Laws and practice in the Seychelles change. This article reflects the situation when it was written. The current law is on our page of the IBC Act, and we answer your questions in the chat for free. IBC Act →
An IBC may not engage in the business of banking, insurance, trusts and foundations
Prohibited IBC names
What words are prohibited in offshore IBC names? Do you have a list?
An IBC may not engage in the business of banking, insurance, trusts and foundations. Therefore, any words that may indicate such business and mislead third parties are prohibited. There are some other reasons for the rejection of a name.
Section 11(3) of the International Business Companies Act states:
"No company shall be incorporated under this Act under any name which -.
- Is identical with that of a body corporate or that under which an existing company is already incorporated under this Act or registered under the Companies Act, or is similar to the name of another company calculated to deceive, unless the existing company gives its consent;
- Contains the words: Insurance Bank Building society Chamber of Commerce Fund Cooperative Royal names (King, Emperor, Prince etc.) Assurance Municipal names (Country, Region etc.) Trust Foundation Please also do not use words that have a similar meaning to those mentioned above, or any other word that, in the opinion of the Registrar, suggests or describes the Seychelles or the Government of the Seychelles or any other country or the Government of that country.
- Is indecent, offensive or, in the opinion of the Registrar, otherwise objectionable or misleading.
You can find more and further information in our Lexicon/Glossary or in the IBC Act.
