10 Key Benefits of Setting Up a Seychelles Company
1. No need to declare non-local (Seychelles) business activities
2. No tax filing required for offshore international business income and profits
3. No minimum requirement for registered capital
4. No capital verification required; no need for capital to be paid up
5. Offshore bank accounts can be opened in any country
6. An English company name is required for registration; a Chinese company name may also be added
7. No audit report submission required
8. Protects members’ privacy; shareholder and director information is not publicly disclosed
9. A corporate bank account can be opened with Hong Kong banks
10. No foreign exchange controls
For more benefits and information on registering an offshore company, please refer to:
Offshore Company Development Trends | 10 Key Benefits of Offshore Companies
Register / Purchase an Offshore Company
Seychelles Company Registration Requirements
1. Shareholders and Directors
At least one company member is required, who may also serve as both the founder and director. No company secretary position is required, and there are no nationality restrictions.2. Registered Capital
It is typically set at no more than US$1,000,000. Registered capital can be as low as US$1. No bank deposit is required, and there is no need for funds to be paid in.3. Registered Address
The agent for setting up a Seychelles company will provide a registered and correspondence address in Seychelles.
4. Company Name
Please provide at least two English names for a company name search. If the company has a Chinese name, the Chinese and English names must have the same meaning. The company name must not imply any association with government bodies. Certain special words may require prior approval.5. Appoint a Registered Agent
The company must appoint a Seychelles agent to handle local incorporation procedures and documents, and to assist with annual renewal and other corporate matters.Documents You Will Receive After Registering a Seychelles Company
To register a Seychelles company, clients do not need to travel overseas in person and may appoint us to handle all procedures. Registration typically takes 8–12 business days. Upon completion, you will receive the following documents:
- Certificate of Incorporation
- Appointment of First Directors
- M&A
- Consent to Act as Director
- Application for Shares
- First Board Resolution
- Register of Directors and Officers
- Register of Members
- Certificate of Shares
- Company chop set (round chop, signature chop, steel embossing seal)
Seychelles Company Registration Process
1. Complete the Offshore Company Service Application Form – Fill in the form and submit the Seychelles company registration application;
2. Identity documents – Provide the company members’ Hong Kong ID card or passport and proof of address;
3. Information verification – General Accounting’s registration manager will contact the applicant to verify company information and complete KYC procedures;
4. Client arranges payment – Payment can be made via FPS (System ID: 106986649), bank transfer, or cheque / e-cheque;
5. Company name search – Check whether the company name can be registered as a Seychelles company;
6. Sign documents – Arrange for company members to visit General Accounting in person to sign the documents;
7. Collect documents – Completion in about 10–14 business days; collect the Seychelles company registration documents;
8. Completion – The client may commence business immediately and open a corporate bank account.
Seychelles Company Formation Fees
1. Seychelles Company Registration Fee
The cost of setting up a Seychelles company is approximately HK$6,000–HK$10,000. The exact fee depends on factors such as the company type, registered capital, and registered address.
2. Annual Fee for a Seychelles Company
A Seychelles (Seychelles) company is required to pay an annual fee, typically around HK$8,000–HK$12,000, which includes the registered agent and Seychelles registered address fees.Can a Seychelles company open a bank account?
Important Notes for Seychelles Company Registration
1. Seychelles Company Tax Filing
Offshore companies are exempt from taxes in Seychelles, including all dividends, interest, rent, compensation, and income derived from other securities and debt claims, as well as other corporate income. In addition, registering a Seychelles company is not subject to inheritance tax or gift tax. Offshore companies registered in Seychelles are also exempt from all operating stamp duties.2. Renewal Fees
A Seychelles company must pay annual renewal fees. The fee should be paid approximately two months before the incorporation anniversary date. Late payment will incur penalties.3. Accounting Records
Seychelles companies are required to submit accounting records to the agent for filing in January and July each year (twice a year). Financial statements are not required. Relevant filing fees are payable annually.Summary:
For businesses, registering a Seychelles company is a new option and opportunity. Through the detailed introduction in this Seychelles company registration guide—covering requirements, procedures, and advantages—entrepreneurs can gain a better understanding of Seychelles company registration and receive strong support in expanding into new international markets and reducing costs.
Of course, in addition to registering a Seychelles company, there are other offshore company options, such as setting up a Cayman Islands company or a BVI (British Virgin Islands) company.
