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Offshore Company Registration in Seychelles

Seychelles is classified as a high-income economy around the globe. Popularly termed as the tax haven, it's the business destination for most investors who intend to expand their companies to protect their assets and make their tax planning more effecting via starting up an offshore company. As a growing global business incorporation market and a known offshore financial country, it has made things easy for foreign investors who adore confidentiality. Privacy is guaranteed by federal law; this is the most paramount benefit of setting up your offshore business in Seychelles.
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Seychelles is classified as a high-income economy around the globe. Popularly termed as the tax haven, it's the business destination for most investors who intend to expand their companies to protect their assets and make their tax planning more effecting via starting up an offshore company.

 

As a growing global business incorporation market and a known offshore financial country, it has made things easy for foreign investors who adore confidentiality. Privacy is guaranteed by federal law; this is the most paramount benefit of setting up your offshore business in Seychelles.

 

Since the country introduced these services in 1994, there has been a consistent increment in this sector due to the business-friendly laws that govern companies' functions there.

 

The benefits of Seychelles offshore company registration

Here is a list of offshore company registration in Seychelles.

  • No tax: it does not tax capital gains and profits for companies incorporated in the country.

  • High level of confidentiality: it does not publicly record any sensitive information regarding the identities of shareholders or investors.

  • Flexibility: IBC, as the highly used kind of company,  can be used for some international business reasons.

  • Low requirements: there is so little required during registration; for instance, there is no paid-up capital.

  • Management simplicity: to manage the offshore companies in Seychelles is effortless, no shareholders or investors meetings in Seychelles are needed, and corporate decisions are easy to make.


Offshore Company Registration in Seychelles

 

Seychelles offshore company registration service fee

Before you jump into reaping the benefits of his service, you should consider the upfront cost required to open and operate an offshore company in Seychelles. It's not a daunting task to start a business there, but for foreign business people who are not aware of the cost of opening one, it could be not easy. Here are the implications of the fee:

 

  • Incorporation document preparations, but all depends on the company offering the services.

  • The lease contract includes the office of your registered offshore company. Though, some would prefer to buy a virtual office package.

  • Mandatory registration fee with your Business Registrar in Seychelles

  • Representative agent fee, you must have a registered agent who is paid annually.

 

In addition, there is a licensing fee for foreigners seeking to open trading or insurance companies. Considering that the license has to be renewed annually, it's one of the essential maintenance costs of registering a company in Seychelles.

 

More so, investors opening offshore companies in Seychelles don't have to offer any share capital for their business. It's an essential feature that generally makes the incorporation process attractive to foreigners or investors.

 

Requirements for foreigners registering Seychelles companies

 

There are several aspects that you should consider before setting up an offshore company in Seychelles.

 

  • Personal information, for instance, certified passport copies.

  • You provide the company information such as legal entities and certificates associated with the company.

  • Proof of a legal address in Seychelles, like the utility bill that is less than three months old

  • Bank references, though in some instances, to show the financial status of the investor.

  • A registered agent handles the incorporation procedure with a local authority in charge of issuing and accepting the Certificate of Registration.

 

Once a foreign investor completes all these formalities, they can start the business registration procedure. Commonly, it only takes close to six weeks to open up offshore as an investor in Seychelles.

 

Process of Registering an Offshore Company in Seychelles

  • Confirmation of the company's details

  • Preparation of the Memorandum of Association, Articles of Association, and other essential documents needed for registration.

  • Payment of any applicable registration fees and capital duties

  • Filing of documents with the Seychelles Registrar of Companies

 

Seychelles Company Registration FAQs

Q1: Do I need to be a Seychelles citizen to register the company?

A1: No, you don't have to be a Seychelles citizen to incorporate.

 

Q2: What if I do not have a legal address in Seychelles?

A2: All businesses incorporated in Seychelles should have a registered office in the country.

 

Q3: What are the different types of Seychelles companies to incorporate?

A3: There are no restrictions when it comes to a company's incorporation as long as they are legally registered and running legitimate businesses. However, the most engaging businesses are;

  • Liability Company (LTD)

  • Public Limited Company (PLC)

  • Limited Liability Partnership (LLP)

 

Q4: Does a Seychelles company need to trade in the country?

A4: No, you can register a Seychelles company even though it doesn't run its operations in the country.



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