Seychelles

Seychelles, located in the Indian Ocean, boasts a unique geographical position, abundant natural resources, and diverse economic opportunities. It is renowned for its tourism industry, fisheries, and international commerce, offering a favorable regulatory environment and tax system that attract international businesses. With political stability and a strong legal framework, Seychelles is an ideal destination for establishing international ventures.

Company Name

The company name should end with terms such as "LIMITED," "CORPORATION," "INCORPORATED," or their abbreviations.

Registered Capital

The usual registered capital is USD 1,000,000, but capital verification is not required.

Company Directors

The company can have one or more directors, and there are no restrictions on their legal status, nationality, or the number of shareholders.

Board Meetings

There are no restrictions on the location of director meetings, and proxy attendance is allowed.

Company Secretary

It is not mandatory to appoint a company secretary, and registered agents can assist in liaising with Seychelles government authorities for company-related matters.

Company Taxation

You can apply for a tax identification number, but there is no tax obligation if the company does not operate locally.

Company Seal

Information about company directors and shareholders is not subject to public scrutiny but must be kept on record at the Registrar's office.

Financial Reporting

There is no requirement to submit annual financial and audit reports, although Seychelles government authorities have conducted occasional audits in recent years. It is advisable to prepare periodic records for audit purposes.

Income Tax	None
Value Added Tax (VAT)	15%
Communication Tax	For certain international financial services companies in Seychelles, there may be a special tax called "Communication Tax" that needs to be paid.
Seychelles has signed several double taxation agreements to prevent investors from being taxed twice in two different countries.

Tax Incentives

Seychelles offers tax incentives for international businesses, including no capital gains tax, no inheritance tax, no value-added tax, and relatively low corporate income tax rates.

Confidentiality

Seychelles' legal framework allows shareholders and directors of companies to maintain the privacy of their identities without the need for public disclosure, thereby protecting investors' privacy.

Quick Registration

Registering a company in Seychelles is relatively swift, typically taking only a few working days, with a relatively straightforward setup process.

Low Capital Requirements

Seychelles does not impose high minimum capital requirements for offshore company formation, making it easier for entrepreneurs and investors to establish businesses.

Financial Records and Audit Requirements

公Companies are not required to submit financial accounts and audit reports to authorities, but they must maintain accounting records and relevant documents within the jurisdiction.

Multiple Currency Options

Businesses can engage in legitimate commercial activities and transactions using any form of currency.

Required Documents for Company Registration and Bank Account Application in Seychelles

Company Documents

Company registration certificate、Articles of Association (AOA)、Memorandum of Association (MOA)、Shareholder register

Valid Identification

Valid passports or national identification cards for directors and shareholders.

Proof of Address

Proof of residential address for directors and shareholders, typically in the form of utility bills or bank statements from the last three months.

Business Plan

A comprehensive document outlining the company's business plan and operational details.

Bank Reference Letters

Bank reference letters may be required from your current or previous banks.

Company Profile

An overview of the company's background and operations.

Company Registration Fees

Typically, there is a requirement to pay certain registration and processing fees.

In conclusion, Seychelles offers excellent tax regimes and a variety of company options for foreign investors. However, it is crucial to carefully consider the regulatory requirements for each option to ensure the prosperity of your business in this market full of opportunities. If you require more information about setting up a company in Seychelles, please feel free to consult the Neil Professional Advisory Team. We will provide you with detailed guidance and support.