Forming a Company in the Seychelles

A Seychelles business formation is a very appealing solution for international tax planning. Healy Consultants ensures that forming a company in the Seychelles is smooth and logical, thanks to our professional approach and qualified staff on the ground in the Seychelles. Many of our clients have found starting a business in the Seychelles hassle-free with Healy Consultants. The following information provides an overview of the important legal and regulatory aspects of forming a company in the Seychelles, as well as some of our services related to starting a business in the Seychelles:

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By forming a company in the Seychelles, you may be perceived by your clients, suppliers and potential venture capitalists as setting up a tax avoidance vehicle in an offshore tax haven. However, a Seychelles CSL company, which is liable to pay tax and which is considered tax-resident in the Seychelles, projects a more positive image for some entrepreneurs starting a business in the Seychelles. The CSL company is subject to 1.5% tax on its global income, though it is not liable to withholding taxes on dividends, interest or royalties or stamp duties on property or share transfers.

Forming a company in the Seychelles is popular, with more than 20,000 International Business Companies (IBCs) incorporated in the islands to date.

Seychelles business formation is, if properly engineered, a legitimate way of conduct international business free of tax.

100% of the company can be owned by international investors starting a business in the Seychelles.

To complete a Seychelles business formation, there are no minimum capital requirements.

Investors forming a company in the Seychelles to conduct international trade will not be liable to pay tax. However, if starting a business in the Seychelles to conduct business in the country, corporation tax is payable. Note that a Seychelles IBC cannot conduct any activities in the Seychelles, nor may it own real estate in the country.

Following Seychelles business formation, an IBC is unable to take advantage of double taxation agreements the Seychelles has signed with other countries. On the other hand, investors starting a business in the Seychelles using a CSL company can benefit from the double taxation treaties the Seychelles has signed with several countries around the world, including China, Indonesia, Malaysia and Thailand.

When starting a business in the Seychelles using a Seychelles IBC, a minimum of one director and one shareholder is required. Corporate directors are permitted. When forming a company in the Seychelles with a Seychelles CSL, a minimum of two directors are required. Corporate directors are not permitted.

Clients forming a company in the Seychelles should note, the beneficial owners of the CSL are identified to the Seychelles International Business Authority during the application process. There is also a register of shareholders and directors to be kept with the company’s agent in the Seychelles.

No annual audits or annual returns are required following Seychelles business formation. After starting an IBC in the Seychelles, accounting records must be kept for 7 years.

Forming a company in the Seychelles is straightforward with Healy Consultants. Our professional, transparent and logical approach ensures that Seychelles business formation is as smooth as possible. Typically, forming a company in the Seychelles evolves as follows:

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Prior to Seychelles business formation, our client settles our fees and signs Healy Consultants' engagement letter.

Healy Consultants provides our client with a detailed Seychelles business formation plan, outlining a roadmap for the upcoming engagement.

Healy Consultants legally completes Seychelles business formation with the correct corporate structure.

Following business setup in the Seychelles, Healy Consultants opens a local or international corporate bank account for our client, which includes world-class multi-currency Internet banking facilities. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services.

Healy Consultants assists our client with business website building, search engine advertising, as well as stationery and logo design to support Seychelles business formation.

If required, Healy Consultants provides our client with a local business address in the Seychelles for invoicing purposes, together with telephone, fax and email, after forming a company in the Seychelles.

After starting a business in the Seychelles, some clients request Healy Consultants' assistance with obtaining corporate finance, trade finance and to open merchant accounts, if required.

Healy Consultants may also assist our client to locate business premises and recruit local staff after forming a company in the Seychelles.

After forming a company in the Seychelles, we can offer human resource support, including assistance obtaining employment visas, staff recruitment, payroll support and providing a local business address in the Seychelles for invoicing purposes, together with telephone, fax and email support.

Following business start up, Healy Consultants can provide Accounting and taxation support, such as help with minimising withholding tax, preparing tax returns and financial statements, payroll and investments.

Healy Consultants offers a range of IT Support services for clients starting a business in the Seychelles, including hardware purchase and configuration, office network configuration, business website design and maintenance and server maintenance.

Healy Consultants consulting services include merger and acquisition advice, assistance with business due diligence, internal audit support and business process re-engineering to support clients starting a business in the Seychelles.

One of our niche services offered following Seychelles business formation is marketing services such as business website design and maintenance, search engine advertising campaigns, designing stationery and logos, conducting market research and coordinating advertising campaigns.

Following Seychelles business formation, Healy Consultants e-mails an Engagement Feedback Survey to our client.

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