Everything You Need to Know About Seychelles Company Formation

Posted by Sterlingoffshore on June 17th, 2016

Seychelles is fast becoming one of the most sought-after jurisdictions for investors who are looking to create offshore companies and enjoy many advantages. Only a few hundred dollars are needed to register a company under the Republic of Seychelles. What’s more, corporate and financial laws in the country are less rigid compared to western countries. For example, the government of Seychelles does not require companies to show or even prepare financial statements. The preparation of cash flow statements, balance sheets, or profit and loss statements are not required, but directors of companies are advised to keep accounting records like receipts, contracts, bank statements, and invoices.

Forming offshore companies—whether you are simply transferring your old business overseas or starting a new one—is an excellent way to internationalize your assets. There are a lot of pervasive misconceptions about offshore company formation, such as companies are simply evading taxes or are hiding money. This isn’t all true. In fact, large companies such as Apple and Google have offshore companies. They are able to reduce their tax burdens in a completely legitimate way.

Just like other countries, Seychelles also requires business owners to submit documentations and even a business plan for company formation. If you want to a smooth-sailing company formation in Seychelles, it’s best to enlist the help of an experienced adviser or service. Not knowing the ins and outs of offshore businesses is just a recipe for failure. An experienced expert can guarantee an easy transition; they can lend knowledge in the establishment of offshore operations in Seychelles.

You might be thinking—why set up a company in Seychelles when there are other countries open to foreign investors, too? Well, Seychelles is not yet saturated. Reports show that only about 140,000 international business companies are currently registered in Seychelles, so there isn’t any overcrowding yet. It will be easier to establish a company under a name that you prefer. In other offshore territories such as the British Virgin Islands, over one million international companies have already registered.

Seychelles remains on the white list of the Organization for Economic Cooperation and Development, which is a unique forum comprised of governments of over 30 democracies. Their market economies are working with each other along with over 70 non-member economies established for the promotion of sustainable development, prosperity, and economic growth. The country has passed the Global Forum Peer Review’s First Phase and is expected to pass the next one, too.

About the Company:

Sterling is a leading licensed and regulated corporate, trust, fiduciary and fund services provider delivering specialised solutions for a global clientele of international corporations, institutional investors, high net worth individuals and families as well as their intermediaries. Whether an end user of our services or an intermediary, Sterling provides an efficient, personalized approach to ensure smooth, efficient delivery of services that meets the requirements of each client.