Why Seychelles?

Offshore Seychelles

No data to third parties, this is regulated by the Constitution of Seychelles

Offshore Seychelles

More than 200,000 offshore companies founded in the last 20 years

Offshore Seychelles

OECD white listed, invoices from your company are accepted worldwide

Why the Seychelles is the right jurisdiction for you?

Offshore company Seychelles, no travel, no paperwork, anonymous and fast

No data to third parties, more than 200,000 offshore companies, OECD whitelisted

Seychelles is a democratic multi-party republic with an independently elected President at the head of the executive and a National Assembly consisting of 33 democratically elected representatives.

  • Location: between 4 and 10 degrees south of the equator in the Indian Ocean
  • About 1500 km from the east coast of Africa
  • Time zone: GMT+4
  • Population: about 100,000 (2020)
  • Capital: Victoria
  • Airport: Seychelles International Airport
  • Language: English, French and Creole are official languages, but English is the main business language
  • Political system: Democratic Republic
  • International area code: +248

An International Business Company (IBC) of the Seychelles is the most versatile and flexible way of setting up a business, worldwide. Similar to other offshore countries, the Seychelles IBC is well known and popular for its international use and operational capability.

While many other overseas jurisdictions have directories of directors, shareholders. UBO and shareholders, the Seychelles allow absolute anonymity through a non-public register and a constitutionally clear privacy statement. Furthermore, the freedom of movement of companies in Seychelles goes far beyond the usual scope of offshore companies out.

Since the introduction of the Seychelles International Business Companies Act in 1994, over 200,000 companies were established in the Seychelles The number of new registrations per month is more than 1000 and should: "why Seychelles?", answer.

  • No data about you

    • No access to the register of directors or founders (trust)
    • No public access to the data of shareholders or beneficial owners (OBO)
    • Under the Constitution of Seychelles, it is prohibited by law to disclose or make available to third parties outside Seychelles
  • More than 200,000 offshore companies

    • Only one director or shareholder required
    • A Seychelles IBC may become the owner of aircraft and vessels registered in the archipelago. This means, for example, that ship and yacht owners are also anonymous
    • Low start-up costs, as well as low annual Follow-up / Renewal costs
    • 100% tax exempt
    • A large number of tax treaties with many countries allow the transfer of profits to the Seychelles and taxation of 0%.
    • International Free Trade Areas
    • No corporate income tax
    • No obligation to hold annual general meetings
    • No accounting obligation
    • Commercial register information is not publicly available. Anonymity is absolutely guaranteed!
    • Asset maintenance
    • Considered and respected as an offshore country worldwide
    • The laws on the free movement of companies enable global work and the best possible development
    • No data exchange agreements with third countries
    • 46 double taxation agreements valid according to OECD standard
    • No shareholder or board of directors data are publicly accessible
    • No controls on free exchange
    • English is business language
    • The population has a high standard of education and is consistently at least bilingual in English/French.
  • The Seychelles are OECD whitelisted

    Based on the internationally agreed tax standard, the OECD has formulated "white", "grey" and "black" lists:

    • White list - jurisdictions that have implemented the internationally agreed tax standard - i.e. are not considered a tax haven by the OECD.
    • Grey list - jurisdictions that are committed to the internationally agreed tax standard, but have not yet substantially implemented it - i.e. they may meet some of the tax haven criteria mentioned above.
    • Black list - jurisdictions not bound by the internationally agreed tax standard - i.e. the jurisdiction has not taken steps to cooperate with the OECD in implementing the standard.
  • Easy management

    • No obligation to prepare or file annual accounts
    • No obligation to appoint an auditor, no tax audit
    • No accounting obligation
    • Seychelles shall dispense with current accounts.
      The simplified obligation to retain documents at the place of administration has only been in force since 01.04.2012.
    • The minimum capital does not have to be paid up.
    • There is no obligation to attend general meetings
    • Favourable, ongoing costs
    • Tax advantages
    • Discretion and asset protection
  • Tax Exemption for Offshore Companies in the Seychelles

    • The Seychelles offshore company is not subject to Seychelles taxation of profits at its registered office.
    • This applies if the offshore company's turnover was generated outside Seychelles.
    • As this is likely to be the case in most cases, it is referred to as a zero-tax company.

