A.C.T Offshore

Licenced And Regulated In Seychelles

Facebook Linkedin Instagram

WhatsApp or SMS (Messaging):

+248 2632111

Logo of A.C.T. - Offshore showing 3 wheels working together
Partner With Us
Get A Quote Now

Blog

How to Setup an Offshore Company?

2 Comments / Blog / By

1. What is an Offshore Company? Think of an offshore company like a beach house you own in another country. It’s legally yours, but it’s not in your neighborhood. An offshore company is a legal business entity set up outside your home country, often for tax efficiency, privacy, or international operations. Read Also:- Offshore Company Formation- Simple, Private and Affordable 2. Why Consider an Offshore Company Setup? So, why go offshore? Here’s the scoop: If you’ve ever wished to escape the heavy hand of local business regulations, Offshore Company Setup might be your golden ticket. 3. Popular Offshore Jurisdictions Just like tourists have favorite vacation spots, entrepreneurs have favorite offshore destinations. Some popular ones include: Each offers its own benefits like low costs, strong privacy laws, or ease of setup. 4. Choosing the Right Country for Offshore Company Set up Picking a jurisdiction is like choosing a university. You want one that fits your goals. Tip: Compare based on tax laws, reporting requirements, and startup costs. 5. Step-by-Step Guide to Offshore Company Formation Here’s the simplified playbook: Step 1: Choose Your JurisdictionPick a country that aligns with your needs. Step 2: Select a Business StructureMost offshore companies are either IBCs (International Business Companies) or LLCs. Step 3: Hire a Registered AgentThis is your local representative in the chosen jurisdiction. Step 4: Submit DocumentsUsually includes ID, proof of address, and application forms. Step 5: Register with the GovernmentYour agent does this part. Once approved, you get your incorporation certificate. Step 6: Open a Bank Account(Optional but recommended) in the same or another country. Step 7: Maintain ComplianceAnnual fees and minimal reporting keep your company active. 6. Documents Required for Offshore Company Setup You won’t need a mountain of paperwork, but here’s what’s typically required: Some jurisdictions may ask for more, some less. 7. Legal Aspects & Regulations You Must Know Let’s keep it real—this isn’t the Wild West. Even offshore companies have rules: The takeaway? Go legit. It’s the smart and safe way. 8. Offshore Bank Accounts: Do You Need One? Not always, but having an offshore bank account offers perks: Banks in the same jurisdiction as your offshore company usually make the process smoother. 9. Common Myths About Offshore Companies Let’s bust some myths: 10. Costs Involved in Offshore Company Formation Cheap Here’s a breakdown of potential costs: Yes, Offshore Company Formation Cheap is possible—especially in places like Seychelles or Belize. 11. Offshore Company vs. Onshore Company Feature Offshore Company Onshore Company Taxation Low or zero Local tax rates Privacy High Limited Regulation Less strict More compliance-heavy Operating Cost Lower Higher If you aim to go global, offshore might be the smarter choice. 12. Who Should Set Up an Offshore Company? Not just big sharks—this is for: If any of this sounds like you, an Offshore Company Set up could be a game changer. 13. Pros and Cons of Offshore Companies Pros: Cons: It’s not a magic bullet, but for the right person, it’s a rocket ship. 14. How to Maintain Compliance Annually? Here’s your offshore to-do list each year: Think of it as light housekeeping—just to keep things running smoothly. 15. Final Tips Before You Begin The best part? Once you’re set up, managing your offshore company can be smoother than managing a lemonade stand in July. Conclusion There you have it—Offshore Company Setup in plain English. No confusing laws, no shady schemes. Just a smart way to build your business or protect your wealth. With a little planning, setting up your Offshore Company Set up can be as simple as planning your next vacation—just with way better returns. Frequently Asked Questions (FAQs) 1. Is it legal to set up an offshore company?Yes! Offshore companies are legal as long as they comply with both the jurisdiction’s and your home country’s laws. 2. How much does an offshore company cost to maintain annually?It varies, but generally between $300–$1000, depending on the jurisdiction and services used. 3. Can I open a bank account with my offshore company?Yes, many offshore companies open bank accounts in the same or different jurisdictions for easy transactions. 4. Do I have to pay taxes if I set up an offshore company?In many offshore jurisdictions, local taxes are zero or very low. However, you may still owe taxes in your home country based on your laws. 5. How long does it take to set up an offshore company?Usually 3 to 10 business days if all documents are ready and verified.

