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Steps to Register an Offshore Company in Seychelles

Nov 18th 2015 at 1:14 AM

There are many advantages of registering a company offshore in Seychelles, from lower costs, availability of names, privacy, tax benefits, and simplicity of financial statement reporting, among others. That said, it is necessary to have a local licensed registered agent or company secretary to register a company in Seychelles depending on the type of company. Follow these steps if you want to incorporate a company in Seychelles:

Step 1: Talk to a consultant or advisory firm that specialises in matters of Seychelles company formation. Even if you end up not hiring them, you can still benefit from a one-on-one consultation. A professional corporate services provider can do the following for you:

· Give you guidance on the relevant Seychelles laws and regulatory requirements for your purposes

· Assess your key objectives and goals and formulate the best solution

· Prepare all company formation documentsto complete the project

Step 2: Together with the consultant, you need to prepare the documentary requirements needed to register an offshore company in Seychelles. The list will depend on the type of company you want to put up, as well as your individual requirements. Some of the basic documents needed include the following:

· Articles of Association

· Memorandum of Association

· Resolution appointing the directors

· First resolutions of the directors

· Register of directors

· Share register

· Share certificates (if applicable)

· Declaration of Trust

· Power of Attorney

Step 3:The next step in setting up an offshore company in Seychelles is to register the documents with the relevant local registrar (equivalent to UK Companies House). There are two company registries in Seychelles: the Seychelles Financial Services Authority or FSA (for offshore companies) and the Registrar General, Companies Division (for all others).

For certain companies, namely the Special License Company and Protected Cell Company, the Seychelles FSA has to be satisfied that all of application requirements of have been met before it delivers your company documents and registers them with the Registrar General, Companies Division for the completion of the process of incorporation. Expect to wait five business days.

Step 4: Once the company incorporation is completed, your local agentwillthen collect the Certificate of Incorporation and stamped documents from the relevant Company Registrar.

Step 5: The job doesn’t stop once the formation process is completed. You will need your advisor to provide additional services depending on your requirements, such as:

· A registered office

· A registered agent (required for Seychelles IBC)

· Local secretary / company secretary services

· Offshore bank accounts

· Nominee shareholder services

· Professional director services

· Company management

Some local agents may also be able to provide you with aSeychelles virtual office complete with a legal business address and mailing address. You may likewise subscribe to a forwardingservice and/or a telephone number and answering services.

About the Company:

Sterling is a leading licensed and regulated corporate, trust, fiduciary and fund services provider delivering specialised solutions for a global clientele of international corporations, institutional investors, high net worth individuals and families as well as their intermediaries. Whether an end user of our services or an intermediary, Sterling provides an efficient, personalized approach to ensure smooth, efficient delivery of services that meets the requirements of each client.

Sterling establishes, manages and administers offshore companies and international companies, offshore trusts, private foundations and funds utilized in various structures for an international clientele spanning over 80 countries.  These entities combined with Sterling's supporting services allow us to provide a number of different solutions designed to achieve specific objectives of our clients.  These objectives broadly include asset protection, international investment, tax optimization and foreign market entry.

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