Seychelles IBC (International Business Company) charges an incorporation fee of € 795. This includes all the government charges providing a fully established Seychelles offshore company. To register an offshore account the following rules and regulations are mandatory:
- The name of the offshore company must be given. This name should not be the name of a company existing in any other offshore jurisdiction. In Seychelles, the specified offshore company to be registered can have its name in any language. However, an authorized translation will be required in case the name isn’t either English or a French name.
- The Memorandum showing the terms and union must be presented. The Seychelles Offshore Company Registry is responsible for handling this document.
- During incorporation, the Articles of Association must be filed. The Seychelles IBCs requires that all the offshore registered companies have registered offices.
- The name of stakeholders and the board of directors must be presented during registration. These names must be clearly defined with the position and roles played of each member. For Seychelles IBCs, the shareholders can be from any country or originality. In some offshore jurisdictions, only one of the stakeholder and manager is allowed for integration of an offshore company.
- The ratio of shares of every individual member must be given. This will help in profit sharing. The share ratio also helps the offshore bankers know how the income will be shared between stakeholders. In Seychelles, the shares of the offshore companies may be issued in very many forms. The shares in currency form or given in form of some needed valuables.
- The offshore tax agreement form must be filled. This acts as a written agreement for taxes to be charged on the total or subsidiary income received by the company. The IBCs in Seychelles nevertheless exempt all the offshore companies from paying taxes
