The Seychelles is a group of islands in the Indian Ocean that comprises over one hundred named islands. The largest island is Mahé.
The Seychelles is one of the world's most dynamic and fastest growing offshore jurisdictions offering clients a tax-efficient base for their operations.
The International Business Companies Act, 2016, governs the operations of offshore companies. The registration process in Seychelles is straightforward.
• Incorporation, management and administration of Seychelles IBC companies and Seychelles CSL companies (Zero tax IBCs incorporated within 24 hours)
• Company secretarial services
• Provision of professional directors and nominee shareholders
• Registered office services
• Seychelles trust formation & trustee services
• Seychelles yacht and ship registration
Seychelles International Business Companies are useful alternatives to offshore companies established in jurisdictions such as the British Virgin Islands.
In December 1994 the Seychelles enacted legislation enabling the registration of International Business Companies, International Trusts and the licensing of International (free) Trade Zone Companies. More recent legislation covers the licensing of offshore banks, offshore Insurance, mutual funds activities and the regulating of a securities industry. The new laws were a result of intensive studies of long established offshore jurisdictions and world-wide trust legislation.
Although not dissimilar to those of the well-established offshore jurisdictions such as the Cayman, the laws take a most comprehensive, modern and attractive approach to the establishment and operation of offshore companies, mutual funds, offshore banking, offshore insurance and freeport activities.
Seychelles is one of the fastest IBC registrar in the world. The International Business Companies Act, 1994, governs the operations of offshore companies. The registration process in Seychelles is straightforward.
The Special License Company is a low-tax company (as opposed to a zero-tax company, like IBC). A CSL is also able to access and use the growing number of double tax avoidance treaties concluded by Seychelles. A CSL is formally considered tax-resident in Seychelles, which in turn allows for easier conduct of its business abroad.
Seychelles International Trusts are commonly used in conjunction with the Seychelles International Business Companies. By using a trust to hold shares in the IBC, an additional layer of legal protection is provided for the owner. Moreover, this can enable beneficiaries to defer or avoid any possible tax on the profits of the IBC for an indefinite period.