Company formation in Seychelles offers numerous advantages for entrepreneurs seeking a favorable jurisdiction for business operations. The Seychelles is renowned for its advantageous tax regime, including no corporate income tax and no tax on dividends. The process of company registration is straightforward and transparent, allowing businesses to commence operations swiftly. These factors make Seychelles an attractive destination for entrepreneurs and investors from around the world.

Manimama ensures a seamless company registration process in Seychelles. Trust us to provide expert guidance and support, so your business can thrive from day one in Seychelles. Start your journey with confidence, knowing you have the best team by your side.

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Legal Opinion about Seychelles as a Jurisdiction for Company Formation

Ganna Voievodina

Manimama

CEO

"Seychelles emerges as a compelling jurisdiction for company formation, particularly for those seeking a tax-advantageous and privacy-oriented environment. Its well-established legal framework, based on English common law, provides a transparent and predictable legal landscape for businesses.The offshore jurisdiction status may demand additional due diligence from financial institutions and counterparties. Ensure compliance with Seychelles' AML and KYC regulations to avoid potential legal repercussions. Seek guidance from experienced legal professionals from Manimama to thoroughly evaluate whether Seychelles aligns with your specific business needs and risk tolerance".

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Our Packages

Our comprehensive packages simplify the process of setting up the perfect legal entity for your business whether you are a small start-up, a non-profit company, or an international company. Let us guide you through every step, ensuring your business begins on a solid foundation.

Company Formation

Company formation
Registered address for the 1st year
Annual accounting requirement bookkeeping

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Annual Services

Company renewal and registered address
Annual Government Tax
Mandatory Financial Beneficiary Report

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Other Services

Set of corporate documents (certified/apostille)
Nominal service for 1 year
Offshore banking

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Key Numbers about Incorporations

3 weeks

average term of company formation

аt least 1

shareholder in the company

аt least 1

director in the company

0%

corporate income tax (CIT) rate

from 15%

personal income tax (PIT) rate

15%

value-added tax (VAT) rate

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Set up Your Company in Seychelles in Several Steps

Step 1. Initial setup

Initiating a preliminary project assessment
Preparation and filing of the package of documents

Step 2. Company registration

Choosing a company name
Appointing directors and shareholders
Appointing a local registered agent
Opening a preliminary banking account for contribution of the shared capital
Preparation of the future company’s documents
Entry of company data into the Commercial Register

Requirements for Company Formation in Seychelles

Before deciding to set up a new company in Seychelles, read the information below to understand the characteristics of an International Business Company (IBC):

Shareholders: at least one shareholder (no residency requirements; may be a natural or legal person).

Director: at least one director (may be a natural or legal person).

Company secretary: no requirements.

Minimum share capital: there is no minimum capital requirement.

Legal address: registered office is required in Seychelles.

Registered agent: is required.

Liability: limited to the amount of capital they have invested in the company through their shares.

Accounting: mandatory accounting and financial record-keeping, and requirements for annual returns.

Taxes in Seychelles

Corporate income tax (CIT)

Seychelles implements a territorial tax system. Thus taxes are levied only on income sourced within Seychelles.The company benefits from 0% CIT on foreign-earned income.

The CIT rates for local companies:

15% on the first SCR 1 million (~€70,000).‎
‎‎25% above SCR 1 million (~€70,000).‎‎

Personal income tax (PIT)

Income tax – the tax levied on personal emoluments of an individual payable by employees or their employer.

Non-monetary benefits tax – the tax payable by the employer on any benefit provided to an employed person (an employee) for example accommodation, meals, transport, insurance and others as listed in the Fourth Schedule of the Income and Non-Monetary Benefits Tax Act 2010.

The rates of income tax payable by a citizen and non-citizen employed person in respect of taxable emoluments are as follows:

from SCR 0 to SCR 8,555.5 (~€580) - 0% (for citizen) / 15% (for non-citizen);
from SCR 8,555.51 (~€580) to SCR 10,000 (~€680) - 15% of the amount in excess of SCR 8,555.5 (~€580) (for citizen) / 15% of the amount not exceeding SCR 10,000 (~€680) (for non-citizen);
from SCR 10,000.01 (~€680) to SCR 83,333 (~€5,700) - SCR 216 (~€15) plus 20% of the amount in excess of SCR 10,000 (~€680) (for citizen) / SCR 1,500 (~€100) plus 20% of the amount in excess of SCR 10,000 (~€680) (for non-citizen);
over SCR 83,333 (~€5,700) - SCR 14,883.28 (~€1,000) + 30% of the amount in excess of SCR 83,333.00 (~€5,700) (for citizen) / SCR 16,166.6 (~€1,100) plus 30% of the amount in excess of SCR 83,333 (~€5,700) (for non-citizen).

An employer shall be liable to pay tax at the rate of 15% of the value of a non-monetary benefit provided to an employed person and such tax shall be computed in accordance with Schedule 4 of the Income and Non-Monetary Benefit Tax Act in respect of each non-monetary benefit provided to the person employed. The schedule also provides for certain exemptions on benefits.

Value-added tax (VAT)

The VAT rates applicable on taxable supplies:

the 15% standard rate applied on most imported goods or services sold in Seychelles;‎
the 0% applied on exports of goods and on specific items as specified in Schedule 2 of the Value Added Tax Act, 2010 (pharmaceutical products, infant formulae, pampers and certain basic necessities and services such as education, health and financial services.).

