Seychelles
Capital: Victoria.
Official languages: French, Seychelles and English.
Currency: Seychelles rupee.
The Seychelles has long been known throughout the world as a classic offshore jurisdiction with minimal tax obligations. Recently, the Seychelles has been gradually tightening regulation in accordance with international requirements, maintaining the competitive advantages of offshore. Today, setting up a company here still provides significant tax advantages.
Company registration provides the following benefits:
- Fast company registration procedure.
- There is no fixed minimum amount of authorized capital.
- The Seychelles exempts offshore companies from any taxes by government guarantees, provided that the company does not receive income from domestic sources.
- Beneficiary details are not publicly disclosed.
Seychelles is an island nation located in the Seychelles Islands, in the western Indian Ocean, 1600 km east of Africa .
A company registered in Seychelles is not required by law to pay taxes. This jurisdiction is recognized as a classic offshore zone with increased confidentiality. But due to recent amendments to the law, all legal entities registered in the Seychelles are now required to provide copies of accounting documents and statements.
Features of taxation and reporting
Opening a company in the Seychelles in the form of an IBC, although beneficial, does not exempt you from filing mandatory tax returns in the country of residence of the company's owners.
- No corporate income tax, income tax, sales taxes, VAT for offshore IBC companies.
- Offshore companies are not required to pay customs duties, property taxes, capital taxes or dividends.
- The only obligation of the IBC in Seychelles is the annual payment of the state fee for renewal of status.
- There are requirements for maintaining and submitting reports.
Company registration
Time frame for company registration: 5-7 working days + 7 days for certification of documents with an apostille.
Selecting an offshore company type: Seychelles offers various types of offshore companies, including IBC (International Business Company) and CSL (Special License Company). The legal entity most commonly used to set up a business in Seychelles is the International Business Company (IBC).
After determining the type of company, you must register it in accordance with the laws of Seychelles. This includes providing the required documents and paying registration fees.
To register a company remotely, you will need to provide the following information:
- Choosing a company name: three options are required.
- Notarized copies of ID for all participants.
- A document confirming the residence address of all participants (utility bills, bank statements indicating the address) with notarization.
- Bank statement no older than 3 months from the date of application.
- Resume (CV) of the company director.
A quick guide to registering a company:
To quickly register a IBC in the Seychelles, contact IT-OFFSHORE specialists. The cost of our services includes:
- Preparation of documents (collection, filling, notarization, etc.).
- Company registration.
- Payment of all government fees.
- Registration agent services for 1 year with the possibility of extension.
- Translation services.
- Delivery of registration documents to any address.
The bottom line
It is important to note that offshore company legislation in Seychelles is subject to change and you should always seek up-to-date information and advice from specialists in this area. Establishing and operating an offshore company requires care and compliance with all relevant laws and regulations. Therefore, before starting the registration process, it is recommended to consult with IT-OFFSHORE legal specialists who specialize in offshore structures.
Our company offers comprehensive support for the company at all stages - from registration to full support of its activities. We not only help you legally register a company, but also take on many subsequent tasks.
In particular, our scope of services includes maintaining accounting and tax records, providing nominee directors and shareholders, leasing a legal address, obtaining all necessary licenses and permits for the company. We actually ensure the full operation of the business in accordance with the laws of a particular jurisdiction.
