Seychelles Offshore Company know as International Business Company (IBC) is one of the most preferred offshore location for individuals & companies all over the world.
Seychelles IBC offers major advantages to offshore companies:
1. Complete tax exemption to all income & profits if generated outside of Seychelles (Tax Heaven)
2. Seychelles IBC is not required to file or report annual financial statements or any other accounting records or ax reports.
3. There is no minimum requirements for initial share capital and number of shareholders. Therefore, you may incorporate a Seychelles IBC with 1 Shareholder and a minimum of share capital of $1.
With 40,000 offshore companies and an average of 600 new IBCs every month, Seychelles is one of the most popular offshore location in the world.
General Information:
Seychelles is an island State located in the South-Western Indian Ocean. The total land area of Seychelles is 455.3 square kilometers, consisting of 115 islands. The exclusive economic zone of Seychelles covers an impressive 1.374 million square kilometers of the Indian Ocean.
With a land area of 148 square kilometers the island of Mahe, the biggest island of the archipelago and the seat of the Government, constitutes about one-third of the total land area. The two other islands of major importance as to size and population are Praslin and La Digue; 33.6 km and 48 km from Mahe, respectively.
The population of Seychelles originates from French and British settlers, African plantation workers and traders from India, China and the Middle East. The population of the Seychelles stood at just over 81,000 at the end of the year 2002. Christianity is the dominant religion, with some 86% of the population Roman Catholic and 7% Anglican.
Seychelles attained Independence from the British in 1976. In 1992 Seychelles became a multi-party democracy. A new Constitution was promulgated in June 1993 subsequent to its approval through a national referendum. Seychelles is currently divided into twenty-five political districts, each with a seat at the National Assembly.
The three most important sectors of the economy of Seychelles are fisheries, tourism and the rapidly developing offshore financial services sector.
The Seychelles is linked to major European destinations (London, Munich, Paris, Zurich, Rome etc) as well as to the Persian Gulf and India (Dubai and Mumbai respectively), Asia (Singapore) and South Africa (Johannesburg). Air Seychelles, British Airways, Air France, Condor, Air Mauritius, Kenya Airways and South African Airways ensure more than one hundred flights per week to and from the Seychelles.
International communications are provided by two international companies: Cable & Wireless and AirTel. The competition ensures a reliable level of communications, as both companies provide fixed line and mobile phone services. There are two leading Internet Service Providers (Atlas and Kokonet) ensuring a rapid development of internet coverage.
The national currency is Seychelles Rupee (SCR) and has fairly stable exchange rates against the major world currencies. The reference currency in the offshore services sector, including payment of the official IBC fees to the Government, is US dollar.
A Seychelles IBC is a flexible structure allowing for the corporation to conduct international business in an efficient manner. It is a limited liability company with protections among the best of any jurisdiction due to its excellent enabling legislation, the International Business Companies Act 1994.
Tax Exemption (Zero Tax):
Seychelles offshore company is not subject to any income and/or corporate tax of any kind on its revenue or profit.
The shareholders of Seychelles IBC is also exempt from any tax on any income or profit generated from the IBC and its shares.
Seychelles International Business Companies Act defines the tax status of the IBC as follows:
"109.(1) A company incorporated under this Act or a shareholder thereof shall not be subject to any tax or duty on income or profits accruing to or deriving from such company or in connection with any transaction to which that company or shareholder, as the case may be, is a party."
The essence of Seychelles IBC in regards to its tax liability is - Zero Tax. There is no income tax, corporate tax, VAT, dividend tax, stamp duties, capital gain tax or any other type of taxation.
In order to qualify as an IBC, a Seychelles company must meet the following criteria:
* It may not carry on business in Seychelles.
* It may not own real estate in Seychelles.
* It may not do banking, insurance and registered agent business without special license.
However, a Seychelles IBC may still engage into any of the following:
* It may maintain Seychelles-based bank accounts and deposits.
* It may maintain books and records within Seychelles.
* A Seychelles IBC may maintain professional relationship in Seychelles with attorneys, accountants, trust and management companies, investment advisers or other similar persons.
* It may hold meetings of its directors in Seychelles.
* It may lease a property in Seychelles to use as office from which to communicate with members and where books and records can be kept.
* It may hold shares, debt obligations or other securities in another Seychelles IBC or in a Seychelles domestic company.
* A Seychelles IBC may also own a vessel or and aircraft registered in Seychelles.
Shares in a Seychelles IBC may also be held by a person resident in Seychelles.
Privacy & Anonymity of shareholders and directors:
The names of directors and shareholders of a Seychelles IBC do not appear on the public record. It is against the law for a registered agent or anyone else privy to information regarding the names of directors and shareholders of a Seychelles company to disclose to any third party accept if by request of the Seychelles Supreme Court or the Seychelles Financial Intelligence Unit is support of an investigation into money laundering or terrorist financing.
The only records delivered to the Registrar are the Memorandum and Articles of Association which have no reference to the beneficial owner, directors, officers or shareholders.
Seychelles is an independent country and doesn't share or report information to any other country or third party. Seychelles is a party to any treaty no with the US nor with any EU country.
Capital:
There is no minimum or maximum capital for a Seychelles International Business Company. You can incorporate a Seychelles IBC with any capital amount you decide on.
There is no requirement to pay the share capital with the incorporation or any other official time line (such as opening a bank account).
Shareholders, Directors and Officers:
Only one director and shareholder are required and can be the same person.
Nominee shareholders and directors are permitted.
No statutory requirement for officers; however, if officers are required they can also be directors and shareholders.
Shareholders and directors may be of any nationality and reside in any country.
Directors and shareholders may be either a natural person or a corporate entity.
Seychelles IBC's are not required to hold annual shareholder meetings or board meetings.
When a meeting of shareholders and directors is held, a proxy may represent a shareholder or director and speak or vote on his behalf.
Financial Reporting:
Seychelles IBC is not required to file or submit financial reports, tax returns, corporate records or accounting data.
The IBC can manage and maintain its financials and accounting records based on the shareholders decision, in Seychelles or outside Seychelles.
==>> Order Seychelles Offshore Company 