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Seychelles Tax? Or Lack Of Any Taxes!

May 23, 2008
When you incorporate an offshore company in Seychelles, there is no such thing as a Seychelles Tax!

Information Seychelles:

Located in the stunning waters of the Indian Ocean, northeast of Madagascar and 1,600 from Kenya, the Republic of Seychelles is a paradise in many ways. There are 115 small islands that make up Seychelles, and these islands are unknown to many people today.

Seychelles offers a wealth of prospects in terms of investment opportunities, recreational activities and overall quality of life. It is now one of the worlds most recognized tax havens, because there is no Seychelles tax, offering strong competition to those well known tax havens located in the Caribbean.

That is right. It is a tropical haven, and because of no Seychelles tax, a tax haven as well, one that offers a world of opportunities. This country might look tiny on the map, but it is fully equipped with excellent communication systems, well developed infrastructure and exceptionally appealing investment opportunities that many business people are beginning to capitalize on.

Zero Seychelles Tax Companies:

It has some of the most enticing and appealing offers making it a first choice destination a zero Seychelles tax. It is an increasingly popular tax haven, so much so that in July 2004 the Seychelles International Business Authority (SIBA) was established, to help and this authority regulates all offshore company activity.

There are two types of tax haven companies in Seychelles:

1) The zero Seychelles tax International Business Company (IBC) and

2) Low tax Special License Company

The different between the two is that the first pays no Seychelles tax on income generated overseas, while the second pays 1.5% on income generated overseas. The Special License company is a tax resident company in Seychelles, which can sometimes lead to easier business undertaken overseas, and can take advantage of the Double Tax Treaties that Seychelles has with several other countries.

However in terms of competitiveness, a tax free International Business Company in Seychelles is considered one of the best. Not only is the Seychelles International Business Company [IBC] easy to form, but there are also other perks associated with it.

Investors benefit from:

* Fast services

* Low cost of incorporation seychelles

* Strict confidentially protected by law

* No information sharing agreements

To set up a tax haven company is straight forward and simple at Seychelles. Companies can be registered in English or French, and the name of the company can be in any language so long as it has a subsequent translation.

Other advantages of seychelles offshore company formation:

* There is no minimum capital requirement for a zero Seychelles tax company.

* This company is extremely flexible in many ways, for example an IBC can choose whether it wishes to hold annual meetings. Directors meetings are not a requirement. However they can be held in Seychelles if desired.

* IBCs only need one director, more if desired, however this is not a requirement

* IBCs can have directors and shareholders of any nationality and be residents of any country.

* The IBC can engage in business which is legal in any country and in whatever currency, however business can not be undertaken with residents of Seychelles.

And the tax benefits:

One of the best thing about having a seychelles offshore company formation is the no tax policy. IBCs are completely exempt from all taxes on income derived outside of the Seychelles.

Investing in Seychelles offers so many advantages. Enjoy stringent privacy, see your wealth increase, open bank accounts in your companies name. Everything is possible, and it is easy to implement! Let us not forget that Seychelles is not only a tax haven, but it's also a tropical haven offering the ideal lifestyle.

The Republic of Seychelles:

Capital: Victoria

Currency: Rupee

Language: There are three official languages in Seychelles. Creole, French and English.

Total land occupancy: 455.3 square kilometers.

Population: 81,000

Government: Seychelles is a Republic, and it is members of the Commonwealth, La Francophonie, the United Nations, the African Union. The President is the head of state.

Brief History: Seychelles was initially colonized by the French, however in 1814 it became territory of Britain. In 1976 Seychelles achieved its independence from Britain. Today Seychelles enjoys her independence while being a republic in the commonwealth. The Republic of Seychelles offers everything from attractive investment opportunities to fun recreational activities!
About the Author
Ramapati Singhania specializes in creating and managing web businesses. His latest website http://www.incorporation-offshore-saves-wealth.com focuses on helping you to incorporate offshore companies in Seychelles, Mauritius and BVI. You can also visit his blog, http://www.ramapatisinghania.com
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