Seychelles

Seychelles is a group of islands in the Indian Ocean, most of which are situated 4 and 5 degrees south of the equator. It is an Independent Republic within the British Commonwealth and maintains a long tradition of political stability and democracy. Seychelles has quickly expanded its offshore financial services industry.

In 1994, Seychelles enacted the legislation affording to develop the offshore financial services industry: International Business Companies Act 1994, laws regulating offshore trusts, offshore banking, offshore insurance, international shipping and aircraft registration. In 1997, they adopted legislation providing for Seychelles mutual funds.

Seychelles extends highly favourable tax policies and free trade zone laws encouraging inward investment. Further steps for offshore industry development include the enactment of new laws providing for low tax holding companies, which will benefit from double taxation avoidance agreements and zero tax limited liability partnerships.

Further Advantages of to incorporate in Seychelles:

• A Seychelles' IBC pays no taxes in Seychelles other than the Government License fee.
• Annual reporting (accounting, auditing) is not required for Seychelles' IBC's.
• There are no minimum or maximum capital requirements.
• Shares can be issued with or without par value.
• Seychelles' IBC's may engage in any lawful business in any country and may carry on transactions in their currency of choice.
• Only one shareholder and one director is required. Their particulars do not appear on public record.
• Shareholders, directors and officers need not be resident in the Seychelles and there is no stipulation as to their nationality.
• Directors and/or officers can be either corporate entities or natural persons.
• There is no foreign exchange control.
• Incorporation procedures are timely and there is a simple ongoing administration.
• Shareholders and directors meetings need not be held in the Seychelles, can be held by telephone, and may attended by proxy.

Please contact us info@emetoffshore.com to learn more about incorporation in Seychelles. Emet Offshore Consultants have extensive experience with this offshore jurisdiction and can provide an ideal structure in a timely and cost effective manner.