IBC's cannot carry on business within the Seychelles and cannot undertake the business of banking, insurance, assurance, reinsurance, fund management, asset management or any other activity that would suggest an association with the banking and insurance industries.
A Seychelles IBC cannot sell its shares to the public or own real estate.

The following are not construed as carrying on any business in the Seychelles £º

• Maintaining records and a bank account in Seychelles;
• Using the services of a professional firm;
• Holding meetings of shareholders and directors;
• Holding a lease of property for use as an office;
• Holding shares or other securities in another Seychelles company;
• The memorandum of association must contain the name and address of the Seychelles registered agent.

1. Tailor made company
2. Ready made company ( Shelf Company )

• AsiaBS confirm to client whether the names can be used.
• AsiaBS send documents to client for signature by email.
• Client should return the signed documents back to AsiaBS for processing. Usually, sending by fax is sufficient.

• Copy of Certificate of Incorporation will be available to client to confirm that the company is properly formed;
• Client need to settle all service balance payment.

When Certificate of Incorporation is available to client, the company is certified to be established and client can use the company to enter into business transaction.

• Whole set of company kit and processed documents will be available to client.

Material available to client after company is formed:

• Company kit - signature chop, stainless steel seal, printed M&A etc.
• Certificate of Incorporation
• Copies of shareholders, directors etc registration documents.

If client is unable to collect the original documents in our office. We can arrange to forward the documents to client by courier. Please provide mailing address for courier fee quotation.

AsiaBS will remind client to renew the company licence each year. Therefore, keeping corresponding method update with us is important.

• Client should settle remaining service fees.
• AsiaBS will pass processed documents and company kit back to client after remaining balance payment settled.

Material available to client after company is formed:

• Company kit - signature chop, stainless steel seal, printed M&A etc.
• Certificate of Incorporation
• Copies of shareholders, directors etc registration documents.

If client is unable to collect the original documents in our office. We can arrange to forward the documents to client by courier. Please provide mailing address for courier fee quotation.

AsiaBS will remind client to renew the company licence each year. Therefore, keeping corresponding method update with us is important.

Generally, the only duty is to maintain annual licence renewal in Seychelles.

We'll send reminder to our client to help renewal.

• Company registered between 1/1 ¨C 30/6
> Annual license renewal due by 30/4 each year.
• Company registered between 1/7 ¨C 31/12
> Annual license renewal due by 31/10 each year.

Possible late renewal payment penalty:

• Within 2 months of renewal date = US$600 + 10%
• Over 2 months of renewal date = US$600 + 50%
• Over 5 months, the company will be struck off from the registration.

As long as the Seychelles company is not carrying on business in Hong Kong, there is no duty of reporting or registration to Hong Kong government departments.