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Company Formation in Seychelles 2026 | MYFIRM GLOBAL

MYFIRM GLOBAL

Company Formation in Seychelles

Most affordable offshore · 3-day registration · 0% tax

$790Starting from

3-5 daysRegistration

0%Corp. tax

USDCurrency

Home› Jurisdictions› Seychelles

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On this page

Why Seychelles?
Key Benefits
Facts & Ratings
Taxation
Banking
Our Process
Is it right for you?
Comparison
Common Mistakes
FAQ

Overview

Why Register a Company in Seychelles?

Seychelles offers one of the world's most cost-effective and straightforward offshore company structures. The IBC (International Business Company) can be registered in 3–5 days, carries zero corporate tax on offshore income, has no public beneficial ownership register, and incurs minimal ongoing costs.

While banking directly with Seychelles banks is limited, Seychelles IBCs are widely used as holding vehicles for assets banked elsewhere — particularly EU EMI accounts and Asian banking institutions.

Advantages

Key Benefits of Seychelles

Lowest offshore formation cost

Seychelles IBC formation from $790 — among the world's most affordable offshore structures.

Zero corporate tax

No income tax, no capital gains tax, no withholding tax on offshore income.

No public register

Beneficial owners and shareholders are completely private and not accessible to the public.

3-day registration

Fastest registration among offshore jurisdictions when documentation is complete.

Simple maintenance

$200 annual government fee with minimal ongoing compliance obligations.

English Common Law

Familiar legal framework accepted by international legal and banking professionals.

At a glance

Key Facts

Entity typeInternational Business Company (IBC)

Legal systemEnglish Common Law

RegulatorFinancial Services Authority (FSA)

Corporate tax0%

Registration time3-5 days

Min. capitalNone

Public registerNo — fully private

Annual feeApproximately $200

Remote setupYes

Our rating

Jurisdiction Score

Ease of setup 9/10

Banking access 6/10

Privacy 9/10

Tax efficiency 10/10

Tax & compliance

Taxation & Compliance in Seychelles

Seychelles IBCs engaging exclusively in offshore activities pay zero corporate income tax. No capital gains tax, no withholding tax on dividends, interest, or royalties. The company pays an annual government fee of approximately $200 regardless of income.

Economic Substance requirements apply to IBCs conducting certain regulated activities. Companies conducting banking, insurance, fund management, or similar activities must demonstrate genuine economic substance in Seychelles.

Banking

Banking Options for Seychelles Companies

Direct Seychelles domestic banking for IBCs is limited. The practical approach is to use the Seychelles IBC as a holding or trading vehicle while banking in more accessible jurisdictions — EU EMIs (Lithuania, Estonia), Asian banks (Singapore, Hong Kong), or UAE institutions. MYFIRM GLOBAL helps identify the most suitable banking combination for each client's structure and business purpose.

How we work

Our Registration Process

Free consultation

Assess your structure, goals, and whether Seychelles is right for your situation.

Document preparation

Corporate documents, KYC package, and business description prepared by our team.

Name check and reservation

Verify name availability in the Seychelles official registry.

Filing and submission

We handle all filings, correspondence, and communications with the registry.

Registration and delivery

Digital and physical corporate documents delivered. Banking introduction begins.

Quick check

Is Seychelles Right for You?

Answer 4 quick questions — get a personalised recommendation from our team.

1. What best describes your business?

2. What is your expected annual turnover?

3. Is banking access a priority?

4. What is most important to you?

Our team will prepare a personalised structure recommendation for Seychelles. Contact us:

Email Us → Telegram

Comparison

How Seychelles Compares

Aspect	Seychelles	BVI	Marshall Islands	Belize
Formation cost	$790	$1,790	$1,890	$990
Annual fee	$200	$550	$450	$300
Public register	No	No	No	No
Global acceptance	Good	Excellent	Good	Fair
Registration speed	3–5 days	5–7 days	3–5 days	3–5 days

What to avoid

Common Mistakes When Registering in Seychelles

Expecting Seychelles IBC to open EU bank accounts easily

EU banks apply additional due diligence to offshore jurisdictions. Seychelles IBCs typically use EMIs rather than traditional bank accounts.

Not understanding the difference between Seychelles IBC and CSL

Seychelles also offers a different structure (CSL) for licensed activities. IBCs are specifically for offshore business.

Confusing Seychelles with full anonymity

Seychelles has signed international exchange agreements. Competent tax authorities can access beneficial ownership information through legal channels.

Not maintaining economic substance for regulated activities

Regulated activities trigger substance requirements that must be assessed before using the structure for such purposes.

Choosing Seychelles for prestige-sensitive counterparties

Some sophisticated counterparties (particularly European banks and large corporations) prefer to deal with companies from higher-prestige jurisdictions.

FAQ

Frequently Asked Questions

What is the difference between a Seychelles IBC and a BVI company?▾

Both are offshore vehicles with zero tax. Seychelles is cheaper and faster; BVI is more globally recognised and better accepted by sophisticated counterparties.

Can a Seychelles IBC open a bank account?▾

Not easily with traditional banks. EU EMIs and digital banking providers work well. MYFIRM GLOBAL prepares comprehensive documentation packages for account opening.

How is Seychelles viewed by tax authorities?▾

Seychelles is FATF-compliant and not on EU blacklists, but is subject to enhanced scrutiny as an offshore jurisdiction. All legitimate structures are defensible.

What is the annual government renewal fee?▾

Approximately $200 annually on the anniversary of incorporation, plus registered agent fees.

What activities are prohibited for Seychelles IBCs?▾

IBCs cannot conduct business within Seychelles, own property in Seychelles, or engage in regulated activities (banking, insurance, fund management) without specific licences.

How quickly can a Seychelles IBC be incorporated?▾

3–5 business days for standard registration from submission of complete documentation.