Malaysia Hotline: +603-2141 8908
Seychelles
Island is an archipelago country located in the Indian Ocean in eastern Africa.
Seychelles declared its independence on June 29, 1976, and established the
Republic of Seychelles, a member of the Commonwealth.
The
Seychelles International Business Department introduces a set of progressive
laws that promote the establishment of overseas companies and other
institutions to encourage investment. The International Business Companies Act
of 1994 is the main company law governing international commercial companies.
It provides international companies with corporate profits and capital
appreciation from the Seychelles national tax treatment.
This
law is a comprehensive and simple company law in all aspects of company
registration, supervision, operation and taxation. It requires the company to
disclose very little information which making the legal procedures for
registering offshore companies in Seychelles very convenient.
Seychelles
offshore companies fall into two main categories: International Business
Companies (IBC) and Special License Companies (CSL), of which the International
Business Corporation (IBC) is the most common.
1. The advantages of Seychelles offshore
company
· Seychelles International Business Company (IBC)
does not need to pay any taxes. This is clearly defined in the Seychelles
International Business Companies Act. 109. (1) a company incorporated under
this Act or its shareholders shall not pay any taxes or duties on the income or
profits of the company or any transaction relating to the company or its
shareholders.
· The government provides privacy protection for
all companies, and the directors and shareholder information are kept strictly
confidential. Good confidentiality is one of the main features of the
Seychelles company, which is mainly due to the following points:
a) Seychelles company public records mainly have
company charters and organizational outlines, and this does not contain any
information of shareholders;
b)
Seychelles is an independent country that does
not need to disclose information with any country, while other island countries
are generally British territories and affiliated;
c) The main income of Seychelles is tourism and
offshore registration. The Seychelles government avoids the sharing of
information and exchanges in the name of financial assistance in order to
maintain the competitiveness of offshore registration.
· Can apply
for Chinese company name
The Seychelles Act allows foreign companies to use Chinese
names (or other foreign names) in addition to English names on company
licenses, which is quite convenient for other language users;
· No limitation
on capital
In the past, Seychelles had a capital limit and a threshold of
USD 100,000. It has been lifted and the amount of capital is completely
unlimited;
· Free
choice of meeting place
Shareholders and board meetings can be held in any country in
the world and can be delegated or used by any means of communication (e.g.:
telephone, fax, etc.);
· Renewal
procedure is simple
Maintaining the Seychelles Company is fairly easy, and there
is no need to present annual reports and audit reports, as long as the annual
maintenance fee is paid.
· Convenience
of shares transfer
Seychelles Company shares are not subject to any restrictions
and it does not require stamp duty.
· Wide
range of business scopes
The scope of the business mentioned in the company's
memorandum is extremely broad and covers almost all of the client's
business-oriented scope.
· Bank
account opening is easy
Seychelles has no foreign exchange controls and can open
offshore accounts in China, Malaysia, Singapore and other parts of the world.
2. Procedures of the Seychelles offshore
company registration
· Provide
information:
A copy of the ID card or passport and proof of address, such
as a utility bill; determine the company name, registered capital, shareholders
candidate and the proportion of shares;
· Confirmation
of cooperation:
Signed an entrustment agreement with Tannet;
· Make
Payment:
Make payment of Seychelles offshore company registration fees;
· Company
name search:
Submit 2-3 names and complete the search within 2 working
days;
· Document
submission:
Courier the legal documents to Seychelles authorities for
processing. We can complete the company registration within 14-21 working days
(our company is based on the receipt of the payment as the starting calculation
date).
· Certificate
verification:
Government approval process: approximately 7-14 working days
to complete the approval process;
· Green box (registration completed):
Customer pick it up from Tannet or courier it to the customer’s
location.
As
one of the most popular offshore company registration sites, Seychelles does
have many benefits that many companies do not have. Based on these core
benefits, many companies have registered offshore companies here to achieve the
goal of deregulation, reasonable tax avoidance, and increased company revenue.
There is also a key point. Registering offshore companies such as Seychelles,
Cayman, and BVI is not expensive and easy to operate for companies. So, that’s
why many companies choose to set up offshore companies in Seychelles.
Tannet
Malaysia is the world's leading company registration agency with a good service
model. We have 20 years of experience in offshore company registration,
covering the world's major offshore and onshore jurisdictions in the United
States, the United Kingdom, the British Virgin Islands, China, the Cayman
Islands, Malta, Hong Kong, Malaysia, Singapore and more.
For
more details, please feel free to call the Tannet Service Hotline at 603-2141
8908 or email us mytannet@gmail.com, Malaysia Company Address: Unit 6.06, Level
6, Amoda 22, Jalan Imbi 55100 Kuala Lumpur.