A Seychelles Offshore Company can be formed in about 4 days after the name has been approved. Our company has incorporation expertise since 1979! A company formation can be set up without your presence by email, fax and courier, thus saving you time and money. It is an uncomplicated procedure and cheap compared to countries like Singapore or the EU countries, Russia etc. Seychelles is a no tax jurisdiction i.e. not tax is levied on your profits nor any vat tax is levied and so it offers great opportunities. Ask our corporate department for more info and more ideas about the Seychelles Offshore Company. Even a tax optimization scheme for your particular needs. It can be a cog wheel in your international tax planning in such a way that you will be able to save a lot of taxes. Get in touch with us today.
Seychelles Offshore Company Formation Requirements
For the formation of a Seychelles Offshore Company it is enough for any person of age 18 or over and any legal entity such as another company to be the owners,directors or secretaries. The formalities are very few. Your passport, and a utility bill for your residential address are enough. Of course a know your client procedure is carried out due to legal regulations. Your presence is not required. Everything for the registration of a Seychelles Offshore Company, is done by fax, email and courier. Once the company is set up, the company kit is prepared, in which all the company incorporation certificates are included, the memorandum and articles of association, any power of attorney, good standing certificate if required ect. The kit is sent to your office by courier. The Seychelles is a zero tax jurisdiction, very attractive for its no tax policies and for its Anglo-Saxon legal system. In offshore tax structures it can be very useful and a key to proper tax planning if used with wisdom.
Seychelles Company Formation Fees- Other Fees
The Seychelles Offshore Company Fees are only paid once, on the incorporation of your company. They include the Gov. incorporation fee, the issuance of the incorporation certificates, the memorandum and articles of association, the Registered Agent for the first year, the Registered Office address for the first year and the legal fees. From the second year on you can expect to pay the yearly maintenance fees which include the above costs and any other services required, the yearly Gov. renewal fee, any power of attorney required, any changes to the structure of the company, any good standing certificate, any incumbency certificate and so on. Generally it is fairly cheap to run a Seychelles offshore company. You can see our fees by visiting our fees page where you can see the fees for many services.
Some Facts About the Seychelles
The Seychelles Government
The Seychelles constitution was introduced in 1979. According to it a government is elected every five years. A unicameral People’s Assembly is elected which comprises 34 seats. Out of those, 25 are elected by popular vote and nine are given to parties winning at least 10% of the vote. For a long time, there was a one party system is the Seychelles. In 1993 however by a radical reform a multi party system has been adopted. Two of the major parties dominating the politics of the Seychelles are the Progressive Front and the National Party.The legal system in the Seychelles is now affiliated to the English legal system, although originally it was more related to the French legal system. It is a well balanced and fair system which is applied by the magistrate’s courts, the Supreme Court and the Court of Appeal. The Seychelles have a Presidential government system. The President is elected directly by the people for a period of 5 years, and he has the right to be president for three terms. The President appoints 13 Ministers.
The Seychelles Population
The Seychelles have a population of about 90 000 inhabitants. The large majority of the population lives in the biggest Island of the Seychelles which is Mahe. Most of the population is of African origin, but a larger part is a mixture of African-French and Malagasy. They speak mostly Creole, but also French and English. The islands were controlled by the French until 1814 and from that date the Islands came under British rule, and 1903 became a British colony.
The Seychelles Geography
The Republic of the Seychelles is made up of a lot of small islands, about one hundred and twenty islands. Most of these islands are not inhabited. They are in the middle of the Indian Ocean and the temperature there is a tropical 26-29 C. It rains mostly in December and January. It’s a virgin area, with unspoiled forests and sea full of rare species of birds and fish, some of which are unique. Scientists from all over the world use the Seychelles as a ground of research for environmental studies and the study of rare and endangered species. The capital of the Seychelles is Victoria, which has a big airport with air links, to Europe, Africa, Australia, the Far East and the Middle East. In Mahe, lives the biggest part of the population. It`s port is one of the busiest in the area and the deepest port in the Indian Ocean. Mahe is 30 Km in length and about 15 kms wide and a total are of about 150 sq kms. It` s highest mountain peak is about 950 meters.
The Seychelles Economy and Currency
The Seychelles` economy is a strong, robust economy centered on some economic axles of international connotations such as tourism which contributes over 65% to the foreign exchange earnings. Its international airport which begun its operations in 1971 has handled lately more than 1 000 000 passengers per year, and 15 000 tones of cargo. Being in the routes of international shipping the Seychelles is a place of hundreds of cruise liners stopover. Services also account for over 65% of the economy and fishing is one of the main economic mainstays of the Seychelles` economy, for offshore financial services as a Tax Haven, and in the fields of banking and insurance. Agriculture is also a strong income earner, with plantations of coconut and cotton. The Seychelles` Industrial Trade Zone has also contributed vigorously to the economic drive of the Seychelles. The currency in the Seychelles is the Seychelles Rupee, which has 100 cents. The Seychelles Rupee is now an independent currency, free of it being pegged to the USD. The Corporate Tax in the Seychelles is 0%, and the offshore companies have no obligation to submit audited accounts to the Inland Revenue department. A vat which was introduced in January 2012 does not affect offshore companies not trading in the country.
Seychelles Offshore Company, date and facts.
|Type of law||Statute Law|
|Time needed set up a new company||1 day|
|Government fees for a share capital not more than US$50,000||US $100|
|Income Tax Rate||0 %|
|Treaties for the Avoidance of Double Taxation||None|
|Common currency of share capital||US $|
|Capital allowed in any currency||Any|
|Minimum paid up capital||US $1|
|Usual Share Capital registered||US $5,000|
|Minimum number of Directors||1|
|Local Director required||No|
|Records accessible by public||No|
|Place of meetings of company Directors||Anywhere|
|Minimum number of Shareholders||1|
|Accessible records to public||No|
|Place of meetings of Shareholders||Anywhere|
|Local or qualified||No|
|Requirement to prepare yearly||Yes|
|Accessible accounts to the public||No|
|No need to file annual return||No|
|Re-domiciliation of Company allowed||Yes|
SEYCHELLES COMPANY PACKAGE
IT INCLUDES ALL THE FOLLOWING SERVICES
|Free checking for as many names you want.|
|Incorporation Fees to Government paid.|
|1. Registered Office Certificate|
|2. Resolution Appointing the First Director.|
|3. Share Certificate.|
|Memorandum and Articles of Association.|
|One set of Apostil Incorporation Certificates.|
|Registered Agent paid for the first year.|
|Registered Office paid for the first year.|
|First Company Resolutions.|
|Register of Members and Directors.|
|One Company Rubber Seal.|
|Full company kit with company certificates, documents and information letters.|
|FedEx courier for dispatch of the company kit extra.Note: For Nominees, bank account and other services you may require for your Seychelles company go to our Fees. The prices are the same.|