Blog DetailsSeychelles, its full name Republic of Seychelles, is an archipelagic offshore jurisdiction located in the Indian Ocean in eastern Africa. On June 29, 1976, Seychelles declared its independence and established the Republic of Seychelles. It is a country with beautiful scenery and half of the whole territory is a nature reserve. It enjoys the reputation of being a “tourist paradise”. At the same time, its IBC is also favoured by entrepreneurs and many have chosen to register their company there.
From personal perspective, the Seychelles IBC has many advantages. First, it personal data of shareholders and directors are well protected with extremely high confidentiality. Second, company owners can choose to issue bearer shares and there are no requirements to submit company accounts annually. One more important note, businesses that do not operate in the jurisdiction gets to enjoy tax exemption.
Next, let’s talk about the requirements to start a Seychelles IBC Company: ① Provide one director and one shareholder (both of whom can be the same person) ② minimal registered capital to start the company (3) Profits derived offshore are exempt from taxes in the Seychelles Islands, this include dividends, interest, rent, compensation, income from other securities, creditor’s rights and other corporate income. In addition, offshore companies do not have inheritance tax and gift tax, and offshore companies in Seychelles are exempted from stamp duty on all operations.
The scope of businesses the Seychelles IBC Company can cover is very wide, so there are lots of operating flexibilities should you run your business operations under one. Seychelles IBC incorporation processing time is short and clear cut. It does not require any physical presence to complete any registration process. Prepare relevant documents such as the registered address and nominate an agent like us to carry out and clear all the legal documentation, address and administration. With a conservative time approximation to completion, the entire application will complete within 7-10 days.
If you are interested to register for a St. Vincent company and would like to find out more information, please consult:
