Registration of
offshore companies

A ready-made company with bank account in Seychelles

Service: Ready-made company with an open bank account in Seychelles

Seychelles is an island nation located in East Africa. The economy of the territory is based on tourism and fishing. Many businesspeople seek to buy a ready-made company in Seychelles - the territory is known as an offshore center, where you can open an international firm. The peculiarity of such companies is that they do not have to pay tax on the territory.

The main types of legal forms

Registering a company in Seychelles in 2021 is relevant because local firms are completely exempt from tax. Only a fixed annual fee is required, which does not change depending on the share capital figures.

The most popular structure is IBC, or international companies. In addition, a limited partnership or trust may be registered in the islands, as well as resident companies engaged in licensed types of activities. The tax rate is 1.5%.

Features of company registration

Offshore companies registered in Seychelles are exempt from taxation. It is advantageous to buy a ready-made company in the Seychelles with an open bank account, as the activities can be started immediately. Offshore activities are not subject to currency control.

The most frequently registered companies are IBC. In addition, banks and investment funds, as well as insurance companies can be opened in the jurisdiction. To open a company in the territory it is required to provide a unique name. It must not be consonant with existing organizations.

At least one director and one shareholder will be required to establish a company. A special feature of Seychelles is that there are no conditions regarding the filing of annual returns. However, subject to receipt in the territory of income, which is subject to taxation, you must submit an annual financial and auditing reports.

Tax Rates

It is advantageous to buy a ready-made company with an open account in the Seychelles, since no estate or capital gains tax needs to be paid. All income received abroad is exempt from local taxes.

Taxation in the islands is based on the territorial principle, offshore firms do not pay taxes. Local companies are required to make payments on imports and VAT. To understand the tax issues, contact our experts at IT-OFFSHORE.

Pros and cons of opening a company

It is most advantageous to buy a ready-made company in the Seychelles. You can start doing business promptly, a ready-made account is provided. According to the laws of the country, it is possible to register a firm with tax benefits. The director of the organization can become both an individual and a legal entity.

Company name can be registered in any language, in some cases there is no need to provide an audit report. There is no currency control, it is possible to maintain confidentiality.

How to open an account

Both personal and corporate accounts can be opened in financial institutions located in the Seychelles. To register an account, you will need to provide a number of documents. Individuals need to prepare a passport, proof of address.

Legal entities need to prepare detailed information about the company, indicate partners, provide a business plan, information about the directors and shareholders. Additional data may be required upon request of the bank.

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