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Accordingly, setting up an entity in Seychelles is a simple and highly regimented process under the Seychelles International Business Companies Act. Seychelles is attractive in terms of business setup since its nature of regulatory requirements and compliance procedures is straightforward. Here's a broad overview of how to set up a new company in Seychelles:.
To set up a Seychelles incorporation, there needs to be a name chosen for the company, followed by the appointment of at least one director and shareholder. Documents of necessity must then be filed, and there are various local requirements that need to be adhered to. It will be much easier and ensure that everything is done with the help of professional legal and company incorporation services, those well-versed in Seychelles laws.
A good business to start in Seychelles focuses on how to tap into the country's thriving tourism business, an emerging digital economy, and an enabling business environment. Seychelles is a land of beautiful islands and luxury resorts, thereby offering a number of ventures for entrepreneurs to engage in. Some of these ventures are:
Seychelles eco-tourism is one of the excellent businesses to start in Seychelles with a heavy emphasis on environmental sustainability. This could range from guided nature tours, diving excursions to eco-lodges explaining natural beauty about the island with minimal environmental damage. More tourists are increasingly seeking green travel; thus, an eco-tourism enterprise would therefore guarantee high demand and promote eco-friendly practice.
Seychelles attracts both high and low-budget travelers. Apart from five-star resorts, developing boutique hotels or low-budget guesthouses is an option. Distinctive, personalized experiences can attract travelers in pursuit of authentic stays that will contribute to improving the local economy and accommodate a range of budgets.
With more and more local businesses looking to tap into the pool of global customers, a good business in the tourism and travel niche that can be done is offering tourism and hospitality digital marketing services. Social media management, creating good content, and SEO services will enable local hotels, tour companies, and restaurants to increase visibility for international tourists. This ideal for entrepreneurs with experience in digital marketing.
Seychelles is indeed a haven for water sports, and either fishing charters or the renting of water sports equipment are in demand at any time. It could be fishing trips, snorkeling trips, jet ski-outs for both tourists and locals, which add value to their island experience.
Starting a business in Seychelles, either within the tourism industry, which is booming, or the growing digital sector, is rewarding. Emphasizing sustainable and customer-driven experiences helps entrepreneurs establish a good business to start in Seychelles while further developing the island's economy.
According to the regulatory requirements of the FSA (Financial Services Authority), some documentation is required for the incorporation of an IBC in Seychelles.
Below are the essential documents required for incorporation:
Additionally, a bank or professional reference letter, from an attorney or accountant for example, for each of the directors and shareholders to confirm that the individuals are in good standing. A business plan relating to what activities the company intends to carry out may also be requested so as to ensure the company's goals align with Seychelles' regulations for an IBC.
The application process also provides for the proposed name of the company, which is to be searched for availability and should comply with the naming guidelines-which need not to be similar to any Seychelles names or any restricted names. After collection and review of these documents, the drafting and filing of the Articles of Association and Memorandum of Association take place, stating the structure and purpose of the company.
The applicant will also require the services of a Seychelles-licensed registered agent for the processing of the application. This agent will handle all the procedural incorporation processes, liaise with the authorities concerned, and provide a registered office address. Aggregately, these documents will ensure the swift and compliant formation of an IBC in Seychelles.
The reinstatement of a dissolved company in Seychelles would, in principle, involve establishing the nature of its dissolution, whether voluntary or administrative based on grounds of non-compliance, for example, if annual fees have not been paid. While voluntary dissolutions usually go through the courts, some administrative dissolutions, in cases where applicable, can be resolved directly with the Registrar within strict timelines.
In the case of administrative restoration, there usually would be an ability to apply anytime within one year from the strike-off or within five years after the date of dissolution. The Registrar would consider whether or not the company maintains current accounting records and has registers of directors, members, and beneficial owners. The documents essentially required for making the application would include a Certificate of Incorporation, Memorandum and Articles of Association, and Certified Registers. These can be found on the website, or if these are not available, they can be requested from the Financial Services Authority. Accompanying this restoration application, the applicant should provide the reasons for the original dissolution and grounds upon which the application reinstating such is based, supported with applicable documents. Settlement of all outstanding fees and penalties has to be paid as well as any agent fees that are still unpaid. The company should also make sure that its accounting records for the last seven years are complete.
The company, upon restoration, should be put under obligation to observe all the existing regulatory requirements such as filing the register of directors and maintaining a register of beneficial owners under the Beneficial Ownership Act 2020. A consultation with any professional who has experience in Seychelles Company Law would make it easier and smoother while ensuring compliance and a quick reinstatement of the companies.
