Seychelles is an archipelago of 115 islands located in the Indian Ocean and attached to the African continent. All these islands are grouped into a state which is the main island Mahé. Since 1976, they form an independent state within the British Commonwealth and the Francophonie.
Seychelles IBC Companies are useful alternatives to offshore companies established in jurisdictions such as the British Virgin Islands (BVI).
In December 1994, Seychelles legislation authorized the establishment of the International Business Companies ‘, the’ International Trusts ‘and’ International (free) Trade Zone Companies. A more recent legislation also authorizes the establishment of offshore banks, offshore insurance, mutual funds, and control of share trading. These new laws were made after a long study of offshore jurisdictions and international trust legislation.
While similar to those established offshore jurisdictions such as the Cayman Islands, the laws adopt a modern approach, detailed and complete the establishment and operation of offshore companies, mutual funds, offshore banking, the offshore insurance, and Free Port activities.
Given the very connotation “holiday” of the Seychelles, it would not be credible to establish your trade company or services in Seychelles. IBC are against everything to be adapted for use as a Holding or shareholder, allowing up dividends discreetly.
Seychelles companies Types
There are 2 main types of company in the Seychelles:
The company’s International Business, International Business Company (IBC) is a loose society in legal and tax level and allows to work with all countries except the Seychelles while providing many benefits for privacy and tax exemption local.
– Company Stock, Company Special License (CSL), has treaties to avoid double taxation and may exercise all activities authorized or outside Seychelles with a 1.5% company tax on all of its global revenues . Boasting a tax exemption on assets and on dividends, interest and royalties, registration duty on transfers of property, shares or other transactions. It is also exempt from sales tax on all supplies and equipment for the use of his office in the Seychelles as well as a social security contribution exemption and permit fees work for expatriate staff, this one before not exceed 25% of its global workforce.
The form of company most used by the Seychelles foreign entrepreneurs is the International Business Company (IBC) is the easiest to manage and exempted local taxes.
Taxes in Seychelles
Income tax: 0% for IBC
No tax, no withholding tax on dividends (for IBC), which can be freely paid to shareholders of the company.
Accounting requirements in Seychelles
For IBC Seychelles, he is not required to maintain accounts and publish data each year.
Creating a company in the Seychelles: the benefits
Many tax: no tax on profits IBC
It is not necessary to free the Share Capital
No business tax
Less than 10 days to create your company
anonymity possible: Nominated Service Director and Nominee Shareholder
Banking secrecy is respected in Seychelles