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THE MAIN CHARACTERISTICS OF SEYCHELLES COMPANY

GENERAL
Type of entity
IBC
Type of law
Hybrid
Shelf company availability
Yes
Our time to establish a new company
2 days
Minimum government fees (excluding taxation)
USD 100
Corporate Taxation
Nil
Double taxation treaty access
Yes
SHARE CAPITAL OR EQUIVALENT
Standard currency
USD
Permitted currencies
Any
Minimum paid up
USD 1
Usual authorised
USD 100,000
DIRECTORS
Minimum number
One
Local required
No
Location of meetings
Anywhere
Publicly accessible records
No
SHAREHOLDERS
Minimum number
One
Publicly accessible records
No
Location of meetings
Anywhere
COMPANY SECRETARY
Required
No
Local or qualified
No
ACCOUNTS
Requirement to prepare
Yes
Audit requirements
No
Requirement to file accounts
No
Publicly accessible accounts
No
OTHER
Requirement to file annual return
No
Change in domicile permitted
Yes

Main info

The Seychelles is a group of islands in the Indian Ocean comprising over one hundred named islands, having Mahé as its largest main island. Discovery of the Islands is credited to the Portuguese explorer Vasco de Gama. The Seychelles economy is primarily based on tourism and fishing, building and offshore industries. Since 2007 offshore industries had started booming, and IMF has forecasted a constant increase in its GDP.

INTEREST OF THE JURISDICTION OF SEYCHELLES

Advantages of a company in Seychelles

  • No corporate taxation – 0%.
  • Not yet widely perceived as a tax haven.
  • Account filing is not required.
  • No disclosure of beneficial ownership to authorities.
  • No minimum capital requirement.
  • Shares may be registered and issued in any currency.
  • No returns are needed for shareholders, directors or officers.
  • Excellent communications.

Possible disadvantages of a company in Seychelles

  • Lack of public registers can hinder proving ownership.
  • Not recommended for high profile trading operations.

HOW TO
PROCEED

To incorporate or purchase a company the following documentation should be provided:

01

A completed application form signed by the company or by the representative

03

A personal bill, which is less than 3 months old from the date of the application

02

Copy of valid passport

04

Payment of our fees

Note: additional documents may be required depending on the certain offshore bank.

Set-up time: From the moment, we are in possession of all required documents:

3 days

Incorporation of
a company or purchase
of an existing company

15 days

Delivery of the original
company documents

3 weeks

Offshore Bank: offshore
bank account opening