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Company Formation Seychelles



Minimum Share Capital for Opening a Seychelles IBC Company

Updated on Tuesday 19th February 2019

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Minimum-Share-Capital-for-Opening-an-Offshore-Company-in-SeychellesSetting up an offshore company in Seychelles has many benefits for foreign investors. From enhanced protection related to their personal assets to some of the lowest taxes in the world, the Seychelles offshore company represents one of the best ways of setting up a business. However, the establishment of an offshore company in Seychelles also comes with the responsibility to comply with the requirements imposed by the local legislation. Among these requirements are the ones related to ensuring a minimum share capital for the offshore company in Seychelles.

Our company formation agents in Seychelles explain below the main requirements related to the share capital when setting up an offshore company. We can also assist with the registration of such company, in accordance with the legal requirements imposed by the International Business Companies Act which came into effect in 1994 and has undergone a continuous modernization ever since.

Offshore company registration requirements in Seychelles

The registration of an offshore company in Seychelles implies respecting a few requirements, among which:

  • -          ensuring the minimum shareholding structure requirement and having a local address in Seychelles;
  • -          ensuring the company has at least one director, who can be a resident or non-resident natural person or corporation;
  • -          ensuring the minimum share capital requirement which must comply with the activities of the company;
  • -          ensuring the offshore company has a minimum authorized share capital, which can be denominated in any currency.

As seen above, a Seychelles offshore company must have a minimum paid-up capital, an authorized capital and a subscribed capital. Our local consultants can offer more information on the share capital requirements related to setting up an IBC company in Seychelles.

Types of share capital for offshore companies in Seychelles

According to the International Business Companies Law, there are 3 types of share capital available for offshore companies in Seychelles. These are:

  • -          the authorized share capital;
  • -          the paid-up share capital;
  • -          the subscribed share capital.

It is important to know, however, that the law does not impose a minimum amount of money to be deposited in a bank account as a share capital when opening an IBC company in Seychelles.

The authorized share capital of a Seychelles offshore company

Under the law, the authorized share capital of an offshore company in Seychelles is represented by the amount of money prescribed by the business’ Memorandum and Articles of Association. The authorized share capital is decided by the shareholders and usually represents the amount of money used for the operations of the company until it starts to make profits. It should be noted that there are no specific requirements for an authorized share capital when setting up an offshore company in Seychelles.

The subscribed share capital of an offshore in Seychelles

The subscribed share capital is another type of capital an offshore company can have. The main difference between the subscribed and the authorized share capital of a Seychelles offshore is that the former is deposited by the shareholders in return for the shares they will be issued. This means that the greater number of shares issued for a shareholder, the larger the share of the company will be owned by the respective shareholder.

The paid-up share capital of an IBC company in Seychelles

The paid-up capital is the actual amount of money deposited in the Seychelles offshore’s bank account upon registration. Even if the law does not impose a minimum amount of money, each shareholder is entitled to contribute to the amount of money they want in the company. This is also when the subscribed capital turns into the paid-up capital of the Seychelles IBC company. This will also the time when the shareholders earn the right to make decisions in the company. In other words, the paid-up share capital allows the shareholders to make decisions in relations to the activities and future of an offshore company.

Shares issued in an offshore company in Seychelles

The share capital of an offshore company is divided into shares. Compared to other countries, IBC companies cannot issue bearer shares to their shareholders, however, it can issue registered shares which can take the form of:

  • -          voting shares which will grant the shareholders the right of voting for various action int the company;
  • -          non-voting shares which are usually issued for minority shareholders, based on their contribution;
  • -          no par value shares and unnumbered shares which can be issued to minority shareholders;
  • -          common shares, preferred and redeemable shares can also be issued by a Seychelles offshore.

For assistance in registering an offshore company in Seychelles, please feel free to contact us.

Meet us in Victoria

Call us now at +248 4321018 to set up an appointment with our business consultants in Victoria, Seychelles. Alternatively you can incorporate your company without traveling to Seychelles.

As a Valsen Fiduciaries client, you will benefit from the joint expertize of local lawyers and international consultants. Together we will be able to offer you the specialized help you require for your business start-up in Seychelles.

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