Republic of Seychelles Seychelles consist of an archipelago of about 100 islands in the Indian Ocean northeast of Madagascar. The principal islands are Mahe, Praslin, and La Digue. The Aldabra, Farquhar, and Desroches groups are included in the territory of the republic. The official languages are English and French, plus Creole. The capital and largest city is Victoria with population 23,000. Economy of offshore tax haven Seychelles is mainly tourism based. It is becoming a very popular destination for offshore investors, international banks and insurance companies due to adoption of the legislation facilitating the development of the offshore sector. Seychelles gained their independence from Great Britain in 1976. It is an independent constitutional Republic now within the British Commonwealth. Tax haven Seychelles has international airport with modern passenger and cargo facilities. All major carriers provide air services and regular schedule flights are to London, Paris, Dubai, Frankfurt, Rome, Madrid, etc. Offshore haven Seychelles is a good choice for your offshore investment as it provides political stability, tax-free income and profits, no taxes, no exchange control regime. Company Statute: International Business Company (I.B.C.) Taxation: From the day of offshore company formation IBC's pay no taxes or similar charges. Shareholders/Members: Normally one. Directors/Managers: Normally one. Registered Office Required: Yes. Activity & Name Restrictions: A Seychelles incorporated offshore company cannot trade within the Seychelles, cannot be involved in banking or insurance activity. Names must end with the following words, or abbreviations thereof, "Limited", "Corporation", "Incorporated", "Societe Anonyme", etc. The following words cannot be used: "Bank", "Insurance", "Royal", "Imperial" or anything that implies patronage of Seychelles or any other government, insurance, royal, imperial or any other name that may imply that a company intends to undertake a licensable or undesirable activity Annual Reporting of Company: No annual returns must be filed. There is no requirement to do annual audit. Information Available on Public File: Memorandum & Articles / Registered Office and Registered Agent. The information of beneficial owners is kept in the Registered Agent Office and is not open to the general public. Annual Report/Licence Fees: USD 100 Ready made companies available: Yes.

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