Seychelles comprises a group of approximately 115 islands in the Indian Ocean some 5 degrees NE of Madagascar, most of which are situated between 4 and 5 degrees south of the equator. Time zone: GMT+4 (same working day as Europe, Asia and Africa).
An Independent Republic within the Commonwealth, Seychelles has a population of 83,000 and good political stability with a democratically elected Government. Seychelles has comprehensive and modern international financial services laws. The Seychelles legal system is based on English Common Law and French Civil Law. The company, banking, trust and other financial services legislation is heavily based on English common law. The Islands have a modern telecommunications network.
Seychelles entered the offshore financial services industry in December 1994, following the enactment of the International Business Companies Act 1994 and other legislation regulating offshore trusts, offshore banking, offshore insurance and international shipping and aircraft registration. In 1997 legislation was enacted to provide for Seychelles-based mutual funds. Free trade zone laws are also in effect, aimed at encouraging inward investment.
As a relative newcomer to the offshore industry, Seychelles has a greater number of company names available that some other jurisdictions.
Attractive Seychelles IBC benefits include:
- Value for money: low annual Government licence fees irrespective of the amount of the authorised share capital of the company
- Fast incorporations and name approvals
- Nil Seychelles taxation on foreign income and also exempt from Seychelles withholding tax and stamp duty
- Registered shares only permitted
- Acceptability to international banks - Seychelles is not on any OECD or FATF blacklists
- Seychelles is a stable and independent Country - not being a dependent overseas territory of a European state, Seychelles is not subject to any EU Tax Directives.
Why choose Seychelles IBCs?
The Seychelles IBC (International Business Company) is one of the most popular offshore company entities in the world (based on comparative annual incorporation numbers).
Incorporation fees cover all government fees, registered office and registered agent fees, our admin and courier fees.
Annual renewal fees cover all government fees, registered office /registered agent fees /our admin.
Contact us for more information or enquiries.
It is essential that you seek professional legal and tax advice before incorporating an overseas company.