06.07.06
CSL company registration
Seychelles CSL is registered in the Registrar of Companies that issues the certificate. Seychelles International Business Authority (SIBA) issues the special licence upon having the confirmation of registration.
At least two individuals (to be directors), and a resident secretary (to accept service on behalf of the company) are needed for a CSL. There are no provisions for corporate directors. Meetings by shareholders and directors may be held by phone or any electronic means if they hear and recognise each other. All resolutions may happen in writing, cable, telex or e-mail. Annual returns have to be submitted to the Authority.
CSL creation is not a formal process. A detailed Application for the SIBA – and the substantial amount of information from the client and/or beneficial owner of the company - are needed for it.
A Seychelles incorporated International Business Company (IBC) or a company incorporated outside the Seychelles may become a CSL. For this, it has to submit to the Authority articles of continuation (in English or French), and certified by the Secretary which must contain the name of the company and the name which is to be used, the jurisdiction of incorporation, the date of incorporation, the amendments to memorandum and articles, or their equivalent, that are to be effective upon the registration of the articles of continuation.
Also, continuation outside the Seychelles is allowed, subject to any limitations in the memorandum and articles of association.