Registration of a company in Seychelles

Seychelles is a classic and widely known offshore jurisdiction. The jurisdiction has attracted business people for many years. It has transparent legislation, protects investors, and provides complete freedom of action. The developed sectors are trade, financial industry, communications, and IT. Therefore, registering a company in Victoria or any other city in Seychelles is beneficial, considering these features of the jurisdiction.

Advantages of registering a company in Seychelles

If you are considering registering or buying a business in Seychelles, the decision can be potentially beneficial because of the following advantages of the region:

• no taxes for international trade;
• high level of protection of personal data of foreign investors;
• the services of nominee directors are allowed;
• absence of currency control;
• opportunity to register a company quickly, inexpensively, and efficiently;
• no requirements for local directors.

Forms of doing business in Seychelles

The most popular form of business in Seychelles is the International Business Company – offshore. This is the simplest form of doing business, which can be established even by one shareholder, either individual or legal entity. The founder can be of any nationality. To run a company, one director is required, whose residency also does not matter. Usually, one secretary of any race is also needed, a natural or legal person, but appointing a secretary is not a legal requirement. The minimum authorized capital for the offshore by law needs to be set – it may even be $1. But, in practice, the amount of the official money must be consistent with the type and volume of operations the offshore company plans to conduct.

Trusts and foundations can also be established in Seychelles, as well as obtaining all sorts of licenses. Contact the Seychelles lawyers for detailed advice on registering offshore companies and trusts in Seychelles.

Offshore registration procedure in Seychelles

It is possible to register a company in Seychelles after passing specific consecutive steps:

1. Selection of the types of activities that the future company plans to engage in.
2. Selection and reservation of a unique name for the offshore.
3. Collection of information on the founders, beneficiaries, parent company (if any), and company management.
4. Search and registration of the official address for the future company.
5. Drafting and execution of incorporation and registration documents for the new offshore.
6. Payment of necessary registration fees and submission of registration documents to the Seychelles International Business Authority. Incorporation of the new offshore into the Seychelles Commercial Register.
7. Registration for payment of mandatory social contributions.
8. Opening of corporate bank accounts.
9. Obtaining additional permits and licenses (required for certain regulated activities).

Regulatory environment and aspects of taxation in Seychelles

It is easy and profitable for a non-resident to register a business in Seychelles. The business environment is open to foreign investment, and foreigners get many benefits from the local government. Income generated outside the jurisdiction is not subject to corporate tax. Data on foreign investors is disclosed only in exceptional cases by court decisions. A license will be required to carry out certain regulated activities (e.g., brokerage, banking, or insurance).

How can the specialists of Prifinance assist

If you plan to create a subsidiary in Seychelles, Prifinance lawyers are ready to develop customized registration solutions and implement them on your behalf in practice. They have completed more than 11 000 cases in the registration of legal entities worldwide. This experience will ensure a successful start and conduct of business in the new project.