Yes but we refer to them as Professional Councillors. We have short listed approved individuals who may provide this service. We can also provide a corporate Professional Councillor. A Professional Councillor will sign an agreement undertaking to not act against your wishes, aims and interests. You can also appoint your own professional Councillor, perhaps your …
There is no minimum initial capital requirement however in practice a minimum of 1 unit of any international currency is used as the initial asset. The typical amount for the initial asset is United States Dollar One Hundred (USD 100).
Yes, corporate Councillors are allowed. Any company, Foundation or Limited Liability Partnership from any acceptable country can be a Councillor of a Seychelles Foundation.
One. A Foundation Council must have at least one Councillor.
You can save on time. The Councillors manage the Foundation and take care of the statutory obligations, leaving you with more time for the core activities of the Foundation or the more important things in life. A Professional Councillor can also monitor the affairs of the Foundation more closely and provide independent oversight. You might …
What are the benefits of having a Professional Councillor? Read More »
Any individual person over 18 years old may be appointed. The person must not have been declared bankrupt, must not have been convicted of a crime or must not have been disqualified to act in some other way. It is generally recommended that someone with a good clean record is appointed because a Councillor’s past …
Yes, corporate Councillors are allowed. A corporate entity from most other countries can be used but the corporate entity must still be on the register of companies wherever it is registered, and it should be kept in good standing. Its objects must also allow it to act.
No. It is totally optional. As the registered agent we often also fulfil some of the secretarial duties but we are not the Company Secretary. We are happy to prepare most statutory resolutions and other simple documents for free and we are happy to help the overseas company secretary out if one is appointed.
Yes Seychelles law recognises digital signatures, and specifically recognises the service provided by Docusign.
Normally it is the Councillors but anyone can also be appointed as a signatory to bank accounts – bank signatories do not have to be Councillors or other officers. A power of attorney can also give a person who is not a Councillor.
