5 Reasons Why You Should Establish Seychelles Offshore Company

Seychelles continues to be one of the ideal jurisdictions for setting up an offshore company, which can be great for your growing business if you are looking for a legal way to establish a presence in abroad. As long as you work with an established and licensed Seychelles company formation service provider, you can seamlessly set up your offshore company in the country and start experiencing the following benefits:

1. Cost-effective – A Seychelles offshore company can be cost-effective to maintain in the long run. Government fees are only $100 per year and there are no additional licensing fees or taxes payable in Seychelles. You will also require a licensed corporate services provider to establish the company, provide the registered office and act as the registered agent at the least.
2. Quicker to set up – It takes no more than 24 hours to set up a Seychelles offshore company once the necessary documents have been submitted to the registrar unlike in other countries where the process can be lengthy. Your chosen corporate services provider will ensure you have all the necessary documents prepared and you register your company in the right registrar. For instance, if you are registering a Seychelles IBC, the CSP will submit the documentation and application to the Seychelles Financial Services Authority. The Registrar General, Companies Division oversees the registration for other Seychelles companies.

3. Privacy – One of the reasons to establish a Seychelles offshore company is the privacy it can provide. The shareholders and directors of a Seychelles IBC for instance are not in the publicrecord..

4. Protection – A properly licensed and reputable Seychelles offshore company formation service provider some corporate services providers can provide professional directors and nominee shareholders. There is no need to write reports publicly disclosing annual company returns and you do not have to file accounts. This way, you can protect your assets further, while keeping your company’s financial matters private. Likewise, it reduces your expenses in the long run, as you do not have to hire additional employees to deal with those matters. The company formation service provider can help you set up an offshore bank account in Seychelles or in another jurisdiction if preferred to protect your assets and earnings, too.

5. No stamp duty or taxes –for a Seychelles IBC, no taxes are applicable in Seychelles on income, gains, distributions to shareholders or when transferring or selling shares.

About the Company:

Sterling is a leading licensed and regulated corporate, trust, fiduciary and fund services provider delivering specialised solutions for a global clientele of international corporations, institutional investors, high net worth individuals and families as well as their intermediaries. Whether an end user of our services or an intermediary, Sterling provides an efficient, personalized approach to ensure smooth, efficient delivery of services that meets the requirements of each client.

Sterling is a leading licensed and regulated corporate, trust, fiduciary and fund services provider delivering specialised solutions for a global clientele of international corporations.