Seychelles Foundations are completely exempted from payment of income, capital
gains, stamp duty, withholding or any other form of taxation in Seychelles.
A Seychelles Foundation shall have a minimum of $1 initial assets
Assets may originate from any lawful source and consist of present or future assets
of any nature
May be any individual or legal entity (including companies, trusts or even another
Foundation) and may be a “nominee”
May have two or more Co-Founders
May reserve certain rights to himself or another person in the Charter
or Regulations such as the right to direct investments, appoint/remove
beneficiaries, dissolve the Foundation, etc.
May be a beneficiary, but not the sole beneficiary
The Councilors manage the business and affairs of the Foundation
A minimum of one Councilor is required
May be natural persons or legal entities
Founder may be a Councilor but not the sole Councilor
May be identified in the Charter or Regulations (not publicly filed)
If so provided in the Charter or Regulations the Foundation may appoint a Protector
A Founder, Councilor or beneficiary may be appointed as the Protector
except that a sole Councilor or sole beneficiary shall not act as a Protector
Purpose and Objects
A Foundation's main purposes or objects shall include the management of
its assets and the distribution of its assets and income to the
Foundation’s beneficiaries in accord with its charter or regulations.
A purpose or object of a Foundation may be, but need not be, charitable.
May be (a) in the English or French language; or (b) in a language other
than in English or French, in which case it shall be accompanied by a
translation in English or French
Publicly filed constitutional document of the company which contains
details such as the name of the Founder, objects and purpose.
A Foundation may adopt a document called its “Regulations” providing,
for example, for the identification and designation of Councilors and
beneficiaries, distribution of Foundation assets, beneficiary entitlement
Unlike the charter, the regulations are a private document
(not filed at the Registry).
A Seychelles Foundation must at all times have a registered agent
in Seychelles licensed as an International Foundation Services provider
under the International Corporate Services Providers Act 2003 ( as amended).
Time to Establish
1-3 days depending on the complexity