Seyachelles
Due to its low price and maintenance costs, a company in the Seychelles is an ideal solution for doing international business. In the Seychelles, your company is exempt from paying taxes and reporting.
The main characteristics of the companies:
-No minimum share capital requirement
-Minimum number of directors is one (non-resident and corporate director allowed)
-Confidentiality and Asset Protection: No shareholder, beneficial owner or director details required to be submitted to any Seychelles government registry
-Ease of management: no requirement to file financial statements or annual income statement of a company in the Seychelles. Despite this, registration agents require records to be kept at the address where the company’s records are kept.
The main advantage of this jurisdiction is the territorial system of taxation. In the Seychelles, only profits derived from business directly on the islands are taxed. Income earned outside the islands is exempt from taxes – even when transferring all earned abroad to the local island bank. Instead of a tax, there is a fixed annual state fee.
Advantages:
-Low cost of company registration;
-New and developing legislation;
-The customer can use the nominee service;
-There are no reporting requirements in the Seychelles;
-There is no need to have a resident secretary;
-Conducting trade outside the state is not limited by the legislation of the Seychelles.