Seychelle company secretary asking for account records

[7889]

Good day everyone

Recently all Seychelle IBC agents started to ask for records which are

• Are sufficient to show and explain the company's transactions;
• Enable the financial position of the company to be determined with reasonable accuracy at any time;
• Allow for accounts of the company to be prepared

I wonder what are the consequenses if i tell them that company does not have any records because it does not have bank accounts and is used for holding purposes only?

 

[Sols]

You still need to keep records even if you don't have a bank account. Accounting for a holding company is usually very easy, though. It shouldn't be much work for an accountant to sort that out for you.

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This is the probably the answer to your question.

 

[7889]

Ok but they're asking specifically for invoices, receipts, bank statements - and what if i've got none of those?

 

[Sols]

Then you tell them that you don't have invoices, receipts, or bank statements. But show them proof that the company is a holding company, such as showing registry of shareholders or share certificates, if the company holds shares. Or show other agreements that the company has entered into.

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This is the probably the answer to your question.

 

[Tepesch]

Do you know will these records stay with the agents or do you know have to file them with the government?

 

[Sols]

For now, the requirement is just that registered agents must know where the records are, so that upon request, they can be presented to the government.

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This is the probably the answer to your question.

 

[proples]

Does have anybody have a template/sample of how this record should look like?