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Seychelles general information

Seychelles: general information

Presentation of general information about the Seychelles, peculiarities of the historical, political and economic development, investment environment, business industry and set of financial instruments as well as international reputation of the jurisdiction

Seychelles general information
Why to choose Seychelles?

Why to choose Seychelles?

Detailed research of features and advantages of all business companies types which could be incorporated within the jurisdiction of the Seychelles

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Seychelles: IBC & CSL

Seychelles: IBC & CSL

The brochure is devoted to research registration process, capabilities, tax rates and application practice in business environment of Seychelles IBC and CSL.

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Seychelles: Foundations, Trusts, Limited Partnerships

Seychelles:
Foundations, Trusts, Limited Partnerships

The brochure deepen in the essence of the next types of Seychelles entities such as foundations, trusts and limited partnerships which are considered suitable vehicles for international tax planning, assets protection and other financial activities.

Why to choose Seychelles
Seychelles: Cooperation between companies

Seychelles:
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The brochure provides considering relationships between banks and entities that is a natural extension of opening an entity in the Seychelles.

Why to choose Seychelles
Seychelles: frequently asked questions

Seychelles:
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The brochure summarizes the survey about Seychelles offshore and answers some frequently asked questions, which arise when acquainting with the Seychelles jurisdiction.

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UNITED KINGDOM: OVERALL REVIEW

UNITED KINGDOM: OVERALL REVIEW

In this brochure, examples of practical use of an LTD are examined eg provided detailed information on a business purposes as using an LTD as company receiving dividends, holding company and nominee or agent. Another one issue is to study complex guidance how to rule an LTD and LLP.

UNITED KINGDOM: OVERALL REVIEW
UNITED KINGDOM: LTD & LLP (part 1)

UNITED KINGDOM: LTD & LLP (part 1)

This brochure presents an information about tax rates and tax residence status in the UK. In addition, it is studying the details of the most demanded business structures, particularly Private Company Limited by shares (LTD) and Limited Liability Partnership (LLP)

UNITED KINGDOM: LTD & LLP (part 1)
UNITED KINGDOM: LTD & LLP (part 2)

UNITED KINGDOM: LTD & LLP (part 2)

In this brochure, examples of practical use of an LTD are examined eg provided detailed information on a business purposes as using an LTD as company receiving dividends, holding company and nominee or agent. Another one issue is to study complex guidance how to rule an LTD and LLP.

UNITED KINGDOM: LTD & LLP (part 2)
Public Limited Company

Public Limited Company

In this brochure, the leading experts of our company provide answers on the most popular questions related to this business structure. There is an excellent possibility to fill up your knowledge by information about doing business with the help of Public Limited Companies, receive an explanation on the rules how to sell the company's shares on the stock market and other advantages.

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Scotland: WHY NOT?

Scotland: WHY NOT?

This brochure fulfilled the UK jurisdiction series with Scottish business structures. All the requirements, practice of application, advantages, main differences between the UK LLP and Scottish LP and other issues are examined in this survey.

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Hong Kong: Comprehensive Review

Hong Kong: Comprehensive Review

This brochure dedicated to inform about business atmosphere and business facilities in the studied jurisdiction, explain the reasons of popularity of Hong Kong entities for tax-optimisation purposes. Familiarity with this brochure is the first step on a way to the possibility of carrying on successful business in stable economic conditions of Asian region with maximum benefits.

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Hong Kong: Choosing Business Vehicles

Hong Kong: Choosing Business Vehicles

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Hong Kong: Frequently Asked Questions

Hong Kong: Frequently Asked Questions

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Business Purposes: Regular Practice

Business Purposes: Regular Practice

The brochure says on corporate and classical targets of Hong Kong enterprises, provides examples of practical use of the enterprises established in Hong Kong. Here we specify the long-term and short-term goals of business structuring, as well as the use of Hong Kong enterprises to operate as a trading company, the company, opening a representative office in China and a holding company, which owns the rights to ownership of the company in China.

Business Purposes: Regular Practice
UnitedKingdomOverallReviewBrochurePopup
HongKongOverallReviewBrochurePopup

Seychelles – a Perfect Place for Offshore Company Registration

January 6, 2016

Seychelles – a Perfect Place for Offshore Company Registration

There are many attractive offshore jurisdictions to register your business in.

