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Nominee Director Included Nominee Shareholder Included Secretary Included
Incorporation time: 1 day
Shelf companies: Yes
Nominee Shareholder: Yes
Nominee director: Yes
The Republic of Seychelles consists of 155 islands, with a main island called Mahé. The Republic is located in the Indian Ocean, near Africa. A British colony since 1814, the country became independent in 1976 but remains a member of the Commonwealth. The main economic strengths of Seychelles are tuna fishing and tourism.
The Seychelles is a popular offshore centre although it remains a problematic location for doing business in Europe. Offshore activity is regulated by the Seychelles International Business Authority and must comply with the International Business Companies Act and Seychelles’s Company Law.
The Seychelles has six major banks as well as credit agents and foreign exchange providers. Only two of these banks hold a licence to service offshore companies.
Vessel registration is regulated by the Merchant Shipping Act.
There are three types of offshore companies:
Seychelles is recommended as an offshore location for clients based in, or trading with, Asia, India and Africa but is not recommend for European clients or clients trading in Europe. It can be problematic to invoice between Seychelles and European companies and many tax authorities apply a withholding tax of at least 30% to payments to Seychelles. It is therefore possible that in event of a tax investigation European clients could be penalized and for this reason most European companies prefer not to deal with this territory.
It takes usually around five days to form a company in Seychelles and many providers are able to facilitate the incorporation process. The different types of entities include: limited and unlimited companies, International Business Companies (IBCs), Trusts, CSLs, Limited Partnerships and Foundations.