Corporate Structures

Seychelles company registration: Filing the Register of Directors and Register of Beneficial Owners

3/29/2024 8:00:00 AM
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Where is Seychelles and what can I do here? If you haven’t heard about this jurisdiction yet, then it’s time to get to know this archipelago. Although it’s located between 480 and 1,600 km from continental Africa, Seychelles is part of the said continent. 

Today we come back to the benefits of opening a company in this jurisdiction and the requirements for filing the register of directors in Seychelles. 

Since a compliant company is not negotiable for your financial structure, here are some guidelines, advantages, and characteristics of this African nation.

Seychelles business register: why establish in Seychelles 

The archipelago is formed by 115 islands which are subdivided into granite and coral islands, and Inner and Outer islands. Near to places like Madagascar, Comoros, and Mauritius, the Seychelles constitute a secluded paradise with a particular tilt for business. This is why Seychelles company registration is so popular in the corporate world. 

Besides its business-oriented environment, the country has other attractive features like its landscapes and UNESCO World Heritage Sites. You can visit the Vallée de Mai, also known as “the Garden of Eden”. This is a natural park with over 1,400 specimens of the Coco de Mer, a native palm tree from Seychelles. Another UNESCO site to enjoy is the Aldabra Atoll, the second-largest raised atoll in the world. Such a natural wonder lies next to a large, impressive lagoon, making this a landscape that you can’t easily forget.

Opening a company in Seychelles

So why do we talk about this archipelago? What is so special about these African islands? Seychelles is actually one of the main corporate-friendly jurisdictions in the world, offering financial incentives in a compliant environment. 

In other words, Seychelles offers everything a modern businessperson needs. Its friendly tax regime is surely an advantage as it allows foreign companies to optimize costs and design a convenient global tax strategy. 

Its legal system is another big plus as it is based and influenced by two important pillars: the French Civil Law and the English Common Law. Thanks to this the country’s legislation is robust and solid, two attributes that everyone is happy to find in a corporate hub. 

When taking a company abroad it’s vital to conduct proper research and find out whether the country has everything the structure needs. In Seychelles, businesses find an advanced, modern infrastructure in terms of banking, legal services, and commercial activities. Opening a company in Seychelles thus becomes an attractive endeavor. 

Finally, the country provides a stable political environment and safe surroundings also protecting corporate and individual information. 

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Directors in Seychelles: register and filing and why is this important

The answer to this question is simple: filing a register of directors in Seychelles is mandatory. Here lies the importance of the procedure. If the company wants to be in good standing, it must file the register of directors 21 days after incorporation or after the introduction of any key change into the structure. Failing to comply with such a requirement leads to a 5,000-dollar penalty. 

Other aspects of Seychelles company registration 

Corporate tax in Seychelles is implemented at a 35% fixed rate and there is a progressive rate for corporate income tax ranging from 0% to 15%. Moreover, the company can benefit from numerous incentives and DTTs. VAT is only 15% and is applied to imports, goods, and services. 

Opening a company in Seychelles requires a local director who can be of any nationality, and appointing a local secretary is not mandatory. While auditing is not an obligation, the company must keep up-to-date financial records, present an annual report about the current status of the company, and inform any change that might have been implemented. 

Disclaimer: This article does not constitute or replace financial or corporate advice. Instead, it provides general information which may not be updated. Before making any important financial decisions always consult with a certified professional. 

Mundo helps you with your Seychelles register 

Mundo is formed by a group of experts and professionals dedicated to company registry, bank account opening, investment migration, and real estate, among other services and products for the global businessperson. 

Seychelles business register is one of the pearls in our necklace thanks to its financial and tax advantages. That’s why we recommend it for those who need a reliable corporate solution abroad. 

Furthermore, we offer services in Panama, Singapore, Nevis, Vanuatu, and Caribbean countries with citizenship by investment. The trust and the foundation are also present among our assortment of tools that can be used to build a person’s financial plan. 

Opening a company in Seychelles is an outstanding option if you are heading in this direction and Mundo can help you reach the desired goal. All you have to do is contact us and start your journey into corporate freedom. 

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