Offshore Company Formation in Seychelles

Seychelles is one of the hottest destinations for offshore incorporation. It is an archipelago of 115 islands in the Indian Ocean, full of natural beauties. Its capital is Victoria where multiple offshore companies have been successfully established. The procedures to setup an offshore company in Seychelles are simple, clear, flexible and fast. Here are some key points of the destination that attract offshore investors.

Economic Growth

The economic condition of the land is strong. After independence in 1976, Seychelles has been growing fast. Foreign companies and tourism are two prime sources of economic growth of the beautiful island. The social environment is calm and friendly.

Language

Language problem not comes in the way of offshore company formation. Documentation related work is handled in English or French languages. People of the island also speak these two prime languages.

Jurisdiction

Seychelles jurisdiction is interesting and attractive. The law system is based on English Common Law. IBC (International Business Companies Act) of 1994 is followed where international companies are free from tax on any legal business from which they are getting benefits from outside. It is means 0% tax on business profits.

No Audit

Foreign companies in the land are free from any type of business auditing.

Fee for Renewal

There is a fix fee for renewal of your foreign business in Seychelles. The government of the land asks to pay a fee for renewal of the company. A particular date is provided to pay the amount. Getting delay in payment could result of fine.

Simple Corporate Requirements

A few simple requirements are required to follow by each foreign company in Seychelles. These companies need at least one shareholder and one director. Either officers or directors can act as shareholders. It is not necessary to appoint resident directors or officers. They can be from any country. It is not mandatory to appoint a company secretary. Furthermore, organizing an annual meeting in Seychelles is not necessary. A local registered agent and a local registered office are two essential local requirements. Corporation setup could be possible from online.

Offshore Company Agents

These agents are active in Seychelles. They assist foreign investors at a large scale to establish a company in Seychelles within 2 to 3 working days. Online business registration, statutory registration, virtual office setup, offshore banking and documentation are some prime services offered by offshore agencies. They make the offshore company formation Seychelles process easy, fast and secure. Customized and budget packages are offered by them. According to the budget and requirements, foreign investors can ask for assistance from these agencies.

Vishal Ramanah is an author who associated with https://www.ukincorporation.co.uk. Here he is sharing information about Offshore Formation.