AmPlus Business Services Limited |
Hong Kong Company Formation / Offshore Bank Account Opening |

Background |
|
| Location |
The Seychelles (comprising 117 islands) is located in the Indian Ocean between 4 and 5 degrees south of the equator. |
| Population |
About 87,000 |
| Economy |
The Seychelles economy is primarily based on tourism, commercial fishing and a thriving offshore financial services industry. Recent years have seen substantial expansion in the financial services sector and the hotel and tourism sector. |
| Official Language |
English, French and Creole |
| Legal System |
Modelled on English & French law, with "offshore" and corporate laws heavily statute and Common Law-based. |
| Currency | Seychelles rupee (approx USD 1 : SCR 14.2) |
| Exchange Control |
Seychelles offshore companies are exempted from exchange control. |
| Time Zone |
GMT +4 |
Key Corporate Features |
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General |
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Type of company: |
IBC |
|
Principal corporate legislation: |
International Business Companies Act 1994 |
|
Shelf company availabe: |
Yes |
|
Taxation on foreign income: |
Nil |
|
Double-tax avoidance treaties: |
No |
| Share capital or equivalent | |
|
Standard currency: |
USD |
|
Permitted currencies: |
Any |
|
Minimum paid up: |
US$ 1 |
|
Standard authorised capital: |
US$ 1,000,000 |
| Directors or Managers | |
| Minimium number: |
1 |
| Local required: |
No |
| Publicly accessible records: |
No |
| Location of meetings: |
Anywhere |
| Members | |
| Minimum number: |
1 |
| Publicly accessible records: |
No |
| Location of meetings: |
Anywhere |
| Company Secretary | |
| Required: |
No |
| Local or qualified: |
No |
| Accounts | |
| Requirement to prepare: |
Yes |
| Audit requirements: |
No |
| Requirement to file accounts: |
No |
| Publicly accessible accounts: |
No |
| Other | |
| Requirement to file annual return: |
No |
| Change in domicile permitted: |
Yes |
Advantages of Seychelles Companies |
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Totally exempt from Seychelles income tax if no business in Seychelles. |
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No disclosure of shareholders or directors to the public or the government. |
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Only one shareholder and director is required. |
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Do not require a resident secretary, local shareholders, or local directors. |
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Minimum issued and paid up share capital required is US$ 1. |
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No mandatory requirement for annual return / accounts filing. |
Restrictions on Seychelles Companies |
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Prohibit from carrying on any business with persons residing in Seychelles. |
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Prohibit from undertaking any activity that would associate with the banking and insurance industries. |
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Prohibit from selling its shares to the public or owning an interest in real property in Seychelles. |
Seychelles Companies Setup Requirement |
|
| Share Capital |
Minimum US$ 1 issued and allotted share capital. |
| Director |
At least one, no nationality limitation, individual or corporate is also allowed. |
| Shareholder |
At least one, no nationality limitation, individual or corporate is also allowed. |
| Company Secretary |
Not required but a secretary is normally appointed to facilitate signing obligations. |
| Registered Agency /Address |
Require one local authorized registration agency. Registered office must be maintained in Seychelles. |
| Processing Time |
Tailor-made company, about 8 - 10 working days. Ready-made company, 2 - 3 working days |
Seychelles Companies Setup Procedure |
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| Tailor-made Company | |
| Step 1 | |
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Suggest at least 3 company names for the proposed company. |
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We will conduct name search to ensure the proposed names have not yet been registered. |
| Step 2 | |
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Provide basic information about directors and shareholders (including address, nationality and passport or ID card copy), company secretary and registered address. |
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Confirm company structure and share allocation. |
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Fill in the related order form and provide identification documents together with the first payment. |
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Step 3 |
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We will prepare incorporation / registration documents and send to you by email for your signature. |
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You will need to sign incorporation / registration documents and send back to us for processing. |
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Step 4 |
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We will collect Certificate of Incorporation (CI) upon approval of registration and prepare company kit for the new company. |
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Upon completion, you will settle the final payment and receive full set of incorporation / registration documents and company kit by courier. |
| Ready-made Company | |
| Step 1 | |
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Choose a preferred company name from the ready made companies list. |
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Provide basic information about directors and shareholders (including address, nationality and passport or ID card copy). |
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Fill in the related order form and provide identification documents together with the first payment. |
| Step 2 | |
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We will prepare relevant incorporation / registration documents and send to you by email for your signature. |
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You will need to sign the incorporation / registration documents and pass them back to us together with the final payment. |
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Step 3 |
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We will send copy of CI to you for confirmation and prepare the company kit. |
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You will receive full set of incorporation / registration documents and company kit by courier upon completion. |