Seychelles
Seychelles International Business Companies are the classic mid-tier offshore structure. The IBC Act dates to 1994 and has been refined repeatedly to maintain a clean reputation. Seychelles was removed from the EU Annex II (cooperative jurisdictions under monitoring) in February 2024. The practical impact is that EU counter-parties stopped automatically flagging Seychelles entities for additional due diligence.
What makes Seychelles different
- Removed from EU Annex II in February 2024: meaningfully better counter-party acceptance than two years ago.
- Mature IBC statute (1994, refined repeatedly).
- Strong privacy: no public register of beneficial owners or directors.
- Bitcoiner-friendly licensed agent corridor; settlement often handled in USDT.
What we collect, and what Seychelles filing requires
- Email, country of residence, intended use statement
- OFAC + EU + UN sanctions screen
- Tier 1 KYC (ID + proof of address + source-of-funds attestation)
- Beneficial Owner Declaration per Seychelles AML obligations: same fields as Tier 1 but with notarized copies
- Director Consent forms
- First Subscriber Resolution naming the initial shareholder
The honest note: Seychelles AML rules require the licensed agent to hold UBO records for at least 7 years. The state itself does not publish them, but they are accessible to FSA and to certain LE requests under MLAT.
Where Seychelles entities bank
Major US rails do not accept Seychelles IBCs. If you need US banking, the Seychelles IBC alone won't get you there. Pair with a US-domiciled WY or NM LLC.
Full banking rankingWhen this jurisdiction is right (and wrong)
If you want a clean mid-tier offshore IBC with EU-cooperative status and you're paying in BTC, Seychelles is the most efficient path. The 2024 Annex II delisting means the practical reputational drag of the jurisdiction has eased significantly.
If you're a Bitcoin operator running a foreign-source-income business from outside the US, the Seychelles IBC pairs naturally with Caribbean or Asian banking and keeps your effective rate near zero on foreign income; subject to your country-of-residence rules.
If your business model needs a non-US holding vehicle for IP licensing, royalty structures, or international service provision, Seychelles is purpose-built for it.
If you're a US person, Seychelles by itself doesn't avoid US tax. CFC and Subpart F rules apply. Forming a Seychelles IBC as a US person without a competent tax advisor is malpractice.
Bank account opening is harder than for a US LLC. Plan 30-60 days for a successful bank-account onboarding with apostilled docs.
EU counter-parties, particularly EU banks and EU corporates, may still apply enhanced due diligence on Seychelles IBCs even after the Annex II delisting. The reputation overhang is real, even if formally improved.
Common Seychelles questions
Is Seychelles still on the EU blacklist?
No. Seychelles was removed from EU Annex II (cooperative tax matters) in February 2024. It is not on Annex I (the actual blacklist) and has not been for several years.
Do I need to visit Seychelles?
No. Formation is 100% remote via the licensed agent.
How long does formation take?
5-7 business days for the company-formation step. Apostille adds 5-10 days. Bank-account opening is separate and adds 30-60 days typically.
Can a Seychelles IBC bank with a major US rail?
No. The major US business-banking rails serve US-domiciled entities only. For Seychelles, plan on a Caribbean offshore rail, our Bitcoin-native option, or an Asia-corridor rail.
What's the total Year-1 cost?
$799 is the all-in price. Year-2 onward is $599/yr for renewal.