Seychelles Trusts

Licenced And Regulated In Seychelles

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+248 2632111

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Who can be a director?

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 as a director in some other way. It is generally recommended that someone with a good clean record is appointed because a director’s past is likely to be scrutinized at some point particularly if a bank account will be required. Most banks will reject an application if a person with a colourful past is involved.

As an alternative to individual persons, any corporate entity from anywhere in the world may be appointed. The corporate entity must be in good standing on its register.

A person (whether an individual or a corporation) who is competent and who is responsible should normally be appointed. Directors are responsible for the affairs of the company and owe duty of care to the company.

The management and control of the company may be placed in the country where the directors reside. This may have important implications in legal proceedings and in taxation matters.

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