How can I reinstate a dissolved company in Seychelles?

The reinstatement of a dissolved company in Seychelles would, in principle, involve establishing the nature of its dissolution, whether voluntary or administrative based on grounds of non-compliance, for example, if annual fees have not been paid. While voluntary dissolutions usually go through the courts, some administrative dissolutions, in cases where applicable, can be resolved directly with the Registrar within strict timelines.

In the case of administrative restoration, there usually would be an ability to apply anytime within one year from the strike-off or within five years after the date of dissolution. The Registrar would consider whether or not the company maintains current accounting records and has registers of directors, members, and beneficial owners. The documents essentially required for making the application would include a Certificate of Incorporation, Memorandum and Articles of Association, and Certified Registers. These can be found on the website, or if these are not available, they can be requested from the Financial Services Authority. Accompanying this restoration application, the applicant should provide the reasons for the original dissolution and grounds upon which the application reinstating such is based, supported with applicable documents. Settlement of all outstanding fees and penalties has to be paid as well as any agent fees that are still unpaid. The company should also make sure that its accounting records for the last seven years are complete.

The company, upon restoration, should be put under obligation to observe all the existing regulatory requirements such as filing the register of directors and maintaining a register of beneficial owners under the Beneficial Ownership Act 2020. A consultation with any professional who has experience in Seychelles Company Law would make it easier and smoother while ensuring compliance and a quick reinstatement of the companies.