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Seychelles

Seychelles is an island country in the Indian Ocean. The country consists of 115 volcanic and coral islands, only 33 of which are inhabited.

Seychelles were occupied by France and later by the United Kingdom, to gain independence in 1976 within the Commonwealth of Nations. Seychelles is a democratic country with stable political and economic situation.

Seychelles is one of the most popular jurisdictions for doing business, as International Business Companies (IBC) companies formed there are fully exempt from taxation, and the legal system is simple and clear, thanks to which managing a company is easy. Seychelles has transparent and modern regulations on financial and corporate services that are based on British solutions.

The official languages are Seychellois Creole, French and English, which makes the country attractive both for Anglo- and Franco-phonic investors. The official currency is Seychellois rupee (SCR).

 

The most popular type of companies in Seychelles is International Business Company (Seychelles IBC). Company activity was regulated by the Seychelles International Business Companies Act (Seychelles IBC Act) of 1994. The legal system is based on British common law and French civil law.

Internal company matters are regulated by Articles of Association. Every company has to have a name, a registered address in the territory of Seychelles, at least one shareholder and director. There is no obligation to have a company secretary. Companies have to be established by licenced agent who are obliged to keep the data of the beneficiary owners confidential.

There are no minimum or maximum share capital requirements for Seychelles IBCs, but typically their share capital is in the amount of 10 000 USD (there is no requirement for the capital to be paid). Shares may be issued with or without par value, with or without voting rights. Bearer shares are allowed.

To establish a company, you need only one director and one shareholder, who may be the same person – physical or legal. This may be a non-resident or a foreign company. Director and shareholder data is not public.

Every company registered in Seychelles has to have a name different from the names of the already existing entities. Company name may include any endings, including: Limited, Ltd, Corporation, Co, Inc, SA, GmbH, AG. It may not, however, include the words: assurance, bank, Chamber of Commerce, insurance, imperial, foundation nor any other words suggesting the company is linked to the Seychellois government or other country’s government or its meaning is misleading or offensive.

Every company has to have a registered address which has to be located in the territory of the country.

Management board and shareholders’ meetings may take place in any country in the world, including Seychelles. It is also allowed to hold meetings by phone, Skype or other means of communications.

Seychelles IBCs, to maintain its offshore status, are not allowed to conclude transactions with companies that have their registered office in Seychelles, own real estate in the territory of the country or conduct bank and insurance activity and other activity specified by the local law.

Seychelles IBCs are typical international offshore trade companies, which means capital gains and dividend incomes from offshore activity are completely exempt from taxation. There is also no personal income tax or stamp duty. In practice, this means companies do not pay any tax. That is why Seychelles are commonly regarded as a tax haven. In place of taxes, there is an annual licence fee of 100 USD.

Accounting is obligatory, but accounting books of Seychelles IBCs may be kept at any address and are not subject to audit, there is no obligation to submit annual financial reports either.

Seychelles is a country with stable economic situation and the highest, after Mauritius, GDP per capita in Africa – 7800 USD.

The economy is based on tourism, which brings 70% of budget revenue and employs 30% of the population. A significant pillar of the economy are services, including financial services and providing services to companies that are registered here.

The main exports are vanilla, cloves, cinnamon, tobacco and coconut.

Thanks to advantageous tax policy, internal investment has grown significantly in the recent years, especially in the financial services sector and the hotel industry.

The main trading partners of the island country are USA, United Kingdom, France, South Africa, Singapore and Japan.

Seychelles is a democratic republic which gained independence from the United Kingdom in 1976, remaining a member of the Commonwealth. The official head of state is British Queen Elisabeth II, yet the country is not subject in any way to the British Crown. The legal system is based on British common law and French civil law. The current constitution was enacted in 1992.

Seychelles has separation of powers and a multi-party political system.

The country belongs to many international organisations, such as: ACCT, ACP, AfDB, the Commonwealth, ECA, FAO, G-77, IBRD, ICAO, ICFTU, Red Cross, IFAD, IFC, ILO, IMF, IMO, InOC, Interpol, MKOL, ISO, NAM, OAU, OPCW, SADC, UN, UNCTAD, UNESCO, UNIDO, UPU, WCL, WHO, WMO, WToO, WtrO.

Bank activity is subject to the Central Bank of Seychelles pursuant to Financial Institutions Act of 2004, as amended. The act stipulates the terms of issuing licences to offshore banks, remaining certain flexibility that is to guarantee banking sector development. Banks are legally obliged to protect clients’ data and maintain certain confidentiality, criminal investigation being the only exception.

The following commercial banks are present in Seychelles: Bank AL Habib, Bank of Barod, Bank of Ceylon, Barclays Bank, Wittelsbach Princely Trust Bank, BMI Offshore Bank, Habib Bank, Mauritius Commercial Bank, Nouvobanq, Seychelles Commercial Bank.

Welcome message

ShelfCompanies24.com is one of the leading providers of ready made companies and special purpose vehicles (SPVs) as well as other investment structures delivering outstanding service at very reasonable prices and at highest speed. We have setup and sold hundreds of companies. Our company is considered trustworthy and reliable by our clients as well as by many professional law firms and tax advisers.

What is very unique in our style of operation is the fact that we have our ready made companies already registered in many various addresses in Poland. All other providers have one address where they keep their shelf companies registered so that client wishing to buy more than one company with different address cannot be satisfied.

