The Republic of Seychelles is an island nation situated on 115 Islands in the Indian Ocean.
Status – The democratic republic of Seychelles got the independence from the United Kingdom in 1976 and currently is a member of the Commonwealth of Nations and the United Nations.
Capital – Victoria
Official languages – English, French, Seychellois Creole
Currency – Seychellois rupee (SCR)
Taxation – Seychelles International Business Company (IBC) is completely exempt from all forms of local taxation including stamp duty. Instead, they are required to pay only the annual license fee, the amount of which depends primarily on the size of the authorized capital of the company.
Advantages of setting up a company in Seychelles.
Stable jurisdiction, excellent reputation, and guarantee the privacy of clients has enabled Seychelles to become one of the most popular classic offshore. To date, Seychelles has registered about 90,000 companies, and this number is constantly growing, turning the Republic into a full-fledged international financial centre.
Other advantages of setting up a company in Seychelles: solid banking secrecy, considered one of the best jurisdictions for protecting the privacy of its foreign investors; no exchange controls; modern communication network; simple incorporation procedure; low company registration and maintenance costs; the fixed registration fee; no need to provide financial statements.
Seychelles jurisdiction is mostly chosen for the following aims: holding companies, international holding companies, international trading, asset protection.