Situated in the Indian Ocean, Seychelles is an archipelago of 115 islands that has become one of the most popular offshore destinations. The island nation not only serves the stunning natural beauty but also offers:

• a stable political climate
• a favourable tax regime, and
• a streamlined process of offshore company incorporation.

The changing global economies, mingled with the ever-evolving tax laws, gave birth to the concept of offshore company registration. The contribution of small island nations in this aspect is numerous.

If you are someone looking to reduce your tax liabilities, then this synopsis will give you the key aspects of Seychelles offshore company incorporation.

Seychelles Offshore Company Formation | An Abstract

Offshore Seychelles company is an attractive choice for entrepreneurs or business investors due to its tax exemption policies, and privacy protection of private information. An offshore company in Seychelles refers to such a tax-free corporation designed to conduct international business with no annual reporting requirements.

The Features of a Seychelles Offshore Company Formation

Seychelles provides flexibility for an offshore company formation. But flexibility doesn’t attract business investors; it’s the other feature also. Check out the features hereby:

• Special License: Business activities that include banking and insurance can be done only with special licenses in Seychelles.
• Prohibited Activities: Seychelles prohibited some business activities, which include gambling or securities business. You can do mutual funds-related business if you have a special license.
• Asset Ownership: Any Seychelles IBC cannot own real estate property; however, any vessel or aircraft can be registered.
• Fewer Management Requirements: There’s no need to hold any meetings in Seychelles. Therefore, any corporate decisions can be made easily.

Types of Offshore Seychelles Company

Seychelles has different types of business entities for an offshore business setup. Follow the list hereby:

Seychelles International Business Company (IBC): A Seychelles IBC is the most popular company type and is settled in a tax-neutral environment.

Seychelles International Trusts: An international trust is appropriate for asset protection and works as a safeguarding tool for future purposes.

Seychelles Special License (CSL): This type of company is a tax resident and benefits from a reduced corporate tax rate of 1.5% over its global earnings.

Advantages of Seychelles Offshore Company Formation

There are numerous advantages of a Seychelles offshore company registration. Some of them are mentioned here:

• No tax is to be paid for doing business outside the country.
• You can enjoy the repatriation of profits.
• Low maintenance and company incorporation costs.
• No mandatory requirements for the annual filing of accounts for offshore Seychelles company.
• High privacy and confidentiality levels are maintained in Seychelles for an offshore company.
• Ease of doing business due to the stable economic and political environment.

The Seychelles Offshore Company Formation Process

You have to go through the following process for offshore Seychelles company Formations:

1. Contact a Business Expert: The first step is to understand the whole process of offshore company Seychelles. It is advisable that you contact any business expert for this matter. They are well aware of the Seychelles offshore company formation process and can assist you with all the legalities of the same.
2. Finalize the Company Structure: Seychelles offers different types of company structures for an offshore company that were already mentioned in the above section. However, an IBC (International Business Company) is the most popular one in Seychelles. You can choose any business entity according to your business requirements.
3. Choose a Company Name: The next step includes finalizing a name for your company. Maintain all the regulations and compliance requirements of the country to choose one name for your company. Finalize one name according to the universal trade name guidelines.
4. Fill out the Application Form: Fill out the company incorporation application form and mention all of the details about the company. These details include all the information related to shareholders and directors and the company name.
5. Apply for a Business License: You have to obtain a license to start the business in Seychelles. Submit all of the following documents to obtain one:

• Passport copies of all of the members.
• Incorporation certificate.
• Articles of Association (AOA).
• Certified address proof (Utility bill).
• Bank reference letter.

6. Open a Bank Account: The last step includes a Seychelles bank account opening. Seychelles has various international banks neobanks to open an account for offshore companies. This bank account will be responsible for holding all of your financial transactions.

The Requirements of Seychelles Offshore Company Formation

The time required for a Seychelles offshore company registration is 2-3 working days. Wondering how? Check out the requirements to open an offshore Seychelles company.

• One shareholder is needed.
• One director is needed.
• The shareholder of the company can be the company director.
• The director and the shareholder can be of any nationality.
• No share capital is required.
• No company secretary is required.
• There is no minimum paid-up capital required, and it may be denominated in any currency.

Seychelles Offshore Company Formation Laws

There are two core regulations for Seychelles offshore company formation, which are the following:

• The Seychelles International Business Authority Act (SIBA)
• The International Business Company Law
• The Seychelles Financial Services Authority (FSA)

Things to Consider Before a Seychelles Offshore Company Formation

• Substance Requirments: An IBC in Seychelles can have a physical commercial presence with an economic regulation to maintain the tax-exempt status.
• Compliance with International Regulations: Seychelles offshore company incorporation adheres to the AML/KYC with other international regulations to maintain transparency.
• Professional Advice: Consulting with a lawyer, accountant or business experts familiar with Seychelles offshore company registration ensures compliance and will help you to avoid any potential pitfalls.

Offshore Company Seychelles Price

Seychelles is one of the most affordable jurisdictions where you can start your offshore business. BSW only charges $790 for your Seychelles offshore company incorporation. 

*This cost may vary according to the market value. Please contact our business consultants to stay updated with the offshore company Seychelles price.

BSW| Your Service Provider

Starting an offshore business takes a lot to get started. Therefore, it is advisable that you contact any business consultant beforehand to get a grasp of everything that a Seychelles offshore business includes. Business Setup Worldwide can assist you with the required services.

Contact us and avail our company formation services with a customized business solution designed for you. Starting from company formation to document submission and bank account opening, we are all covered. So don’t delay and give us a call to live your offshore business life.