sib.gov.sc Online Business Registration Seychelles : Investment Board

Organization : Seychelles Investment Board
Type of Facility : Online Business Registration
Country: Seychelles

Website : http://www.sib.gov.sc/index.php/info-centre/others/online-business-registration
Register Here : https://eservice.egov.sc/BizRegistration/WebBusinessRegsitration.aspx

Online Business Registration:

Entity Information Section:
1. What is an entity name?:
An entity name is the legal name of the entity as registered under the relevant law with the Registrar general.

Related : Seychelles Investment Board Investment Appeal Procedure : www.statusin.org/8591.html

2. What is Registration type?:
Partnership: Partnership means an association of persons carrying on a business as partners or in receipt of income jointly, but does not include a company. A business set up by two or more people who put money into the business and share the financial risks and profits.

Company: A Company means a body registered as a company under the Companies Act 1972 or under any other company legislation of Seychelles; or a company resident in Seychelles, irrespective of whether or not the company is registered in Seychelles or any other unincorporated association or body of persons but does not include a partnership or a not for profit entity. A company is a separate legal entity and includes all bodies or associations corporate or non-corporate, but does not include a partnership.

Individual: An individual (sole trader) is an individual who is the sole owner of a business that is neither a partnership nor a company.
Trust: A trust is the legal holding and managing of money or property belonging to somebody else.

3. What is Business Type?:
Business Type applies only if you’re registering for a business only

4. What is General Nature of Business?:
The general nature of business is the type of business you will be doing.

5. What is a Category?:
A category is the different type of class Limited, (Pty)Ltd, Overseas, PCC, CSL (these are applicable if your registering a company. And if your registering a business you simply choose Business Name.

6. Where is Commencement Date?:
The date on which the business will be in operation.

Business Address Section:
10. What is Business Physical Address?:
The main address where the business is located or based.

11. What is Business Postal Address?:
The address where we can send mail or correspondence to you

Local Contact Details Section:
11. What is Local Contact Detail?:
A person that can be contacted in the Seychelles on your behalf. (applicable for people not in the Country.)

Financing a Business :
** The major source of financing for commerce and industries in Seychelles are banks.
** There are presently 9 commercials banks and 2 non-banking financial institutions in Seychelles.
** The banking system is regulated and supervised by the Central Bank of Seychelles.

Commercial banks that are established in Seychelles :
** Barclays Bank (Seychelles) Ltd: .barclays.com/seychelles
** Mauritius Commercial Bank (Seychelles) Ltd: .mcbseychelles.com
** Nouvobanq: nvb AT nouvobanq.sc
** Bank of Baroda: baroda AT seychelles.net

** Seychelles Savings Bank Ltd: ssb AT savingsbank.sc
** Habib Bank Ltd: .habibbankltd.com/html/africa
** BMI Seychelles .bmi.com.sc
** Al Habib .bankalhabib.com/
** Bank of Ceylon web.boc.lk/

The non-banking financial Institutions :
Development Bank of Seychelles (DBS) :
** DBS is the only financial institution in Seychelles which offers long-term lending facilities at concessionary rates for productive projects. DBS finances new, modernisation and expansion projects in the field of agriculture, fisheries, industries, services and tourism. DBS also finances constructions of shops and commercial buildings and gives priority to viable projects which contribute to the country’s sustainable economic development.

Seychelles Credit Union :
** The purpose of the Credit Union is to encourage thrift among its members and to create a source of credit for lending to members for provident and productive purpose at a reasonable rate of interest. The members come together to pool their savings in a regular basis amount in order to create a source of credit.

The Seychelles Business Financing Agency :
** The Seychelles Business Financing Agency (SBFA) is there to encourage the growth of small enterprises to enable them to contribute towards the realisation of a stable and vigorous economy. It provides financial help through concessionary loans to small business enterprises while the Small Enterprise Promotion Agency (Senpa) promotes small businesses.

** There are also foreign institutions which finance development project such as Shelter Afrique, PTA Bank and IFC