PRESENTATION
The Seychelles are an archipelago made up of 115 islands located in the Indian Ocean (north ofMadagascar) whose economy is mainly based on tourism and the finance and banking sectorsinternational.
This offshore destination offers many advantages to foreign investors by enjoying a tax systemsimplified and flexible.
Since the implementation of the SIBA (International Authority in charge of Foreign Trade Laws),numerous measures have been put in place with the aim of promoting the creation of structuresforeigners on the territory.
SOCIETY CREATION
The type of company most frequently used in the Seychelles is the International Business Company (IBC),due to the great flexibility and confidentiality it offers to directors / managers and shareholders.
• There are no limitations regarding the number of shareholders, their residence or their nationality. Asingle shareholder can be enough. However, it is necessary to have at least one director.
• There is no minimum capital requirement nor is it mandatory to "lock" it in a bank account.
• The companies are adapted to all types of legal activity and activities can be carried outrelated to finance, online games, banking or insurance after obtaining the corresponding license.
A company can carry out several activities.
• The activity of the company must be carried out abroad.
• Companies can be managed from another country. For example, all official meetings ofshareholders and managers can be held abroad.
TAXATION
• A company created in the Seychelles does not pay taxes or fees on profits or income.dividends or capital gains obtained. You simply have to pay a fixed annual fee of a few hundredof euros.
• In the same way, companies are not obliged to keep the accounting or to present theAnnual statement. However, the 1994 IBC Act requires companies tokeep, in case they were requested, all the documents necessary for themaintenance of accounting, such as: receipts, invoices, etc.
• There is no right of succession on the transfer of shares in the event ofdeath of one of the shareholders of a non-resident company.
• Discretion: Shareholders and / or directors who create a company are not registered in the local registry.The Seychelles apply bank secrecy and offer full confidentiality and legal security.