Africa Common Law
Founders maintaining a pre-2019 IBC (International Business Company), Seychelles
The Seychelles IBC (International Business Company) Act 2016 underpins legacy holding structures incorporated before EU and FATF pressure. Annual maintenance below USD 1,500 keeps grandfathered SPVs cheap to run.
Seychelles IBCLow maintenanceLegacy structures
Start setup {placement} 4 min · no card required
Corp tax
0%
Fastest setup
7 days
Tax treaties
28
Region
Africa
What you'll need
- No resident director required
- Local registered office required
- No substance requirement
- Minimum capital: USD 1
- Administrative language: English
- Legal system: Common law
Tax and treaty profile
- Corporate tax 0%
- Tax treaties 28
- VAT rate 15%
- Withholding on dividends 0%
Key treaty partners
ChinaUAESouth AfricaMauritiusCyprusBelgium
Banking and payments
- Banking is restrictive without local presence
- Stripe not supported
Considerations
If reputation, banking, or any new operating activity matters
Seychelles exited the FATF grey list (February 2024) and the EU non-cooperative list (October 2024) — but banking remains slow (180 days) and Stripe / Mercury / Wise still do not support Seychelles entities. Almost any operating use case is better served elsewhere:
No Stripe/Mercury/WiseSlow bankingLegacy reputation lingers