Offshore Company Incorporation Fast

1 Comment / Blog / By

In today’s global economy, businesses are continuously striving to expand at the least possible cost and maximise their operations. Among the best options for them is to use an offshore company incorporation. Setting up an offshore company can be beneficial to a business by offering favourable tax conditions, privacy, and access to international markets. Is your company at the threshold of incorporating an offshore company quickly? This blog will give you, in detail, how you can actually do it, its benefits, and considerations when choosing a jurisdiction for incorporation. What Is an Offshore Company? An offshore company is a legal entity set up outside the country of residence of the owner. In general, the offshore company is incorporated in a jurisdiction that provides tax advantages, minimal reporting requirements, and a high degree of confidentiality. These companies are mostly utilised for international business, asset protection, and minimisation of tax obligations. The owners of offshore companies can be individuals or businesses operating on an international scale. They are particularly popular among entrepreneurs and investors, and multinationals are keen to expand their reach with ease, not being bundled with the regulations at home. Choosing the Ideal Jurisdiction for an Offshore Company There are several factors to consider while choosing a jurisdiction for fast offshore company incorporation. Not all jurisdictions are created equal, and some may offer better advantages depending on your business goals. Here are the key criteria: Offshore Company Benefits There are lots of incorporation advantages of an offshore company. Here go some main advantages: Flexible Business Laws One of the major advantages of offshore company incorporation fast is flexibility in laws relating to business operations. In most offshore jurisdictions, there is minimal regulation, thus giving room for companies to operate more freely than in their home country.For instance, there are normally fewer restrictions on the following aspects: In this sense, flexibility in these and more areas allows business concern to concentrate most on growth and expansion rather than on numerous regulations at the cost of business building. Licensing Matters Depending on the nature of your business, you may be required to obtain various licenses to operate lawfully in a given jurisdiction. Certain overseas jurisdictions require lenient licensure, while other countries impose strict controls on particular industries related to banking, insurance, or financial services. This could also include researching licensing requirements within the jurisdiction in which one will be setting up operations; it is sometimes necessary to apply for a business license, which could affect how soon an operation can begin. Business Expansion Setting up an offshore company can be strategic in expanding one’s business. If a business sets up a legal entity in a country other than its own, it stands to gain in the following ways: Offshore companies give many business enterprises access to new opportunities and a stepping stone for growing their international footprints. Steps to open an offshore company If you seek to incorporate your company offshore in a hurry, here are general steps you will need to follow: Requirements to Incorporate an Offshore Company: The incorporation of an offshore company is normally smooth, but there are requirements that you will need to go through: Documents Included in All Offshore Company Incorporations Some documents are provided along with the incorporation process when one incorporates an offshore company. These documents are important in giving your business a legalised status: Conclusion: From optimisation of taxation and privacy to taking the business internationally, incorporation of an offshore company may offer quite a number of benefits. Knowing how it’s done and choosing the right jurisdiction can help you set up your incorporation fast and begin to reap the rewards. Whether you aim at protecting your assets, reducing your burden of tax, or simply expanding your operations into foreign territories, incorporation of an offshore company is one good way to achieve your aims in business.

Offshore Company Asset Protection

Blog / By

Offshore Company Asset Protection has become increasingly important in today’s global economy. Asset protection for offshore companies is one such technique. Transferring one’s assets to an offshore organisation as a way to keep them safe from any potential dangers can be understood as offshore company asset protection. Here we are discussing what offshore company asset protection is, listing several of its benefits, and providing some examples of how advantageous the technique can be both for individuals and companies. What is Offshore Company Asset Protection? The term ‘offshore company asset protection’ means that a business entity is created in a foreign jurisdiction. This organisation not only maintains and keeps an eye on the mentioned financial resources but also looks after those assets if they are ever targeted by a lawsuit, any form of creditor, or another monetary threat. Offshore jurisdictions usually have more contingent laws compared to those of a person’s own country. Advantages of Offshore Company Asset Protection Offshore ensures that the asset is well protected. This occurs as a result: How to Set Up Offshore Company Asset Protection Potential risks and challenges Conclusion Offshore company asset protection can offer many protections for our assets. It is designed to secure your assets from all possible threats and gives a comprehensive asset protection plan: more security, privacy, long-term tax advantages, as well as global diversification. This strategy should be negotiated in advance of implementing it to ensure that there are no complications and this will be the most successful action.

