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Seychelles |
| Background |
Complete business privacy
and confidentiality
Full exemption from taxation on foreign income
Reasonable pricing with simple legislative requirements
Fast and efficient technical support |
| Introduction |
Seychelles is an independent
Republic within the Commonwealth with a population
of 82,000. Seychelles comprises a group of approximately
115 islands in the Indian Ocean, most of which are
situated between 4 and 5 degrees south of the equator.
The country has good political stability with a
democratically elected Government. The Seychelles
economy is primarily based on tourism, commercial
fishing and offshore financial services industry.
Seychelles offers a wide variety of financial services,
including offshore banking, investments and insurance.
The International Business Company (IBC), which
is both inexpensive and user-friendly, is the most
popular corporate entity and can be used for many
purposes with few limitations. |
| Law
And Taxation |
Seychelles is governed
by civil law except for the corporate legislation
and criminal law which are based on the English
common law. The principal corporate legislation
governing IBCs is the International Business Companies
Act (IBC Act) 1994, which is both a comprehensive
and user-friendly piece of legislation for the incorporation,
regulation, operation and taxation of IBCs, requiring
minimal disclosure.
IBCs are exempt from taxation on business activities
or transactions carried on outside the Republic
of Seychelles, and although there are no specific
laws to govern secrecy in relation to companies,
the English common law imposes the duty for professionals
to keep the affairs of their clients confidential.
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| Corporate
Requirements |
IBCs are required to have
at least one director and one shareholder, which
may be natural persons, or corporate entities. Neither
directors nor officers need to be shareholders.
Shareholders, directors, and officers may be of
any nationality and may be residents of any country.
A company secretary is not mandatory, although it
is customary to have one appointed, and may be of
any nationality and need not be resident in the
Seychelles. The company must have a registered office
and a registered agent in the Seychelles. The language
of legislation and corporate documentation is either
English or French. If any other language is used,
it must be accompanied by a translation in either
English or French.
Both the English and Chinese company name can be
included on the certificate of incorporation.
Shares permitted include: registered shares, bearer
shares, shares of no par value, preference shares,
redeemable shares and shares with or without voting
rights. IBCs are normally incorporated with an authorised
share capital of USD100,000 par value shares, and
the minimum annual licence fee payable for up to
USD100,000 shares is USD110. Nevertheless shares
may be expressed in any currency and the minimum
issued capital required is one share and may be
with or without par value. Beneficial owners need
not be disclosed. There is no requirement to hold
Annual General Meetings and meetings do not have
to be held in the Seychelles and can be held by
telephone or other electronic means. IBCs do not
have to file any annual returns, accounts, or financial
statements and there is no requirement to register
initial or ongoing changes in directors or officers.
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| Local
Infrastructure |
| Seychelles has the finest
International Airport in the Indian Ocean region
and its national and international telecommunications
carriers are well established. There are an increasing
number of international banks and insurance companies
which have established branches in the Seychelles
with local management companies, accounting and
legal firms to provide support. |
| Our
Services |
We can incorporate a company
with your choice of name and confirm the availability
of names in advance. All companies are provided
with a complete company kit, including share certificates,
5 copies of the M&A plus an electronic copy
on CD-ROM, statutory registers, common seal, company
chop and a certificate of guarantee of quality.
In addition, we can assist clients in obtaining
certificates of good standing, registered agent
certificates and other certificates of corporate
existence. We do not provide corporate management
services but would be pleased to introduce you to
other professional firms which do.
Through our Group's licenced trust company in the
Seychelles, we provide necessary ongoing services,
Registered Office and Registered Agent for all companies
that we incorporate. We would also be pleased to
provide such services to other Seychelles-incorporated
companies. |
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