FAQ
What Does the Term "Offshore" Mean?
An offshore company is essentially the same as any other company. It can carry out the same types of business as companies incorporated in onshore areas, and like other companies, its shareholders’ liability is generally limited to the amount of capital they have invested in the company.
The major difference between an onshore company and an offshore company is the rate of tax applied by the government in the jurisdiction in which the offshore company is incorporated. Offshore companies benefit from a tax exemption status (no tax) or a capped tax status (low tax). Additionally, offshore companies are easier to administer and more confidential than onshore companies.
What can a Seychelles IBC be Used for?
IBCs may engage in any lawful business in any country and may carry on transactions in whatever currencies they choose. The Memorandum and Articles of an IBC company define the business activities in which the company can engage in.
What Taxes Do You Pay?
The Business Tax (Amendment) Act 2018 introduces a Territorial Tax System in Seychelles. As such, a Seychelles tax resident, including an IBC, is liable for Seychelles tax on any Seychelles-sourced income.
In a similar fashion, foreign sourced income or international profits made by an IBC are not taxable in Seychelles.
Are Your Services Confidential?
Christen Consult will respect and honour the privacy and the need for confidentiality of its clients, and will not divulge to any third party any information concerning its clients, without their prior written consent.
Pursuant to international regulations concerning the prevention of drug trafficking and money laundering, Christen Consult strictly implements Anti Money Laundering Procedures which comply with the laws, rules and guidelines issued by the Seychelles Government.
To this end, we are committed to undertaking a full and thorough due diligence of both our clients’ identities and the nature of their businesses. This formal approach to due diligence benefits both Christen Consult and our clients.
Can You Set Up Offshore Corporate Bank Accounts?
Yes, we set up corporate bank accounts for our worldwide corporate clientele. We maintain relationships with several banks located in major international and offshore banking centres, and our Banking Department is able to advise our clients as to which banks can best provide banking facilities suited to their business needs.
How Long Does It Take To Set Up A Seychelles Offshore Company With An Offshore Bank Account?
Within 24 hours provided all relevant documentations and fees are received. Shelf companies are ready immediately upon request.
Providing we have all the required documentation we can open a bank account in Seychelles within 48 hours.
What Proof Of Identity Is Required?
To establish the identity of all Directors, Shareholders and Beneficial Owners, clients must provide a copy of one of the following:
- Passport
- ID Card
- Driver’s Licence
These documents must be certified by either a public notary or a reputable bank.
What Proof Of Residence Is Required?
To establish the residential address of all Directors, Shareholders and Beneficial Owners, clients must provide a copy of one of the following:
- Any identification document (passport / ID Card / driver’s license) thats shows the full and current residential address.
- Bank statement /credit card statement from a recognised bank (not older than 3 months)
- Utility bill (telephone, electricity etc.) showing the residential address (not older than 3 months)
