Seychelles

Advantages:

• Political and economic stability of jurisdiction;
• The companies on Seychelles do not provide the financial statements, audit report and annual report;
• The government of Seychelles seeks to provide the high level of confidentiality;
• There is an opportunity to change the country of the company’s registration for IBC.

Taxation

International Business Companies of Seychelles are completely exempted from all the forms of local taxation including the stamp duty. Instead they have to pay only annual license duty, which depends on the company’s registered capital amount.

Currency control

No currency control.

Public information

Information on the directors and company owners.

Prohibited activity

Offshore companies are prohibited to carry on business, make trade operations and own any property on the territory of the island.

Double taxation avoidance agreement

The agreements on double taxation avoidance are signed with Belgium, China, South Africa, Indonesia, Thailand, Oman, Malaysia, Mauritius, Namibia and Zimbabwe and with Cyprus, Qatar and UAE. They planned to sign the agreements with Russia, Botswana, Vietnam, Malaysia and Egypt and Tunis, Malta, India and Greece.