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Is there an alternative to the Seychelles?

Is there an alternative to the Seychelles?

2019-01-09
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Seychelles are located in the Indian Ocean and include more than 100 islands. The tendency of economic growth in the jurisdiction is noticeable, they became known as the operational registrar of the IBC. On the islands you can open a company in a short period of time.

Features of registration in the Seychelles

Before opening the offshore on the islands, you must first select the type of activity. This may be Internet commerce, consulting, etc.

Benefits of registering in this jurisdiction:
• Stable economic situation;
• Low cost of servicing the company and favorable business conditions;
• Constituent documents can be multilingual;
• The registration period is small;
• The registration process is relatively simple;
• Agreements have been concluded with many countries on avoiding double taxation;
• No currency control.

IBCs do not pay tax fees, you only need to pay a fixed fee. To register a company in the Seychelles, at least one shareholder and director is sufficient. No residency requirements. Data on shareholders and directors are not publicly available.

To register a company you will need to enter it in the Register. Determined by the scope of the company. Must be an office that is registered in the jurisdiction. The company name can be in any language. It is not allowed to use some words related to the police, banks, etc. The name should not indicate communication with government agencies.

Possible alternatives

One of the alternative jurisdictional options for offshore is Hong Kong. He is the most prestigious, has a positive reputation, and is politically stable. One of the advantages is the lack of currency control; it is not blacklisted in offshore zones. With many countries signed an agreement on the avoidance of double taxation.

Another option is Cyprus. The main advantage is the country's membership in the European Union, low tax rates, the conclusion of an agreement to avoid double taxation.

The third alternative is Singapore. Jurisdiction is respectable, not a classic offshore zone. If the company operates outside the country, there is no need to pay taxes. No currency control.

The fourth current option is Liechtenstein. The country is politically stable, has a high standard of living and moderate taxation. It has a positive reputation, high level of confidentiality, developed financial sector.

To choose a suitable jurisdiction for opening an offshore, contact our IT-OFFSHORE specialists. We will advise and help you make the right choice.

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