How to Start Seychelles Offshore Company?

start seychelles offshore company

Termed as a tax haven, Seychelles is the most preferred business destination for investors who want to expand their businesses by making the tax planning more effective and protecting their assets by forming an offshore company. The country is a popular offshore financial centre and a growing international company incorporation market.

Seychelles offshore company formation is a universal instrument for asset protection and tax planning techniques. It offers a smooth and fast incorporation procedure, requires a low start-up budget, and no financial reporting requirements throughout the company’s lifetime.

Seychelles Offshore Company 

Seychelles offshore businesses are only allowed to conduct operations and sign contracts with entities based outside of Seychelles. An IBC (International Business Company) registered in Seychelles is tax-free and structured so that it can perform any form of international business with very little record-keeping and recording requirements. An IBC also comprises several features which maintain strict confidentiality throughout.

The Seychelles Business Act, introduced in 1994, has seen more than 30,000 Seychelles offshore companies IBC, with over 600 companies being registered each month.

Seychelles Offshore Company Benefits

When it comes to Seychelles offshore company, most business investors prefer to proceed with the option of an international business company, also regarded as an IBC. The benefits of a Seychelles offshore business are as follows:

Tax Exemption:

The earnings of an IBC company are fully tax-exempt as this company is not considered as resident for tax purposes in Seychelles. The jurisdiction also has no capital gains and withholding tax on the offshore company. 

Special License: 

Investors can register a Seychelles company with a Special License Company (CSL), and such a company is a tax resident but benefits from a reduced corporate tax rate of 1.5% over its global earnings. Smooth repatriation of capital outside Seychelles. 

Ease of Doing Business:

Seychelles is one such nation filled with stable political and social environment. Therefore, business owners and entrepreneurs are attracted to this jurisdiction. You will have the opportunity to expand your business peacefully. 

Confidentiality and Privacy:

Seychelles is one such jurisdiction that prefers confidentiality of the offshore business on the topmost level. There are no publicly available records of the details of the beneficial owners of a Seychelles company. The Registrar of Companies doesn’t disclose any personal information of the beneficial owner or any details of the shareholders and directors. 

No Annual Requirements: 

There are no statutory requirements for the annual filing of accounts of the company return for the Seychelles offshore company incorporation

Characteristics of an IBC in Seychelles

  • Only one director and one shareholder, who can be the same person, are mandatory. They can be corporate individuals and not necessarily residents of Seychelles
  • In Seychelles, offshore company setup are not subject to corporate tax, annual returns, and audit requirements
  • There is no requirement to submit financial statements; however, they must be prepared and kept at the office of the company’s registered agent
  • No access to Double Tax Avoidance Treaties
  • One company secretary is required who must be a resident of Seychelles by law
  • An IBC must have a registered office in Seychelles, provided by an authorised registered agent
  • Annual general meeting of shareholders is not mandatory and can be held anywhere
  • There is no minimum subscribed and paid-up capital required, and it may be denominated in any currency

How to Start Seychelles Offshore Company?

Before starting a company in Seychelles, the investor must consider having a registered agent who will handle the incorporation procedure with one of the departments in charge of accepting and issuing the Certificate of Registration for local companies.

Another essential thing to consider is that the investor must choose a local legal address and appoint a resident director for the Seychelles Company.

Once these procedures are completed, you can start the process of Seychelles business. Check out the process below:

  1. Finalise a Company Type:

Seychelles has three different options for you when it comes to offshore company formation. Seychelles International Business Company (IBC) is a company management and international trust company. Choose any one company type suitable for your business.

  1. Select a Company Name:

In the next step, register a company name in Seychelles, maintaining all of the regulations and complaints. Follow the guidelines, which include the universal aspects of trade name registration. 

  1. Submit the Application:

In the next step, fill out the application form mentioning the names of the shareholders and directors to the relevant authorities. 

  1. Apply for a Business License:

You can’t start your business without a license. Therefore, the next step includes obtaining a business license. Depending on your business type, obtain a business license. 

The documents required to complete the process are –

  • Trade name registration copy
  • Personal information of the shareholder
  • Report on the company’s director and proof of their residency must be provided
  • The official address of the Seychelles company must be submitted for incorporation.
  1. Open a Bank account:

The last step includes opening a bank account for your company in Seychelles. The jurisdiction has numerous reputable banks where you can choose one. Neobanks are also available in Seychelles. 

With expert guidance, the complete process is carried out hassle-free, and you can operate business transactions through an offshore bank account.

The Seychelles offshore company with bank account process is very simplified and provides you the privilege to invest in the international market.

Business Setup Worldwide is a platform to help you start your Seychelles company. We provide services like business formation, bank account opening, IP, accounting and bookkeeping, etc. Everything can be arranged and completed online or with the assistance of our experienced team.

You are just one click away from setting up your offshore company in Seychelles. Contact us for more information.

FAQs

Is a ready-made shelf company available in Seychelles?

Yes, you can buy a ready-made shelf company in Seychelles.

How much does it cost to start a Seychelles offshore company?

$790.

How long does it take for a open Seychelles offshore company?

2-3 working days.