Business Matters UK - Seychelles Company Formation
Situated in the Indian Ocean. Discovered by Vasco de Gama in 1502 and became British Sovereignty in 1814 and a Crown Colony in 1903. Granted independence from Britain 29th June 1976. Now has a stable government under which tourism flourishes and crime is negligible. 46% of the total land area is designated as Nature Reserve or Park.
A second year a charge of £822 is payable.
Demographic
Country: Seychelles
Population: 80,000
Capital: Victoria
Language: English speaking plus Creole and French
Details of Limited Company (International Business Company - IBC):
- Permitted to have only one subscriber and thereafter only one shareholder.
- Permitted to have only one director.
- Director can be corporate or individual and need not be local resident.
- Director and shareholder can be same person or same corporate entity.
- Requirement for company secretary.
- Meetings of directors or shareholders may be held in any country.
- No requirement to file any information on directors and shareholders.
- No public disclosure of directors or shareholders.
- No requirement for audit.
- No requirement to file annual returns.
- Accounts are not required to be filed with government authorities but must be prepared and maintained privately.
- Annual Government licence fee of $100 on authorised capital up to $5000.
- Total exemption from all forms of local taxation.
- No International Agreements on dual taxation.
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