Offshore Company Registration Agent's video: Offshore Seychelles Key Features To Help You Make The Right Choice

https://www.varaluae.com/offshore-company-formation-dubai/offshore-formation/offshore-seychelles Offshore Seychelles: Advantages, taxation, features, registered office, documentation and disadvantages A tax haven is a place where government taxes are levied at a low rate or not at all. E.g. Seychelles tax for an offshore company is zero. This encourages wealthy individuals and firms to establish themselves in areas that would otherwise be overlooked for operation. Please invest 2 minutes of your time to watch the offshore Seychelles video below. It spells out how you can benefit. Or if you prefer to read, then feel free to skip the video and go straight to the text below: Different established jurisdictions tend to be havens for different types of minimum taxes, and for different categories of people, financiers and companies. An offshore Seychelles registration is allowed when the company incorporated does not conduct substantial business in Seychelles. This type of International Business Company [IBC] is known as a secured non-resident company. Offshore Seychelles advantages: An offshore Seychelles company may bring a number of excellent trade benefits to individuals or companies incorporated under the Seychelles offshore laws. Taxation: Business may be structured so that profits are realized in ways that minimize their overall global tax liability Simplicity: Except for regulated businesses, such as banks or other financial institutions, an offshore Seychelles company is relatively simple to set up and maintain with few issues Reporting: The level of information and applications required by the registrar of companies varies from jurisdiction to jurisdiction Asset protection: It is possible to organize assets, currencies and transactions in such a way that assets are shielded from future liabilities for years to come Anonymity: By carrying out transactions in the name of a private company, the name of the underlying principal may be kept out of documentation to assure confidentiality Having said that, current anti-money laundering regulations often require banks and other professionals to look through company structures and interests. Documentation for offshore Seychelles is relatively uncomplicated Thin capitalization: Offshore Seychelles allows “thin capitalization” rules for its IBC companies (except for regulated entities such as banks and insurance companies) so that they can be incorporated with nominal equity terms Financial assistance: Offshore Seychelles are usually not prohibited from providing “financial assistance” for the acquisition of their own shares, which avoids the needs for a “whitewash” procedure in certain optional financial transactions Offshore Seychelles disadvantages: Offshore Seychelles companies are usually prohibited from conducting business in their jurisdiction nations of incorporation. They are not allowed to invest in property in Seychelles either. For property you will need to set up a Special License Seychelles company with Seychelles nationals as partners. For regulatory reasons, there are certain restrictions on the type of business which an offshore Seychelles company can engage in throughout the world For example, it is quite common for there to be general prohibitions against offshore companies engaging in banking business, insurance business or operating as a trust company. Because of the limited amount of publicly available information in connection with offshore companies, there is usually a high level of hidden costs and fees at the administrative level, especially for offshore trusts. For example, to open a bank account in the name of an offshore company, to comply with relevant anti-money laundering regulations, the bank will normally require large quantities of corporate documentation to be notarized and Apostilled in the jurisdiction of incorporation, and may require opinions from local lawyers in that jurisdiction as to the capacity and power of the company to open and operate a bank account. Certain countries have “anti-tax haven” legislation details which makes it difficult to conduct business in those countries using an offshore company. For example, capital market regulations in France prohibit using offshore companies as full bond issuing vehicles Where a shareholder of an offshore company dies, it is usually necessary to have the Will admitted to probate in Seychelles as well as other places (or, if intestate to have the letters of administration re-sealed in that jurisdiction), which can add to cost, delay and inconvenience in administering the deceased’s estate Features of offshore Seychelles Memorandum and articles of association or by-laws Certificate of incorporation Registration agent Registered office Members Directors Nominee directors Company Secretary Statutory Records Bookkeeping