A tool for Tax Planning : OFFSHORE Company

COMPANY REGISTRATION

Professional offshore  since 1997, we assist to incorporate with offshore bank account IBC’s , CSL’s and companies in Trade Zone.
The offshore bank accounts are opened in a week (if we have all documents).
The taxation in the Seychelles Jurisdiction is very low .


International Business Company  IBC OFFSHORE  Seychelles

Characteristics of an OFFSHORE COMPANY or IBC

  • The company off shore has Memorandum specifying activities in which the enterprise can be committed ;
  • The company off shore is incorporated by one or several physical or moral persons ;
  • It can have a preceded denomination or followed by ” Ltd “. “Inc.”,”Limited”, “Incorporation”;
  • No obligation to depose the capital;
  •  The client doesn’t need to go to Seychelles islands, all the constitution can be alone done through  internet;
  • Possibility to have nominee director or nominee shareholders ;
  • Possibility to have  Registered shares ;
  • The object of the Company are not limited, the company off shore can do all activitiesallowed in the currency of its choice;
  • The International Business Company (IBC) of Seychelles can be the owner of vessels planes ,real estate;
  • The registered office must be in Seychelles with a Registered agent ;
  • The annual tax fixed for the life of the Company off shore is 140 US$ whatever the capital ;  IT’S THE ONLY TAX TO BE PAID.
  • No registration , no enforced accountancy is required by the Seychelles authorities;
  • The International Business Company (IBC) of Seychelles can invest in trusts , mutual funds…

Only the registered agent  and the Bank manager of the International Business Company (IBC) know the identity of shareholders .

Advantages of IBC Located in Seychelles jurisdiction

  • Companies names can be chosen according to clients;
  • Absolute confidentiality;
  • Rapid service ;
  • Total exoneration of tax ( except the annual tax );
  • Annual tax fixed for the life of the Company ;
  • No taxation of inheritance and no taxation of capital gains;
  • No enforced accountancy, no annual audit;
  • No obligatory meeting;
  • The Company can be dissolute only by stopping no payment of annual tax,
  • Banking details completely secret ;
  • No exchange control ;
  • No publication of the names of the director or shareholders ;
  •  Registered shares ;
  • No local director ;
  • The world’s less expensive annual tax ;
  • Easily accessible by air or by sea;
  • Permanent communication possible between the client and his agent with the new means of communication and with the different correspondents ;
  • Possibility to communicate by encoded mails ;
  • Possibility to open a Bank account for your Company anywhere in the world .

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Examples of Activities of an Off shore Company (IBC)

  • To manage a portfolio of investments off shore ;
  • To own properties, real estates, vessels and planes ;
  • To own property titles, to renovate real estates ;
  • To own intellectual or industrial properties ;
  • To rent equipment or properties;
  •  International Trading ;
  • To recruit and manage the staff ;
  • To provide the service of consultation in an off shore center ;
  • Industrial planning ;
  • Financial planning ;
  • To own properties confidentially ;
  • To own real estates ;
  • To register a vessel under SEYCHELLES FLAG;

Restrictions minimum:

The International Business Company Act doesn’t allow an IBC (International   Business Company) to practice the following activities :

  • To own an interest in real property in Seychelles,
  • To carry on banking ;
  • To carry on business of an insurance or reinsurance company ;

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CSL “Companies Special License” in Seychelles’s Jurisdiction

To relocate his company in a country with no double taxation agreement can be a  judicious choose in tax planning.
The Seychelles Islands has signed several double taxation treaties in particular with  :
Barbade, Botswana, Chine, Chypre, Indonésie, Malaisie, Maurice, Oman, Qatar, Afrique du Sud, Thaïlande,  Emirats Arabes Unis, Vietnam etc…

Some negotiations concluded and awaiting date for signature: Russia, Egypt
The creation of a CSL in Seychelles allow to  profit  of the no double taxation treaties .

Characteristics  of an  Company Special License or CSL

The CSL, Companies Special License  can do all legal activities outside Seychelles
The CSL,  Companies Special License  pay:

  • Initial application fees d: USD 200
  • Annual License fees : USD 1,000
  •  Annual filing fees : USD 200

À compter du 1er janvier 2019, les CSL sont imposés conformément aux taux en vigueur spécifiés dans la loi sur la taxe professionnelle.

En ce qui concerne une entreprise (licences spéciales), l’imposition est de 1,5% sur le chiffre d’affaire ou 25% sur les bénéfices si le chiffre d’affaires est inferieur ou égal a 1 million de Roupies Seychelloises.Pour les entreprises dont le chiffre d’affaires est supérieur à 1 million de Roupies Seychelloises, la taxe est de 30% sur les bénéfices.

CSL’s Companies Special License are exempt of withholding tax on dividend, interest and royalties of stamp duties  on property transfer, shares transfer and other business transactions.

An CSL Company Special License is exempt de of trades tax on all furniture and equipment imported for the running of his office in Seychelles.
An CSL Company Special License benefits of exemption of Social security contribution and fees for work permit for expatriate workers.

The objects of a CSL Companies Special License can be:

  • Investment management and advice
  • Off shore banking
  • Off shore insurance
  • Reinsurance
  • Business of : (a) an investment company
    (b) a holding company
    (c) a marketing company
    (d) a company holding intellectual property
    (e) a headquarters company
    (f) a human resources company
    (g) a franchise company
  • Business under a ITZ license
  • Any other business approved by the authority

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International Trade Zone in  the Seychelles Islands

The vehicle to set up a business  in the SITZ is a Company Special License( CSL).
Once the CSL is establish, an application must be made for a SITZ license.

The application contains:

  • the type of proposed activity ,
  • the size of investment ,
  • a business plan ,
  • an employment plan with a minimum ,
  • a personal questionnaire of the promoter ,
  • personal reference,  bank reference &  auditor reference of the promoter.With ZERO taxes, license fees fixed for life, ability to import 100% foreign labor, a strategic location in the middle of the Indian Ocean as well as many other attractive features. Seychelles is the logical point from which to establish and run an International Business

The rules for establish a company in the SITZ

The vehicle to set up a business in the SITZ is a Company Special License( CSL).
Once the CSL is establishing, an application must be made for a SITZ license.

The application contains:

  • the type of proposed activity ,
  • the size of investment ,
  • a business plan ,
  • an employment plan with a minimum ,
  • a personal questionnaire of the promoter ,
  • personal reference,  bank reference &  auditor reference of the promoter.With ZERO taxes, license fees fixed for life, ability to import 100% foreign labor, a strategic location in the middle of the Indian Ocean as well as many other attractive features. Seychelles is the logical point from which to establish and run an International Business

Advantages of Seychelles include

  • a member of the LOME Convention covering preferential import
    conditions to EEC countries
  • a member of COMESA
  • the deepest sea port of the region
  • strategic Location
  • concessions guaranteed by law
  • fast and efficient clearance of imports and exports
  • attractive freight rates for export cargo
  • FSA offers secure ready-built premises
  • low land leasing cost.

Furthermore, the executive managers, expatriated staff  and their families obtain obligatory and free resident permits.