GFA TRUST uses daily the formation of Seychelles as one of the most preferable offshore jurisdiction around the world. The Republic of Seychelles is a tremendously attractive and beneficial jurisdiction for company formation, due to several factors, including, its political stability and independence, the fact that it has not entered into the execution of any Tax Information Sharing Treaties, its secure offshore banking, high privacy standards, and the zero tax regime.
The type of company formed is that of an International Business Company (IBC) which is used as a vehicle for several business purposes, inter alia, for commercial transactions and international trading operations, as a forex corporation, for import/export activities, etc.
The incorporation process takes 1 day. The tax on offshore profits and exchange controls are non-existent.
The jurisdiction’s Local Requirements are limited to the existence of a Registered Office/Registered Agent which/who is to be located in Seychelles with no obligation attached as to the presence of a local Company Secretary, Director or with the legal obligation that the meetings of the company take place in Seychelles, as the location of the Board Meetings, can be placed anywhere in the world as also the company’s administration. The minimum number of Directors and Shareholders is 1.
There are no Public Filing requirements in connection to the Director(s), Shareholder(s) and Ultimate Beneficial Owner(s) of the IBC, thus, ultimately safeguarding to the maximum the personal information of all parties interested. Furthermore there are no Annual Filing Requirements attached i.e. there exists no obligation for the submission of the company’s Annual Return or Audited Accounts.
The issuance of bearer shares and company re-domiciliation is permissible, as also, the acquiring of shelf companies and the appointment of Corporate Directors.