Company Formation in Seychelles

Our subsidiary, Uniwide Corporate Services, as a licensed registration agent in Seychelles, specializes in Seychelles company formation and offshore registration services. We hold licenses for international corporate services, trust services, and private fund registration and administration.

General Information about Offshore Companies in Seychelles 

• Introduction to Seychelles Offshores: Seychelles is an attractive international financial center with modern legislation that meets international standards. It is one of the popular jurisdictions in the East African region with a favorable tax regime, making Seychelles company formation an appealing option for international entrepreneurs.
• Geographical Location: The Seychelles is a group of islands in the Indian Ocean, east of Africa. The largest island is Mahé. The Republic of Seychelles (since 1976) is an independent state and a member of the Commonwealth. The capital is Victoria. Official languages are French, Seychellois Creole, and English. The national currency is the Seychellois Rupee (SCR).
• Legal System of Seychelles: Includes elements of English common law and French civil law. The Constitution of 1993 is in effect.
• Main Economic Sectors: International tourism (with regular air connections to the UAE and South Africa), commercial fishing. International corporate services and the financial sector also play a significant role.
• Corporate Products of Seychelles: Companies registered in Seychelles are widely used in international commercial activities. The main corporate product of Seychelles is the International Business Company (IBC). Additionally, there is the possibility to register private foundations (with legal entity status) and international trusts.
• Corporate and Tax Legislation Reforms: Extensive reforms have been undertaken to ensure compliance with the latest international standards in tax transparency and anti-money laundering.
• Statistics of Business Register: By mid-2025, there are over 246,000 International Business Companies (IBCs) incorporated in Seychelles, not including trusts, foundations, and partnerships. These figures show that Seychelles continues strengthening its position as one of the most preferred offshore jurisdictions.
• State Regulator: The Financial Services Authority (FSA).

Offshores in Seychelles: International Business Companies (IBC)

Aspect	Description
Basic Information	Offshores in Seychelles are typically understood as International Business Companies (IBC).
Legislative Regulation	The status, order of establishment, and activities are regulated by the International Business Companies Act of 2016.
Type of Activity	IBC companies can conduct any lawful business activity that does not require a special license, both within and outside the Seychelles.
Annual Fee	Seychelles companies are required to pay a mandatory annual fee to renew their company’s status in the Register. Failure to pay the fee results in penalties and subsequent removal of the company from the register.
Redomiciliation	The possibility of redomiciliation (change of jurisdiction) of a foreign company to Seychelles and continuation of its activities as a Seychelles IBC is provided. This tool can be very useful, for example, if there are unfavorable changes in legislation or a sharp increase in the costs of maintaining the company in the country of initial registration. In the case of redomiciliation (as opposed to registering anew in another country), the company retains its name, existing contracts, and assets.
Company Conversion	The possibility of conversion – transforming an International Business Company (IBC) into a regular (local) company, and vice versa, is provided.
Annual Report	Companies are required to submit an annual report to the Companies Registry, including basic information about the company and confirmation of the location of its documentation.
Registration Period	From 3 days. Quick company registration process in Seychelles is an added advantage.

Taxes, Accounting, and Reporting for Companies in Seychelles

Taxes for Seychelles Companies 

• Territorial Principle: An offshore company in Seychelles is no longer entirely tax-free – since 2019, a territorial taxation principle has been introduced in the country. This means that only those companies that earn income from sources within Seychelles are subject to taxation there. Income derived from activities outside Seychelles is not taxed, which is a significant benefit of Seychelles company formation.
• Taxation of Passive Income: Starting from 2021, an important exception was introduced to the territorial principle of taxation. Passive income (such as dividends, interest, royalties or rental income) received by a Seychelles company from non-residents may now be taxed in Seychelles if the company is part of an international group and lacks adequate economic substance in Seychelles. Thus, Seychelles companies that receive foreign passive income can continue to benefit from territorial taxation as long as they satisfy the economic substance test.
• Corporate tax: Standard corporate tax rate in Seychelles is 15% on taxable income up to 1,000,000 SCR (approx. 68,000 USD) and 25% on taxable income above 1,000,000 SCR. The tax is imposed only on income received from sources in Seychelles or treated as such.

Reporting and Accounting for International Business Companies

• Financial Reporting: If there are no revenues generated from sources within Seychelles, offshore IBC companies are not required to submit financial statements to government bodies or to conduct an audit. This simplifies compliance when you register company in Seychelles.
• Document Retention: There are several requirements for the retention of corporate and financial documentation, with serious penalties for non-compliance. The financial (accounting) documentation maintained by the company should enable the preparation of comprehensive financial statements based on it.
• Keeping accounting records: Companies that maintain their accounting records outside of Seychelles are required to send these records to their registered agents in Seychelles at least twice a year. These records may include bank statements, invoices, contracts, and other documents that demonstrate the company’s financial transactions. Additionally, companies must prepare an annual financial summary and submit it to the registered agent within six months after the end of their financial year. Documents may be sent electronically. The registered agent is responsible for preserving the company’s accounting records for a minimum of seven years and must provide them upon request from the competent authorities in Seychelles.

Confidentiality and International Information Exchange

• Information about the directors, shareholders, and beneficial owners of a company is confidential. Under normal circumstances, this information is only available to the local registration agent and the bank where the company’s account is held.
• However, it is important to note that a centralized registry of beneficial owners of companies has already been established in the jurisdiction. The registry’s information is not publicly accessible, but local courts, law enforcement agencies, the Financial Services Authority, the Companies Registry, and others can access it. Beneficial owners of Seychelles companies are required to provide their registration agent with information about themselves as required by law, and the registration agent, in turn, is obliged to maintain and store the company’s register of beneficiaries and to submit the relevant information to the centralized database. Penalties are provided for non-compliance with these duties, both for registration agents and for the beneficiaries themselves.
• Seychelles takes part in the Convention on Mutual Administrative Assistance in Tax Matters as amended by the 2010 Protocol (effective from 01.10.2015) and the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information (CRS MCAA). The Seychelles began automatic information exchange in practice in September 2017.
• Seychelles has entered into double taxation agreements with the following countries: Bahrain, Barbados, Belgium, Bermuda, Botswana, China, Cyprus, Eswatini, Ethiopia, Guernsey, Indonesia, Isle of Man, Jersey, Kenya, Kuwait, Luxembourg, Malaysia, Mauritius, Monaco, Oman, Qatar, San Marino, Singapore, South Africa, Sri Lanka, Thailand, UAE, Vietnam, Zambia.
• Seychelles participates in bilateral agreements on the exchange of tax information (TIEA) with the following countries and territories: Guernsey, Greenland, Denmark, India, Iceland, the Netherlands, Norway, the Faroe Islands, Finland, Switzerland, Sweden.
• Seychelles has been removed from the EU list of non-cooperative jurisdictions for tax purposes, as the country has committed to implementing necessary reforms.

Transform your understanding of Seychelles offshore companies into action; we offer professional guidance to make your company registration straightforward and hassle-free.

Why Choose Us for Your Seychelles Company Formation

Setting up a company in Seychelles can be complex, but you do not have to navigate it alone. At Uniwide, we are licensed experts in Seychelles company formation with a deep understanding of local laws and regulations. Our team is committed to helping entrepreneurs like you establish International Business Companies smoothly and efficiently.

We offer personalised support every step of the way, ensuring that your company is registered correctly and complies with all legal requirements. Let us handle the details so you can focus on growing your business.

Key Benefits of Seychelles Offshore Company Formation

Your Seychelles IBC in Three Simple Steps

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