With its peculiar mixture of economic strategies, natural resources, and political stability, Seychelles can be counted as a developed nation on many aspects. Generally, the country develops mainly based on tourism and fishing. Tourism is one of the major contributors toward the GDP for Seychelles because it benefits from the pristine beaches, biodiversity, and conservation efforts, which attract high-end tourists from around the world. This only creates an inflow of foreign income into local businesses and therefore infuses money into infrastructure development and job creation. Also, fisheries are highly important, especially the tuna exports, using sustainable practices to ensure the long-term viability of the industry and growth in exports.
Aside from that, Seychelles has emerged as a financial hub, particularly in offshore banking. The government has also provided policies that attract foreign investment through the provision of tax incentives and the lessening of regulatory constraints for international businesses. This offshore sector earns a great deal in revenue and lessens dependence on tourism alone.
Further development has been consolidated by political stability and governance. Small as it might be, the country has provided a stable democratic regime, and, as such, foreign investments and economic growth have been promoted in a sustainable way. Environmental conservation policies established by the government to protect its natural resources are very important and, consequently, the tourism sector. For the protection of marine and land biodiversity, Seychelles has been accredited as a leader in this aspect.
With time, Seychelles was able to achieve growth and development through judicious use of its natural resources and the adoption of progressive policies, making it certainly one of the better-off islands in the region.
The incorporation process takes only 1-2 days since we receive all required documents and payment from your side.
See more: How to start a business in Seychelles
The fee for the registration of an IBC having an authorized share capital up to US$1,000,000 is US$ 742 our professional service fee and Government fee plus US$ 500. Total US$ 1242.
Seychelles International Business Company (Seychelles Offshore - IBC) has totally exemption on taxes, according to the International Business Companies Act, 1994. No filing of accounts or submitting annual returns is required after the offshore has been incorporated. Seychelles is not a party in any double taxation treaty, which provides enhanced protection against fiscal inquiries. The law protects the confidentiality of the Shareholder, Director and the offshore company.
Seychelles Offshore Company Formation, initially Our Relationship Managers team will ask you have to provide the detailed information of the Shareholder/Director's names and information. You can select level of services you need, normal with 2 working days or a working day in urgent case. Furthermore, give the proposal company names so that we can check the eligibility of company name in the Registrar of International Business Companies system.
You settle the payment for Our Service fee and official Seychelles Government Fee required. We accept payment by Credit/Debit Card 
, Paypal 
or Wire Transfer to our HSBC bank account 
.
After collecting full information from you, Offshore Company Corp will send you a digital version (Certificate of Incorporation, Register of Shareholder/Directors, Share Certificate, Memorandum of Association and Articles etc.) via email. Full Seychelles Offshore Company kit will courier to your resident address by express (TNT, DHL or UPS etc.).
You can open bank account for your company in European, Hong Kong, Singapore or other jurisdictions supported offshore bank accounts! You are freedom international money transfer under your Seychelles Offshore Company.
Your Seychelles Company formation completed, ready to do international business!
Yes. Absolutely!
Nowadays in the globalized world the exact location of a bank is less important than the choice of the bank itself. When choosing a bank, a number of questions should be considered.
All in all, there is no single answer as to the most appropriate location of an offshore bank account – it is always a compromise between your financial abilities, convenience and reliability.
The time actually starts ticking after the completed application file, which includes quite a lot of documents and information from the beneficial owner, has reached the bank. We can not really influence the time taken by the client to fill the forms and to obtain the few due diligence documents.
From the moment the file is with the bank, it can be from a couple of days to a couple of months until the bank comes up with a letter of acceptance – or, sometimes, rejection. In some cases the bankers would ask for some clarifications or additional documents from the new client. Then, obviously, the timer would stop until such information or document is furnished.
All in all, it is practically impossible to determine an exact timeframe. We would certainly share our previous experience with any particular bank, and sometimes this information gives something to go by
The relationship between the beneficial owner and the professional director is regulated by the standard Terms & Conditions of business and, if necessary, by a more specific client-manager agreement.
Such agreement could determine, in particular the method of passing any instructions and information from the client to the manager and the fact that the account signatory shall never act on his own accord without express consent by the beneficial owner.
As all the instructions to the Director come exclusively from you and the Director will stay passive in the absence of such instructions, you are actually the exclusive person controlling the account.
An example of international business is when a company conducts its commercial activities across national borders, involving the exchange of goods, services, or investments with entities in other countries. Here's an example:
Company X, headquartered in the United States, manufactures high-end smartphones and wants to expand its market globally. To do so, it engages in international business activities, such as:
In this example, Company X's activities in multiple countries illustrate international business operations, as they involve various aspects such as trade, investment, and adaptation to different markets, regulatory environments, and consumer behaviors.
We are always proud of being an experienced Financial and Corporate Services provider in the international market. We provide the best and most competitive value to you as valued customers to transform your goals into a solution with a clear action plan. Our Solution, Your Success.
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