Seychelles

Republic of Seychelles is an island state in the Indian ocean with its capital in Victoria on the island Nahe. English and French are the official languages. This republic belongs to the most used offshore jurisdictions, especially for political and economic stability, quality practice of the courts and affordability of services.

Basic information about business in Seychelles

This republic is regarded as a classic tax haven with a number of services related to business. Seychelles are always able to offer something, whether it is establishment and management of companies, registration of boats and yachts or opening bank accounts. They belong to the most used offshore countries especially thanks to the quantity of services and their affordability. The biggest advantages include:

• companies register are not available to public and all information is kept discretly
• income tax for companies IBC is 0 %
• bookkeeping is not required

There are two types of companies you can establish:

IBC – International Business Company (Ltd., Limited, Inc., Corp., Corporation, SA, AG, GmbH)

Is considered as one of the most popular and the most versatile offshore companies. The main requirement for this company is to show no income at the territory of Seychelles. The law states that all exemptions for Seychelles IBC remain in force for a period of 20 years from the date of the IBC establishment.

Registration is usually completed within 48 hours since the submission of all required documents. If all forms are accepted without any condition, then establishment of the company with all necessery documents and their delivery to Slovakia takes approximately 12-16 days.

• price for the establishment of the IBC is € 650
• renewal fee for every next year is € 350 including all state fees, fees for office and registration agent

For more information, please visit the web of IBC companies.

CSL - Company Special License (Ltd., Limited, Corp., Corporation, SA, AG, GmbH)

This has a special license as is written in their name. CSL company is a tax resident company in Seychelles, on the contrary to other offshore companies this one is able to use benefits from the concluded contracts on double taxation. CSL companies are subject to tax from worldwide income by 1,5 %.

On the other hand there are more strict conditions applied to CSL. Bookkeeping is required, they have to have at least 2 general managers and they cannot be held through bearer shares. Nevertheless, the anonymity is guaranteed by the law and access to the information of shareholders is limited as well.

• price for establishment of the CSF is € 2.600
• renewal fee for every next year is € 1.700 including all state fees, fees for office and registration agent

For more information, please visit the website of CSL companies.

Banking Services

Banks at Seychelles are obliged to conform to the strict law regulation where anonymity and discretion are at the first place. Due to these conditions, bank services are quite attractive for personal and legal entities as well. We assist our clients with opening bank accounts in Seychelles and in other countries, too.

Republic of Seychelles is trying to be attractive for a renowned international financial and bank institutions which offer tax allowance and more advantages.

Opening a bank account at Seychelles is usually realized in the Barclays Bank which is one of the biggest british banks and highly rated even in these times of economical crisis. Barclays Bank Seychelles is an independent organizational unit conforming to legislation of Republic of Seychelles and therefore it is not subject to supervision of EU and other international institutions. For more information visit website Bank services.

Yacht registration

It brings a lot of advantages. For example:

• cost savings associated with registration
• savings on tax, VAT and so on
• protection of property if the offshore company owns a yacht

Price for yacht registration is subject to an agreement and depends on the type and size of the watercraft. Please contact us in case of your interest.