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When it comes to company formation, setting up a Seychelles International Business Company (IBC) is a solution that offers significant financial benefits and fiscal perks.

As a foreign entrepreneur, opting for a Seychelles company registration place you under a specific tax regime. Seychelles IBCs that do not conduct business within the island nation are exempt from local corporate taxes, including capital gains and inheritance taxes. This zero-tax framework allows you to boost your profitability and cash flow. However, while the company may not be liable to pay taxes, please consult with a tax/legal advisor in your country of residence, to determine your own tax liability.

Seychelles has strict banking laws, providing businesses with a high level of financial privacy and the assurance that their bank account information is kept secure. In the digital age, being able to rely on well developed, qualitative banking solutions with flawless online accessibility is essential, which is another reason to favour the Seychelles Corporate Registry. The country’s legislation ensures that the names of company directors and shareholders are not accessible to the public, all while fulfilling international anti-money laundering (AML) obligations.

Seychelles offers limited liability company registration that allows business owners to enjoy strong asset protection features. Entrepreneurs can protect themselves from litigation and claims by transferring assets and businesses to a Seychelles-registered entity, even if they are the sole director and shareholder. This reduced liability feature is especially beneficial for smaller entities, often weighed down by the complexity of managerial obligations.

While this aspect is often overlooked, the geopolitical situation of a country should weigh in the balance when considering where to register your business. Where governments enjoy a politically stable environment, the commitment to maintaining business-friendly practices tends to be stronger. Seychelles is a great example of a geopolitically stable region, which translates into a level of assurance that can be difficult to quantify yet truly invaluable from a practical perspective. This is because such stability results in better security and reliability on the part of banks, insurance companies, and, of course, legislation.

Seychelles’ infrastructure and economic stability offer several advantages for foreign business owners, such as modern banking facilities, Internet banking, and no obligation to open your company’s bank account in person. The government also provides significant support for businesses, and local logistics, tax, and legal services tend to be relatively affordable.

Choosing the Seychelles as your jurisdiction for company formation offers a range of compelling benefits:

Supportive Tax Regime: Thanks to a zero-tax framework for IBCs that do not conduct business within its territory, Seychelles offers a supportive environment for foreign companies of all sizes. As a foreign entrepreneur, you will be exempt from local corporate, inheritance, and capital gains taxes.

Speedy, Efficient Registration Process: Being added to the Seychelles Corporate Registry is a quick and easy process. Your Seychelles company formation can be completed in as little as 48 hours.

Corporate Privacy: Few governments offer a level of corporate privacy as high as Seychelles maintains. The information of an IBC’s directors and shareholders are not on a public record.

Asset Protection: Seychelles IBCs enjoy strong asset protection features, granting business owners an additional safeguard against litigation and claims.

Flexible Operational Conditions: The Seychelles IBC Limited Liability Company model allows a single individual to serve as the company’s sole director and shareholder, thus reducing liability and the complexity of managerial tasks.

Modern, Stable Banking System: In addition to Seychelles’ favorable tax regime, the country’s banks have access to global banking networks. This makes it easier for businesses to conduct international transactions, manage currencies, feel confident about the safety of their deposits,. The Seychelles’ banking system is regulated by the Central Bank of Seychelles and is prized for its stability.

At GCM, we’re here to help you leverage these benefits and launch your new venture in the best possible conditions. And, if you are not sure the Seychelles would be the right fit for your business, you could consider getting your company set up in the UAE (Dubai), the BVI, Canada, Delaware, Hong Kong, and many more jurisdictions.