About Seychelles
The Seychelles Islands are located in the Indian Ocean, between the continents of Africa and India. This independent Republic is one of the most progressive offshore centres of the world, with competitive legislation, making offshore company incorporation relatively straightforward.
Although not dissimilar to other well-established offshore jurisdictions, the laws in Seychelles take a comprehensive and modern approach to the establishment and operation of offshore companies, offshore bank accounts, mutual funds, offshore insurance and port activities.
The rapidly expanding financial sector, linked to the establishment of the Seychelles International Business Authority, is now a significant element of the economy. An ever-expanding number of international banks and insurance companies are now established, together with local management.
Benefits of Setting up an Offshore Business in Seychelles
- Zero or absolute minimum taxation on profits and capital gains
- High level confidentiality (no sensitive personal information registered in public records)
- Secrecy provisions enshrined in the law and no international income or tax information-sharing agreements
- Corporate flexibility with no paid-up capital, no requirement to declare operational objects, minimum requirements on directors and shareholders and speedy incorporation
- Nominee shareholders and directors are permitted
- Shareholders` meetings can be held anywhere
- Minimum reporting with no auditing requirements and no tax reporting
Key Corporate Features
| General | |
| Type of Company | IBC |
| Type of Law | Hybrid |
| Shelf company availability | Yes |
| Time to establish a new company | 2 days |
| Corporate Taxation | Nil |
| Double Taxation Treaty Access | No |
| Share capital or equivalent | |
| Standard currency | US$ |
| Permitted currencies | Any |
| Minimum paid up | US$1 |
| Usual authorised | US$100,000 |
| Directors | |
| Minimum number | One |
| Local required | No |
| Publicly accessible records | No |
| Location of meetings | Anywhere |
| Shareholders | |
| Minimum number | One |
| Publicly accessible records | No |
| Location of meetings | Anywhere |
| Company Secretary | |
| Required | No |
| Local or qualified | No |
| Accounts | |
| Requirements to prepare | Yes |
| Audit requirements | No |
| Requirements to file accounts | No |
| Publicly accessible accounts | No |
| Recurring Government Costs | |
| Minimum Annual Tax / Licence Fee | US$100 |
| Other | |
| Requirement to file annual return | No |
| Change in domicile permitted | Yes |
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