Seychelles is known at a global level for its favorable regime available for foreign investors. This jurisdiction is also one of the most appreciated business destinations for offshore company formation, providing a set of tax advantages, offered in the form of various tax exemptions foreign investors can enjoy.
When starting a business in a foreign country, it is best to request legal representation from specialists who are familiarized with the local commercial legislation, tax system and reporting requirements and in this sense, the team of Valsen Fiduciaries can be of help.
Valsen Fiduciaries is ready to provide a wide range of corporate services, amongst we mention the following: fiduciary services, administrative services, legal services and corporate services. Our team has the necessary expertise to represent high net worth individuals who want to invest in this country or who want to have their financial assets managed in the most efficient way possible.
Valsen Fiduciaries is present in numerous jurisdictions around the world and it is proud to mention that is also part of several large, international legal organizations. Our company is an executive committee member at Seychelles International Financial Services Association (SIFSA), a private organization which promotes investments in Seychelles and the best practices in doing business in this country. Through our representative, David Morena, our company is also a part of the Seychelles Licensing Authority.
Foreign investors who want to open a company in Seychelles can choose from two main types of entities: offshore company (known as IBC and which is the most popular choice) and onshore company.
Besides IBC, the following types of companies
can be chosen for company formation in Seychelles
• 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.
Options for foreign companies operating in Seychelles
Foreign companies can also operate in Seychelles through branch offices and subsidiaries. The most important difference between these two types of structures resides in the liability of the parent company on the satellite business in Seychelles. If in the case of the branch office, the foreign company will assume total responsibility for the branch office’s debts and obligations, in the case of the subsidiary, the Seychelles company will be an independent business entity.
Our company formation experts in Seychelles can help those interested in setting up branches or subsidiaries here.
Company incorporation requirements for companies in Seychelles
Before choosing the type of company, it should be noted that the company formation requirements in Seychelles are the same in terms of share capital. However, the minimum number of shareholders are two in the case of the limited liability company and one when it comes to the IBC. The company must also have a secretary and at least two directors who must be natural persons, no matter the type of company.
With respect to the registration of the Seychelles business, the company must file the incorporation documents with one of the following authorities:
• with the Seychelles International Business Authority, in the case of IBCs;
• with the Financial Services Authority, in the case of special license companies;
• Companies Register, in the case of limited liability companies.
Another important requirement for opening a company in Seychelles, no matter the chosen entity, is for the company to have a registered address in this country. Also, it is mandatory for foreigners to appoint a local registered agent in order to complete the incorporation procedure with the local authorities. We act as registered agents in Seychelles and can also provide you with virtual office services for your future company.
Our company registration consultants can assist with the incorporation process of a Seychelles company. Businessmen interested in starting an offshore company in another country, for example in Panama
, can receive specialized assistance from our partners.
The share capital of a company in Seychelles
One of the greatest advantages of opening a company in Seychelles, no matter if we are talking about an onshore or offshore company, is related to the share capital requirements. The local legislation does not impose any paid-up or subscribed share capital for registering a business, however, the business owner is required to determine the amount of money he or she will need to start doing business here.
An important aspect which needs to be considered is that an offshore company cannot issue bearer shares. The only shares which can be issued are registered shares which can have voting rights attached to them. Non-voting shares can also be issued.
Taxation of companies in Seychelles
Regarded as a tax haven, Seychelles represents a great company incorporation destination from a taxation point of view. Even if most business people are inclined to think Seychelles is a zero-tax destination, in fact, the authorities here have a clear business taxation system set in place.
If offshore companies are imposed with a 0% rate on corporate income, onshore companies will be subject to a 33% corporate tax. However, special license companies benefit from a lower tax rate which is set at 1.5%. Seychelles companies are not imposed with capital gains taxes or stamp duties.
Another particularity of Seychelles is that it has concluded several double tax agreements which favor foreign investors opening onshore companies in the insular states.
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
, 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 a 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.
Features of anonymous and special licensed companies in Seychelles
One of the most employed types of companies in Seychelles is the anonymous company. This business form can be employed by all types of investors and its name is given by the fact that it guarantees complete privacy to its founders.
The anonymous company is the most suitable business entity for those interested in establishing offshore companies in Seychelles. It can also be used for trading purposes.
Opposed to the anonymous company is the special licensed company, shortly known as the CSL. This business form can only complete onshore activities and is also suitable for investment purposes. The incorporation requirements for a Seychelles CSL company are more extensive at it required a minimum number of 2 shareholders, 2 directors, and a secretary.
What are the advantages of an IBC 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 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 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.
A jurisdiction like Seychelles
is suitable for numerous entrepreneurs worldwide interested in registering their businesses in an insular state which is considered a tax haven.
Documents for your IBC 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.
Steps to 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 company.
The business environment in Seychelles
is an independent state, part of the British Commonwealth, and has one of the fastest foreign company registration processes
worldwide, through the IBC 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 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.
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 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.