Seychelles Special License Company
Special License Companies (CSL) are formed under the Companies (Special License) Act, 2003 it is registered as a normal domestic company but given a special license granting the special tax status and extra privacy provisions. Unlike the IBC, a CSL may carry on permitted business inside as well as outside of Seychelles. A CSL has substantial statutory tax advantages including access to the Seychelles Double Tax Agreements.
Seychelles CSL Usage
- Human resources
- Franchise
- Intellectual property holding
- Marketing
- Holding company
- Financial services
- Offshore insurance (additional license required)
- Offshore banking (additional license required)
Benefits:
- Taxation at 1.5%
- Access to Double Tax Avoidance Agreements
- Exemption from capital gains, stamp duty and withholding taxes
- No public disclose of owners, directors, shareholders or offices
- Strong legislation governing the protection of privacy
| CSL Summary | |
|---|---|
| Political Stability | Very Good |
| Legal System | Common Law/Civil Law Hybrid |
| Disclosure of Beneficial Owner to Registrar | Yes |
| Disclosure of Beneficial Owner to Registered Agent | Yes |
| Migration of Domicile Permitted | Yes (Incoming and Outgoing) |
| Non-English Language Names Allowed | Yes |
| Operational Objects | specific to intended business |
| Tax Resident | Yes |
| Tax on Worldwide Profits | 1.5% |
| Access Double Taxation Avoidance Treaties | Yes |
| Corporate Requirements | |
| Minimum Shareholders | Two |
| Minimum Directors | Two |
| Bearer Shares Allowed | No |
| Corporate Directors Allowed | No |
| Standard Authorized Share Capital | $1000-$100000 |
| Minimum Paid Up Capital | 10% of authorized share capital |
| Corporate Seal | No |
| Local Requirements | |
| Registered Office/Agent | Yes |
| Local Secretary | No |
| Local Directors | No |
| Local Meetings | No |
| Government Registry of Directors | Yes, not public |
| Government Registry of Shareholders | Yes, not public |
| Annual Requirements | |
| Audited Accounts | Yes |
| Annual Filing of Returns | Yes |
| Annual Meeting | Yes |
| Meeting Location | Anywhere |
| Incorporation Time | 4 weeks |
Process to setup
- Consultation if required
- Complete our online form
- Name approval within 24hrs
- Draft of constitutional documentation
