Seychelles are situated in the Indian Ocean southward of equator with total territory of 176 sq miles and population - 78 000 people. There are three official languages - English, French and local Creole. National currency of Seychelles is Seychelles rupee. 1 USD = 6.50 SCR

Seychelles Islands

Advantages Stable political and economical environment Relatively low costs of company registration Corporative legislation The International Business Companies Act, 1994 Business Tax Act, 1997 Form of tax-exempted company IBC (International Business Company) Authorized business activities All and any activities not prohibited by the law Providing of banking, insurance and re-insurance, trust services is subject to special license Prohibited activities Transactions with the residents of Seychelles, ownership of real estate on the territory of Seychelles Taxation IBC company is discharged from Business Tax, withholding tax and Stamp Duty Name of company Name of the company can be in registered any language (must be translated into English or French) Words Limited, Corporation, Incorporated, Societe Anonyme or Sociedad Anomina,Public Limited Company, Societe, a Responsabilite Limitee, Berhad, Proprietary, Namloze Venootschap, Besloten Venootschap, Aktiengesellschaft or Limited Life Company or abbreviations Ltd, Corp, Inc, S.A., PLC, S.A.R.L, Bhd, Pty, NV, BV, A.G. or LLC will be a part of every companies name Who executes the foundation documents? Two signatories, whose functions are limited to signing of the foundation documents and nomination of the first director Statute capital of the company No requirements Offered statute capital 5,000 USD Shares Both registered and bearer shares-class, sort and share departments - by owners' selection Shareholders - Minimum number - Nominal shareholders - Holders of trust equities One(legal or natural entity) Yes Does the law provide for non-disclosure of the information? - About actual owner of the company - About bank transactions Yes Yes Directors - minimum number - nationality and citizenship - status One (can be a legal entity) Any nationality, does not have to be a resident All the powers apart from those falling into exclusive competence of shareholders (as determined by memorandum, articles of association and/or the law) On the territory of Seychelles there has to be: - registered office - registered agent Required Required Holding of the meeting of -shareholders -directors Not required Not required Mandatory - keeping of accounting records - annual account - presentation of auditor's conclusion No No No Information at disposal of third party Complete anonymity. Copies of the following documents are information at disposal of third party: statute, constitution agreement of company, evidence of registration Documents kept at the registered office Place of keeping documents – any (must inform the registrar (Seychelles International Business Authority) where the documents are kept) Agreements on exemption from double taxation China, Indonesia Currency control No Term of incorporation 3 weeks Costs of registration of company Look for: Costs of registration and service Financial year ending on Look for: Annual support of companies Possibility to purchase a ready-made company Yes, look for: Ready made companies