Offshore companies in Seychelles.
Seychelles is one of the most stable offshore zones – both political and the socio-economic relations. Therefore, the business here is unfolding very actively, as one of the most forward-looking toward local economic development. If you decide to purchase a complete offshore in this zone, you will be pleasantly surprised. For example, the offshore company, registered there, are fully exempt from tax obligations, and, in addition, the authorised capital may be completely foreign.
Also you will not require audit and tax declaration, so you will be able to save money on hiring people, monitoring and implementing the strict accountability.
Basic Facts About Offshore Companies in Seychelles
Seychelles is one of the world’s most versatile and famous destinations for offshore corporation. When compared against many other countries for offshore business opportunities, Seychelles is truly unique and profitable. Just like many other traditional offshore companies, Seychelles International Business Company is void of tax.
Regardless of your trade, you can amuse over many tax benefits. Also, Seychelles IBC is subject to nominal red tape issues. Seychelles is quite famous for its protected registries and records that can increase the confidential nature of your business. To be more precise, Seychelles IBC doesn’t expect you to submit any financial reports too. Additionally, there are very little audit requirements in this offshore destination.
The Rules and Acts of offshore companies in Seychelles
With this being said, here is a quick walk through few traits of offshore companies in Seychelles. First of all, Seychelles IBC comprises of zero tax. By law, the offshore companies are not expected to pay any duty or tax. All profits and income they make are void of tax reductions. As a shareholder or business owner, you are not forced to pay taxes. These rules are carefully documented under the Seychelles IBC Act.
Dos and Don’ts of offshore companies in Seychelles
If you wish to start an offshore company in Seychelles, you should satisfy the following conditions:
1) You should not own any real estate properties in Seychelles.
2) You should not carry our business activities in the offshore destination.
3) You must not be a part of registered companies, business agents, banking or insurance. You cannot engage in these activities without special licensures.
On the other hand, you can engage in the following moves:
1) You will be allowed to maintain a Seychelles bank account or fixed deposits.
2) You can maintain professional relationships with accountants, attorneys and management organisations in Seychelles.
3) If required, you can lease properties in Seychelles. These properties can be used as office premises.
The Benefits of offshore companies in Seychelles
“Confidentiality” distinguishes Seychelles IBC from other countries. At all times, your personal and corporate details will not be shared with anyone. In fact, you don’t need to provide details about the actual beneficial owner of the company during registration. These details are carefully managed by Registered Agents and Members only. Very rarely would a domestic third party ask for details about your Seychelles IBC. Last but certainly not least, offshore companies in Seychelles enjoy high levels of flexibility and quick returns.
