Company formation in the Seychelles: the Seychelles has established itself as a popular place to set-up an offshore company, and there are many advantages to this jurisdiction as a tax-free company incorporation base. It is relatively new to both banking and financial services internationally. This means that pricing for a company formation in Seychelles is competitive and legislation is both modern and favourable. Why register a limited company in Seychelles? The most widely accepted reason for forming a company in Seychelles is for the tax saving purposes. However, this is not the only main reason.
NEXT YEAR FROM US$465.00
This offshore IBC company formation in Seychelles package is exclusively for customers, who are requiring register an offshore company in Seychelles with a prestige legal address in Victoria City & registered agent for one year.
The following items are included into this Seychelles company formation offer:
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This company formation in Seychelles package is especially for clients, who are requiring forming a company in Seychelles with a registered address, registered agent & a nominee director; bank account upon request.
This Seychelles company formation offer includes everything in the first option, together with the advantages of:
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This is one of the most popular company formation in Seychelles packages with nominee shareholder, as an additional option to the nominee director, registered agent & registered office address in Seychelles.
This Seychelles company formation offer includes everything in the second option, plus the following:
NEXT YEAR FROM US$1,180
This is our most comprehensive company formation in Seychelles package with all documents verified by solicitor or notary public & certified by the apostilled stamp or apostille seal affixed.
This company formation in Seychelles offer includes everything in the third option, plus:
There is little confidentiality among incorporated British companies, this situation has become more pressing with the announcement that everybody exercising significant control or influence over a UK company must have their personal details registered with that company. These details must then be passed on to Companies House.
Other reasons for the formation of a Seychelles offshore company include the issues around administrative requirements which are much simpler overseas. It is also easier to protect your assets in an overseas company, both for the present owners and beneficiaries and for future generations. Business incorporation costs are also reduced, with lower capital required to start a company and lower costs of both setting up and maintaining that low-tax company.
Why choose the Seychelles to register a company there? It is both quick and simple to form a company in Seychelles and can take just one business day. In addition to the low registration costs of set up and maintenance, there is no requirement to make a share capital deposit. In terms of tax, there is no requirement to pay duty or tax in any form on either income or profits. You are also exempt from filing annual returns, accounting, reporting and providing audited statements.
In terms of confidentiality, there is no publicly accessible register of directors, beneficial owners or shareholders in the country. Your privacy, anonymity and confidentiality are in fact protected by the law of the Seychelles.
Register a company in Seychelles: there is additional comfort in the fact that the Seychelles remains a Commonwealth member since gaining independence from England in 1976. Therefore, all financial services legislation is based on English Law. There are so many advantages of forming a company in the Seychelles that it is arguably a no-brainer for anybody registering starting a company at present.
Company formation in the Seychelles: our experienced team at Coddan specialise in helping clients with all types of company formation in the Seychelles, including trusts, offshore companies, private foundations, and other entities. There are many tax and other advantages to registering your limited company in the Seychelles, but to ensure you are able to enjoy all the benefits, it's important to get all the paperwork right, and comply with the legal incorporation requirements from the outset.
We provide a fast and efficient business formation solution to what can often appear a complex and daunting process. Everything can be done online, although we're more than happy to discuss your requirements with you in person, by phone or via an e-mail. To find out more about our company formation services in the Seychelles, please contact Coddan today.
If you're thinking of registering an offshore company and considering the Seychelles, Coddan CPM can help you get set up and trading right away.
The Seychelles international business company is a tax-free corporation that is designed for all forms of international trade and investment. There are no real reporting requirements and you have to maintain minimal records, so the Seychelles offers a confidential way to make an offshore business with a requisite bank account.
Other Caribbean islands, many of which are or were British sovereign states, have stronger ties with the UK and are co-operating with the UK authority's requests to provide information. The Seychelles remains one of the few politically stable republics that has not entered into a tax information sharing treaty.
Shareholders and directors aren't registered publicly and there is certainly no register of beneficial owners. Ownership privacy, then, is almost guaranteed.
As well as providing anonymity and a welcoming place to do business, it's also cheap to incorporate in the Seychelles, it's fast and can be done within 24 hours and an IBC doesn't have to file annual returns. This means the costs can actually be less than running a UK limited company when accounting is taken into account, and certainly when the Seychelles tax rate is considered.