Nevertheless you should better keep in mind these reasons to choose Seychelles:

  • Republic of Seychelles is a member of the Commonwealth
  • English and French are official languages
  • Simplicity of a company formation process
  • Offshore industry and related services are well-developed
  • Advanced communication infrastructure
  • Favorable business and investment climate
  • Opportunity to invest in African countries
  • Good reputation of the Seychelles is maintained by the government
  • Principles of the Common Law underlie country’s legal system
  • Loyal legislation for FTZs, trusts and mutual funds


Working hours in Seychelles coincide with Tbilisi, Moscow, Yerevan, Dubai, Muscat and Baku and approximate to most of large European business centers

Reasons to buy a Seychelles’ company:

  • Ideal tax regime: corporate income gained outside the jurisdiction is tax-free
  • Shareholders and directors may come from any country and belong to any nationality
  • It is very simple and quick to register offshore company
  • Low operational and maintenance cost
  • Appropriate place for company relocation from Cayman Islands, BVI, Bahamas, etc.

The Republic of Seychelles is a very popular offshore jurisdiction often called a tax haven. Being a strong competitor for Cayman Islands, BVI and Bahamas the jurisdiction attracts large volume of the abroad capital.

For a long time Seychelles’ economy has been dependent on fish and agriculture export like many other Caribbean countries. Today the economy is performed by well-developed industries such as tourism, financial services, real estate and building construction.

The times when Seychelles was dependent on the global demand for fish and agricultural products changed due to wise authorities’ policy, systematic reforms and up-to-date approach to economic development. On the one hand government started to develop the tourism sector which resulted in huge amounts of income. On the other hand authorities paid close attention to financial industry transformation and development. Industry experts forecast that the sector of financial services will become a strong source of filling the budget over the next few years.

Today Seychelles is a strong competitor to well-developed global OFCs. The variety of quality financial services provided in the country meet the requirements of international business and partnerships owners and global investors. Besides, loyal legislation for FTZs, trusts and mutual funds attracts attention of many business people.

Being a political bridge between China and Africa Seychelles provide global investors with effective vehicles of investing into African countries.

Overview of the Seychelles jurisdiction

General points

Location: A small island is located in the Indian Ocean which lies northeast of Madagascar and east of Kenya.

Time zone: SCT (UTC +4)

Official languages: French, English, Creole

Legislation: National Assembly – is a Seychelles’ legislative body which acts on the basis of Civil Law, Civil Code of France and UK Case Law.

Taxation

Income tax: Non-residents are not obliged to pay an income tax while they are physically present in the country no more than 180 days.

Corporation tax: Income generated outside the Republic of Seychelles is tax-free; it is also not levied with interest, dividend and capital gain taxes. At the same time profits earned in the country’s territory are levied with various taxes and deductions.

Currency exchange: There are no any restrictions.

Information sharing agreements: The Seychelles is committed to automatically exchange tax information with the UK, France, Germany, Italy and Spain.

Joint-stock

Currency: Any

Minimum start-up capital: 1 USD

Anonymity: Shareholders’ anonymity is guaranteed, their personal details don’t appear in the public registry.

Requirements to shareholders: Offshore company should have at least 1 shareholder who can be a citizen of any country and belong to any nationality. There is an ability to assign a nominee shareholder. Legal entities are allowed.

Requirements to directors: Minimum 1 director from any country and of any nationality is required. Director can be a nominee. Legal entity may act as a director.

Board meetings: There are no strict requirements to board meetings. The meeting may take place in any country and in accordance with memorandum and articles of association.

Accounting

Revenue: Only the registered agent is permitted to get the revenue but not on public registry.

Accounting documents: The documents should be kept in the registered office.

Reporting & audits: There are no requirements.

Documents

Kept at Companies Registry: Memorandum and articles of association and all the amendments
Kept at Registered Office: First meeting and Director’s appointment record, Register of company’s members, Register of Mortgages, Charges and other Encumbrances, Stock certificate, Due Diligence and Beneficial Ownership Declaration.

Company incorporation

Time of incorporation: 1-2 business days

Annual fees: Yes

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