Seychelles Offshore Company Advantages
In general, advantages of incorporating an offshore company include:
1. Absolutely no or the least taxation charges on capital gains and profits accrued;
2. Confidentiality since sensitive personal information are not registered on public file;
3. Protection is made possible by the secrecy provisions declared in the law and agreements on no sharing of information;
4. corporate flexibility since there is not requirement for paid-up capital as well the declaration of operational objects is not mandatory, minimum requirements on directors and shareholders is not necessary, process of incorporation is speedy, and the like;
5. Simple management is ensured since shareholders` meetings are allowed to be held anywhere in the world, as well as by electronic means, and the decision-making process of the corporation is very flexible;
6. Minimum reporting is required and no audit, no tax reporting, no financial information is published on public file.

What then are the specific advantages of forming an offshore company in Seychelles?
In Seychelles, there are various advantages when forming an offshore company, these include:
1. License fees are competitive and are fixed for life;
2. Seychelles IBC directors can be elected during the first board meeting of the corporation;
3. No minimum capitalization ids required;
4. Only one director and shareholder is required;
5. Filing accounts with the Registrar is not mandatory;
6. Confidentiality is embedded in Seychelles’ legislation;
7. In respect of IBC’s civil proceedings, all maybe heard by a judge in chambers; and
8. It is possible for an IBC in Seychelles to own a vessel or aircraft.

In the process of IBC registration, Seychelles offers the fastest procedures, simple and straightforward, offering apostille and notarial service certificates taking no more than 1 day. Although there is no public register of directors and shareholders, the information has to be kept updated and files stored in a Registered Agent.

How does Seychelles provide further advantages to already established offshore companies?
Offshore companies already established are offered tax haven strategy that includes savings from taxes; the IBCs, which are the most versatile and popular, including International Trusts and International (free) Trade Zone Companies, are exempted from compliance requirements and absolute confidentiality. Most recently, the new legislation offers licensing of offshore insurance, mutual funds activities, offshore banks, Freeport activities and the regulation of the securities industry.

Seychelles IBC is allowed to operate legitimate international business, including commerce, investment activities and trade providing several benefits for foreign investors and international traders. The essential features include:
1. 100% foreign ownership,
2. Special investment incentives,
3. Reparation of profits and capital are 100%,
4. There is no withholding tax or dividends required,
5. Fixed license fees are competitive,
6. No personal income tax is imposed and no other taxes related with ownership, transfer, sale and the like,
7. No minimum capital was required,
8. An IBC is not required to disclose beneficial owners,
9. Bearer shares are allowed,
10. Confidentiality and secrecy is ensured as well as many other benefits that are allowed by law.

There are also some features that a Seychelles IBC may not do:
1. It is not necessary that they carry on business within Seychelles,
2. They may not own real estate in the country, and
3. They may not conduct banking, insurance and register agent business.

On the other hand, a Seychelles IBC may also do some features:
1. They may maintain bank accounts and deposits based in Seychelles,
2. They may hold meetings of directors in Seychelles,
3. They may maintain records and books within Seychelles,
4. They may also lease a property in Seychelles for office and communications use,
5. They may maintain professional relations with lawyers, trust and management companies, accountants and investment consultants in Seychelles, as well as
6. Hold shares, other securities or debt obligations in another IBC in Seychelles or a domestic company. One good feature is that Seychelles residents can hold shares in a Seychelles IBC.