Republic of Seychelles is an island country forming of 115 islands located in the Western Indian Ocean and about 1,600km from Africa. Seychelles belongs to tropical rainforest climate. During the cool session, the average temperature is about 24°C (75°F)in July and August. March and April are the hottest months, but the temperature does not exceed 31°C (88°F). Tourism is the largest economic pillar, the vast ocean spreads over Exclusive Economic Zone over 1 million km2 and it has rich fishery resources.
Seychelles is the member of World Trade Organization (WTO), We can use a Seychelles IBC company to set up trading company or factory in Vietnam, to enjoy the benefits of WTO members – to conduct local wholesale or retail business activity of a foreign own entity in Vietnam. Seychelles, Belize and Malaysia-Labuan are all WTO member countries.
Key Features
Seychelles offshore company is incorporated under the International Business Company Act, 2016. The features are as below:
| 1. |
Can apply Seychelles TIN. |
| 2. |
English is the main language in Certificate of Incorporation, Chinese or other language can be included. |
| 3. |
Only one director and shareholder is required. |
| 4. |
Foreign individual or corporation can be the director and shareholder |
| 5. |
Fixed license fee of US$150 regardless of the registered capital. |
| 6. |
Directors and beneficial owner information needs to be filed with the registry but is not publicly disclosed. |
| 7. |
Seychelles IBC are taxed on a territorial basis and tax exempted for foreign source income. |
| 8. |
No requirement for Annual General Meetings. Director and shareholder meeting can be held at any place. |
| 9. |
No minimum registered capital requirement. |
| 10. |
Required to maintain accounting records in Registered Office.
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