When you are looking into the current trend, offshore business investments have grown to a massive level. This is because offshore businesses provide entrepreneurs and investors with a reasonable and adaptable business environment.
One of the core reasons behind people contributing to offshore business is because of the tax-exclusion benefits. Presently, there are numerous offshore investment components, and one such thing is a foundation company.
In this write-up, let’s discuss the Seychelles foundation formation so that you can be aware of its benefits.
Seychelles Foundation Company: A Quick Glance
A Seychelles foundation company is a legal entity that provides a vehicle for your assets to grow. It puts a fence around your foundation’s assets and separates it from other businesses you may own.
A Seychelles Foundation could be a family or a private foundation. A Seychelles foundation gives many advantages in different nations; however, it gives expanded rights like the founder’s capacity to allocate his/her privileges.
The flexibility of types and utilizations of foundations makes Seychelles an ideal jurisdiction to frame particular foundations like private interests, charitable, asset protection, family, and explicit purposes.
Advantages of Opting for Seychelles Foundation Formation
People opt for the Seychelles foundation formation for various reasons. Below are a few benefits listed for your better understanding.
- High level of business freedom
- High economic growth potential
- Privacy and protection in holding assets
- Complete Tax exemption
Places Where Seychelles Foundation Company Registration Utilized for
Foundation companies are used to manage wealth and establish a legacy of the creator or contributor. Following are a few places where Seychelles foundation company registration is utilized for
- Real estate planning
- Tax saving tool
- Succession planning
- Asset and wealth protection
- Eliminate property tax
- Inheritance tax planning
- Separation of economic and voting benefits
- Pension funds
Simple Steps to Set up Seychelles Foundation
Beginning a Seychelles offshore company formation or foundation company in Seychelles is comparatively simple compared to other offshore jurisdictions. To proceed with the process, the common thing to be considered is choosing a business expert.
Choose a Professional Expert from BSW
While planning for the Seychelles foundation formation, the primary step to consider is choosing the support of a consulting firm. The consulting firm’s experts will provide complete information about the offshore foundation company formation. It would also benefit you if you were aware of the core essentials required to hire an offshore business consultant.
Select a Business Name for your Foundation Company
Choosing the right company name is one of the most important decisions you have to make as a business owner. Unfortunately, sometimes, the decision makes you feel confused about the process and the regulations. In order to know about the naming requirements, get in touch with a business setup consultant.
Pay the Initial Deposit
After choosing the business name, you have to focus on paying the required amount to continue the process.
Submit the Company Documents
Once you are done with the payment, you must submit the documents required to set up the Seychelles foundation.
- A duly filled company incorporation form
- Memorandum of Association (MOA) & Articles of Association (AOA)
- Identity details of the company shareholder(s)
- Address details of the company shareholder(s)
- Selective business name
- Well-drafted business plan
Open a Bank Account
After submitting the company documents, opening an offshore bank account is considered to be the next essential step. Opening a bank account would help you out with saving your assets. Meanwhile, knowing the Seychelles company formation with a bank account will help you know the necessity of a bank account.
Why Choose Us?
While you are ready to proceed with the foundation company formation, you must be aware that the proceedings involve numerous legal formalities. So, it would be great if you sought assistance from the leading business consultants. At Business Setup Worldwide, we assist our clients with forming their offshore companies in their desired jurisdiction. Our knowledgeable business advisors have insight and information that allows them to deliver customized solutions, making us one of the leading business consulting firms. In order to gather more information, please contact us right away.