Offshore Company Registration - Incorporation Offshore Companies : SFM Offshore

Seychelles Economy

The Seychelles Specialties

The Seychelles have a taxation based on the territory. Therefore, only the locally-sourced incomes are taxed. There is a complete legislation for International Business Companies (Seychelles offshore company or Seychelles offshore company) based on the common law, Offshore Banks, Insurance Companies, Mutual Funds, Trusts, as well as the International Trade Zone, all of these being basically free of taxes. Later on, the government legislated for other types of companies such as Special License Companies, Protected Cell Companies and Limited Partnerships.
The offshore company formation is pretty easy, and privacy is assured. The Seychelles have signed tax treaties with a number of different countries, such as China. Banking and shipping are the two main “offshore business” in Seychelles. The Seychelles started to create an IOFC not so long ago, but by 2008, more than 50,000 companies had already been registered which granted the Seychelles with the highest growth rate in terms of new incorporation of offshore companies. The Trade Zone has been the most efficient aspect of the offshore initiative.
The service sector represents 70% of the Seychelles's economy, which is mainly based on tourism. The International Trade Zone is successful, and the Seychelles are evolving into a trading center with the rest of the Indian Ocean area.

Business Environment

The Seychelles are politically stable, offer good corporate laws, they have well-developed air and sea transport links and modern telecommunications means. The Government has been consistently business-friendly during a long time, and has been very active in the development of the offshore business. Due to the size of the country, professional services do not offer the same breadth as the one you will find in a larger jurisdiction. However you will find adequate banking and legal facilities.

Seychelles International Trade Zone (SITZ)