Seychelles company establishment is one of the most popular choices in the offshore world with its 0% tax rate and high level of confidentiality. With Sirket.io, you can establish your company completely online in a few days.
Setting up an offshore company in Seychelles is an attractive option for entrepreneurs due to its tax advantages, confidentiality and low operating costs. Seychelles offers exemption from local taxes such as income tax and capital gains tax. The names of the company owners are not publicly available, providing a high level of privacy. Additionally, the company formation process is fast and annual liabilities are simple. The company structure is suitable for digital services, international trade and holding activities. Seychelles companies can also be used for asset protection and succession planning purposes.
The most common offshore company type in Seychelles, the IBC (International Business Company), is specifically designed for international trade and investment activities. Seychelles IBC companies do not have to pay taxes on overseas profits. The company’s shareholders and directors are not visible in public records, providing a high level of privacy. IBC companies are not required to submit annual financial statements or have an audit. They can be established with at least one shareholder and one director, and they do not have to reside in Seychelles. With its low-cost, fast and flexible structure, the IBC model is an ideal solution for entrepreneurs doing business internationally.
The process of setting up an offshore company in Seychelles is very fast and convenient. All processes can be carried out remotely and are usually completed within 1 to 2 business days. A minimum of one shareholder and one director are required to set up a company. Once the documents are approved, the company is officially registered and can start its operations.
In IBC companies established in Seychelles, the liability of shareholders in relation to the company is limited to the amount of shares they own. There is no minimum authorized, committed or paid-in capital requirement. The company capital can be expressed in any currency. The authorized capital amount can be freely determined during the company establishment. Shares can only be issued in registered form. These shares can be of the following types: with or without voting rights, with or without more than one vote per share, with the right to vote only on certain issues or under certain conditions, with the right to vote only by persons who meet certain conditions, without par value, unnumbered, ordinary, preference, redeemable, and with the right to acquire shares only in certain assets. Seychelles IBC companies cannot issue bearer shares. An IBC can be established by at least one shareholder. The shareholder can be a natural person or a legal entity and there is no residency requirement. Shareholder information is not disclosed to the public. There must be at least one director in the company. The director can be a natural person or a legal entity; there is no residency requirement. The director can also be the sole shareholder. Director information is not publicly available. It is not mandatory to appoint company officials such as secretaries. If appointed, the secretary can be an individual or a legal entity and there is no residence requirement. Seychelles IBC companies must have a registered office in Seychelles. This address is provided by the company's registered agent. Annual general meetings are not mandatory and can be held at any location. Meetings can be held by telephone or other electronic means of communication. Directors and shareholders can also vote through proxies.
Only locally sourced income is taxed in the Seychelles. Foreign sourced income is not subject to tax. If an IBC does business with Seychelles residents, it must file a notice with the Companies Registry, file annual audited financial statements and tax returns, and pay local taxes. Dividends, interest, royalties or other payments made by Seychelles IBCs are exempt from tax if such payments are derived from non-Seychelles income. Additionally, capital gains tax is not applicable in Seychelles.
All IBCs must maintain accounting records reflecting the financial position of the company and the transactions it has made. These records do not need to be submitted to any authority. However, a copy of the accounting records must be kept with the registered agent in Seychelles for a period of 7 years. The authorities may inspect these documents if deemed necessary.
Seychelles IBC companies are not required to file financial statements, annual reports or tax returns, but this only applies if the company operates outside the Seychelles. If an IBC conducts business within the Seychelles, it must file a report with the Revenue Authority, file financial statements and a tax return, and pay local taxes.
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International Business Company
This package covers all legal and administrative processes for investors and entrepreneurs planning to set up an IBC company in Seychelles, providing a fast, compliant and hassle-free incorporation experience.