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Why incorporate company in Seychelles?

Updated time: 08 Jan, 2019, 11:40 (UTC+08:00)

With the number of new incorporation volumes increasing steadily day by day, Seychelles is now known as one of the most competitive and well-known tax haven jurisdiction among the professional offshore

Why incorporated in Seychelles?

community. There are many reasons that bring Seychelles to the leading position of the Indian Ocean region’s offshore tax haven. And the main purpose of this article is to inform you some of the most beneficial advantages of starting a Seychelles Company incorporation.

The first one is zero tax system. Based on the Seychelles’ definition of the law, this country is not subject to any tax or duty on income or profits; No taxation or absolute minimum taxation on profits and capital gains. In other word, a Seychelles IBC is a completely tax-free offshore corporation. However, to be considered as a Seychelles IBC, below are a few requirements that you need to be aware of:

  • You may not carry business nor hold property or your own real estate within the Seychelles
  • Banking, trust, insurance or registered agent business may not be allowed without special license and permission.

Read more: Doing business in Seychelles

Since Seychelles does not approve to join any information-sharing agreements with other foreign nations or organizations in order to exchange of financial aid, the confidentiality of the company's director, shareholder and beneficial owners are not disclosure as a part of public record. The only Seychelles IBC documents that may be shown on public record are the Memorandum of Association and the Articles of Association. However, there’s no need to worry because these types of document do not combine any information indicated the actual directors/ shareholders or the beneficial owners of the company.

Besides that, two of reasons which make Seychelles become an attractive option are the affordable formation fee and no obligation to do any annual filing report .

With only US$ 889 and normally 2 working days to proceed, you can be ready to do business.

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