Besides anonymous offshores or IBCs (International Business Company) which are suitable for investors, foreign companies can establish branches of foreign companies. These are legal business entities for which the parent companies are fully reliable for the registered profits and losses.
The company formation in Seychelles is less restrictive and has fewer formalities, but for complete support at the time of registration, you may ask our specialists in company formation in Seychelles.
The main rules of establishing a branch in Seychelles are the same as for any kind of non-resident companies in any state. The parent documents are necessary at the time or branch registration in this jurisdiction, and furthermore, a local representative must be appointed. Entrepreneurs should consider the following conditions when opening a branch in Seychelles:
All the documents of the company must be translated into the English language and then notarized. We can offer comprehensive support and guidelines for foreigners who want to register a company in Seychelles, including branches.
Branches are normally subject to lower expenses and are seen as permanent establishments from a taxation point of few, remembering the fact that such entities are not considered separate legal structures. Likewise, branches in Seychelles must obtain approvals from the parent company for all the operations in the insular state.
As for the annual financial statements of a branch in Seychelles, these must be submitted to the Trade Register, alongside with the ones of the parent company. It is good to know that branches are considered reasonable entities which present low risks and have fewer obligations compared to separate legal entities.
No, the registration process is quite simple as long as the parent company has all the documents in place.
It takes around 4 weeks to have the branch office up and running.
In fact, both branch representatives must be Seychelles residents.
Branch offices are imposed with the corporate tax of 33%.
No, the registration process of the branch office can be completed remotely through a power of attorney granted to our company formation representatives in Seychelles.
No, there are no such requirements related to the opening of a branch office in Seychelles.
If you want to know more details about how branches are established in Seychelles or about the company registration in Seychelles, please feel free to contact our team of consultants at any time.