An overview for the Seychelles IBC

Seychelles Income Tax and Corporate TaxNone
Doing business internationallyAllowed
transact business within the SeychellesNo
IBC formally considered as resident in SeychellesYes
Official language / language of documentsEnglish
Standard Capital100,000 USD
Adjustable capitalYes, from $100 to $100,000
Minimum paid-up capitalNo deposit required
Bearer sharesNot allowed
Minimum number of directors1
Minimum number of members (shareholders)1
Non-resident directorsAllowed
company directorsAllowed
Registered agent and address in the SeychellesRequired
Register of DirectorsAvailable, but not publicly accessible
register of membersNot available
Register of members submitted for public recordingNo
Disclosure of beneficial owners to the RegistrarNo
Disclosure of beneficial owners to the Registered AgentYes
Holding of the annual general meetingNot recoverable
Meeting of the directors / membersWorldwide, also possible online
Company minutes and resolutionsYes and to be kept at the Director's place
Company sealNot required
Retention of accounting recordsRequired
Annual accountsNot recoverable
BookkeepingNot required
Access to agreements to avoid double taxationNot required
Subject to currency controls / restrictionsNo
Resettlement of a foreign company in the SeychellesYes
Resettlement of a Seychelles company abroadYes

Interesting facts about the Seychelles

History

The Seychelles Islands were first seen by Arab traders around 850 AD and later visited by Portuguese traders with Vasco da Gama around 1502. In 1742 the French captain Lazare Picault finally discovered the Seychelles. The first settlements were established in the Seychelles around 1770, when the islands were then settled by the French. The first permanent settlers came from France, Africa and India.
From the beginning, the Seychelles have been a melting pot of different ethnicities, religions and traditions, which today lives on in the "Creole spirit". The Seychelles remained a French territory until it was later ceded to Great Britain under the Treaty of Paris in 1814. In 1903, the Seychelles were granted the status of a British Crown. Seychelles remained part of the British Empire until 1976, when it gained independence. Seychelles remains a member of the Commonwealth of Nations.

Government

Seychelles is a member of the United Nations, the African Union, the Commonwealth of Nations and the Francophonie. Seychelles is also a member of the Common Market for Eastern and Southern Africa (COMESA) and the Southern African Development Community (SADC).

  • Tax base: territorial (i.e. the tax is levied only on "accessible income", i.e. income from the Seychelles)
  • Trade tax: 25-33%
  • Personal Income Tax: 15% (effectively a payroll tax, as it is only levied on remuneration from Seychelles companies)
  • Capital gains tax: 0%

Seychelles has a good reputation with international regulatory bodies such as the OECD's Global Tax Forum and the Financial Action Task Force. Seychelles is committed to the OECD's Base Erosion and Profit Shifting (BEPS) initiative. The Seychelles adopted the OECD Common Reporting Standard (CRS) early on and concluded a Model 1 Inter Governmental Agreement (IGA) with the USA for FATCA.

Economy

The main economic factors in Seychelles are tourism, fisheries and financial services (i.e. banking, business services, trust services, securities, etc.). The gross domestic product (nominal) in 2019 was approximately USD 1.65 billion or slightly more than USD 17,127 per capita, putting Seychelles in 53rd place in the world and first in Africa out of 54 countries that even surpass oil-rich Equatorial Guinea.

GDP growth in 2019 was 3,57%.

Status: November, 2020

Climate

The climate is warm all year round and generally remains between 24 and 32 degrees Celsius. With the exception of the southernmost islands, all the islands are outside the cyclone belt, which means that the country is spared from the destruction caused by hurricanes/cyclones and tornadoes that, for example, oftenly sweep over the Caribbean jurisdiction or Mauritius.

The Republic of Seychelles is an independent country situated on the Seychelles microcontinent in the Indian Ocean as an archipelago of 115 picturesque islands in the world. The Seychelles comprise an economic zone of approximately 1.4 million km2. 41 of these islands, including the largest island Mahe, are the oldest mid-ocean granite islands in the world, and the rest are coral islands. The Seychelles plateau and the inner islands were once part of the Gondwana Supercontinent.

Telecommunications

Seychelles is the African Union leader in Internet speed. The main island of Mahe is connected via an underwater fibre optic cable link to more than one large underwater cable network off the coast of East Africa.

The main telecommunications companies in the Seychelles are Cable and Wireless and Airtel.

Seychelles has an advanced 4G wireless infrastructure. Most businesses are connected by fibre optic cable. By 2020 the entire main island of Mahe, every home and business will be connected by fibre optic cable.
5G will also be available from 2020.

Airlines

From the Seychelles, with only two connecting flights, there is access to almost every major city in the world.

The country has its own airline, Air Seychelles, which is jointly owned by the Government of Seychelles and Etihad Airlines, the operator.

Other major airlines with the most flights to Seychelles are Emirates and Qatar Airways, both of which fly daily. Other airlines flying to Seychelles are Condor, Edelweiss, Air France, British Airways, Qantas, Turkish Airlines, Jet Airways, South African Airways, Austrian Airlines, Ethiopian Airlines, Sri Lankan Airlines and Kenya Airways.

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