Offshore
Set Up a Seychelles Company
The lowest-cost offshore: an IBC in a day or two, zero tax on foreign income. For trading and small holdings.
At a glance
Tax
0% on foreign income
Formation
1 to 2 working days
Minimum structure
1 director, 1 shareholder
Cost
The lowest of the three offshore options
The Seychelles International Business Company is the most economical vehicle in the offshore world: formation in a day or two, low annual fees, one director and one shareholder suffice, no residency requirement. Income earned outside Seychelles is not taxed; the 2021 amendments made the tax basis territorial.
The same amendments made it mandatory to keep accounting records at the registered office and submit them periodically. Shareholder and director details are not public. Recognition with banks and investors is lower than the BVI or Cayman; it therefore suits international trading and small holdings, not fund structures.
Why here
When this jurisdiction is the right choice.
- The lowest setup and annual cost.
- Remote formation in a day or two.
- Shareholder and director details not public.
- A sufficient structure for international trading and small holdings.
Entity types
Which structure, for whom.
IBC
The standard offshore company; may not operate inside Seychelles.
Special Licence Company (CSL)
A licensed, partly taxed structure for those seeking treaty access.
Process
Formation step by step.
- 01Name approval (suffix such as Limited, Corp, Inc)
- 02Registered agent appointment
- 03Passport, proof of address, bank reference where needed
- 04Memorandum and FSA registry filing
- 05Certificate of incorporation, 1 to 2 days
- 06Bank account: outside Seychelles, planned ahead
- 07Accounting record system set up
After formation
What has to happen every year.
- Annual registry and agent fee
- Accounting records kept at the registered office and submitted periodically
- Beneficial ownership register kept current
- Local tax if there is Seychelles-sourced income
Same country
Other options.
Frequently asked
The in-country registry, licence and agent steps of the formation file run through our licensed formation partners in the relevant jurisdiction. Structure design, contracts, the bank file and the tax and notification effect on the Turkish side are managed by Defensible. Rates and thresholds summarise the headline rules at the time of writing; we check the current text together on your own file.
Can a Seychelles company get a bank account?
Yes, but the options are narrower than for the BVI. Digital banks and certain EMIs work; traditional banks require evidence of activity. The account plan must be made before formation.
Let's work out which structure fits you in 15 minutes.
Tell us where you sell, who you are and what you are aiming at; we will say in the call which jurisdiction and entity type make sense. Formation itself is a separate engagement, scoped and priced there.
Book a 15-minute call