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Seychelles

IBC – International Business Company

IBC – an International Business Company – is the most commonly used official name for what is more popularly known as an “offshore company”. IBC is mostly incorporated entity under the laws of some jurisdictions as untaxed company which is not permitted to engage in business within the jurisdiction in which it is incorporated.

International Business Company might have most of the suffixes as follow (therefore they hold status IBC – you can chose any suffix you like to be used).

  1. Ltd
  2. Ltd.
  3. LTD
  4. LTD.
  5. Limited
  6. LIMITED
  7. S.A.
  8. Inc
  9. Inc.
  10. Incorporated
  11. GmbH
  12. Co
  13. Co.

 

All of these suffixes might be used for company formation in Belize, company formation in BVI, company formation in Seychelles.

Intellectual Property – Trademark: Seychelles

One of our customer request

Typically a trademark application takes 9 to 12 months to be processed and registered in Seychelles.  A trademark registration is for 7 years and may be renewed at the expiration of each period for 14 years thereafter.  A separate registration is required for each individual class.  Total cost for registration of one mark in one class is Euro.949.75 and the cost for the second class filed at the same time is Euro.713.25.  Renewal of one mark in one class is Euro.710.75 and cost for the second class filed at the same time is Euro.436.05.

Upon receipt of instructions and required documents, the application is filed with the Trade Mark Registry, whereby an application number is issued within a week.  The application is processed by the trademark office.  If the application is accepted, a notice of publication is issued.  The notice is published in the Official Gazette in Seychelles.  This is done by us, and the cost of same is covered in our registration fee providing the class specification is no longer than half an A4 page when published.  Opposition proceeding have to be initiated within 2 months from the date of publication in the official Gazette.  An application for the Certificate of Registration is made by our firm after the 2 months.  The term of validity of the trademark takes effect from the date of filing the application.

If you decide to appoint our company as your agent, for any application for registration of a Trade Mark, we require a duly certified authorization of agent duly completed as per attached.  The power of attorney must be submitted with the trademark application.  If you decide to proceed with registration of a trademark, you will need to provide us with eight (8) representations of the mark for each application.  The documents have to be in English or if any other language, must be accompanied by a certified English translation.

contact us for trade mark in Seychelles

Company search in British Virgin Island

 

What is a representative office?

If you have BVI company (or Belize, Seychelles).

If you company is struck-off for non payment in order for us to know the how long they were struck off from the Registrar, we have to conduct a Company search.

 

Company search – In conducting a company search, we will know who the registered agent is, what year was the company has been struck-off, what the authorised shares of the Company is and if there are any registered charges.

 

Is it possible to get to know the shareholders and directors? Only 25% of entities file information. It is voluntary.

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Seychelles offshore foundations – part II

COI - Certificate Of Incumbency

4.  The practical uses of a Seychelles Foundation

 (a)   Protection of personal wealth from financial and political stability of your domestic jurisdiction.

(b)Estate management, enabling one to plan and distribute the foundation assets through a central management system.

(c)  Tax planning purposes especially for inheritance assets.

(d)Corporate Control is maintained and monitored.

(e)  Employee share option schemes

(f)  Pension benefit plans

(g)  Charity groups

 

5.  What assets can be held in a Seychelles Offshore Foundation?

 There are several type of assets which can be held in an Offshore Foundation:

 ·   Shares and stocks for private and public companies or corporations

·  Bank deposits, bonds

·  Life Insurance Policies

·  Portfolios of investment plans

·  Real Estate

·  Life Estates

·  Intellectual Property such as Trade Marks, Patents and Copyrights

·  Personal Property

·  Assets of private Foundations

·  Art Collections etc…

 

6.  Advantages of Seychelles Foundations

 ·   They offer a no tax environment for offshore investors.

·  Seychelles Foundations are exempt from business tax.

·  Very high level of confidentiality and anonymity under Seychelles Law

·  Seychelles Foundations are an excellent corporate asset protection mechanism.

·  Seychelles Foundation can own multiple companies or corporations and assets with no restrictions as to what the assets can be.

·  Payment of reasonable compensation, whereby you are compensated for your services to the Foundation.

·  Can enforce set instructions (wishes) to be carried out in a similar way that a trust deed works.

·  No capital gains tax or taxes on business profits.

Definition of a tax haven

There is not clear an explanation what tax haven means however according to OECD it’s a country doesn’t follow the 4 criteria.

 

OECD (Organisation for Economic Co-operation and Development) has made a list of the most important criteria it considers when determining whether a jurisdiction is a tax haven or not.

 

These criteria (according to OECD) have been specified as follow:
1. no or nominal tax on the relevant income;
2. lack of effective exchange of information;
3. lack of transparency; and
4. no substantial activities of the taxpayer in that jurisdiction, (2) together referred to as OECD Tax Haven Criteria.)

 

OECD has formulated following groups where 84 jurisdictions have been assessed:

 

While List – jurisdictions that the OECD does not consider as tax havens.
Grey List – jurisdictions have partly implemented the OECD International Tax Standard.
Black List – no tax cooperation, there are currently no black list countries.

 

More information on: http://www.oecd.org

 

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Seychelles offshore foundations – part I

Seychelles offshore foundations - part II

1.    What is a Seychelles Foundation?

 

A Seychelles Foundation is a corporate alternative to the creation of a trust.  Once formed it becomes its own legal entity.  For a Seychelles Foundation to come into existence, it requires a “Founder” who is the person or Corporate body forming the Foundation, a “Protector” who is required to ensure management compliance in a similar way to how a trust operates, and a “Beneficiary” like the concept of a trust, is the person or group of persons benefiting from the Foundation and finally there is a requirement for “Council Members”.

 

There are however, no requirements for shareholders as in a company.

