Seychelles is a group of islands in the Indian Ocean, located east of mainland Africa and south of the Arabian Peninsula. Seychelles is known for its natural beauty, tropical climate, and diverse culture. But Seychelles is also a popular destination for offshore business owners who want to enjoy the benefits of a tax-free and flexible corporate environment.
Seychelles International Business Companies (IBCs) are incorporated under the International Business Companies Act 1994. It can do business in any part of the world except the Seychelles and has no access to the network of Double Taxation Agreements of Seychelles.
The most common type of offshore company in Seychelles is the International Business Company (IBC). An IBC is a tax-free company that can conduct any lawful business activity anywhere in the world, except in Seychelles. An IBC has the following features:
The registration process in Seychelles is one of the most flexible and fastest compared to other jurisdictions.
Characteristics of a Seychelles IBC company:
- It is exempted from all the taxes and stamp duties
- Minimum of one director required. May be a person or a company and there is no nationality restriction
- Minimum of one shareholder required. May be a person or a company and there is no nationality restriction
- No public access to director/shareholder details
- Appointment of company secretary is optional
- Registered office and registered agent in Seychelles is mandatory
- The resolutions maybe passed by telephone or any other electronic means of communication
- Meetings if necessary can be held anywhere in the world
- No annual accounts filing or auditing is required
- Filing of company annual return is not necessary
An IBC is ideal for offshore business owners who want to enjoy a simple and cost-effective way of setting up and managing their international business operations.
Seychelles IBC Formation Frequently Asked Questions
A:A Seychelles offshore company is a legal entity that is registered in the Seychelles. Seychelles IBC companies are designed for international business activities, such as trading, investing, holding assets, or providing services internationally.
A:Seychelles offshore companies offer many benefits, such as:
- Tax efficiency: Offshore companies are generally subject to low or zero taxation in their jurisdiction of incorporation, which means you can save money on corporate taxes, capital gains taxes, withholding taxes, and value-added taxes.
- Asset protection: Offshore companies can help you protect your assets from creditors, lawsuits, or political risks. By transferring your assets to an offshore company, you can create a legal barrier between you and potential claimants.
- Privacy: Offshore companies can provide a high level of confidentiality and anonymity for their owners and directors. Many offshore jurisdictions do not require the disclosure of shareholders or directors on the public register or to any authority. Some jurisdictions also offer nominee services, which allow you to appoint third parties to act as your representatives.
- Access to international markets: Offshore companies can help you expand your business globally and access new opportunities. By registering your company in a strategic location, you can benefit from favourable trade agreements, currency exchange rates, and market conditions.
A:Seychelles is one of the most popular and versatile offshore jurisdictions in the world. Seychelles offers a range of offshore products and services that cater to different needs and preferences of offshore business owners.
We also provide the following services:
We provide a number of other professional services that our clients often find helpful when forming a company offshore.