Seychelles Offshore Guide
An island nation settled on the Indian Ocean, the beautiful archipelago of Seychelles has sourced much of its income through tourism, although the offshore and finance sector is also on the rise, with the growing presence of Seychelles offshore companies. The Seychelles is composed of 115 islands, and is flanked by Africa to the East and Madagascar to the North East. This archipelago nation is best known for its world-class beaches and naturally laid-back setting, with tourism as its number one industry. However, other sources of economic growth include manufacturing, fishing and farming, and offshore investments. Seychelles also has a stable government and attractive taxation measures, making it an excellent location choice for non-resident companies.
When incorporating in this country through the Seychelles offshore company, one of the most excellent advantages is the easy registration and company formation. Unlike other jurisdictions that require several weeks before completion of offshore company formation, Seychelles can establish a company within an entire day. This makes a favorable arrangement among those who are seeking for a less complicated means of diversifying their assets offshore. The registration fees are also very affordable compared to other jurisdictions, and this payment typically encompasses the entire formation package being offered by company formation service providers.
Furthermore, the stable government of Seychelles, as well as its steady economic growth all account for the advantages of setting up a Seychelles offshore company. There is virtually no need for any yearly accounting or auditing for the company, so the owners and the directors are able to maintain the highest level of privacy on the financial status of their offshore investments. Tax exemptions are also offered to offshore business corporations, with a minimal government license fee as the only requirement. These viable rates add to the pull of Seychelles as an investment location, and the fact that almost all types of businesses are allowed to operate offshore in the country.
Some of the requirements in setting up Seychelles offshore companies include the appointment of at least one director and shareholder, with no restriction as to nationality or residency. One person acting as both director and shareholder is permissible. A register or file of the directors must be kept. The company name must also be chosen, and should end with a word or phrase denoting limited liability like Limited, SA, or Corp. There are annual renewal fees that must be paid for the continuing existence of the business. Shares that are with or without par value may be issued, although bearer shares are restricted.
Many company formation service providers are quick to recommend Seychelles as an excellent jurisdiction for offshore investments, and this is with good reason. Anonymity, privacy, ease in registration and formation, and minimal set-up fees- all these characterize the benefits from establishing a limited liability company in Seychelles. The tax exemptions are all legitimate and mandated by law, and the offshore companies can be operated internationally. There is also no limitation to the nationality of the company directors, shareholders, employees, and even clients of Seychelles offshore companies.