Seychelles Offshore Company Formation

The Seychelles is a 115-island archipelago in the Indian Ocean off the coast of East Africa. Seychelles is famed across the world for its stunning beaches, crystal blue seas, and lush rainforest terrain. Not only is the Seychelles archipelago a must-see tourist destination, but it is also recognized as an offshore country, enticing multinational corporations and international investors to invest and create offshore firms here. The Seychelles government has established various policies to promote investment and give many tax incentives for businesses in order to entice individuals/enterprises to start up firms in Seychelles.

Benefits of Offshore Company Formation in Seychelles:

High level of privacy:

The exceptional level of anonymity within the firm is one of the key reasons why a Seychelles company registration remains one of the top places to incorporate. There are no public filings or disclosures of shareholders, directors, or beneficial owners with a Seychelles business establishment.

Fewer regulations:

The vast availability of business names is a distinct benefit when contemplating a Seychelles company registration. And Seychelles is neither a dependent of the United Kingdom nor a dependency of an EU member state. This implies it has more leeway in establishing its own laws, notably regarding public filings and beneficial owner requirements.

Potential environment for investors:

Tourism and fishing are by far the country's two most important economic sectors. They have a significant impact on the Seychelles' economy, particularly the export and import industries. Tourist boats are Seychelles' primary import ($466 million in 2020 according to OEC), and Seychelles' main exports are processed frozen seafood, fuel, and, in recent years, motorboats. You may read more about Seychelles' import and export items in this article.

The Seychelles government, on the other hand, is working on boosting other services to progressively decouple the island's dependency on tourism in order to become a stable developed economy, such as foreign finance, communications and information, and the renewable energy industry. All of these businesses have enormous potential not just in the Seychelles but also globally.

Tax incentives:

IBC Seychelles Company will be completely free from corporate income tax. The tax exemption while establishing an offshore business in Seychelles extends to dividends, value added tax (VAT), personal income tax, and so on. In brief, the Seychelles IBC firm / offshore corporation will be immune from all taxes on the money earned.

Types of company in Seychelles:

With the genuine potential and the aforementioned favorable rules and incentives, several offshore firms have established themselves here for investment purposes. If you intend to establish a company in the Seychelles, you should first evaluate the several forms of firms in the Seychelles. Foreign investors might examine the following sorts of Seychelles companies:

• A company incorporated in a foreign country is also known as an offshore company (IBC).
• Limited Liability Partnership
• Protected cell company
• Trusts
• Foundations

However, IBC also a.k.a international business company is the most prevalent and friendly forms of company for foreigners to establish in Seychelles.

Requirements to form a Seychelles international business companies:

Human resources requirements:

• At least 1 director
• At least 1 UBO
• At least 1 shareholder
• <= 50 shareholders

Other requirements:

• Has a paid up share capital
• 1 Local address
• 1 registered agent 

Services after Offshore Company Formation:

Bank account opening

In order to meet compliance, you need to open a bank account. Based on your business entity, business industry, business type,etc , we will help you to choose the best types of bank and brand. For later steps, we will guide you in detail as the procedures are different based on different banks.

Bookkeeping

Businesses’ stable development requires proper cash flow management without violating the government’s laws and regulations. Therefore, our team will accompany you with a professional bookkeeping service to maintain financial data accuracy.

The advantages when outsourcing a specialized team of compliance services: Provide a cost-effective solution for businesses that save more time & resources than manual bookkeeping work. And you should engage in bookkeeping to keep financial records ready for year end returns requirements.

How Much Does It Cost to Incorporate a Seychelles Offshore Company?

In Seychelles, forming a business necessitates a plethora of sophisticated documentation and processes. It is also worth noting that foreigners are required by Seychelles Company Law to engage the services of a licensed corporate service provider. CONTACT G.O.C RIGHT NOW to receive the greatest offer and save time. 

Disclaimer: This guide serves as a reference tool and should not substitute legal advice. For tailored guidance, consult G.O.C's customer services.