Seychelles Offshore Company

The Republic of Seychelles is an archipelago comprising about 115 tropical islands located in the Indian Ocean about 1,600 km east of Kenya. You would be surprised to know that these islands were uninhabited until the 17th century. After a struggle between the British and the French, the islands were officially ceded to the British, when it became a British Colony. The Seychelles gained independence in 1976 and it has been a member of the Commonwealth since. Formation of a Seychelles Offshore Company is a very good idea for maximizing profits and reducing taxes.

Seychelles is considered to be one of the best places for offshore company formation. The offshore company in Seychelles takes a number of forms – the Limited Life Company, Limited Partnerships, or Special License Company. Most offshore businesses are International Business Companies. Formation of a Seychelles Offshore Company yields a host of benefits, some of which are detailed below:

- Seychelles International Business Companies or IBCs are 100% tax exempt as long as they do not conduct any business within Seychelles.
- There is no requirement to submit annual accounts or returns.
- Shelf companies are available in Seychelles.
- You can use nominee directors to ensure that your Seychelles Offshore Company is private and confidential.
- IBCs cannot trade within Seychelles.
- Seychelles does not have any exchange controls.
- Seychelles IBCs are one of the most tax efficient and secure structures in the world.

The following rules and regulations will come into play when you incorporate a Seychelles Offshore Company, i.e., International Business Company:

• IBCs do not require more than one director.
• The directors and shareholders may be of any nationality and residents of any country.
• There can be one shareholder and one director, and both can be the same person.
• The directors do not have to be the shareholders.
• Nominee directors and shareholders are permitted.
• There is no minimum or maximum authorized share capital or minimum or maximum capital requirements.
• Shares are issued in registered form only and bearer shares are not permitted.
• Shares can be issued for money or other valuable consideration.
• Shares can be issued in any currency.
• Seychelles IBCs are exempt from all taxes.
• You do not need to hold Annual General Meetings of its shareholders. In case a meeting is to be held, it can be held anywhere in the world.
• Directors meetings are not required.
• There is no requirement to prepare or file financial statements or accounts.
• There is no need of an auditor.
• Minutes of the meetings of its shareholders and directors are to be held on record.
• Resolution of the meetings to be held on record.
• A Register of all directors should be held on record.

The following restrictions are imposed on Seychelles Offshore companies which are incorporated in Seychelles:

- They should not do business with residents of Seychelles.
- They should not own any real property in Seychelles.
- They should not carry on business in banking, insurance, or trust unless a specific license has been granted.

Seychelles provides you with a lot of business and investment options. Avail the opportunity, and obtain the advantages by opening a Seychelles Offshore Company.