Documents Required for Registration of Local and Overseas Companies
The people forming the companies should be able to register any new company with the registrar general. The companies’ act of 1972 defines clearly that any company that wants to do business must be registered by the registrar of companies in the country.
To locally, you must be able to provide some documents that are supposed to be filed by the registrar of companies. To start with, you are supposed to provide a declaration that has been signed by the attorney which shows that all the due processes have been followed. The company is now subject to make an application for the incorporation document. Another document that you must provide to is the memorandum of association. A memorandum of association shows the company’s relationship with the outside people.
Another document that goes hand in hand with the memorandum of association is the articles of association. The articles of association clearly show the rules and regulations of the company. A memorandum of association must be signed by the directors of the company together with the shareholders of the company. The number of shares that the shareholders have should be clearly stated in the memorandum of association.
The registrar of companies should be able to check and verify the above documents and then be satisfied that all the required provisions for registering companies have been followed. The registrar should be able to confirm that the name of the company that is being registered does not exist in the record or the name is not contrary to the orders of the public. After the process of registering the name of the company, the registrar of companies should be able to give certification for the company to be incorporated on the date of registration. Thereafter, the certificate that is going to be issued should be able to conform to the company’s act of 1972. After all the above process a small fees must be paid for the incorporation of the company. However the fee that is paid during the registration depends on the mount of the share capital that the shareholders have in the company.
When it comes to overseas companies that do establish their business in the republic of Seychelles, they have to follow some laid down procedures. To start with, the business companies should be able to provide the required documents after a period of fourteen days from the time they established the place of their business. They should then submit the following documents which include a copy of the certified charter, memorandums articles of association and the statutes. They should also provide a list of the names of the directors with the company secretary. Finally, they should provide the names of managers for the overseas company and then pay the required fees before they can start operating.
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