Seychelles Offshore Company

Formation and Management. Nominee director and offshore bank accounts available for International Business Companies.

Seychelles Offshore Legislation Acts

International Business Companies Act, 1994 - Legislative act regulating registration and functioning of Seychelles International Business Companies. Enacted in 1994.

Companies (Special Licences) Act, 2003 - Legislative act regulating company functioning, procedures of registration, obtaining and revocation of Special licence, taxation and secrecy matters, exemptions and fees. Enacted in 2003.

Companies Ordinance, 1972 - Legislative act regulating Seychelles company incorporation, alteration, winding-up, management and administration, setting out general provisions. Enacted in 1972 and regulating also BVI overseas companies prior International Business Companies Act, 1994.

Limited Partnerships Act, 2003 - Legislative act regulating registration and functioning of limited partnerships, including interpretation and modifications of general law, changes in registered particulars, legal proceedings, fees and exemptions. Enacted in 2003.

International Trusts Act, 1994 (Act 26 of 1994) - Legislative act regulating creation of international trusts, appointment, duties, general powers and liability of trustees, interests and powers of protective trusts, failure and termination issues. Enacted in 1994.

Mutual Fund Act, 1997 - Legislative act regulating Seychelles mutual funds - defining conditions for a mutual fund to trade in Seychelles, setting out licensing and audit requirements, describing mutual fund administration and supervision. Enacted in 1997.

Interactive Gambling Act, 2003 - Legislative act that regulates interactive gambling and provides for connected matters. Describes interactive gambling licensing in Seychelles, audit and disclosure requirements, limitations and other regulations. Enacted in 2003.

Financial Institutions Act, 2004 -

Legislative act that repeals and replaces the Financial Institutions Act, 1984 and regulates Seychelles financial institution licensing and management, amalgamation, transfer and winding up, seizure by central bank, defines capital and prudential requirements. Enacted in 2004.

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30/09/2006
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10/11/2007
With a view to promote Seychelles offshore business, the Seychelles International Business Authority (SIBA) has recently sponsored two important events in offshore community - Asia Offshore Association Conference and International Tax Planning Association meeting.
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01/10/2007
On September 19, 2007, the Embassy of the Republic of Seychelles was officially opened in Beijing, People's Republic of China. The Ministry of Foreign Affairs of Seychelles announced the opening in the beginning of September.
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07/09/2007
Barclays Bank indicated the Seychelles as a country with good money laundering control in offshore banks. The strict control measures used for offshore banking branches in Seychelles are to be applied in Ghana.
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24/08/2007
Seychelles has re-entered the Southern African Development Community (SADC), which now has 15 members. Seychelles had already been SADC member previously, but it quit it.
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18/08/2007
In 2006, a 13.71% rise was recorded by the Seychelles Credit Union (SCU) on its general reserve. Capital available for immediate disbursement to clients has risen by 137%.
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02/08/2007
According to Seychelles President James Michel's expectations, the Seychelles' economy is to grow by 7.5% in 2007 as far as investment in the jurisdiction's keeps on increasing.
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09/06/2007
In the beginning of June, Russia's Federal Tax Service (FTS) has announced that Russia should sign agreements on exchange tax information with the Seychelles and other offshore jurisdictions.
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20/05/2007
May 23, Barclays Bank will open a new retail branch of Barclays Bank (Seychelles) at the Providence Industrial Zone, which was chosen by the Bank as far as over the years it has seen an increased level of business activity.
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05/05/2007
It was announced on May 1 that Emirates Hotels & Resorts has decided to support Seychelles resort - it is investing $253 million in a project in this country.
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15/04/2007
The Seychelles and Kenya have signed a new bilateral agreement to provide for increasing trade between their capitals Victoria and Nairobi.
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30/03/2007
According to the National Statistics Bureau, the Seychelles' tourism industry has showed a good start, which was marked by an increase in visitor arrivals of 15% during January, February and March of 2007.
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10/03/2007
The Embassy of Seychelles in the capital of Italy, Rome, was opened in the end of February. The establishment of the Embassy is aimed at reinforcing the diplomatic relationship between the Seychelles and Italy.
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14/02/2007
As a result of the visit of Chinese Head of State to the Seychelles in February, 2007, China and Seychelles agreed to promote pragmatic co-operation in tourism, human resources, fishery and other areas.
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05/02/2007
Members of the National Economic Planning Council of Seychelles were looking for ways to increase the economic growth of the country. Their meeting took place on January 31, 2007.
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24/01/2007
In 2006 the number of tourists in Seychelles was 140 627. According to the chief executive officer of the Seychelles Tourism Board, the country hopes to increase this record figure, with a target of 10% growth in overall arrivals.
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18/12/2006
At announcing the Appropriation Bill 2007, the principal secretary for Finance, Lekha Nair, confirmed the fact that the Seychelles had cleared all its debts to multi-lateral organizations, which improved its international profile.
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01/12/2006
After quite a hard year 2005, the Seychelles has been experiencing an impressive economic growth of 4.5% in 2006. The economic outlook of the Seychelles' situation was presented by the International Monetary Fund mission after its visit in November in the form of concluding statements.
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17/11/2006
A bilateral Double Taxation Avoidance Agreement between the Seychelles and the United Arabs Emirates signed on September 19 was approved by the United Arabs Emirates' cabinet on November 12.
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10/11/2006
According to United Nations Development Programme's (UNDP) 2006 Human Development Report, the Seychelles takes the 47th position in the rating of countries with high human development. It has been ranked 47th among 63 countries with high human development.
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13/10/2006
Seychelles cleared its credit to the World Bank, as of October 6, 2006. Now all the bank's loans to the Seychelles or the loans guaranteed by the Seychelles have been restored to accrual status. The country's arrears to the International Bank for Reconstruction and Development amounted to approximately USD 770 thousand.
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02/10/2006
Standard & Poor's Ratings Services assigned its 'B' credit rating to the Seychelles - 'B' long-term and 'B' short-term foreign currency sovereign ratings, and its 'B+' long-term and 'B' short-term local currency sovereign ratings - as well as characterized its outlook as stable.
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19/09/2006
Seychelles and the United Arabs Emirates signed a bilateral Double Taxation Avoidance Agreement in Singapore. The new agreement will strengthen the existing economic relationship between the two countries and will provide an inducement to people of both countries to draw their attention to increasing investment, trade and employment opportunities.
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