SeychellesWe assist global clients looking to do business in Seychelles with the A to Z of business setup without the need for the client to travel to Seychelles . Some of our services include:
Regulatory licenses across all sectors
Provision of nominee directors and shareholders
Recruitment and employee hiring
Virtual/Physical Office space solutions
Employment and residency visas
The most common corporate structures preferred by foreign investors setting up in Seychelles include i) the limited liability company (LLC/LTD) and ii) the branch office. See detailed comparison below:
Advantages and disadvantages of Seychelles business setup:
- Companies benefit from a favorable business environment with simple and efficient incorporation processes.
- Seychelles offers a low corporate tax rate of 15%, with various incentives for specific industries.
- Seychelles is strategically located for business with access to emerging markets in Africa, Asia, and the Middle East.
- The country offers access to offshore banking and financial services with high standards of secrecy.
- Companies enjoy flexible regulatory requirements, making compliance more manageable.
- There are no exchange controls, allowing free repatriation of profits and capital.
- Seychelles has a network of double taxation treaties with several countries to avoid tax duplication.
- The country is known for its ease of doing business, consistently ranking high in global business indices.
- There are no restrictions on foreign ownership of companies, allowing full foreign investment.
- High proficiency in English.
- Seychelles’ remote location can result in higher shipping and logistics costs for international trade.
- The jurisdiction faces international scrutiny and pressure due to its offshore and tax haven status.
- Restriction in some lucrative sectors including aviation, insurance and telecommunications.
- Limited local market size may restrict business growth and opportunities within the domestic economy.
- Compliance with evolving international tax regulations (e.g., OECD and EU standards) can increase administrative burdens.
- The small size of the economy could lead to limited sectoral diversity and fewer business services.
- There are increasing international scrutiny and regulatory requirements due to the country’s status as a tax haven.
Important links:
Company incorporation steps in Seychelles:
- Name Reservation: Girimba Consulting reserves a unique company name through filling the requisite application document at the Company Online Registry.
- Documents Preparation: Our Team prepares the incorporation documents and emails them to our Client for signatures and email return;
- Certificate of Incorporation: Our dedicated Team submits an application for company registration with the Companies and Business Registration office and obtain a certificate of incorporation;
- Personal Tax Number: If the director is a foreign national, our team submits an application for a personal tax number with the Seychelles Revenue Authority if necessary.
- Corporate Tax number: Our Team shall make the applications to the Seychelles Revenue Authority to obtain Corporate Tax Identification Number (TIN).
- Other Registrations: If the Client intends to hire local staff, our Team registers the company with i) SPF (Seychelles Pension Fund) and ii) PAYE (Pay as You Earn) Scheme;
- VAT Registration: If our Client expects to make taxable income exceeding SCR 5,000,000 (US$387,000) within the calendar year, our Tax Agent proceeds to register the company for VAT (Value Added Tax);
- Bank Account Opening: Girimba Consulting also assists our Client to open a local corporate bank account with a top tier bank in Seychelles.
Girimba Consulting conducts business with openness, transperancy and honesty.We respect and uphold our Clients’ confidentiality, we offer quality service at affordable rates. Contact us for professional solutions.
Clarence S. Carlos
Regional Cordinator
Clarence is our regional cordinator and head of business setup secretariat.