For those who wish to establish an offshore business company, they may wish to register in the Seychelles. These islands are located between the east coast of Africa and India. The islands have the Independent Republic, which is one of the largest progressive offshore business centers in the world. The legal system to which these islands are governed is the legal system based on English common law and French civil law.
Some basic information on setting up a Seychelles Offshore Company Incorporation is that the IBC (International Business Company) can be set up in just 5 business days. One of the requirements is that you cannot use a name that is available in the country where you are from, you must choose one of the commercial names that they have available. You can have the name of the company of your choice in the language of your choice, but an official English or French translation is required.
Once your Incorporation is established, the Memorandum of Association will be filed at the time of incorporation. One of the other requirements is that you must have a registered office in Seychelles. The address of the office where it is registered and the name of the person who is the subscriber of the company must be provided to the registry. But you don’t have to worry about the fact that the Seychelles Office can help you with that.
They will also file all your documentation for you. The advantage of having a company established in Seychelles is that they are very flexible with their rules. Some of the basic ideas are that there are no minimum or maximum capital requirements necessary for a Seychelles company. Company shares can be issued with or without Par Valves. The IBC does not require more than one commercial director. Directors do not have to be shareholders.
The most popular reason business owners choose offshore business companies is privacy. In the Seychelles, only one shareholder and one director are required for IBC incorporation. Their names must appear in the public registry so they can offer a nominating service to help keep the owner’s name and information private.
As we mentioned previously, there are no minimums and maximums of Authorized Social Capital. But there is a legal incorporation fee that is $ 100 for capital up to $ 5,000.00 and $ 300.00 for capital up to $ 50,000.00 and $ 1000 for capital up to more than $ 50,000.
Any incorporation that is formed in the Seychelles is tax exempt, but the annual renewal is fed by government fees, registered office fees, and sometimes nominees fees. These must be paid each year on the anniversary of the date you set up your onboarding.