Shelf Company in Seychelles
The tax havens situated across the world have left their impressions according to the business investors. Seychelles is one of the rising business grounds in the state that has become a functioning ground for offshore business investments. Being one of the highly-chosen offshore jurisdictions, Seychelles gives the business owners flexibility to hold a shelf company.
With regards to the incorporation of an offshore business entity, the business owners have the flexibility to start another business entity, or to buy an already existing one (called a shelf company), which ends up being an ideal decision in case one is searching for immediate business operations. This guide will help business investors to get a clear insight into registering a shelf company in Seychelles.
The Concept of Shelf Company
Dealing with the legal proceedings to set up an offshore business in a tax-haven jurisdiction could take a minimum of ten days, which may even extend to a month. Apart from considering the time period, a new offshore business entity needs greater clarity on the documentation part that is required to be sorted. Starting an offshore business in Seychelles is a highly productive move that many business investors look forward to, to acquire more returns on the investments made.
The idea of a shelf company has taken birth to settle newbie investors' issues in the market. Time still remains a huge factor, and thus, incorporation of a shelf company gets the procedure done in an easy way. A shelf company can be termed as an established business entity that has already been registered; however, it hasn't played out any business operations.
How to Open a Shelf Company in Seychelles?
The offshore company set up in Seychelles ends up being an extremely easy process with business experts' assistance. Shelf companies can perform business exercises as soon as the investors or entrepreneur acquires the same. However, the procedure for purchasing a shelf company in Seychelles includes the accompanying steps:
1.Get in Touch With a Business Consultant
Since it deals with a ready-made business entity, it would be highly preferable if you proceed ahead with certified business experts' assistance. A business consultant can help you manage the cycle in a much simpler way than an investor who proceeds single-handedly.
2.Understand the Jurisdiction and the Process
The following move is to understand the complete procedure and the laws practised in the chosen offshore business jurisdiction. Having a discussion with your business expert would assist you with getting a clear insight into the same. Aside from the jurisdiction, try to understand the procedure of purchasing a shelf company in detail.
3.Check the Chosen Business Name
Since a shelf company is already enlisted and holds an approved trademark, you need to cross-check if the business name is being already used. If the chosen business entity is in use, at that point, you may need to adjust the name slightly to get it enlisted. If the original name is used, an alternative name would be the feasible option.
4.Complete the Procedure
Subsequent to concluding the respective trade name of your offshore shelf business entity, you are required to submit an appropriately filled form along with the respective arrangement of documents. Generally, the process requires a business investor to submit the accompanying essentials:
- An appropriately filled offshore company incorporation form
- Identity proof of the directors and shareholders
- Address verification of the directors and shareholders
- Alternative name form(in case the first name has been taken)
- Passport size photographs of the business shareholders and investors
The required set of documents should be submitted, as per the requirement, to the business expert, who will assist you with getting the approvals from the respective authorities in the state.
5.Check the Offshore Bank Account Process
As you purchase the offshore shelf entity, you should also need to check regarding the offshore bank account procedure that is an absolute necessity for offshore business exercises. Opening an offshore bank account helps an investor manage foreign transactions easily, and hence, one can acquire various advantages from the same. To learn more, look at the Advantages of Offshore Banking, which will help you get in-depth details.
6.Commence Business Exercises
Ultimately, when the bank account and the purchasing cycle get finished, you can continue with the business exercises.
Purchasing an offshore shelf company can be a smart choice if you prefer not to experience a lengthy process, and saves time accordingly. At the same time, it helps you with the following advantages:
- Instant accessibility
- Business exercises can be started in a shorter duration
- Feasible to get more loans and credits from the financial institutions
- Operate a business entity with a filing history
Now, as you have seen the related procedures, and have understood the heap of advantages a shelf company delivers, it is crucial to note that the procedures are to be made in a hassle-free way, which should be possible by holding hands with certified business experts.
How Could We Help?
Proceeding with offshore business investment and getting done with the process might be challenging for business investors (especially a foreigner) as they may not be well-aware of the legal guidelines needed to set up an offshore business entity. Business Setup Worldwide is one of the top ten business consultants in Dubai that has encouraged business investors to set up their company across different grounds. Since commencement, we have been giving hassle-free tailored solutions.
Our business specialists are well-versed with the incorporation cycle and can help you clear the same easily. For more information, don't hesitate to have a word with our specialists. Contact us today- we'd be happy to help!