ACQUISITION OF A READY COMPANY IN THE SEYCHELLES

Why is the Seychelles an attractive jurisdiction for acquiring a ready-made company?

The current legal framework is based on the IBC Act 2016 (approved 6 August 2021). With this law, all offshore companies (IBCs) registered in Seychelles are allowed to engage in any business activity worldwide.

The type of company used for international business and investment – IBC (International Business Company).

The attractiveness of the Seychelles as an investment haven extends to taxation. Ready-made companies thrive in a tax system that has plenty of low corporate tax rates, VAT and many benefits that extend to capital gains.

The main advantages of buying a ready-made company are

• Fast process of company re-registration;
• Absence of requirements for minimum authorized capital;
• High level of confidentiality;
• Stable economy;
• Lack of currency control;
• Low costs of doing business;
• Availability of DTA – agreements.

How much can a ready-made company in Seychelles cost??

The costs associated with the acquisition of a ready-made company are built around many factors.

This includes, in particular, such aspects as the chronological age of the company, the complexities inherent in its structural architecture, the list of services that collectively form the volume of costs.

Although initially, the investment may seem higher than when creating an organization from scratch. The amount of time saved and immediate access to the market are strong arguments in favor of buying the company.

What is included in the cost of services?

The amount of expenses consists of the total cost of basic services necessary for easy transfer of ownership, and we can also offer additional services related to opening bank accounts, and organization of virtual offices.

What are the necessary documents and requirements?

• Documents required for the purchase of a ready-made company are identity documents, in particular, passports, and any other state documents.
• Also, it will be necessary to provide information on comprehensive verification in accordance with the requirements of regulatory authorities. This information may include financial statements, business relationships and background checks.
• It is necessary to describe in detail the history of your legal and business experience. This may include information about previous companies you have been involved with, as well as any legal issues.
• Depending on regulatory requirements, you may need to provide financial, tax reports and other documents.
• Depending on the purchase, you may need to provide proof of funds or financial ability to complete the purchase.
• Be prepared to undergo a background check, especially if the acquisition involves sensitive sectors or industries.
• Some documents may require notarization or authentication to ensure their validity.

In conclusion, I would like to add that in the next few years, Seychelles will be reforming legislation aimed at increasing business transparency in accordance with OECD recommendations. AML policy will be the main focus.

As a result, the Anti-Money Laundering Act and Beneficial Ownership (BOA) legislation have already entered into force in the country last year.