Advantages to offshore companies in Seychelles islands

Type of company:

International Business Company - International Business Companies.

Company Law:

INTERNATIONAL BUSINESS COMPANIES ACT, 1994.


Actions permitted:

Any not prohibited by the law. Requires special:

license for banking, insurance, reinsurance, trust services.

Restricting business:

Conduct business with residents of the Seychelles. Own property in the Seychelles.

Exchange control:

No.

The agreement on the avoidance of double taxation:

United Kingdom, the Caribbean Community.

Charter capital:

There are no set requirements. Usually registered capital is U.S. $ 5,000.

Stock:

Bearer shares are permitted.

Shareholders:

At least one natural or legal person. Permitted to manage the shares by proxy.

Director:

Natural or legal person. No requirements to nationality and citizenship.

Taxation:

For international business companies is not a tax on income, as well as any other taxes, except for an annual fee of $ 100

Registered Office / Agent:

Required.

The advantages of the Seychelles

•     International Business Companies (IBC) is completely tax-exempt, from any exchange control and has limited liability;

•     There is no need of bookkeeping, delivery of the annual report, the passage of the audit;

•     Ease of operation and design of IBC through improved legislation IBC;

•     Incorporation is usually done on the same day and usually within 24 hours;

•     Minimum requirements for standing to the Registrar of Companies IBC;

•     Anonymity of the beneficial owner;

•     The country signed the Hague Convention (1961) to issue Apostilley.