There is no tax at all, just a small annual licence fee. No stamp duty is collected when you transfer or sell shares in a Seychelles IBC and this is set in stone with a government guarantee for 20 years from the IBC's incorporation.
The Seychelles might seem like an idyllic bunch of paradise islands that are only good for a holiday, but in actual fact they are a hotbed of international business and one of the best places in the world to register an offshore company. Coddan CPM can help you with the red tape.
There are 400,000 registered businesses on these islands, which makes it the second most popular place in the world behind Hong Kong to register an offshore company. The reasons why are simple.
Firstly there simply is no tax, a Seychelles international business company gets a written guarantee that there will be no taxes on income, no stamp duty on the transfer of shares and no levies imposed for the first 20 years of operation. There are also no annual reporting requirements. If you don't have to report the annual accounts, there's no way you can be required to pay anything.
Anonymity is also a huge factor in attracting business to the Seychelles, especially now the UK is demanding additional transparency and disclosure with the PSC Register. Nominee directors and nominee shareholders are allowed, there is no requirement to disclose directors' identities and complete anonymity can be assured with a privacy document. One international business company can even act as the director of another for two layers of privacy.
The Seychelles has not signed up to the tax information sharing treaty, either, and simply will not pass details of company owners to other governments.
Company formation costs are also low, which means the Seychelles is as competitive as any other locale in the world when it comes to set-up costs. Aside from an annual government fee there are no real maintenance costs and the Seychelles also offers political stability, a solid economy based on tourism and a stable banking system that means your funds should be protected.
There are plenty of jurisdictions where you can register an offshore company, so why would you choose the Seychelles? There are plenty of reasons and Coddan CPM can talk you through them.
Firstly, the Seychelles is a stable, economically viable territory. As Greece proved recently, this counts for something. Other territories like Belize might seem attractive, but the Seychelles has enjoyed a solid, democratic government for more than 30 years and that is an important factor when you think about the stability of the banks and other major issues.
The Seychelles also guarantees that they will not levy any tax, on profits or in the form of stamp duty on the sale of shares, for at least 20 years. With no real reporting requirements and the bare minimum of records, as well as total anonymity when you opt for a nominee director, there is simply no possibility of tracing the ownership of the company in any case. For those who consider privacy the main priority, it is possible to make one international business company the nominee director or shareholder of another.
As the Seychelles is not part of the British Empire and never was, it's a much better bet when it comes to privacy. The Seychelles has not signed up to the tax information sharing treaty, which means that HMRC simply should not find out about any activity in the Seychelles.
Of course, there are other benefits too, including low incorporation fees, low management fees and the convenience of a bank account, nominee directors and shareholders if you require them.
A growing number of entrepreneurs are discovering the benefits of registering a new company in the Seychelles. Not only does incorporation in an offshore location have a number of tax benefits, there are also significant advantages in terms of reporting arrangements, accountability, corporate structure and wealth protection.
Although initially the prospect of putting in place the necessary paperwork to ensure the correct legal procedures have been followed for your fresh venture can seem daunting, Coddan can provide the support and assistance you need at every stage of the process.
Experienced in offshore legalities: Coddan is a well-established company that specialises in offering technical expertise to business owners looking to incorporate their company overseas. We have a good understanding on what's needed for incorporation in the Seychelles and have helped many companies to achieve a successful offshore trading status.
Flexible corporate structure: Companies registered in the Seychelles may legally operate with only one shareholder and one director, who may be the same person. There are no requirements for an annual general meeting (AGM) and corporate business need not be conducted on the Seychelles.
These benefits are extremely useful to companies under foreign ownership or where the company may be part of a more complex corporate structure.
We can protect your privacy: if necessary, Coddan can provide suitable contact information and a valid postal address for any official communication. When you take advantage of our administrative services, we can also collate professionally produced annual reports and other desirable corporate documentation.
Once you have started up an offshore company in Seychelles, you will need to appoint at least one shareholder and one director to meet the statutory requirements. For company owners who do not wish to be listed as the director or shareholder, Coddan offer a nominee service, where the owner of the company can ask anybody to be appointed as company director.
If you wish to register a company with nominee director services, the nominee director will be listed on the official records, and will officially have control of the company. Coddan also provide a general power of attorney document, in case of any issues, that hands control over to the actual company owner.
