How To Start Offshore Company Setup In Seychelles?

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SEYCHELLES OFFSHORE COMPANY SETUP

There are two types of offshore products in Seychelles, IBC (International Business Companies) and CSL (Special Licence Companies).

KEY FEATURES OF IBC:

  • Is tax-exempt
  • Has access to Seychelles network of Double Taxation Treaties
  • It must be administered by a management company
  • Has minimum statutory and filing requirements
  • Minimum Shareholder and Director required: One
  • No maximum or minimum authorized share capital is prescribed and can be in any currency

KEY FEATURES OF CSL:

  • Is taxable at a rate of 1.5% on world-wide income
  • Has access to Seychelles network of Double Taxation Treaties
  • Is tax resident in Seychelles
  • A Seychelles resident license company secretary required
  • 10% of the authorised share capital must be issued and paid up

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Mainland Company Setup

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Complete exemption from corporate tax
Possible to operate from UAE
No Capital requirements
No currency restrictions
Employment visa processing made simple
Repatriation of profits and capital
No audit requirements
Minimum responsibility and maximum benefits
Single person can open up an LLC
The maximum number persons or employees an LLC can have is 50
Corporate bank account in UAE
The UAE Companies law does not prescribed any minimum share capital but the entity should have adequete capital to achieve the incorporation purpose. Normally accepted minimum share capital for an LLC registered in Dubai was AED 100,000.

Presently, there is no requirements to deposite the share capital in UAE local bank.

Draft the MOA and AOA
Help in obtaining approval from DED
Registering the company name
Acquiring out an office space