A Seychelles IBC: Various Important Issues Regarding Its Incorporation

Individuals or businesses that seek to establish an offshore business company may weigh the option of the Seychelles Islands. These 155 granite and coral islands are situated in the western Indian Ocean to the north of Madagascar. The Republic of Seychelles that accomplished independence from the United Kingdom in 1976 is one of the biggest developing offshore business destinations in the whole world. A Seychelles IBC or International Business Company is highly sought after nowadays.

Some fundamental pieces of information on forming a Seychelles Offshore Company are that the IBC can be established in mere 1-2 working days. One of the prerequisites is that you are able to use a name that exists in your home country; provided that company name is available with the Seychelles registrar. Here, the official document language is English.

As soon as your Seychelles IBC is formed, the Memorandum of Association will be registered simultaneously with the incorporation. One of the other prerequisites is that you should have a registered office in Seychelles. The registered office address and the name of the individual who is the resident agent of the business need to be rendered to the registry.

They will also record all paperwork on behalf of you. The advantage of setting up a Seychelles offshore company is that they are extremely flexible with their laws and regulations. A number of the fundamental features are that minimum or maximum capital requirements are not required for a Seychelles Company. The company shares can be issued with or without par values. The IBC needs at least one business director. The directors don’t need to be the shareholders of the company.

The most common reason why entrepreneurs opt for Seychelles offshore business is for privacy and confidentiality. In the Republic of Seychelles, just one director and one shareholder are needed for the setup of the IBC. Their names may be present on the public record, or nominee services can be provided to assist the authorities in keeping the owner's name and information confidential.

As stated above, there is no restriction on authorized capital. However, there is a statutory annual government-licensing fee of $100 for an unlimited amount of authorized capital. A Seychelles IBC is not subject to any tax on worldwide income which is really an outstanding benefit.

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