Main Characteristics and the basic rules of Company registration in Seychelles
Business expansion ideas are harbored by many business owners but selecting an apt destination may not be easy. If you are looking for an offbeat but viable country for business expansion, Seychelles can be a good choice. The Republic of Seychelles, situated in the western side of Indian Ocean has 155 islands and the population is also small. However, this can be ideal when you do not want to spend a lot of amount in offshore venture expansion. You may feel interested in setting up venture in the country but for that you should try our Seychelles Company Formation services.
The independence from Britain obtained in 1976 enabled Seychelles to grow as a viable tourist destination and the business prospects have also grown manifold since that time. English is among the official languages and the country has stable government- factors that are ideal for business expansion.
A number of companies hailing from various nearby and distant countries have started operating in Seychelles in the last decade. A majority of these deal with financial services and tourism, as it is. However, with time companies belonging to several other niches are also making it their operations hub. The 1994 International Business Companies Act has paved the way for influx of foreign companies into the country. These may sound good but for starting venture here you will benefit by seeking our Seychelles Company Formation services.
The main reason for interest of foreign companies starting operations in Seychelles is low start up cost. The company incorporation process in the country does not take much time either- which is also ideal for investors from other countries. The privacy of a venture set up in Seychelles is not compromised as it has no ties with the USA or EU. However, the biggest benefit is that a Seychelles company share sale or transfer does not attract tax.
Infrastructure and logistics wise, Seychelles scores very well. It has an international airport and the telecommunications network is on par with major European countries. You can access high speed internet service here without disruptions. This should be ideal for business expansion. The banking sector is solid and political disruption prospects are minimal.
While setting up business in the country may not be too hard, you will still benefit by seeking services of expert agencies like us. The BRIS group offers Seychelles Company Formation services for investors. Call us today for more information.
|Seychelles Company Formation||Financial Advantages|
|Double Taxation Treaty Access:||No Treaty Access|
|Seychelles Tax Information Exchange Agreements:||Yes, No Treaty Access signs Exchange Agreements|
|Account Filing Requirements:||No accounting / reporting requirements|
|Annual Return Filing Requirements:||No annual return/ reporting requirements|
|Audit Requirements:||No audit required.|
|Seychelles Company Formation||Registration Requirements|
|Share Capital:||US$100,000 Minimum paid up share capital US$1|
|Classes of Share Available for Seychelles company formation:||Shares with or without voting rights, redeemable shares, registered shares, preference shares, shares of no par value|
|Bearer Shares:||Yes, Allowed|
|Registered Office Required:||Yes required and must be maintained in Seychelles|
|Shareholders:||Minimum number is one|
|Directors:||Minimum number is one. Can be any nationality and need not be resident in Seychelles. Corporate directors are allowed.|
|Your Company language:||English|
|Name of your Company must be ended:||Limited, Ltd, Corporation, Corp., Incorporated, Inc., Societe Anonyme РёР»Рё Sociedad Anomina, Public Limited Company, Societe, a Responsabilite Limitee, Berhad, Proprietary, Namloze Venootschap, Besloten Venootschap, Aktiengesellschaft or Limited Life Company , S.A., PLC, S.A.R.L, Bhd, Pty, NV, BV, A.G., LLC|
|Documents required for Seychelles company formation:||A certified copy of your passport or ID and proof of your residential address dated less than 3 months.|
|Seychelles Company Formation||Restrictions|
|For Seychelles company formation you cannot use words in your company names without justification:||“Bank”, “Trustee Company”, “Assurance”, “Building Society”, ”Trust Company”, “Royal” etc.|
|Restrictions on Trading:||Not permitted to trade within Seychelles|
|Not permitted without a licence:||Fund management, insurance, Banking, reinsurance, assurance, trust management, collective investment schemes, trusteeship business provision.|
|Seychelles Company Formation||Confidentiality and Security|
|Publicly Accessible Records:||No public register of company officers (Directors, Shareholders, Secretary)|
|Nominee Shareholders and Nominee Directors:||Yes, Allowed|
|Disclosure of Beneficial Ownership to Authorities:||No|
|Meetings of Directors and Shareholders to be held:||Anywhere|
|Stability:||Stable jurisdiction and exceptionally good reputation.|
|Region:||An archipelago of 115 islands in the Indian Ocean, off East Africa.|
|Political System:||Sovereign Democracy|
|Governing corporate legislation:||Seychelles International Business Authority (SIBA) is the governing authority and the companies are regulated under the IBC ACT 1994|
|Type of Law:||Common|
|Currency:||Seychelles rupee (SCR)|
|Language of Legislation and Corporate Documents:||English, French, Seychellois Creole|
This publication is provided for information purposes only. This info should not be treated as a substitute for a tax or legal consultation or legislation. You should not act on the basis of the information contained in this publication without having obtained individual advice from the professional expert.
BRIS GROUP does not assume responsibility for any damage resulting from decisions made by the reader on the basis of this publication.