Seychelles

Seychelles International Business Companies (IBCs) are some of the fastest growing IBC registrations in the world. In addition to incorporation, Seychelles offers mutual funds and other investment vehicles. Seychelles is recognized as an extraordinary foreign jurisdiction, with a tax-free environment, established mutual fund and hedge funds (Act of 2008). This law succeeded in attracting many professional, private and public funds, which are defined as „exempt foreign funds“.

A Seychelles IBC company can be a suitable choice to protect privacy, property and family. Seychelles legislation allows the operation of several types of companies such as: the International Business Company (“IBC”), Special License Company, Limited Partnership, foundations and Trusts.

So why are so many entrepreneurs choosing Seychelles to start a business

Offshore destinations such as the Seychelles – offer 0% tax. What you earn is what you keep. An IBC is exempt from all taxes. This benefit is offset by a $100, annual fee to the government. In order to obtain this benefit, the determining condition is that the company must not do business in the territory of Seychelles, nor own real estate, provide insurance or registered address to other companies. Such a company is formally considered resident, tax-free. An IBC may own a ship registered under the Merchant Shipping Act 1992.

Another advantage that attracts every entrepreneur is the anonymity of ownership. No one will know that you own a company, as the register is not publicly accessible. Your secrets will be kept. However, bearer shares were canceled on January 1, 2014.

Nominee service option and minimal paperwork, giving you more time for your own business. You save a lot of time, there is no need to file tax returns, no audits are required. Quick process of establishing a company 2–4 days. There is no need to wait months like in some other jurisdictions. Accounting is very formal and does not require much time or investment, there is no obligation to submit it or submit it for inspection. However, it is necessary to provide information about the address of its storage.

Seychelles has signed a double taxation treaty with Cyprus. As you can see, registering a company in Seychelles provides many more advantages than disadvantages.

Although the offshore sector continues to grow and new jurisdictions emerge offering favorable conditions to international organizations, Seychelles maintains a prominent position. They offer a luxurious legal environment coupled with high-quality offshore services and a fast incorporation process.

Offshore IBC Seychelles is an ideal choice if you need to protect your privacy, property, family and ensure a sufficient level of anonymity. The greatest natural beauty of the landscape is its low tax rate. The result of comparing Seychelles, USA and Cyprus is clear.

The Cyprus Commercial Register provides the most information. Statements and information about shareholders and partners are recorded. You can get information only during a personal visit to the office. In the US, each state has its own rules. In general, it can be summarized that the information about the executives is public, but the owners of the company remain anonymous.

An IBC is required by law to form a company

• Name and address of the company's regis­tration agent
• Subject of the company's business
• Determining the amount of the company's share capital (the law does not set a minimum amount, the capital can be denominated in any currency)
• Details regarding the shares, their type and currency, specifying all rights, authorizations and restrictions that apply to them
• Declaration that the company will not engage in banking, insurance or trust trustee activities
• Minimum number of directors – 1 (can also be a legal entity)
• Nationality and permanent residence are not important
• Minimum number of shareholders – 1 (can also be a legal entity)
• The director and shareholder of a Seychelles offshore company can be the same person

A properly established and managed IBC company in Seychelles does not pay income tax (the tax rate for local companies reaches up to 40%), is not subject to exchange control, is not bound by the obligation to submit accounting. In addition, the license fee, which the company pays at the time of its incorporation and then every year until the anniversary of its incorporation at the latest, is set for life – the company will always pay the same amount, even if it is increased in the future for new companies. The amount of this fee is no longer derived from the amount of the company's share capital and amounts to USD 100.

Are you ready to pay no taxes and ensure maximum anonymity and privacy through an IBC in Seychelles?
Higher privacy protection is ensured by Seychelles. The commercial register contains only the name of the company ID, the date of establishment and its articles of association. In practice, you can only verify whether the given company exists. After the application of the International Business Companies Act (International Business Companies Act, 1994, amended in 2000, 2005 and 2008), the Republic of Seychelles becomes a tax haven.

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