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Offshore Company Formation
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Seychelles offshore company formation

For a formation of the Seychelles offshore company a business owner is required to specify a minimum of one shareholder and one director, with no stipulation as for their citizenship. The Seychelles offshore company formation is extremely simple process, with absolutely minimal legal requirements to comply with, and in fact the IBC registration can be completed during couple of hours. The application with a set of standard documents must be submitted to the Registrar of International Business Companies with applicable fees of just $US 100 for company with a declared capital less than $US 5000 and $1000 for an offshore company with authorized capital exceeding U$ 50,000. Seychelles company incorporation is regulated by the Seychelles International Business Companies Act, 1994. The Act imposes certain restrictions such as that the IBC shall at all times have a registered office in Seychelles and at all times shall have a registered agent in the Seychelles.

According to the Seychelles Act, an International Business Company is a company that does not
  • (a) carry on business in Seychelles;
  • (b) own an interest in immovable property situated in Seychelles, or a lease of immovable property situated in Seychelles
  • (c) carry on banking as defined in the Financial Institutions Act, 1984 or a trust business;
  • (d) carry on business as an insurance or a reinsurance company; or
  • (e) carry on the business of providing the registered office for companies.
Who can register an offshore company in Seychelles? Anyone. No visa is required for national of any country to enter the jurisdiction.

Seychelles taxes. Social security tax is the only significant tax required by the Seychelles legislature to be paid by individuals. There is no even any income tax. The social security tax is imposed on Seychelles residents only. A person is considered resident if he is present in the Seychelles for more than 180 days in any one tax year. The local offshore legislature provides, however, that Seychelles-originated dividends, interest and the majority of types of royalties are subjet to withholding tax if paid to non-residents. As for the Seychelles social security tax, employers pay 20% of the net income, while employees pay only 2.5% of their salary. It is employers or business owners who are responsible for the tax remittance, which is due to be paid on a monthly shedule to the Seychelles tax authorities.

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Review of new offshore Columbia Yacht Corporation will be published soon. Vessels registrations under the Panama Flag comes next.

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Related: Create an independent offshore finance company in New Zealand and earn interest. How to register the Dominica offshore company. Offshore Finance Center Vanuatu and Vanuatu Offshore Bank Formation.

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