An efficient telecommunications system together with other advantages such as the extensive facilities available at its harbour, Port Victoria, and a well-developed infrastructure with attractive investment incentives, offer an ideal business environment to investors in Seychelles.
In addition, the Seychelles Investment Bureau (SIB) was established in July 2004, as the first point of contact for all matters relating to investment, business and company in incorporation Seychelles and as the body responsible for the launch of offshore company in incorporation seychelles.
Capitalising on the work of its predecessor, SIBA, SIB's objectives are to promote Seychelles as the ultimate environment for business, foster an investor-friendly culture and assist investors to establish and expand their respective enterprises.
Its main activities include:
1) Enhancing the awareness of Seychelles as the location for investments both at home and abroad and to promote investment opportunities in all sectors of the economy including via offshore company incorporation in Seychelles
2) Providing facilitation services to investors and acting as the focal point of contact amongst local and foreign entrepreneurs and all Government/private organizations.
3) Expediting the processing of investment proposals in an efficient manner for the consideration of the Government.
4) Conducting research and make recommendations on investment related matters.
What`s the difference between a domestic company and an offshore company in incorporation Seychelles? In terms of the internal structure - there is very little difference!
An offshore company is quite simply the same sort of legal entity (a corporation), only registered outside the domicile country of its owner(s). Historically, though, the term "offshore" has been narrowly associated with a company, which is not only formed outside the home country of its owner, but also has a number of benefits, that are not exactly available back home.
An onshore corporation pays income tax (sometimes, lots of it) while an offshore company is tax-free. An offshore company in incorporation seychelles is also free from financial reporting and mundane book-keeping requirements. To form an offshore company, its owners don't need to come up with big paid-up capital. Offshore corporation is not required to register its shareholders on a public file. It`s easy and quick to register, simple to operate and maintain.
Apart from those "perks", the internal structure and management principles of an offshore company are still largely similar to those of any "regular" business corporation.
What are the advantages of using an offshore company?
The main advantages are:
(a) Zero or absolute minimum taxation on profits and capital gains;
(b) Confidentiality, due to no sensitive personal information registered on public file;
(c) Protection, due to secrecy provisions enshrined in the law and no information-sharing agreements;
(d) Corporate flexibility: no paid-up capital, no requirement to declare operational objects, minimum requirements on directors and shareholders, speedy incorporation, and so on;
(e) Simplicity of management - shareholders` meetings can be held anywhere, and also by electronic means, the corporate decision making process is extremely flexible;
(f) Minimum reporting - no audit, no tax reporting, no financial information on public file.
All in all - a lean, mean international business company!
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