Many competitors may be offering lower prices however this always is at the expense of service and provided company quality. Our core activity is company formation in Poland and sale of ready made companies thus all members of our team have appropriate professional background. Our shelf companies are formed in accordance to all relevant laws and procedures by the team of qualified and experience professionals and lawyers. On the other hand the maintenance of our ready made companies is performed by licensed and proficient accountants and tax advisers. Therefore our clients can be sure that Polish shelf company they buy from us is clean, with no debts or tax issues, is formed professionally and its Articles of Association are of high quality.

Our main clients are private investors, traders, law, audit, accountancy and tax advisory firms as well as banks and investment funds. Throughout the years of activity Shelfcompanies24 has been enjoying the reputation of the fastest and most responsive shelf company provider in Poland.
Our ready made companies have been formed and maintained by our team. Therefore we always guarantee their quality and that they are debt free, with no trading history and consequently riskless to build new ventures on.

Our services do not finish on the sale of Polish shelf companies. We provide also many other related and necessary services so that we can be treated as a one stop shop in a business setup in Poland. We are also experts in tailor made company formation in Poland as well as compliance and registering various changes within the company like director appointments and dismissals, company name change, share capital increase or decrease, company address change and many other issues.

We also provide tax and legal advisory services that are inevitably required by the businesses in Poland. We cooperate with many reputable tax and legal advisory firms whose services we can also recommend when the nature of the problem requires certain field specialist engagement.

For those clients who have a need to present their companies documents in foreign countries we provide apostille and translation services. After company sale documents can simply stay with us for the purpose of their apostille or legalisation and sworn translation to any desired language. This service is mainly required when there is a need to open a foreign bank account for a Polish shelf company.

Furthermore we have agreements with many different accounting offices so that we are able to offer a wide choice of the particular accountant that will be dealing with client’s company. Also in case two or more of our clients are trading partners we can ensure that their books will be handled by separate and independent accountants.

Ultimately we can also support with a procedure of liquidation/bankruptcy of a company if a client wishes to withdraw presence from Poland. In this case we can either manage the process of liquidation or bankruptcy on client’s behalf or simply just dispose the assets and takeover the company so that the clients can enjoy fast exit.

Testimonials  

  • The company delivered a ready-to-go business, with VAT and EU VAT registration. Paperwork and the whole re-registration process was handled efficiently. I recommend this to anyone looking for a no-hassle company acquisition.

    Lionel Ronald

  • Company name of your choice? Check. Accounting services? Check. Help with tax authorities? Check. Finding a translator? Check. What can I say, these people are great and can help you with just anything.

    Sarah Duke

  • We needed to start building our presence in Poland fast, and a ready-made company seemed like the best option. We got presented with several location choices, picked the company name, signed some paperwork and were good to go. We got a company that was VAT-registered, with multiple bank accounts, just as we wanted.

    Jon Kim

  • Thank you for all the help. Your after-sale support is what sets you apart from the competition. It was important for me to get comprehensive company services at one place, with accounting, banking, tax issues handled for me, etc. I got everything I needed.

    Garret Lopez

  • I really recommend this website if you are looking for a shelf company in Poland. The companies are already registered, with no history and all documentation in place. This is really a great solution if you want to start your business ASAP. And the range of available post-sale services is just amazing.

    Francis Klein

  • Thank you for your support! Your advice was invaluable. Polish tax and legal provisions can really be a pain in the neck, but with your help I am able to get going.

    Eugene Syracuse

  • Not only did we need a new company, but also someone to take care of our accounting and compliance. Now, we must say ShelfCompanies24 helped us to transition smoothly into the Polish market. Good work, guys!

    Samantha Earthling

  • The company indeed delivers what it promises. I was able to start business in less than no time, with all the formalities taken care of by a super nice team of people. This is a good stop if you want a ready-made company operating in Poland.

    John Mathews

Latest News

 

2016 Regional Competitiveness Index

Beata Andziak  Comments (0)
The European Commission published the 2016 edition of its Regional Competitiveness Index. The index, prepared for the third time in history, presents detailed information on the development of all regions in the European Union. The...

Our Team

Elżbieta Jagieła

Company
Director

Elżbieta has graduated from Cracow University of Economics. Her specialization was Economy and Management. Elżbieta supervises the whole business activity of ShelfCompanies24.com and manages all company’s affairs.

 
Beata Andziak

Company Formation Specialist

Beata has graduated from Wrocław University as well as Collegium Civitas Warsaw. At ShelfCompanies24.com Beata is responsible for company formation, shelf companies, foreign bank accounts and customer service.
 
 
 
Piotr Wrzesien

Customer Service Specialist

Piotr is a graduate of Lazarski University Warsaw. He has completed a master degree studies in the field of Economy. At ShelfCompanies24.com Piotr is responsible of customer service, logistics as well as relationships with the banks.
 
 
 
Maciej Alba

In-house
Lawyer

Maciej is a graduate of Law Faculty at University of Gdańsk. He is currently is an attorney trainee. He also studied in Spain as an exchange student at Universidad Publica de Navarra. At ShelfCompanies24.com Maciej takes care of compliance and company registry issues.
 
Michał Pankiewicz

In-house
Lawyer

Michal has completed a master degree in law at University of Lublin as well as postgraduate studies at University of Warsaw with specialization company law. Currently he is a legal counsel trainee. At ShelfCompanies24.com Michał is responsible for preparation of company registry documents as well as other legal advice.