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Seychelles CSL

Seychelles Companies Special Licences (CSL) Information

» Key Corporate Features
» Seychelles General Information
» Seychelles Compliance

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 Key Corporate Features

Type of entity: CSL
Type of law: Hybrid
Shelf company availability: No
Our time to establish a new company: At least 1 month
Minimum government fees (excluding taxation): US$ 1,000
Corporate taxation: 1.5% on Worldwide Income
Double taxation treaty access: Yes
Share capital or equivalent
Standard currency: US$
Permitted currencies: Any except Rs
Minimum paid up: US$ 1 (At least 10% of authorised share capital must be issued and paid up)
Usual authorised: US$ 5,000
Directors or Managers
Minimum number: Two
Local required: No (but necessary for DTA reliance cases)
Publicly accessible records: Yes
Location of meetings: Anywhere
Minimum number: Two
Publicly accessible records: No
Location of meetings: Anywhere
Company Secretary
Required: Yes
Local or qualified: Local
Requirement to prepare: Yes
Audit requirements: Yes
Requirement to file accounts: Yes
Publicly accessible accounts: No
Requirement to file annual return: Yes, but not public
Change in domicile permitted: Permissible

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Seychelles General Information

Type of Company for International Trade and Investment
Companies Special Licences

Procedure to Incorporate
Submission of the following to FSA:
  1. A certificate signed by a legal practitioner in Seychelles to the effect that the memorandum and articles of the company with the Companies Act 1972 read with the Companies (special Licences) Act 2003.

  2. Names and addresses of shareholders and where any such shareholder is a nominee, the name and address of the person on whose behalf the shares are held by the nominee.

  3. The memorandum and articles of association duly signed and dated.

  4. A written declaration containing:

    • The names and addresses of the directors
    • The name and address of the secretary
    • The address of the registered office of the company

  5. A description of each business the company proposes to engage in.

  6. The name reservation certificate, if any has been issued.

  7. If the Authority approves 3, 4 and 5 are forwarded to the registrar of domestic companies who will register the memorandum and articles of and issue Certificate of Incorporation under the Companies Act, 1972.

  8. FSA then issues a Special Licence to the company to carry on its business.
Restrictions on Trading
Allowed and expected activities are:
  • Investment banking and advice
  • Offshore banking
  • Offshore insurance
  • Reinsurance
Business of:
  • An Investment company
  • A holding company
  • A marketing company
  • Company holding intellectual property
  • A headquarters company
  • A human resources company
  • A franchise company
  • Business under and ITZ licence
  • Any other business approved by the Authority
Powers of Company
A Seychelles incorporated Company has the same powers as a natural person.

Language of Legislation and Corporate Documents
English or French. If any other language is used it must be accompanied by a translation in either English or French.

Registered Office Required

Time to Incorporate
At least 1 month.

Name Restrictions
Anything identical or similar to a company already incorporated. Anything that implies patronage of the Seychelles, or any other government, royal, imperial or any other name that may imply that a company intends to undertake an undesirable activity.

Language of Name
The name can be in any language, but must be accompanied by a translation in English or French. The documentation will normally be in English.

Suffixes to Denote Limited Liability
Normally denoted by Limited in the case of a public company or Proprietary Limited in the case of a private company.

Disclosure of Beneficial Ownership to Authorities
Information regarding beneficial ownership is disclosed only to FSA.
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Seychelles Compliance

Authorised and Issued Share Capital

Normally Seychelles Rupees 25,000 (approx. US$ 5,000).

Classes of Shares Permitted
Registered shares, shares of no par value, preference shares, redeemable shares and shares with or without voting rights.

Bearer Shares Permitted

CSL is taxed at a rate of 1.5% on its worldwide income.

Application Fee for incorporation (One-off) US$ 200

Annual licence fee
US$ 1,000

Annual Return filing fees
US$ 200

Financial Statement Requirements
Company needs to submit only to FSA annual returns and documents related to the accounts not more than 90 days after the end of each financial year of the company.

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Information Downloads

 Seychelles CSL Fact Sheet 71KB
 Enquiry Form 34KB

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Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal or other professional advice. OCRA Worldwide does not accept any responsibility, legal or otherwise, for any errors or omission.

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OCRA (Seychelles) Limited is licensed to provide International Corporate Services in accordance with Section 3(5) of the International Corporate Service Providers Act, 2003 by the Financial Services Authority.