Foreign investors seeking to open companies in Seychelles will be subject to both advantages and restrictions which can be entirely explained by our local consultants.
Foreign entrepreneurs who want to open companies in Seychelles will benefit from the same requirements as local business people, which is why starting a business in this country as a foreigner is so appealing.
Even if the general impression is that foreigners only set up offshore companies in Seychelles, the legislation also provides for other types of companies and structures which can be set up by local or foreign entrepreneurs. Among these are:
Our company formation specialists in Seychelles can offer detailed information about all the types of companies foreign entrepreneurs can register here.
When setting up a business as a foreigner in Seychelles, there are a few aspects to consider. The first and most important one is related to having a registered agent who handles the incorporation procedure with one of the authorities in charge of accepting and issuing the Certificate of Registration for local companies.
The foreign investors must also choose a local legal address and appoint a resident director for the Seychelles company. We also mention that there are no share capital requirements related to opening a company in Seychelles as a foreigner.
Once these formalities are completed, the company registration procedure can start. It takes around 6 weeks to open a company as a foreigner in Seychelles, considering all the formalities which need to be completed.
Foreigners can obtain Seychelles VAT numbers for their companies with our help.
Apart from the company’s incorporation documents which need to be prepared by the Seychelles registered agent, the following aspects must be considered:
It should be noted that the above-mentioned information can be submitted prior to the preparation of the incorporation documents. Based on them, the Companies Register will issue an identification number and once the Articles of Association are submitted, the company will receive its Certificate of Registration. Also, there are no requirements for the foreign shareholders of the Seychelles company to come here for the Annual General Meeting.
When it comes to the taxation of foreign individuals opening companies in Seychelles, they can be subject to taxes in their home countries, in accordance with the double tax treaties signed by their home countries with the insular state. This is because offshore companies are subject to a 0% corporate tax in Seychelles.
Seychelles is a very advantageous country to do business in, however, there are also certain restrictions which must be respected by those setting up companies here. These restrictions do not apply only to foreigners, but also to local investors. For example, a Seychelles offshore company cannot issue bearer shares, no matter if its owner is a local or a foreign businessman.
Certain restrictions also apply to the trade name of the company. According to the law, certain words, such as government, republic, and Seychelles cannot be used when reserving a company name, while for others special permission is required. The last requirement applies when setting up companies in the financial sector in Seychelles.
Other restrictions related to opening an offshore company as a foreigner in Seychelles is related to the not being allowed to trade on the local market and to own property in this country. The offshore company cannot engage in any type of financial activities.