Double taxation avoidance agreements in Seychelles: ‍Bahrain, Barbados, Belgium, Bermuda, Botswana, China, Cyprus, Ethiopia, Guernsey, Indonesia, Isle Of Man, Jersey, Kenya, Luxembourg, Malaysia, Mauritius, Monaco, Oman, Qatar, San Marino, Singapore, South Africa, Sri Lanka, Swaziland, Thailand, United Arab Emirates, Vietnam, Zambia.

Start Your Company Formation Process with Manimama

There are numerous reasons why Manimama is the leading company formation agent in Seychelles:

Expertise in Regulations of Seychelles

1. Manimama has an in-depth understanding of the legal and regulatory framework of Seychelles.
2. Our team ensures all legal requirements are meticulously met for a seamless company formation process.

Local and International Experience

1. With extensive experience in both local and international markets, Manimama can cater to a diverse range of business needs.
2. Our expertise spans various industries, providing customized solutions for each client.

Efficient and Timely Service

1. We pride ourselves on our swift turnaround times, ensuring your company is registered promptly.
2. Our efficient processes minimize delays and get your business up and running quickly.

Client-Centric Approach

1. Manimama prioritizes customer satisfaction by offering personalized support and guidance.
2. Our dedicated team is always available to address any concerns and provide expert advice.

Robust Network of Local Partners

1. We have established strong relationships with local authorities, banks, and service providers.
2. This network ensures that your business receives the best possible support and resources.

Ongoing Compliance Support

1. We provide continuous support to ensure your business remains compliant with laws of Seychelles.
2. Our team keeps you updated on any regulatory changes that may impact your company.

Frequently Asked Questions

What are the benefits of a company formation in Seychelles?

Company formation in Seychelles offers numerous benefits, including 0% corporate income tax, no capital gains tax, and no withholding tax on dividends. The jurisdiction also provides strong confidentiality protections for shareholders and directors, and the registration process is straightforward and quick.
What types of companies are the most popular in Seychelles?

The most common types of companies formed in Seychelles are International Business Companies (IBCs).
What is an International Business Company (IBC) in Seychelles?

An IBC is a flexible and widely used business structure in Seychelles, ideal for international trade, investment activities, asset protection, and holding intellectual property. IBCs benefit from minimal reporting requirements and tax exemptions on global income.
What are the requirements for formation of a company in Seychelles?

To form a company, you need at least one shareholder and one director. A local registered office and registered agent are also required.
How long does it take to form a company in Seychelles?

The formation process is usually taking 3-4 weeks,if all required documentation is provided and there are no complications.
Are there any residency requirements for directors or shareholders?

There are no residency requirements for directors or shareholders of an IBC in Seychelles. They can be individuals or legal entities from any country.
What is the minimum capital requirement for a company in Seychelles?

There is no minimum capital requirement for IBCs in Seychelles.
Can a company open a bank account in Seychelles or abroad?

Yes, a company can open a bank account in Seychelles or in any other country. Many international banks are familiar with Seychelles companies and offer corporate banking services to them.
What are the tax obligations for an IBC in Seychelles?

IBCs are exempt from corporate income tax, withholding tax on dividends, capital gains tax, and stamp duties. However, they must pay an annual government fee to the Seychelles FSA.
What are the requirements for maintaining a registered office and agent?

Every company must have a registered office and a licensed registered agent in Seychelles. The registered agent acts as the liaison between the company and the Seychelles authorities.

Semen Kaploushenko

KUNA, CBDO

"Manimama OU's team delivered exceptional legal guidance for our business setup, ensuring a smooth and efficient process. Their professionalism and expertise were evident in every step."

Vadym Grusha

Trustee Wallet, CEO

"We were impressed by the comprehensive legal solutions offered by Manimama OU. Their in-depth knowledge and client-centric approach made all the difference in navigating complex regulatory requirements."

Yuriy Soshenko

WhiteBit, CLO

"The legal support from Manimama OU was outstanding. They provided clear, actionable advice that greatly benefited our international business expansion."

Manimama as the Best Solution for Your Company Formation in Seychelles

Choosing the right partner for company registration is crucial for a smooth and successful business launch. At Manimama, our legal experts specialize in navigating complex legal landscapes, providing holistic solutions tailored to your needs.

Comprehensive Legal Expertise
Since our inception, Manimama has been at the forefront of tackling intricate legal challenges with innovative and thorough solutions. Our team of dedicated lawyers evolves alongside our firm, reflecting our people-centric philosophy and commitment to excellence.
Results-Driven Approach
Manimama is a results-oriented law firm that offers an extensive array of legal services to both individuals and corporate entities. We pride ourselves on maintaining the highest standards of integrity and a "client-first" approach, leveraging our extensive skills and knowledge to achieve the best outcomes for our clients.
Global Presence and Local Expertise
Our journey began with the establishment of Manimama OU's first European office in Estonia, a country renowned for its progressive regulation of virtual currencies, international investments, fintech, and gambling sectors. Estonia’s favorable tax system and digital-friendly investment climate provided a robust foundation for our expansion.
Community Commitment
At Manimama, we believe in giving back to society and making a positive impact. Our commitment to social responsibility is integral to our operations, ensuring that we contribute to making the world a better place while helping our clients achieve their business goals.

By choosing our company formation service in Seychelles, you are partnering with a law firm that values integrity, expertise, and client satisfaction. Let us help you set up your company in Seychelles and pave the way for your business success.