national group and it earns foreign passive income.
Yes an IBC can have its own offices in Seychelles. It can lease its own offices but if it carries out income generating activities from Seychelles, it may generate Seychelles-sourced-income and be taxed on the resultant profits. Where an IBC earns foreign passive income it may still have an office in Seychelles for making or …
Yes. However, before an IBC may acquire an interest in land or buildings in Seychelles, government sanction (approval) must be obtained and a fee must be paid to government. Some business activities require a licence, which the IBC would have to apply for.
The 2 types of companies are increasingly similar, but a domestic company still needs 2 directors instead of one (who must be individuals) and 2 shareholders instead of one. This may all change shortly and the domestic company may soon also allow you to have only 1 director and 1 shareholder just like with an …
What is the difference between an IBC and a domestic company? Read More »
There are three main types of companies that may be used for international business in Seychelles: the International Business Company (IBC), the Company with a Special Licence (CSL) and the ordinary “domestic” Seychelles company. The IBC is the general-purpose option for international business and is used for most activities. Because an IBC will usually have …
It seems you have more than one type of offshore company, which one should we choose? Read More »
No. While we are always happy to meet our clients you do not have to come to Seychelles to incorporate an IBC. You can complete client registration electronically and then provide all required information to setup the IBC via email, and important original documents can follow by post or courier.However, the “best” jurisdiction will largely …
Do we have to come to Seychelles to incorporate an IBC? Read More »
Seychelles is a great place to form IBCs because it has a fast and reliable registry, formation and annual fees are relatively low, and the service providers are very keen to help and are very professional. Depending on your exact requirements you can have a Seychelles IBC for less than the BVI government fee and …
Is Seychelles the best jurisdiction for IBC incorporation? Read More »
