Business Seychelles: Flourishing Through Offshore Companies
Business Seychelles – Your gateway to offshore companies
Seychelles is a country of 155 small islands lying in the middle of the Indian Ocean. The capital of Seychelles is Victoria and the country is divided into 25 districts for better administration.
Just like its small size, its population is also the lowest in Africa, approximately around only 82,000 people in 2007.
The government focused mostly on establishing the tourism industry therefore for quite some time it remained as the main industry in the country.
However recently the focus has shifted to developing other industries as well like real estate and banking; which can attract more foreign investment via the Seychelles offshore business.
Seychelles is blessed with a strategic location and a deep sea port in the Indian Ocean, and investors can benefit a great deal from business Seychelles, provided they take a long term view, and the current political reality into account.
Forming a Seychelles company, especially an offshore one, is a very simple and fast procedure. You don’t have to wait for days and weeks to get something approved from the bureaucratic structure as in other countries and also there is no need to stand in long queues to get something stamped. The Seychelles International Business Authority [SIBA] has performed its own miracle, delivering what it was set up to do.
Business Seychelles is not just about starting an offshore company quickly; it is about retaining the profits you make in the future as well. It is a tax free haven. So a Seychelles tax is zero tax.
Seychelles offshore is a great opportunity for investors as Seychelles companies only have to pay a small fixed amount annually.
Seychelles companies have another great advantage and that is Seychelles world class infrastructure and communication systems.
Also Seychelles is a politically stable and safe country. The investor forming Seychelles company doesn’t have to worry about his/her investment or assets.
Seychelles International Business Authority
To further speed up the investment process in Seychelles, the government formed the Seychelles International Business Authority (SIBA) in 1995 whose main purpose was to oversee the offshore business and make Seychelles an investment friendly country.
Since then SIBA has taken drastic steps to do what it was formed for i.e. increase business in Seychelles!
Seychelles has been made a tax free haven, bureaucratic procedures have been simplified, forming a company in Seychelles has become a one stop approach, business costs have been greatly reduced and above all the investor’s privacy is maintained at all costs.
Further steps include the provision to import 100% foreign labor and the lifting of restrictions on the minimal capital required to do business Seychelles - for a local Seychelles company.
One more incentive given by SIBA is that an offshore company registered in Seychelles doesn’t need to have more than one director.
Furthermore the privacy and confidentiality of the director(s) and shareholder(s) is safeguarded under the law as they are not bound to disclose their personal information.
With so many incentives and benefits to offshore businesses, Seychelles has now become a hub of foreign investors especially in the African region.
The current weather in Seychelles is as always, mild.
See the map of Seychelles below. You can zoom in to see the roads, or zoom out to see the location with reference to Africa on the west. This island can be your location for business Seychelles!
map of seychelles islands:The beauty and magic of Seychelles has attracted people for ages. Now the Seychelles offshore company is attracting thousands of businesses!
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See these 2 videos of Seychelles below. They provide you with an instant feel for the country where you may want to locate your offshore company.