When it comes to the business world, the Seychelles are considered to be one of the world’s entrepreneurs’ most favorable locations for opening business and setting up their own companies because of the advantages the country offers. 

Setting up a company in Seychelles is one of the most profitable things you can do as a business organization. 

Apart from that, Seychelles’ business structure is also seamless enough to allow all kinds of businesses and companies to thrive in the country. Add to that the ease and quickness with which you can create a new company here, and you have an amazing chain of islands that is brim-full with countless business opportunities. 

Reasons to Register a Company in Seychelles

There are several reasons why you should consider starting your own business in Seychelles and why it might be just one of the most profitable ventures you do. These reasons are:

1. Fast Process

If there is a feature that Seychelles proudly boasts of, it is its ability to allow individuals and organizations to open a company in their land as quickly as possible. In fact, International Business Companies are one of the most common types of companies in this country, showing how much the international community loves investing in Seychelles. 

Most companies, especially IBCs, only take a few days to start and get running. The company incorporation time offered by Seychelles is matched only by a few countries in the world, such as New Zealand, for instance. What’s more is that despite being an independent African country, most of the transactions occur in English, which makes the whole process easy to understand. 

You don’t require to pay an up-front cost to set up your company, nor do you need to have par stock value which essentially means that you can set up a company of your own with as little financial resources as possible. 

2. Guaranteed Сonfidentiality

In some countries around the world, companies have zero to no privacy meaning all company information is public for the whole world to see due to public registers. This is not the case in Seychelles, as the law itself enforces your privacy. Aside from the basic identity information of the company’s original director, none of the other members of the company and its board are kept on public records. 

3. Minimal Taxes

While there are a lot of perks for opening a company in Seychelles, the primary factor why many business owners set up a company in this country is because of one single reason - tax benefits. The country has a territorial system when it comes to taxes, which basically implies that all your income outside the country’s boundaries is not subject to taxes. 

Other monetary gains such as capital gains, interest, and stamp duties are also free of all taxes. As long as you don’t earn any income within the country’s boundaries itself, you don’t need to worry about facing heavy taxes. However, the one caveat is that your business can’t own property in the country unless it belongs to the financial sector. 

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4. Modern Banking Facilities

When you set up a company in Seychelles, you can expect the support of the top largest banks not only in the country but in the entire African continent. These banks are highly secure and reputed for their financial services. If you wish to open a business in the country, it is mandatory that you first have a bank account available. 

You get multiple options with your account type, and you can choose whichever one you prefer better. Also, you don’t even need to visit the banks physically to open a bank account there - the entire process can be done online, and the bank account requires a minimum deposit to function. 

Seychelles Company Registration Process

If you are seeking to open your own IBC in Seychelles, the registration process to do is extremely simple:

-Register a name for your company that isn’t taken by another company in the Seychelles company register. 

-Prepare and notarize all the documents required to open a Seychelles IBC. 

-File your company’s memorandum and articles of association and all the other documents that are relevant for filing with the respective Authority. 

-Register your company’s tax records and filings with relevant authorities in Seychelles. 

-Apply for all the business licenses your company requires to function. 

As you can see, the process of opening up your company in Seychelles is extremely easy, and doing so can have multiple benefits for you. 

Other Structures

Besides IBC, the following structures can be chosen for incorporation:

-Limited partnerships which can be used for joint venture activities;

-Protected cell companies which are local companies used for asset protection purposes;

-Trusts which offer enhanced confidentiality and must be created by settlers who do not reside in Seychelles;

-Special license company

-Foundations which are legal entities used for offering financial services in Seychelles.

Foreign companies can also operate in Seychelles through branches and subsidiaries. The difference between these two types of structures is the liability of the parent company for the satellite business. If in the case of a branch, the IBC will assume total responsibility for the branch’s debts and obligations, in the case of the subsidiary, the Seychelles company will be an independent business entity.

At Mundo we have partnered with the experts in Seychelles that will be happy to assist those interested in setting up various kinds of structures in the country. 

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