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Seychelles Tax | Seychelles Tax Information

By: Ramapati Singhania

Seychelles tax entails of not levying in offshore companies of the republic of Seychelles that located in stunning waters of Indian Ocean in northeastern portion of Madagascar and 1,600 away from Kenya. With that, republic of Seychelles consider as a paradise in several ways.

Seychelles offers a wealth of prospects in terms of investment opportunities, property seychelles, recreational activities and overall quality of life.The Republic of Seychelles is now one of the most recognized and tax havens, because there is no Seychelles tax, offering strong competition to those well known tax havens located in the Caribbean.

Seychelles republic is fully equipped with excellent communication systems, well-developed infrastructure and exceptionally appealing investment opportunities that many business people are beginning to capitalize on. It consists of those consider as most enticing and appealing offers making it a first choice destination that entails zero taxation.

Seychelles is an increasingly popular tax haven tax haven, so much so that in July 2004 the Seychelles International Business Authority SIBA was established, to help and this authority regulates all offshore company activity.

There are two types of tax haven companies in Seychelles:

1) The zero Seychelles tax International Business Company (IBC) and

2) Low-tax Special License Company

The different between the two is that the first pays no Seychelles tax on income generated overseas, while the second pays 1.5% on income generated overseas.

The Special License Company is a tax-resident in Seychelles Company, that sometimes might lead to easier business undertaken overseas, and can take advantage of the Double Tax Treaties that Seychelles has with several other countries.

However in terms of competitiveness with incorporation in other countries, a Tax-Free International Business Company in Seychelles is considered one of the best. Not only is the Seychelles International Business Company [IBC] easy to form, but there are also other perks with having a tax haven company in Seychelles. Investors benefit from:

* Fast services

* Low cost of incorporation seychelles

* Strict confidentially protected by law

* No information-sharing agreements

Companies can be registered in English or French, and the name of the company can be in any language so long as it has a subsequent translation.

The other advantages that Seychelles offshore company formation entails the following:

* There is no minimum capital requirement for a zero Seychelles tax company.

* A Seychelles company is extremely flexible in many ways, for example an IBC can choose if or if not to hold annual meetings, directors meetings are not a requirement however they can be held in Seychelles if desired

* IBCs only need one director - more if desired - however this is not a requirement

* IBCs can have directors and shareholders of any nationality and be residents of any country

* The IBC can engage in business which is legal in any country and in whatever currency, however business can't be undertaken with residents of Seychelles

One of the best aspect about having a seychelles offshore company formation is the no tax policy. IBCs are completely exempt from all taxes on income derived outside of the Seychelles.

Investing in Seychelles offers so many advantages. Enjoy stringent privacy, see your wealth increase, open bank accounts in your companies name and everything is possible in Seychelles with easy process to undergo. Be reminded that Seychelles is not only a tax haven but also a tropical haven that offer an ideal lifestyle.

The capital of Seychelles is Victoria and they uses rupee as their currency. There are three official languages that Seychelles uses that include French, English, and Creole. The total land that Seychelles occupy entails an about 455.3 square kilometers with the population of 81,000.

The Governance of Seychelles is Republic and well known as member of Commonwealth, La Francophonie, the United Nations, and the African Union. The President is the head of state. Seychelles was initially colonized by the French; however in 1814 it became territory of Britain. In 1976 Seychelles achieved its independence from Britain. Today Seychelles enjoys her independence while being a republic in the commonwealth.

The Republic of Seychelles offers everything from attractive investment opportunities to fun recreational activities.

Article Source: http://articles.tiptopweb.info

Ramapati Singhania specializes in creating and managing web businesses. His latest website www.seychellesoffshoreconsulting.com focuses on helping you to incorporate offshore companies in Seychelles.

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Seychelles Tax | Seychelles Tax Information