Limited liability companies in Seychelles can be 100% foreign-owned and established in complete privacy if the shareholders want so. There are many benefits linked to the LLC registration in Seychelles among which we mention the tax advantages. The formalities in setting up a proprietary company (LLC) in Seychelles can be entirely explained by our team of specialists in company formation in Seychelles. The same team can provide foreign investors complete information about how to set up offshores in this jurisdiction.
What you need to know about a proprietary company in Seychelles
In 2024, limited liability companies can be registered in compliance with the Companies Act of 1972 and are known as proprietary companies for which the name must contain Pty. or Ltd. at the end. A proprietary company in Seychelles can be set up as a private company without any minimum share capital requirements and no imposed board of managers. The documents which stand at the base of a proprietary company in Seychelles are the Articles of Association which must comprise the name of the owners, the business address, the name of the registered agent, the purpose of the company, the signatures and the number of issued shares.
The company formation process in Seychelles can be solved in a fast and reliable manner if all the conditions are respected. Likewise, we can help investors set up proprietary companies in Seychelles in complete privacy.
Investors who want to open a proprietary company in 2024 must know that the incorporation can take around 4 weeks. For this company type, a corporate bank account must be set up at a local bank account, a procedure which can be completed in approximately 3 weeks.
Mind that the legal entity is liable to the payment of the local taxes, including the corporate tax, which, in 2024, is charged at 2 standard rates (15% and 25% – the first rate is applied for the first SCR 1 million and the second rate, for any sum above SCR 1 million). The owners of the company can also enjoy the tax benefits of the double tax treaties signed by Seychelles. With regards to the tax compliance procedure, the legal entity is required to submit annual financial reports and tax reports.
Upon the incorporation of this company type in 2024, investors must also apply for a business license, which is obtained from the Seychelles Licensing Authority, a procedure which can also be completed with the help of our team. Please know that the proprietary company can have up to 50 shareholders.
Once the company will hire employees, it is mandatory to register them for social security and for the pension fund within 7 days since the employment contract entered into force.
The benefits of a proprietary company in Seychelles in 2024
The main advantage of opening an LLC in Seychelles in 2024 is the favorable tax regime. LLCs in Seychelles can be 100% foreign-owned, and the name of the stockholders are not mentioned publicly. Moreover, proprietary companies in Seychelles are can be incorporated by our team of consultants, as investors are not required to arrive here in person for the registration procedures. As for the registration fees, these are low and payable in USD.
Why choose a limited liability company in Seychelles in 2024?
At the level of 2024, the Seychelles limited liability company is the preferred choice of a business form for both local and foreign investors as most of them are acquainted with it from their home states. This also occurs because shareholders will have limited accountability for the obligations and the debts of the company.
The company formation requirements for a proprietary company in Seychelles in 2024 are quite permissive. Our agents can provide more information on them.
For a better understanding of how a limited liability company (proprietary company) can be registered in Seychelles, we kindly invite you to contact our team of company formation specialists in Seychelles as soon as possible.