Why Setup Business in Seychelles?
Nestled peacefully in the centre of the Indian Ocean, the Seychelles is a beautiful archipelago encompassing 115 islands. The country’s capital, Victoria, is on the Mahe Island. In the last 2 years, Seychelles has experienced a significant investment flow contributing greatly to the economy. Much of these investments have been from the off-shore investors setting up business in Seychelles. The other two major contributors to the economy are the fishery and tourism sectors.
Its clean and white-sandy beaches, and breath-taking mountains continue to attract tourists from around the world. But as we mentioned earlier, Seychelles has now also become an attractive destination for foreign investors to start their business ventures and setup international corporations.
Here’s a quick overview of what has helped Seychelles become a preferred choice for setting up businesses:
Efficient Business Communication
One of the top reasons why foreign investors and entrepreneurs are opting to setup operations in Seychelles is because communication systems here have improved dramatically. The Seychelles has recently introduced fibre optic cables which connects it to the East African Coast and provides the country with fast-paced internet. Access to fast-paced internet connection enables excellent business communication within organizations. It is much easier and faster to conduct financial transactions between banks and businesses operating in the Seychelles can ensure unified communication with other branches located overseas and in other parts of the world.
Excellent Business Doing Opportunities with Financial Security
To facilitate new business ventures in the country, the Seychelles has introduced many types of investment structures for investors ease. The SIB (Seychelles Investment Bureau) creates a bridge between the government and foreign investors by providing them excellent opportunities to do business here and that too, with financial security. The country has a transparent and fair legal system which gives investors adequate protection. Besides this, the regulatory body IBA (International Business Authority) of Seychelles offers investors amazing investment opportunities in Foundations, & Trusts, and opportunities to start new ventures.
Furthermore, financial security of investments is also ensured by the Seychelles Central Bank. The Central Bank licenses and supervising banks & insurance service providers and ensures as much business transparency as possible.
Economic and Political Stability& Well-Regulated Jurisdiction
Another great reason to setup a company is Seychelles is its stable economic and political climate which makes it a business friendly place. It also has a well-regulated jurisdiction. Some of the most appealing features of their jurisdiction are:
- Fast company incorporation (usually in just twenty four hours)
- Low company incorporation & renewal fee
- Convenient time-zone (GMT+4)
- Modern off shore legislation
- Multi-lingual company incorporation documents are allowed
- Nominee directors & shareholders are permitted
- Only 1 director and 1 shareholder for company incorporation is required
- There is no minimum requirement for share capital
- DTA (Double Taxation Avoidance) Treaties with countries like China, Oman, South Africa, Botswana, Malaysia, Belgium, Cyprus, Zambia, UAE, Thailand, Mauritius, Indonesia and Barbados.
- Enjoys both air and sea connectivity
- Follows high standards for environment sustainability
- Situated outside the cyclone-belt
For more information or company incorporation services get in touch with ABC INTERNATIONAL SERVICES (SEYCHELLES) LIMITED, Seychelles, [email protected] They can provide you step by step assistance for setting up business in Seychelles.