Company Incorporation Seychelles
Seychelles – Brief Description
Seychelles, officially known as the Republic of Seychelles, is comprised of 115 islands in the western Indian Ocean, occupying a land area of 455 square kilometers, and an Exclusive Economic Zone of 1.4 million square kilometers. Seychelles is renowned for its pristine and natural environment. Since it gained independence in 1976, the country’s economy has consistently grown, making it one of the major financial hubs of Africa. It has now become one of the most popular places for offshore incorporation.
Advantages of Seychelles Company Incorporation
01. Ease of Incorporation
It usually only takes 24 hours to incorporate a company in Seychelles, making it one of the easiest in the world. There is no minimum capital requirement and no par stock value is allowed and accepted.
02. Low Tax Rates
Seychelles has a territorial tax system; hence any income earned outside of the country is not subject to taxation. Such also applies to capital gains, interest and stamp duties on business transactions.
03. High Level of Privacy and Confidentiality
Seychelles does not require the public filing of details or personal information of shareholders, directors and non-beneficial owners. Furthermore, since Seychelles is a stable and independent country, it is not subject to the European Union Savings Tax Directive; hence, there is no political pressure to disclose information in Seychelles.
04. Minimal Reporting Requirements
International Business Company (IBC) which does not earn any income within Seychelles is not required to file taxes and audit its financial accounts but is merely required to keep its accounting records.