 

A Seychelles Foundation is a new legal entity, taking on its own legal personality.  As such the Foundation becomes the owner of the Foundation’s property.  Foundations are able to own multiple companies or corporations, assets, shares in companies and can leave instructions to be carried out in the same way as a Trust can.  Such wishes will be included in the Foundation Regulations.  This document is neither registered with any authorities in Seychelles or elsewhere nor is available to the public, thereby ensuring the utmost confidentiality in these details.

 

2.    Why create a Seychelles Foundation?

 

A Seychelles Foundation is a highly recommendable step to take in determining the protection of your assets.  It boasts a reputation for high levels of security and confidential legislation.

 

The Seychelles Offshore environment allows for structuring flexibility when it comes to forming foundations, such as the avoidance of reporting and auditing to external government agencies.

 

3.    Types of Seychelles Foundations

 

(a)     Public Foundations:  these are established by families, groups, etc.
(b)    Private Foundations: these are established by individuals, generally these are private investment foundations.
(c)    Government Foundations.
(d)    Hybrid Foundations: these can be established by any of the above.

Register foundation with Startupr.

What does it mean an offshore or being an offshore? Offshore company!

Offshore territory is any jurisdiction except your resident one ( where you currently live) mostly known for the legal, tax and financial benefits or from the company management point of view. It might be UK (not only UK others countries are offshore) once you live in Luxembourg or USA (not only USA others countries are offshore) once you live in China. It’s quite simple isn’t it?

 

To be offshore in banking industry means to have a bank account in  different country than you reside.

 

It would be fine to mention what does it mean to be “onshore”. Onshore might be regarded as the jurisdiction where a company is domiciled and in which it pays a significant rate of tax. There is even a term in resource management when founder comes to low cost country (e.g. as China) and will use the advantage of the low labor cost.

 

Nowadays, I would like to more stress not just the offshore or onshore matter but the globalization taking an effect in trading and IT industry. Tthere is now quite easy way to start your own business with really low costs as was mentioned before e.g.: open International Business Company  in Seychelles + find your product ( good or service) + set up web and launch business into 48 hours.

 

It’s simple, isn’t it? startupr.com

Seychelles as the low cost offshore jurisdiction

Seychelles offshore foundations - part II

If you have wondered what is the cheapest jurisdiction where you can register company, you might be pretty sure that Seychelles is the place where you can get lowest prices. Than it just depends on your perceptions why to use Seychelles jurisdictions. The local banking system doesn’t offer a lot of bank institutions for your company however you still might be interesting in Barclays which we recommend. If you don’t want to use local bank, please see our order list – section bank account services where you can chose banks as HSBC, Bank of Valletta, Loyal Bank or Cim Banque.

 

What services I should be aware of?

 

government fee: 100 USD (yearly renewal government fee)
registration fee (incorporation fee): 89
office address fee: 389 USD (mandatory (there is no need of local secretary)

 

Up to here your company is ready and might be used as an entity once doing business. The status of the company is IBC ( International Business Company) however you still need to receive money once you invoice your client for that purpose you should get Apostilled documents.

 

Additional services:
Apostilled documents (Memorandum and Articles of association (M&A), Incorporation document, Certificate of Incumbenncy, Certificate of Incorporation & Share Certificates) fee: 175 USD
Nominee director: 600 USD
bank account opening: from 89 USD

More: Business in Seychelles.

Register company in Sechelles.

Switch your company incorporation service to Startupr

What does "KYC" mean?

Are you Unhappy with high fees or irresponsible service from your current incorporation / formation provider?

 

Here are a few examples of our pricing policy:

 

Hong Kong:
– formation fee – 89USD + government fee – 600USD (since 1st of August 2011)
– registered office fee – 150USD
– company secretary – 150 USD
– annual return (gov fees included) – 60 USD

 

Note: These fees are mandatory once you are about to open your office in HK.
Read our HK option.

 

Seychelles:
– formation fee – 89USD + government fee – 100USD
– registered office fee – 389 USD

 

Note: Here is being consider a government fee as a yearly cost of 100 USD + our fee and registered office fee.
Read our Sey option.

 

Singapore:
– formation fee – 89USD + government fee – 270 USD
– registered office fee – 169USD
– company secretary – 550 USD
– local director 2000 USD

 

Note: SG address, local director and secretary are necessary in order to incorporate your company.
Read our SG option.

 

We do charge you for the service you order. NO hidden cost or additional charges. We are open with our pricing policy. Just open our order list where you want to incorporate and compare the structure and explanation text with our competitors. E.g. One of the typical hidden cost is an “annual return” or hire fees for next year of services. We will answer all your questions!

 

email: tomas[at]startupr.com

Seychelles

Seychelles International Business Companies (IBS) is one of the fastest IBC registrar in the world. Besides effective incorporation service offers unit trusts and other investment vehicles – recognized as an extraordinary foreign jurisdiction, under a tax efficient environment, introduced by the Mutual Fund & Hedge Fund Act 2008. Mutual Fund & Hedge Fund have been adopted by the Act from 2008 in order to attract an attention for those who would like to open an entity dealing with Professional Funds, Private Funds and Public Funds – ‘Exempt Foreign Funds’.

Main features & Advantages

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•    Zero Taxes
•    Secure offshore banking
•    Confidentiality is guaranteed by law
•    Low government fee at registration, and per annum thereafter
•    No minimum Share Capital required
•    Flexible corporate structure
•    No requirements on an Annual return or accounts

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•    Registered office in Seychelles

Type of entities

IBC Company – International Business Company is a tax-free corporation designed for engagement into all forms of international business.
CSL – Companies Special Licenses are subject to undertake the business of investment management advice and investment service.

 

Yearly requirements
•    Government fee