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Annual Maintenance Costs for a Seychelles Offshore Company

Updated on Thursday 18th April 2019

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Annual-Maintenance-Costs-for-an-Offshore-Company-in-SeychellesForeign investors who decide to set up companies in Seychelles have several choices when it comes to the types of structures they can choose from, however, in most cases they will decide on the business form which offers low maintenance costs. From this point of view, the Seychelles offshore company is one of the most advantageous type of company foreign entrepreneurs and legal entities can benefit from.

The annual maintenance costs of an offshore company in Seychelles are relatively low compared to other similar jurisdictions. Our company formation agents in Seychelles have detailed the fees and maintenance costs of an offshore company below. You can rely on us for assistance in setting up an offshore company in Seychelles. We also offer accounting services which can help with the reduction of the annual maintenance costs of your Seychelles offshore company.

Costs related to starting an offshore company in Seychelles

In order to understand what generates the annual maintenance costs of an offshore company in Seychelles, it is important to first note the costs and fees associated with the registration of such a company.

As a foreign investor, you will need the following:

  • - to appoint a local registered agent to register the company and represent it before the Seychelles authorities;
  • - to have the documents related to the incorporation prepared (these will not incur other costs unless they are amended);
  • - to have a registered/legal address in Seychelles (which will attract annual maintenance costs);
  • - the fee for obtaining the operating license which needs to be renewed on annual basis, therefore will generate annual costs;
  • - the nominee services (many foreign business owners request such services for an easier management of the company).

Another fee which will not generate annual maintenance costs is the company registration fee which will be paid upon the incorporation of the Seychelles offshore company.

Our company registration advisors in Seychelles can provide more information on the requirements which need to be respected in terms of annual maintenance costs for an offshore company.

Annual costs for a registered address in Seychelles

Having a legal address for a business in Seychelles is mandatory, according to the local legislation. When setting up an offshore company the registered address can take the form of a virtual office which can be purchased for a few months and up to one year.

The maintenance costs for the legal address of the Seychelles offshore company depend on the services requested by the business owner.

We offer virtual office services in Seychelles at very advantageous rates. You can get in touch with our local advisors for a personalized offer.

The maintenance cost of the business license of a Seychelles IBC

No matter the activities to be completed by an offshore company, it will need to obtain a business license which will imply a fee. Considering the license needs to be renewed on an annual basis, this is one of the most important maintenance costs of an offshore company in Seychelles.

The cost of the business license depends in many cases on the share capital of the company. Our consultants can offer more information on share capital and business licensing requirements of an offshore company.

Nominee services maintenance costs in Seychelles

Most offshore companies in Seychelles operate through nominee shareholders and directors. Even if these are not mandatory, they are often requested by foreign entrepreneurs as they have legal representatives who can sign on their behalf and represent them before the authorities.

The nominee services are usually contracted on a yearly basis, which is why they can be considered as annual maintenance costs of the Seychelles offshore company.

Foreign investors can benefit from nominee shareholder, director and account signatory services.

We offer such services to all those interested in obtaining them when registering IBC companies in Seychelles.

FAQ on offshore company maintenance costs in Seychelles

  1. Are there any mandatory annual maintenance costs for an offshore company?

Yes, the government imposes a few mandatory fees for the maintenance of an offshore company.

  1. What happens if I don’t pay these annual maintenance fees?

In case you don’t pay the maintenance fees, the activities of the company will be shut down.

  1. Are the maintenance costs of a Seychelles offshore expensive?

The maintenance costs of an offshore company are lower than those of an onshore company in Seychelles.

  1. Is there a specific timeframe for paying the maintenance fees?

The mandatory fees need to be paid prior to the anniversary of the company’s registration date.

For detailed information on the annual maintenance costs of a Seychelles offshore company, please contact us.

 

Meet us in Victoria

Call us now at +248 4321018 to set up an appointment with our business consultants in Victoria, Seychelles. Alternatively you can incorporate your company without traveling to Seychelles.

As a Valsen Fiduciaries 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.

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