Seychelles Special License Company
A Seychelles Special License Company (CSL) is a Seychelles domestic company which is granted with a special license. This special license allows the Seychelles Company to undertake specified business activities as approved by the Seychelles. Financial Services Authority and include the following:
- Investment management and advice
- Offshore banking
- Investment Services
Businesses in:
- Marketing company
- Intellectual property holding company
- Franchise company
- Human Resources company
A Seychelles CSL can use double taxation agreements (DTA) to reduce taxable income, subject to the DTA signed by both countries.
Features of a Seychelles CSL:
General |
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| Type of the company | CSL | ||
| Type of law | Hybrid | ||
| Ready-made company available | No | ||
| Legislations | Companies Act 1972 & Companies Act 2003 | ||
Directors |
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| Minimum number of directors | Two | ||
| Corporate directors permissible | No | ||
| Local directors required | No (but necessary for DTA reliance cases) | ||
| Publicly accessible records of directors | Yes | ||
| Location of meetings | Anywhere | ||
Shareholders (Members) |
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| Minimum number of shareholders | Two | ||
| Corporate shareholders permissible | No | ||
| Local shareholder required | No | ||
| Publicly accessible records | |||
| Location of meetings | Anywhere | ||
Beneficial Owners |
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| Publicly accessible records of beneficial owners | No | ||
| Shares may be held by a nominee on behalf of beneficial owner(s) | Yes | ||
Company Secretary |
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| Required | Yes | ||
| Local or qualified secretary | Local(a licensed CSP ) | ||
Share Capital |
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| Standard Currency | USD | ||
| Permitted Currency | Any except Rs | ||
| Standard Authorised Share Capital | USD5,000 (up to USD100,000) | ||
| Standard minimum issued capital | 10% of authorised share capital | ||
| Registered Shares permissible | Bearer shares Not Allowed | ||
Accounts and Returns |
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| Requirement to prepare accounts | Yes | ||
| Requirement to file accounts | Yes | ||
| Audit requirements | Yes | ||
| Publicly accessible accounts | No | ||
Other |
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| Corporate taxation | 1.5% on its worldwide income | ||
| Double taxation treaty access | Yes | ||
| Change in Domicile | Yes | ||
If you require a Seychelles Company or need advice for your needs, please call our Expert Team who will assist you with your requirements. You are invited to call us at + 248 430 3777 / 430 3771. You may send your enquiries by email: contact@premier-seychelles.com or by fax at +248 432 5616.