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 StabilityVery Good
Legal SystemCommon Law/Civil Law Hybrid
Disclosure of Beneficial Owner to RegistrarYes
Disclosure of Beneficial Owner to Registered Agent     Yes
Migration of Domicile PermittedYes (Incoming and Outgoing)
Non-English Language Names AllowedYes
Operational Objectsspecific to intended business
Tax ResidentYes
Tax on Worldwide Profits1.5%
Access Double Taxation Avoidance Treaties   Yes
Corporate Requirements
Minimum ShareholdersTwo
Minimum DirectorsTwo
Bearer Shares AllowedNo
Corporate Directors AllowedNo
Standard Authorized Share Capital$1000-$100000
Minimum Paid Up Capital 10% of authorized share capital
Corporate Seal No
Local Requirements
Registered Office/AgentYes
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 MeetingYes
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

Setup a CSL/PCC/Local Company

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