- West ID Ocean
- East ID Ocean
※Unit:square kilometer ※GDP unit:US$(2011)
Seychelles located in the heart of Europe, Asia and Africa, which is the main route between Asia and Africa. Being the smallest country with population of 89,000 in Africa, it has an area of 455 km2 . Creole is the national language, but English and French are also widely used in Seychelles. Tourism and fishery are the main sectors in the country. The capital Victoria, which is known as [tourism heaven], is an important hinge of Indian Ocean. Moreover, its Beau Vallon Bay is as famous as the beach of Hawaii. On the development report of U.N. in 2005, Seychelles was named as the most suitable country to live in. Due to the amendment of Co. ACT and the decrease fee on October, 2007, Seychelles has become more popular for offshore company than Mauritius and BVI.
Seychelles carries out the foreign policy of Adiaphorous, Non-Aligned and Neighborly. It keeps out of the Black-list of OECD. As a member of IOC, Non-Aligned Movement, African Union and COMESA, Seychelles also is the headquarter of IOTC. Seychelles has signed DTT with 18 countries including China, Vietnam, Thailand and Indonesia. It has convenient transport facilities. There are direct flights from Mah Island Airport and Prashn Airport to major countries all over the world.
Type of offshore company in Seychelles: International Business Company (IBC). IBC is an offshore tax-free company, which is similar with BVI and Belize such as: one director/shareholder, local director and Financial Report are not required, issue registered/ bear share with no paid up capital, US$1 per share. Company names can be in Chinese, English or other languages. But it requires a registered address and secretary. PPM can offer you those services. Seychelles has built diplomatic relationships with almost all major countries in the world and with embassies located there. Thus, the documents of offshore company can be notarized promptly. While documents of BVI company must be notarized by BVI Government, Foreign Affairs and Embassy in London.
It's no need to provide the details of registered directors/shareholders to the government, the files of beneficiary owner are in high confidentiality and nondisclosure. In Mauritius, directors/shareholders files can be easily accessed with the payment of US$120. According to the new Co. ACT of 2001, BVI bear share should be under custody with management fee from US$800 to US$1,350. Particulars of Director/Shareholder are easily accessed on the official website of Hong Kong and Singapore. CSL requires Financial Report and Financial Statement Audited by CPA. Major Banks in Seychelles:
1.The Mauritius Commercial Bank (Seychelles) Limited
2. Barclays Bank Seychelles Ltd
3. Bank of Baroda
4. Habib Bank Limited
5. Seychelles Savings Bank
7.BMI Offshore Bank (Seychelles) Limited
Bank A/C is a key issue for offshore company operation in int'l trading and overseas factory set up. In order to avoid the tax audit, local bank account should be avoided. Hong Kong, Singapore and Macau, with no limitation on foreign exchange and capital, are popular financial centers for offshore companies to open bank A/C. PPM could offer local invoice/
correspondent address and secretary services of tel/fax/mail forwarding in these areas. Thus, the shipping documents could match with the location bank A/C.
The Co. ACT has been modified by Seychelles in October, 2007. Regardless of the registered capital, the fixed Government Fee of IBC is US$100. Annual Government Fee is payable on the anniversary date of incorporation. Despite the similar function between IBC & BC (BVI); but it is a big different between government fee of both countries.