Seychelles.

MITCO currently operates in three (3) international financial centres namely Mauritius, Dubai UAE and Seychelles.

Through strategic partnerships, MITCO is also able to offer a full set of corporate services for structures in BVI and other financial centres.

Multijurisdictional Set-up - Dubai Mauritius

Through strategic partnerships, MITCO is also able to offer a full set of corporate services for structures in BVI and other financial centres.

Multijurisdictional Set-up - Dubai Mauritius

Seychelles.

Seychelles is an established and reputable international financial jurisdiction offering investors a range of sophisticated tax efficient products.
In Seychelles, MITCO provides corporate services for the administration and accounting of Seychelles International Business Companies.

Seychelles at a Glance

  • 115 islands

  • 3 million km2 Exclusive Economic Zone (EEZ)

  • 2018 estimated GDP per capita of $16,434

  • Population: 95,000 (2018 est.)

  • Currency: Seychelles Rupees (SCR)

  • A growing economy with expanding opportunities in Fisheries, Agriculture, Real Estate, Adventure Tourism, ICT and Energy

  • Double Tax Treaties with 28 countries

  • 1st in Africa and 28th in the world on the Corruptions Perceptions Index 2018
  • Ranked 2nd for the Mo Ibrahim Index of African Governance
  • Ranked 1st in Africa for Human Development Index.
  • Air connectivity to major hubs in Middle East, Europe, Africa and Asia
  • Politically and economically stable environment
  • Professional network of legal and financial experts
  • No foreign exchange controls
  • Established business and technical support with advanced telecommunication infrastructure
  • FATCA Compliant
  • Friendly legislation
  • Fiscal incentives for investments in some sectors like Tourism, Agriculture, Energy and Fisheries

Seychelles Products

The International Business Company (IBC) is a corporation incorporated under the Seychelles law.  A Seychelles IBC is exempt from any form of tax and withholding taxes in Seychelles. An IBC is a versatile legal structure and can be used to conduct any normal business.

Common uses of an IBC:

  • Asset holding and investments
  • International trading
  • International consulting
  • Re-invoicing

KEY FEATURES

Type of Law: Hybrid Law (English Common Law and French Civil Law)

Corporate Tax: 0%

Shelf company available: Yes

Double taxation treaty access: No

Stated Capital
Currencies: Any currency
Minimum paid up: USD $ 1

Director 
Minimum director: 1
Corporate director: Allowed
Resident director: Not compulsory

Shareholders
Minimum shareholder: 1
Corporate shareholder: Allowed

Company Secretary
Required: May or may not have a company secretary

Registered agent
Required: Yes

Registered office
In Seychelles: Yes

Financial Statement 
Requirements to prepare financial statement: Yes
Audit requirements: No
Filing of financial statement: Not Compulsory

Tax Return
There is no requirement to submit annual tax return

Banking
May hold bank account in Seychelles or in any other countries

A Seychelles CSL is a Seychelles domestic business company registered with Seychelles International Business Authority (SIBA) and issued with a Special Licence (CSL).

A CSL is liable to 1.5% tax on its worldwide income and it entitled to enjoy the benefits of the Double Taxation Agreements that Seychelles have established with a number of countries.

For more information, please contact us

Foundations established in Seychelles are governed by the Foundation Act 2009 (the ‘Act’) and regulated by the Financial Services Authority (FSA), described in the Act 2009 (The “Registrar”)

A Foundation is generally established to reflect the wishes of a Founder(s), who may be an individual, a trust or a corporate entity of any nationality or jurisdiction. The management of its investments and assets are handled by its Council members

For more information, please contact us

Seychelles.

Seychelles is an established and reputable international financial jurisdiction offering investors a range of sophisticated tax efficient products.
In Seychelles, MITCO provides corporate services for the administration and accounting of Seychelles International Business Companies.

Seychelles at a Glance

  • 115 islands

  • 3 million km2 Exclusive Economic Zone (EEZ)

  • 2018 estimated GDP per capita of $16,434

  • Population: 95,000 (2018 est.)

  • Currency: Seychelles Rupees (SCR)

  • A growing economy with expanding opportunities in Fisheries, Agriculture, Real Estate, Adventure Tourism, ICT and Energy

  • Double Tax Treaties with 28 countries

  • 1st in Africa and 28th in the world on the Corruptions Perceptions Index 2018
  • Ranked 2nd for the Mo Ibrahim Index of African Governance
  • Ranked 1st in Africa for Human Development Index.
  • Air connectivity to major hubs in Middle East, Europe, Africa and Asia
  • Politically and economically stable environment
  • Professional network of legal and financial experts
  • No foreign exchange controls
  • Established business and technical support with advanced telecommunication infrastructure
  • FATCA Compliant
  • Friendly legislation
  • Fiscal incentives for investments in some sectors like Tourism, Agriculture, Energy and Fisheries

Seychelles Products

The International Business Company (IBC) is a corporation incorporated under the Seychelles law.  A Seychelles IBC is exempt from any form of tax and withholding taxes in Seychelles. An IBC is a versatile legal structure and can be used to conduct any normal business.

Common uses of an IBC:

  • Asset holding and investments
  • International trading
  • International consulting
  • Re-invoicing

KEY FEATURES

Type of Law: Hybrid Law (English Common Law and French Civil Law)

Corporate Tax: 0%

Shelf company available: Yes

Double taxation treaty access: No

Stated Capital
Currencies: Any currency
Minimum paid up: USD $ 1

Director 
Minimum director: 1
Corporate director: Allowed
Resident director: Not compulsory

Shareholders
Minimum shareholder: 1
Corporate shareholder: Allowed

Company Secretary
Required: May or may not have a company secretary

Registered agent
Required: Yes

Registered office
In Seychelles: Yes

Financial Statement 
Requirements to prepare financial statement: Yes
Audit requirements: No
Filing of financial statement: Not Compulsory

Tax Return
There is no requirement to submit annual tax return

Banking
May hold bank account in Seychelles or in any other countries

A Seychelles CSL is a Seychelles domestic business company registered with Seychelles International Business Authority (SIBA) and issued with a Special Licence (CSL).

A CSL is liable to 1.5% tax on its worldwide income and it entitled to enjoy the benefits of the Double Taxation Agreements that Seychelles have established with a number of countries.

For more information, please contact us

Foundations established in Seychelles are governed by the Foundation Act 2009 (the ‘Act’) and regulated by the Financial Services Authority (FSA), described in the Act 2009 (The “Registrar”)

A Foundation is generally established to reflect the wishes of a Founder(s), who may be an individual, a trust or a corporate entity of any nationality or jurisdiction. The management of its investments and assets are handled by its Council members

For more information, please contact us