Yes. There is a specific procedure for that, called continuation. The Seychelles International Business Companies Act permits foreign companies which are registered and in good standing in their own country, to be re-domiciled into and become registered in Seychelles. Such continuation must, however, be allowed under the laws of the country of origin. Most, but not all, countries allow their corporations to be re-domiciled and continued in other jurisdictions. The continuation procedure itself is largely similar to a standard registration process for a new IBC or CSL. The main difference is that a number of additional documents must be presented to the Registrar to confirm the legal existence, good standing and proper resolution of the foreign company to be continued in the Seychelles. Such documents will specifically have to be obtained by the owner of that company, from its home jurisdiction. Therefore, the continuation process is not entirely automatic and requires certain input from the client. A related matter is that of the company name. In an ideal situation, the name of the foreign corporation should be “free” for registration in Seychelles. However, if such name is already taken or unavailable for a different reason, the name of the continued company would have to be amended or changed.
The end result of the continuation procedure is the conversion of the foreign company into a Seychelles International Business Company or a Special License Company, as the case may be. The new Seychelles company legally remains the carrier of all assets and liabilities of the “old” company, the only difference is its country of formal registration.
