{"id":7935,"date":"2024-03-14T14:53:09","date_gmt":"2024-03-14T12:53:09","guid":{"rendered":"https:\/\/gls-law.company\/?page_id=7935"},"modified":"2024-09-24T10:59:45","modified_gmt":"2024-09-24T07:59:45","slug":"opening-a-company-in-the-seychelles","status":"publish","type":"page","link":"https:\/\/gls-law.company\/en\/opening-a-company-in-the-seychelles\/","title":{"rendered":"Opening a company in the Seychelles"},"content":{"rendered":"\t\t
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\n\t\t\t\t\t\tOpening of a company in Seychelles\t\t\t\t\t<\/h1>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\tServices for opening a company in Seychelles\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\n\t\t\t\t\t\tLeave a request\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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GLS Law Company Services: Company Registration in Seychelles<\/h2>\nFor many years, offshore jurisdictions have been popular due to minimal taxation or its absence. Nowadays, the influence of regulatory bodies and the intensification of the fight against money laundering have led many offshores to introduce corporate taxes, financial reporting, and to disclose information about company owners. However, some jurisdictions still maintain their offshore status and offer numerous corporate benefits to business owners. Seychelles is one of these jurisdictions.\n

Why is Seychelles Beneficial for Company Registration?<\/h2>\nThe Seychelles Islands strive to maintain favorable conditions for potential investors, despite pressure from international organizations and bodies. Therefore, the following advantages of Seychelles can be highlighted when registering a company:\n
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  • If the company does not conduct activities within the country, including licensed activities, it is classified as non-resident and is completely exempt from taxation;<\/li>\n \t
  • Public access does not include information about shareholders and directors, only the name, address, and capital amount;<\/li>\n \t
  • Seychelles legislation does not contain strict rules regarding economic presence (substance) in the country;<\/li>\n \t
  • Companies in Seychelles are virtually not obliged to prepare and submit financial reports, but each company must maintain accounting records for 7 years;<\/li>\n \t
  • The legislation of the islands provides several organizational and legal forms of companies, allowing flexibility in choosing the one that meets the objectives of the planned activities.<\/li>\n<\/ul>\n

    Company Registration in Seychelles – Business Forms<\/h2>\nIn most cases, company registration in Seychelles is carried out in the form of offshore IBCs (International Business Company). Such an organization allows taking advantage of all the tax and corporate benefits of the jurisdiction, namely:\n
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    • Exemption from all corporate and other taxes (VAT, dividend tax) provided that the company does not conduct activities on the islands. For this tax benefit, many want to open an offshore in Seychelles, but at the same time, the range of company activities is limited, as it cannot engage in financial and other licensed activities.<\/li>\n \t
    • The structure of a company in Seychelles is quite simple – a minimum of one shareholder is required, who can also hold the position of director.<\/li>\n \t
    • Opening a company in Seychelles does not require a minimum share capital, and the founder can form it according to the needs of their business.<\/li>\n \t
    • Subsequently, the registration of companies in Seychelles does not lead to complex obligations for accounting and financial reporting, audit, but if the annual turnover exceeds the amount of three and a half million dollars, it is necessary to prepare and maintain a financial balance annually.<\/li>\n<\/ul>\n

      Opening a Company in Seychelles – Tax Obligations<\/h2>\nAs described above, offshore companies are exempt from tax obligations if they do not violate the requirements regarding territory and type of activity. At the same time, local companies pay corporate tax on a progressive scale of 25% and 33%. Passive incomes, such as dividends, royalties, interests are subject to taxation at 15%. Also, Seychelles has a value-added tax with a standard rate of 15%, and preferential rates of 10% and 7%, respectively. Given the relatively high obligations for tax payment, each offshore company owner needs to strictly adhere to all restrictions to not lose the status of a non-resident company in Seychelles.\nIt’s important to note that due to the tightening of international business regulations, jurisdictions like Seychelles are under special pressure due to their offshore status. Despite this, the islands try to maintain many advantages for foreign entrepreneurs and do not toughen laws for non-resident companies. Although some rules were indeed introduced under the influence of international organizations, they have not significantly changed the specifics of offshore companies so far.\n\nRegistering a company in Seychelles can be efficiently handled with the help of the professional team at GLS Law Company.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

      Opening of a company in Seychelles Services for opening a company in Seychelles Leave a request GLS Law Company Services: Company Registration in Seychelles For many years, offshore jurisdictions have been popular due to minimal taxation or its absence. Nowadays, the influence of regulatory bodies and the intensification of the fight against money laundering have […]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"class_list":["post-7935","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/gls-law.company\/en\/wp-json\/wp\/v2\/pages\/7935","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gls-law.company\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/gls-law.company\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/gls-law.company\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/gls-law.company\/en\/wp-json\/wp\/v2\/comments?post=7935"}],"version-history":[{"count":4,"href":"https:\/\/gls-law.company\/en\/wp-json\/wp\/v2\/pages\/7935\/revisions"}],"predecessor-version":[{"id":7940,"href":"https:\/\/gls-law.company\/en\/wp-json\/wp\/v2\/pages\/7935\/revisions\/7940"}],"wp:attachment":[{"href":"https:\/\/gls-law.company\/en\/wp-json\/wp\/v2\/media?parent=7935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}