Seychelles
Company Formation
Seychelles
Starting at €950
Starting at €950
What's included for 950€ :
What’s Included:
- Incorporation of company
- Governmental fees for first year
- Scanned corporate documents
- Registered Address
Additional Services Available
Notarization and apostille
€390
Incumbency certificate
€155
Good standing certificate
€205
Operational address, annual
€750
Courier
€105
SWIFT + SEPA supporting EMI
€1500
Company formation
Company formation
Advantages of setting up a company on Seychelles:
Incorporating a company in Seychelles offers several advantages that have made it an attractive destination for businesses. Here are some key advantages:
- Tax Benefits: Seychelles is known for its favorable tax environment. There is no corporate tax on international business companies (IBCs) in Seychelles, meaning that IBCs are exempt from corporate income tax on profits generated outside of the country. This can result in significant tax savings for companies conducting international business operations.
- Privacy and Confidentiality: Seychelles provides a high level of privacy and confidentiality for companies and their shareholders. The details of company directors, shareholders, and beneficial owners are not publicly disclosed, ensuring confidentiality and protecting the privacy of individuals involved in the company.
- Ease of Incorporation: Incorporating a company in Seychelles is a straightforward process with minimal bureaucratic red tape. The company registration process is efficient, and the required documentation and compliance requirements are relatively simple, allowing for a quick and efficient setup.
- Flexible Corporate Structure: Seychelles offers flexibility in corporate structuring. Companies can have a single shareholder and director, and there are no requirements for local directors or shareholders. This flexibility allows for greater control and ease of management for international businesses.
- Asset Protection: Seychelles has robust asset protection laws that can help safeguard the assets of a company. Assets held within a Seychelles company can be protected from legal claims and creditors in certain circumstances, providing an additional layer of security for businesses and their assets.
- Political and Economic Stability: Seychelles enjoys a stable political and economic environment, which is crucial for businesses looking for long-term stability. The country has a well-established legal system based on English common law and a pro-business government that encourages foreign investment.
- Access to Double Taxation Treaties: Seychelles has signed double taxation avoidance agreements with various countries, including China, South Africa, and Indonesia. These treaties can provide companies with reduced withholding tax rates on certain types of income and enhance tax planning opportunities.
Taxation system
Taxation system
The tax system in Seychelles offers several benefits for businesses. Here are some key aspects of the Seychelles tax system:
- Territorial Taxation: Seychelles follows a territorial tax system. This means that only income generated within Seychelles is subject to taxation. Income derived from sources outside of Seychelles is typically not taxed, making it beneficial for companies engaged in international business activities.
- No Corporate Income Tax for IBCs: International Business Companies (IBCs) incorporated in Seychelles are exempt from corporate income tax. This exemption applies to profits generated outside of Seychelles, providing significant tax advantages for companies conducting business internationally.
- Capital Gains Tax Exemptions: Seychelles does not levy capital gains tax on the sale or transfer of shares, securities, or other assets by IBCs. This exemption can be beneficial for companies involved in asset transfers or restructuring.
- No Wealth or Inheritance Taxes: Seychelles does not impose wealth or inheritance taxes on individuals or businesses. This can be advantageous for high net worth individuals and families, as well as for succession planning purposes.
- No Withholding Tax: Seychelles does not impose withholding tax on dividends, interest, royalties, or any other payments made by IBCs to non-residents. This can be advantageous for companies that have non-resident shareholders or engage in cross-border transactions.
- Value Added Tax (VAT): Seychelles has implemented a Value Added Tax system. The standard VAT rate is 15%, with reduced rates applicable to specific goods and services. VAT registration is required for businesses that meet certain turnover thresholds.
- Double Taxation Avoidance Agreements: Seychelles has signed several Double Taxation Avoidance Agreements (DTAs) with countries such as China, South Africa, Mauritius, and the United Arab Emirates. These agreements aim to eliminate or reduce double taxation on income earned in both countries, providing additional tax planning opportunities.
VAT application
VAT application
If the activity of the company is conducted entirely outside of Seychelles, there is generally no requirement to apply for a Value Added Tax (VAT) number in Seychelles. VAT registration is typically necessary when a company engages in taxable activities within Seychelles and meets the turnover threshold set by the Seychelles Revenue Commission.
Stages of incorporation
Stages of incorporation
The process of incorporating a company in Seychelles typically involves several stages. Here are the general steps involved in incorporating a company in Seychelles:
- Choose the Company Name: Select a unique name for your company that complies with the naming guidelines set by the Seychelles authorities. The name should not be identical or similar to existing company names.
- Prepare the Incorporation Documents: Prepare the necessary incorporation documents, which usually include the Memorandum and Articles of Association, the company’s bylaws, and other relevant forms and declarations.
- Shareholder and Director Information: Provide information about the company’s shareholders and directors, including their names, addresses, nationalities, and passport copies. Seychelles companies can have a single shareholder and director, and there are no requirements for local shareholders or directors.
- Appointment of Company Secretary: Appoint a company secretary who can be an individual or a corporate entity. The company secretary is responsible for ensuring compliance with statutory requirements and maintaining the company’s records.
- Registered Office Address: Provide a registered office address in Seychelles where official correspondence and legal documents can be sent. This address must be a physical location in Seychelles and cannot be a P.O. Box.
- Submission and Review: Submit the required documents and information to the Seychelles International Business Authority (SIBA) or a registered agent authorized to handle company incorporations. The authorities will review the documents and information for compliance with the relevant regulations.
- Company Incorporation: Upon approval by the authorities, the company will be incorporated, and a Certificate of Incorporation will be issued. This certificate confirms the legal existence of the company.
- Post-Incorporation Formalities: After incorporation, additional steps may be required, such as opening a bank account, obtaining relevant licenses or permits for specific business activities, and ensuring compliance with ongoing reporting and filing obligations.