Why form an offshore company if I can start a business back home? And this is a good question. Well, the present-day world is a place that requires you to keep your eggs in several baskets, which is the reason why far-sighted people choose to form a company, open a bank account, or buy property abroad. We have a team of seasoned experts who help people make all these steps without much hassle.
This post is devoted to company formation in Seychelles, a well-known offshore jurisdiction that offers foreign entrepreneurs attractive tax rates, high confidentiality standards, and reliable asset protection. You can form a company here to engage in virtually any kind of activity, from international trade to online stores and consultancy services. Read our article on offshores before the company registering in Seychelles and contact our specialists to get qualified help.
Company Incorporation in Seychelles: Main Advantages
Seychelles has a lot to offer, but an entrepreneur always has his priorities in mind. Look at the list of advantages below to see the main benefits that a Seychelles company can give to your business:
- Incorporation cost. Seychelles offers a very competitive price of IBC or partnership incorporation if you compare it to other offshore destinations.
- Tax exemption. You will not be subject to any taxes on your income on the condition that you generate it outside Seychelles and the activity you engage in is not licensed.
- Confidentiality. The names of directors, shareholders, or beneficial owners of your Seychelles company will never be disclosed, so you may enjoy all the privacy that is reasonably possible. You can also use nominees to bring your confidentiality to a new level.
- Easy start. Seychelles is interested in attracting business owners from all over the world, so it sets very mild requirements for the company founder. The authorized capital required by law can be as low as $100 (the par value of 1 share).
- Regulatory compliance. Seychelles is on the white list of offshore jurisdictions as it meets all the requirements set by international regulators.
- Quick registration. You can incorporate a company very quickly through a local registered agent (we will help you find one). The company can be opened online, and you will not have to fly to the place.
- Stability. It costs a lot in today’s world, and Seychelles is one of the most stable destinations if we take its policy, economy, and social life.
- No ties to the place of registration. If you need to hold company meetings, you can do so anywhere in the world, not just in Seychelles.
- No duties. If you decide to repatriate the profits of your Seychelles company, you will not be required to pay any duties.
- Independence. Seychelles does not depend on any other country, so it has more freedom in making decisions as to the legal and regulatory framework it offers to businesses.
All the items above make Seychelles a really good option if you want to realize your business undertakings. If you have any questions, follow the link above to contact our specialists. Some of our offers are free, so take advantage of them!
Offshore Company in Seychelles: Maintenance
Company formation is just the start of your business journey, but we always tell our clients what they will have to do afterward to prevent any unpleasant surprises. In particular, if you want to keep your company in Seychelles operational, you will have to take care of accounting and renewal.
If we talk about accounting requirements, you will not have to submit any accounting reports to any official organization that will make them publicly available. However, you still have to keep your accounting documents at the company registered office in Seychelles.
Your Seychelles company will require an annual renewal. The procedure is fairly simple: all you have to do is to timely(!) pay the annual renewal fee (otherwise, you may be fined for late payment). The amount covers the government fee (business license), the registered agent’s services, and the cost of registered address maintenance.
Company Incorporation in Seychelles: Procedure
Let’s take a brief look at the steps you will have to take before you start operating your Seychelles offshore company.
Company name
The name should be unique (we will check its availability for you in the local register). We recommend thinking of a few options as it happens that the main one is reserved.
Think of the image it will evoke in the eyes of the target audience and whether it will still be relevant as the company evolves.
Application
You will have to apply for company incorporation in Seychelles. Study the local regulations to find out how to do that correctly – or contact our specialists for advice.
Local representation
You will need a registered agent who will deal with company registration on-site (and this is a mandatory requirement!), a registered address in Seychelles, and a resident director. Once again, we will take care of all this for you.
Documents
This is a very important stage as you will have to collect all the documents and make sure they are executed correctly. We will look through them thoroughly and confirm to you that everything is in order.
Getting approved
As soon as the package of documents is ready, we will send it to the Seychelles officials to be considered and approved. All of that is done without delay if the documents have been duly prepared. You will get all the documents for your company within no more than 5 working days.
Opening a corporate bank account
Should you open an account with a bank in Seychelles or is it better to choose another country for diversification purposes? It’s up to you to decide. If you stagger with the choice, we will help you open an account online.
Registration for tax purposes.
You will have to obtain a tax identification number in Seychelles to run your company.
Conclusion
A company in Seychelles is a good choice if you are looking for a stable tax haven that will not impose any tough requirements on your business. Delegate all the administrative affairs to us to concentrate on your business plans instead.
Follow the link above – we will help you in no time!
