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Profel is a member of the Terraserve Group 

PROFEL is a firm specializing in the establishment, registration, and administration of companies in international jurisdictions and in the provision of professional services for the achievement of a successful business profile with optimal profitability.

Seychelles

The Seychelles is a group of about 100 islands in the Indian Ocean. It has a population of around 80,000, descended primarily from French settlers, Africans, British sailors, and traders from the east.

Seychelles is an independent republic within the British Commonwealth. Seychelles started modern constitutional changes in 1960.  The Seychelles economy is primarily based on tourism and fishing. The rapidly expanding financial sector, linked to the establishment of the Seychelles International Business Authority and a suite of progressive laws facilitating the establishment of offshore structures while encouraging inward investment, is now a significant element of the economy. The official languages are English, French, and Creole with English being the main language of business.

Local currency: Seychelles Rupee. Exchange controls do not apply to 'offshore' business.

The legal system of Seychelles is based on English Common Law and French Civil Law.

Seychelles Company Description:

Type of Company for International Trade and Investment: The Seychelles International Business Company.

Restrictions on Trading: Cannot trade within the Seychelles or own real estate there. Furthermore they cannot be involved in the business of banking, insurance, assurance, reinsurance, fund management, and asset management (other than the company's own assets). A Seychelles IBC cannot provide registered office facilities in the Seychelles, or sell its shares to the public.

A Seychelles incorporated Company has the same powers as a natural person.

Registered Office Requirement:  Yes, must be maintained in the Seychelles at the office of a licensed Registered Agent.

Annual Licence Fee: US$100 irrespective of Authorised Capital.

Financial Statement Requirement:  No, but a company must keep records to reflect its financial position.

Minimum number of Directors: One, natural person or a body corporate, of any nationality and need not be resident in the Seychelles.

Company Secretary Requirement: No, although it is customary to do so, a natural person or legal entity, be of any nationality and need not be resident in the Seychelles.

Minimum number of shareholders requirement: One.

Corporate Characteristics:

Type of entity:     IBC
Type of law:     English & French combination
Shelf company availability:     Yes
Minimum government fees (excluding taxation):     USD100
Taxation on foreign income:     Zero
Double taxation treaties:     No
Standard share capital currency:    USD
Minimum paid up:     USD1
Usual authorised:     USD 100,000
Minimum number of Directors:     One
Local required:     No
Publicly accessible records:     No
Location of meetings:     Anywhere
Minimum number of shareholders:     One
Publicly accessible records:     No
Location of meetings:     Anywhere
Company Secretary Requirement: No
Local or qualified:     No
Requirement to prepare accounts:     Yes
Audit requirements:     No
Requirement to file accounts:     No
Publicly accessible accounts:     No
Requirement to file annual return:     No
Change in domicile permitted:     Yes