To ensure correct procedures are carried out, they provide a nominee directorship agreement which sets out all of the details of the agreement, covering which person the nominee director is, and who the real owner of the company is. The Seychelles permit corporations, as well as individuals, to be the director of a company.
Coddan's plan for company incorporation using a nominee shareholder lets clients establish a nominee shareholder by simply filling out their details in an online form. Coddan completes the rest of the information and paperwork, and when the process is complete, you receive all of the official documents.
To provide extra security and reassurance, Coddan provide nominee shareholders agreements, which state the the nominee does not legally own the company shares, and therefore cannot sell them or make a profit from them.
The yearly annual requirements for a Seychelles international business company are so minor that they barely rank as administration at all. Once the set-up is done, which can take as little as two days, this is one of those offshore businesses that can virtually run itself. So if you need help setting up, Coddan CPM can have you trading tax free within days.
Apart from a yearly licence fee of US$100 and the necessity to retain a local agent, there are almost no requirements. Technically you should maintain records of income and expenses, as well as assets and liabilities, but as there is no actual requirement to file accounts or annual audits with anyone.
The yearly requirements, then, are more lip service to a legal system rather than any actual concrete effort. As long as the IBC does not carry out active business within the Seychelles and remains an offshore entity, and as long as the government and agent fee is paid up, then you simply do not have to do anything else.
There is also absolute privacy. An international business company can be set up with a second international business company as the main shareholder, or even a Seychelles private trust. On top of that, there is no need to add your details to a public register and there are no disclosure requirements, as is the case in the UK and most other jurisdictions.
With no corporate tax, no double taxation treaty access and no tax information sharing Treaty participation, the Seychelles is a closed shop, and that is one of the main reasons why more than 400,000 offshore businesses are registered in this collection of paradise islands.
Once your company is up and running, finding the time to keep on top of the administrative side of the business, as well as managing trading and operational matters, can be a challenge. If you need an experienced, competent organisation to undertake all the necessary paperwork to satisfy post-formation reporting requirements in the Seychelles, we are ideally placed to help.
Coddan specialises in helping entrepreneurs set up and run offshore ventures of several different types. Our experienced team can provide the services you need to maximise the chances of sustainable business success.
Registered agent in Seychelles: if required, we can act as the registered agent for your company whilst it is operating in the Seychelles. This status would mean that outside parties would use our contact details to get in touch and we would provide appropriate responses to their queries.
Privacy assured: on the Seychelles, there is no requirement for a company to disclose the names and contact details for its shareholders, directors or owner, as long as the registered agent is aware of them. This helps to protect the anonymity of business owners that want their financial affairs to be hidden from the prying eyes of their competitors or who simply want to conduct their affairs discreetly.
Financial reporting, annual reports: Coddan can provide accounting and administrative services for your business, producing appropriate reports and financial information that can be distributed as you wish. If necessary, we can also assist with payroll work and provide a point of contact for queries and requests for information.
The formation of an offshore company makes it subject to the legislation of the location where it is formed. The Seychelles is a member of the Commonwealth that has recently started diversifying into international financial services. Having been a British colony up until 1976, its legislation is not dissimilar from that in the UK.
Its government is stable, its legislation modern and favourable. By forming a company in the Seychelles, you become exempt from paying tax in the UK. You are also entitled to anonymity of shareholders and a low rate of business tax.
Why choose Coddan? Our extensive knowledge of the legislature of the Seychelles puts us in an ideal position to assist and advise you with the formation and running of your company.
In addition to this, we understand that offshore companies can be the right choice for a variety of businesses from large, multi-million corporations to regular SMEs who understand the benefits of registering abroad. That’s why we offer a range of options and prices that you can select depending on your needs.
Formation only option: for just £380 you can form a company in the Seychelles with an incorporation certificate and articles of association. Your company will have a legal address in the prestigious Victoria City. You will also receive bound copies of both the minutes of the first meeting and the memorandum. Your share certificates will be provided elegantly printed.
Nominee director: for £650 you will receive the company formation package but you will also be entitled to a nominee director. You will have a signed power of attorney, signed but undated resignation letter from your nominee director and a bank account if you request it.
Nominee shareholder, registered agent and registered office address: in addition to everything included in the first two packages, for £845 you will also receive the service of a nominee shareholder for a year. There will also be a declaration of trust signed by that nominee shareholder and confirmation certificate from the beneficial owner.