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Seychelles Companies

December 21st, 2011 · No Comments

Forming in the beautiful islands of the Seychelles will provide a competitive offshore incorporation fee as well as offering International Business Companies (IBC) full tax immunity on income and profit made beyond the boundaries of the Seychelles. This type of taxation is perfect for offshore incorporation and is a key motive for businesses to choose Seychelles companies. They are extremely popular with business owners searching for an inexpensive tax haven to either set up a new company or enlarge their current one.

Seychelles company registration does involve a small number of constraints, but if these are adhered to, the company and its directors will benefit from wide-ranging tax breaks. The main issue is that the company cannot carry out business within the confines of the Seychelles. Property cannot be owned in the Seychelles and no banking, financial or insurance business can be carried out without a special licence.

As long as Seychelles companies conform to these regulations, they will not be liable for tax or duty on any income or profits. Shareholders also enjoy these benefits. No stamp duty is levied on property conveyed to or from the company and these tax free advantages last for 20 years. These are all key reasons to set up an IBC in the Seychelles.

An IBC can be set up in the Seychelles for a very reasonable fee and compares favourably with other offshore locations. At a cost of a few hundred pounds Seychelles company incorporation can be completed and all the great benefits of the tax system will be available to the business. Another desirable advantage for many businesses is the privacy which is allowed to Seychelles companies. The licensed registrar of Seychelles companies is the sole person who can access the director and shareholder information. A minimal requirement for record keeping and filing for a Seychelles company allows company directors and beneficiaries a great degree of confidentiality as their details are not disclosed.

Seychelles company incorporation is an inexpensive and easy means of benefitting from offshore business advantages. Incorporation typically only takes one or two days. Businesses can then enjoy the total privacy and full tax immunity on business carried out beyond the confines of the Seychelles. There is no doubt that Seychelles companies have cemented their place as an excellent location for offshore registrations.      

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