The Seychelles International Business Company, shortly known as the IBC, is preferred by foreign business persons interested in setting up companies in an offshore destination such as the insular state, which is part of the African Union. There are numerous advantages which come with an IBC formation in Seychelles, like an attractive taxation system and not having to submit financial reports publicly. In matters of documents for registration of an IBC offshore in Seychelles, we suggest you ask for advice and recommendations from our team of company formation agents in Seychelles. Our consultants are specialized in varied forms of businesses in Seychelles, available for local and foreign entrepreneurs who want to establish their operations on the market.
What are the advantages of an IBC offshore company in Seychelles?
The structure of a Seychelles IBC is a flexible one and comes with varied attractive benefits for investors from overseas. For instance, an IBC offshore company in Seychelles, with a stable economy, needs no minimum share capital, it is subject to low government fees, the assets are protected, the financial records are not available for public access, and there are no corporate taxes. Additionally, a government fee of about $100 should be considered when such entity is registered. Even more, an IBC in Seychelles offers easy-going policies on reporting interest revenues to the tax authorities from abroad. Please consider that the main condition for registering an IBC in Seychelles is to carry out its businesses outside the islands.
Rules and regulations for setting up a Seychelles IBC
•an IBC in Seychelles cannot perform activities in the gambling area;
•the main bank accounts of the IBC offshore must be opened in Seychelles;
•the bookkeeping and accounting of the IBC must be carried out in Seychelles;
•the shareholders can keep the annual general meeting in Seychelles, however, this is not mandatory;
•an IBC in Seychelles can own airplanes or boats registered here.
An offshore jurisdiction like Seychelles is suitable for numerous entrepreneurs worldwide interested in merging their businesses in an insular state which is considered a tax haven.
Documents for your IBC offshore in Seychelles
First of all, we remind that the owners of an IBC in Seychelles have complete privacy of their identity, as their personal information cannot be displayed publicly. Regarding the documents necessary for an IBC in Seychelles, one should keep in mind that the Registrar Companies will only solicit the Articles of Association, and the Register of the Directors which are held at the offices of the Registered Agent, in complete privacy. We mention that the Financial Investigation Authority in Seychelles may request disclosing the information about particular IBCs in the state if an investigation takes place.
Find out from the video below how you can set up an offshore company in Seychelles:
having the Seychelles IBC company’s incorporation documents prepared and notarized;
filing the company’s memorandum and articles of association and the other relevant documentation filed with the Trade Register;
registering for tax purposes with the tax authorities in Seychelles;
applying for the necessary business licenses, if specific activities, such as financial ones, will be undertaken.
Our company registration agents in Seychelles can guide you through the incorporation of an IBC offshore company.
What other types of companies can I open in Seychelles?
Foreign investors can also set up the following types of companies besides the Seychelles IBC:
•limited partnerships which can be used for joint venture activities;
•protected cell companies which are local companies used for asset protection purposes;
•trusts which offer enhanced confidentiality and must be created by settlers who do not reside in Seychelles;
•foundations which are legal entities used for offering financial services in Seychelles.
Can I receive virtual office services in Seychelles?
Yes, you may get in touch with our company formation representatives in Seychelles for information about how you can receive virtual office services on request. A foreign entrepreneur who does not want to set up a business and a traditional office might be interested in purchasing virtual office packages in Seychelles and benefit from a notable business address, mail and correspondence, conference room for business meetings, phone calls and fax forwarding on request. Instead of renting or buying an office space for a business in Dubai, an investor from abroad can decide on buying virtual office services in Seychelles.
How can I open a bank account in Seychelles?
Foreign investors in Seychelles can easily open a bank account for a company in Seychelles if the requirements in terms of documents are respected. The company’s documents must be provided and, plus a letter of recommendation signed by another bank from the country of origin. It is good to know that a bank account in Seychelles is ready in a few working days, and in the case of an account for an offshore company in Seychelles, the personal data is not available to public disclosure. Our team of advisors can offer in-depth information and assistance for opening a bank account in Seychelles.
Purchasing a shelf company in Seychelles
Entrepreneurs from abroad who are interested in a fast start of the business on the market should know that they have the possibility of buying a ready-made company in Seychelles. Also known as a shelf company, such type of firm is ready to activate on the market, as soon as the ownership transfer takes place. A shelf company in Seychelles can also be used as an offshore company and the main advantage is that there is no need to wait for the incorporation procedure, as all the aspects in this matter are settled. In other words, if you would like to set up a business in Seychelles in a fast manner, you can purchase a shelf company in Seychelles. In order to legally perform the activities in Seychelles, the ready-made company must be re-registered with the new owners of the Companies House in Seychelles. Investors looking to open an offshore company in Seychelles might consider a shelf company as a proper option for their future operations. Our advisors are at your disposal with support for such kind of acquisition.
The business environment in Seychelles
Seychelles is an independent state, part of the British Commonwealth, and has one of the fastest foreign company registration processesworldwide, through the IBC offshore companies. With a prolific development in numerous industries, the government in Seychelles is open to all kinds of investments in the insular state. As it is known, Seychelles is an important transit point for trading purposes between Asia and Africa.
The entrepreneurial framework in the country made the government focus the attention on the overall regulatory productivity, eliminating several taxes and boosting transparency in the business background. Since 2015, Seychelles is known as a “high income” state, according to the World Bank classification. The easy ways of registering businesses in the archipelago state made numerous investors implement and develop their activities in a wide range of performant industries.
For a suitable understanding of how a foreigner can open an IBC offshore company in Seychelles, you may address your questions to our team of company formation agents in Seychelles. Please contact us for details in this matter.
Call us now at (+44)203-287 0408 to set up an appointment with our lawyers in Victoria, Seychelles. Alternatively you can incorporate your company without traveling to Seychelles.
As a BridgeWest client, you will benefit from the joint expertize of local lawyers and international consultants. Together we will be able to offer you the specialized help you require for your business start-up in Seychelles.