An Offshore Company in Seychelles, Gibraltar or Anguilla: Make a Choice

Seychelles is one of the few remaining ‘true’ offshore jurisdictions. There are no corporate taxes, no reporting requirements, no currency control, and so on. Seychelles really boast some advantages that are not available elsewhere and the jurisdiction is highly attractive for international entrepreneurs.

Seychelles has earned a strong reputation in the business world and become a global financial center where a great number of large companies and their subsidiaries are registered. An important advantage of the jurisdiction is minimum economic substance requirements. You have to meet only two conditions: have a company office and a registered agent. Another weighty advantage is minimum reporting requirements. Besides, state support is readily available in the jurisdiction, nominee services are allowed, and the company registration fee is quite affordable.

Main advantages of registering a company in Seychelles

When you establish a company in Seychelles, you can enjoy the following benefits:

– Confidentiality;

– An opportunity to hire a nominee company director;

– The privacy of corporate information is protected by the legislation;

– There are no requirements to the charter capital;

– Shareholder meetings can be held anywhere in the world;

– The company registration procedure is straightforward;

– Minimum requirements to company directors and shareholders;

– No need to declare commercial property;

– Fiscal information confidentiality;

– Flexible company management;

– No currency control;

–  Seychelles are on the ‘white list’ of jurisdictions notwithstanding its offshore status;

– International companies are exempted from all taxes;

– The jurisdiction is politically stable;

– It also has a stable economy;

– No financial reporting is required;

– No tax inspections;

– No audit requirements;

– Nominee services are legal;

– The company register is closed to the public;

– The company registration process does not take a long time;

– The company establishment costs are low.

The legislation of Seychelles is based on French and British laws. International business is governed by the International Commercial Companies Act passed by the Seychelles Parliament in 1994.

The largest part of revenue comes to the national budget from tourism and company registration and registration extension fees. In this connection, the local authorities do everything they can to make the business environment comfortable. You can use multiple offshore schemes if you have a company registered in Seychelles. Please visit the International Wealth web portal to learn more about the advantages of registering an offshore company in Seychelles.

A company in Gibraltar

This jurisdiction is highly popular with foreign investors. And there are some good reasons for that including the following ones:

– Offshore companies registered in Gibraltar are not taxed in the jurisdiction if they do business abroad;

– They have free access to banking services in European countries;

– Gibraltar has a favorable geographical location;

– If you enter business agreements with residents of Gibraltar, the tax rate is only 10%;

– English is the official language in the jurisdiction;

– It is possible to use nominee services in Gibraltar.

Some additional reasons why you should consider registering a company in Gibraltar include the following ones:

– There is no currency control;

– No inheritance tax is charged;

– No dividend tax;

– Foreign income is not taxed;

– You can register an offshore company in Gibraltar remotely;

– No requirements to the charter capital;

– You can re-domicile your company to Gibraltar from another jurisdiction.

At the same time, you have the meet the following requirements to be able to use all the benefits that Gibraltar offers:

– Have no financial connections with the jurisdiction;

– Have no bank accounts in Gibraltar;

– The company owners and shareholders have to be non-residents of Gibraltar;

– Engage in no business activities on the territory of the jurisdiction;

– Make no business deals with residents of Gibraltar;

– Certain types of business activities require licenses (banking, fund management, insurance, etc.). If you acquire a license, you automatically become a tax resident of Gibraltar.

As you can see, Gibraltar has both pluses and minuses.

Pluses of Gibraltar:

– No taxes for offshore companies;

– Great opportunities for growing your business;

– A good international reputation of the jurisdiction;

– Free capital repatriation;

– Political stability;

– Access to large international banks;

– You can own a ship and fly the flag of Gibraltar.

Minuses of Gibraltar:

– Company maintenance is comparatively more expensive in Gibraltar that it is in some other jurisdictions;

– Beginning 2019, economic substance requirements have been in place;

– The company register is accessible for the public but nominee services are allowed;

– Resident companies have to file annual reports.

A company in Anguilla

Anguilla’s popularity with international entrepreneurs has been growing in recent years. If you register a company in the jurisdiction, you can engage in active business operations all around the world. Fast economic growth, flexible fiscal legislation, various state support programs, incentives for foreign investors – these factors contribute to rapid development of Anguilla’s economy. There you will find everything you need for business operations that can bring substantial profits. The number of people wishing to register or buy a ready-made company in Anguilla has been growing.

The main advantages of Anguilla include the following ones:

– Stable internal and external policies;

– A stable economic situation;

– A strong international reputation;

– Rapid company registration;

– Ease of doing business;

– Lack of taxes for offshore companies;

– A high level of confidentiality protection;

– An opportunity to register a company in Anguilla remotely;

– No reporting requirements;

– An opportunity to use nominee services;

– Annual shareholder meeting can be held in any country;

– It is possible to buy a shelf company in Anguilla;

– There is no corruption in the jurisdiction;

– No currency control;

– It is possible to engage in all legal types of business activities with a company registered in Anguilla as long as you do not perform any business operations on the island;

–  The crime rates are low in Anguilla;

– The infrastructure is advances;

– The political situation is stable;

– The process of company registration is fast and simple;

– Banking and legal services are readily available in Anguilla;

However, one minus is associated with Anguilla too. The matter is that it is not an independent country but an overseas territory of Great Britain

Certainly, you could consider other offshore jurisdictions for registering a company but Seychelles, Gibraltar, and Anguilla look especially inviting.