Why buying offshore in Seychelles in 2022 might be a good idea

Seychelles is an ideal place for offshore. Company registration is fast, and confidentiality and protection are guaranteed. There are no taxes for non-residents, the banking structure is well developed, and assets are well protected. Today we will talk about why buying an offshore in Seychelles in 2022 is a good idea.

Taxes

The main advantage of an offshore in Seychelles is the tax system. Any income earned abroad is not taxable. The zero rates also apply to capital gains, interest, stamp duty on business transactions.

In order to qualify for tax benefits, it is crucial that the company does not make profits in Seychelles. Also IBC should not have real estate or need a license (eg financial sector).

Privacy

Confidentiality in Seychelles is guaranteed by law. In the public records you can find information only about the original director of the company. The identity of shareholders, other directors and the beneficiary is not available.

Seychelles is an independent jurisdiction, so it does not share tax information with other countries / organizations. Another plus is that the country is not subject to the EU Data Exchange and Withholding Tax Directive. When it comes to business disclosure in Seychelles, there is very little political pressure.

Business Registration

Offshore registration in Seychelles 2022 is one of the fastest and easiest in the world, taking no more than 24 hours. The official language is English, so there are no problems with documents.

Flexible business structure

Seychelles has no special requirements for business structuring. An IBC requires only 1 director and 1 shareholder, which can be the same person. Also, there are no restrictions on nationality, and the director can be a foreigner.

Also for IBC there is no need for tax reporting and audit. The main thing is to keep accounting records. It is possible not to hold an annual general meeting in the islands. It may well be done by telephone or via video chat.

Financial Sector

By law, IBC must have a master account in Seychelles. Once it is opened, bank customers have access to premium business services. They have access to a wide range of bank accounts, including multi-currency accounts. Internet banking is standard and highly secure.

A big plus is that no visit to the bank is required to open an account. There are also no or very low minimum account balance requirements. There are no nationality restrictions. The only problem arises for companies that are on international sanctions lists.

Political and economic stability

The success of a business largely depends on the economic and political situation in the country where the company is registered. The economy in Seychelles is growing steadily and is not going to stop. A big plus is that the islands are excluded from the EU blacklist, so there are no obstacles to international business.

Also the country is characterized by a stable political situation. Democracy prevails here, and the risk of revolution or other activities that would affect doing business in the country is low.

Support for business owners

The government of Seychelles welcomes investors and supports them in every way. The country has a large network of financial, legal experts, and technical support that is easily accessible and can always be addressed.

How to start a company in Seychelles

If you want to open a business in Seychelles, contact the IT-OFFSHORE specialists, and we will help you.