The Republic of
Seychelles is one of the most popular jurisdictions for investors and
businesses looking to establish offshore companies because it offers many
advantages. It costs just a few hundred dollars to register a company here. The
laws and entities available are also designed to help facilitate investment and
foreign market entry without being overly burdensome.For example, the
government does not require some types of companies to prepare and publicly file
financial statements. In those cases, the directors must simply keep accounting
records such as invoices, bank
statements, contracts, and receipts for material transactions but are not necessarily
required to prepare financial statements.
Privacy—which
is increasingly becoming scarce in the western world—is still available in
Seychelles. You don’t have to worry about the government tracking your every
financial move. Seychelles is a 100% independent democratic republic and while
committed to adhering to international standards it has much more freedom than
jurisdictions under the EU umbrella for instance.
There is no
overcrowding of the company register yet; in fact, only
around 160,000 international business companies are currently registered in
Seychelles (compared to well over one million in the British Virgin Islands).
Clearly, a lot of great names are still available.
Seychelles
remains on the OECD white list and continues to be a compliant jurisdiction. It
has passed Phase 1 of the Global Forum Peer Review and is expected to pass
Phase 2 as well by end of 2015. Seychelles has also successfully fended off any
“ring fencing” arguments to date which is one of the typical methods of attack
by international bodies. All the advantages given to Seychelles International
business companies are also enjoyed by companies owned by Seychelles residents(including
tax exemptions). Seychelles has aterritorial tax system,which means only income
generated from a source within Seychelles is taxed, anyway.
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