What You Need To Know in Seychelles Company Formation

Seychelles is becoming the center for business activities especially for offshore companies. Therefore, if you are seeking a good and profitable place to set up your offshore company you should consider Seychelles. There are certain characteristics of Seychelles company formation that make it stand out from the rest and be a popular choice for many business owners.

The first thing that you need to know about Seychelles company formation is that they have very flexible rules that make it easy for any one who wants to set up a company in the country. There are no minimum or maximum capital requirements for start up of the business. Whatever capital you have, you can easily register your company and start running business as soon as possible. You can have your company registered in less than five days.

However, there are statutory charges for the capital used to start the business. If you have a capital of less than $5,000 you are to pay $100, if the capital amount is less than $50,000, you are to pay $200 and if it is higher than $50,000, then you need to pay $1,000 in fee charges.

Seychelles provides the business owners all the privacy they need. The owner’s names do not have to appear in any of the registry documents. What you require is a name of a subscriber for the business and an office to be in Seychelles. The address of the registered office and the subscribers names are to be filed in the registry.

In Seychelles company formation, you do not have to have more than one director as required by many other corporations. Indeed this is true and furthermore the director does not have to be a shareholder of the company.  Indeed Seychelles is the place to set up your offshore business.  It is the registrar’s office that is to take care of all the documents and paperwork requirements.

The official working language in is Seychelles is either English or French. However, since the rules are flexible, you are allowed to run your business in whatever language you choose as long as you provide translations in English or French.

You will need to give the name of the offshore company. This name should not be similar to that in an existing jurisdiction whether in your home country or in Seychelles. You are required to file the articles of association during the memorandum. The memorandum must show all the terms and conditions of the agreement.

In Seychelles company formation, the shareholders of the company formed can be from any nationality or originality. You are required to provide the information concerning the shareholders and the amount that each holds in the company. This is important for profit calculation and sharing.

The International Business Corporation (IBC) in Seychelles exempts the offshore companies from taxes. However, they are required to pay the charges and nominal fees for the company and all other registered office charges per annum on the day of the incorporation.

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