Home Knowledge Other Jurisdictions Offshore Company Registration Seychelles Summary of Features of Seychelles Special Licence Company
General Information |
|
Company Law |
Companies (Special License) Act of 2003 |
Type of Entity |
Special Licence Company (CSL) |
Legislative Language |
English and French |
Corporate Taxation |
Tax Rate of 1.5% of Global Income |
Taxation of Foreign Profits |
Implement of Double Taxation Avoidance Agreement |
Exchange Controls |
Yes |
Shelf Companies Available |
Not Available |
Corporate Names |
|
Language |
Any language as long as the English or French translation is provided |
Name Restrictions |
Names identical or similar, offensive words are not allowed |
Name Endings Required |
Limited |
Reservation of Names Permitted |
Yes |
Requirements of Capital and Shareholders |
|
Minimum Number of Shareholders |
Two |
Local Shareholders Required |
No |
Corporate Shareholders Permitted |
Yes |
Disclosure of Shareholders information |
Required to filed with Registry, but information is not publicly accessible |
Minimum Paid-up Capital |
10% of authorized share capital |
Standard Authorized Capital |
USD1,000 |
Bearer Shares Permitted |
No |
No Par Value Shares Permitted |
Yes |
Increase or Reduction of shares capital |
Yes |
Requirements of Directors |
|
Minimum Number of Directors |
Two |
Local Directors Required |
No |
Corporate Directors Permitted |
No |
Disclosure of Directors information |
Required to filed with Registry, but information is not publicly accessible |
Meetings |
|
Annual General Meeting |
Yes |
Location of Members Meeting |
Anywhere |
Location of Directors Meeting |
Anywhere |
Quorum required for purposes of meetings |
Depend on Memorandum and Articles of Association |
Local Requirements |
|
Local Registered Agent Required |
Yes |
Local Registered Office Required |
Yes |
Local Company Secretary Required |
Yes |
Register of Member |
Shall be kept at the registered office |
Register of Directors |
Shall be kept at the registered office |
Register of Secretaries |
Shall be kept at the registered office |
Company Seal |
Optional |
Annual Renewal |
|
Filing Annual Returns |
Yes |
Prepare Annual Audited Accounts |
Yes |
Annual License Fee |
USD1,000 + 7.5% Tax |
Annual Renewal Fee |
USD200 + 5% Tax |
Annual return and accounts filing due date |
The annual returns and accounts must be filed ONLY to the Authority not more than 90 days following the end of each financial year of the company |
The filed Annual Returns and Accounts Publicly Accessible Permitted |
No |
Other Relevant Information |
|
Re-domiciliation Permitted |
Yes |
Restoration from Registry |
Yes |
Company Liquation |
Compulsory or voluntary winding up and dissolution; and strike-off by non-payment |
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