The Republic of Seychelles is an independent island nation in East Africa. Registering a business in the Seychelles allows you to quickly start a business in a developed jurisdiction with political stability. The Seychelles government has been pursuing a loyal policy towards entrepreneurs for a long time, providing special conditions for offshore companies with the status of International Business Company (IBC). IBC companies can conduct any legal business activity that does not require a special license, both in Seychelles and outside the country.

Offshore activities are regulated by the International Business Companies Act. The Financial Services Agency (FSA) acts as the state regulator. The Republic has a number of agreements with other states on the avoidance of double taxation.

What are the advantages of an offshore in Seychelles

The jurisdiction combines important criteria that many business representatives are guided by when choosing a jurisdiction for registering an offshore company:

• absence of taxation and currency control for offshore activities;
• no minimum authorized capital requirements;
• possibility of multi-currency transactions;
• the director and shareholder can have any residency and be represented by one person;
• confidentiality of shareholders, directors, and beneficiaries;
• fast and simple company registration procedure, low maintenance costs;
• possibility of legalizing documents by affixing an apostille;
• possibility of using a nominee service - IT-OFFSHORE can help appoint a nominee director and company secretary;
• no need to submit financial statements, only the address where the primary accounting documents are stored must be indicated;
• convenient time zone (the same as Moscow).

In the Seychelles, there is an opportunity to change the jurisdiction of a foreign company and continue its activities as a Seychelles IBC. This redomiciliation procedure can be useful if there have been changes in legislation in the country of initial registration or if the costs of maintaining the company have increased.

How to open an offshore in Seychelles

If you have decided to register or purchase an offshore in the Seychelles in 2024, contact the specialists at IT-OFFSHORE.