Application for Seychelles Non-Domestic Insurer Licenses is guided by the Insurance (Non-domestic Insurance Business) Regulations, 2009 which governs the conduct of non-domestic insurance business activities in Seychelles.
Key Features
A Non-domestic insurer in Seychelles is one who carries out foreign insurance business but is regulated from Seychelles.
Legal Requirements
Requirements | Description |
General | |
Corporate vehicle permitted | Seychelles Domestic Company, Protected Cell Company |
License application fee | |
Annual license fee | |
Local physical office required | No |
Share capital or equivalent | |
Minimum paid up capital | (General and long term insurance) (Solely reinsurance) USD 25,000 (Solely captive insurance) |
Directors | |
Minimum number | No |
Corporate directorship allowed | Yes |
Local director required | No |
Shareholders | |
Minimum number | No |
Corporate shareholder allowed | Yes |
Local shareholder required | No |
Service Providers Required | |
Company secretary | Yes |
Auditor | Yes |
Legal adviser | Yes |
Tax Treatment
The Business Tax Act does not apply to a licensed Non-domestic Insurer.
Duration to Set Up
About 3 months
Distinctive Benefits of Licence
- Ease and speed of establishment
- Favourable compliance restrictions
- Friendly regulatory environment
Why AAA Management services
- End to end comprehensive service
- Speedy and efficient service
- Expert advice on structuring options
- Dedicated ongoing compliance support
- Extensive network pool of service providers