BB- Fitch rating – Seychelles maintains positive outlook

Blog / By

Seychelles has maintained a credit rating of ‘BB-‘ with a positive outlook from Fitch Ratings with key drivers being relatively high-income levels, strong World Bank Governance Indicators, and a stabilisation of the tourism industry. The Ratings, which came out on Friday, stated that tourist arrivals and tourism earnings increased by 5.7 percent and 5.8 percent respectively in 2023, reflecting a stabilisation after 82 percent and 59 percent increases in 2022. “Europe remains the top source of tourists, 73 percent share in 2023, with Germany and Russia topping arrivals since the start of 2024. The average expenditure per tourist remains above the authorities’ target of $2,800,” added the Ratings. According to the Ratings, the economy of Seychelles grew by 1.9 percent year-on-year over the first three quarters of 2023. Fitch estimates that “the economy grew by 2.5 percent in 2023 and will average 4 percent in 2024-25, driven by stable tourism and growth in the information and communication technology sector. Authorities have revised down their estimate of potential growth from 3.5 percent to 3 percent, given weak productivity growth in the large tourism sector, and limits to the expansion of tourism facilities in the medium term.” However, the island nation in the western Indian Ocean still has climate change vulnerabilities. “Seychelles is heavily exposed to risks from rising sea levels, with impacts already being felt primarily through rising intensity and frequency of storms that are rendering some coastal infrastructure unusable,” stated Fitch Ratings. It added that “In the short term, Seychelles’ tourism industry faces constraints in expansion due to the saturation of coastal infrastructure, which effectively acts as a cap on potential growth, currently estimated at 3 percent. Fitch foresees a strong likelihood of Seychelles continuing to receive multilateral technical and financial support for climate change adaptation in the medium term, which will result in an increase in budgetary spending on climate-related issues.

Ethiopia aims to improve trade and investment with Seychelles

Blog / By

Ethiopia and Seychelles are poised to enhance their bilateral relations, with a focus on expanding trade, investments, and tourism. Leveraging the connectivity established by Ethiopian Airlines’ routes to Seychelles, the two nations see potential for increased business exchanges and collaboration in previously untapped areas. Since establishing diplomatic ties in April 1982, the island nation and the East African country continue to explore avenues for mutual growth and development. The diplomatic mission, which operates from Kampala, Uganda, underscores the commitment of both countries to strengthen their partnership.

Offshore Company Formation- Simple, Private and Affordable

3 Comments / Blog / By

Businesses are always looking for methods to streamline processes, cut expenses, and improve privacy in the modern global market. Forming an offshore business is one tactic that has become extremely popular in recent years. Offshore company formation has been a popular choice for many businesses and entrepreneurs due to its promise of ease of use, confidentiality, and affordability. We’ll go over the fundamentals of offshore company formation, looking at its affordability, ease of use, and privacy advantages. Offshore Company Formation: Simple Establishing a business entity in a jurisdiction other than one’s native country is known as offshore company formation. This procedure often comprises registering a business in a foreign country with a reputation for having advantageous regulatory frameworks, tax regulations, and privacy safeguards. Although the term “offshore” may seem like ideas of far-off places, offshore jurisdictions really cover a wide spectrum of nations, from established tax havens to recently developed financial hubs. The offshore company formation simple steps are as follows Select an Offshore Jurisdiction: Start by investigating several offshore jurisdictions to see which one best meets your requirements. Take into account elements like political stability, taxation, regulations, and reputation. Offshore Company Formation Privacy Benefits: A top priority for many companies looking to incorporate an offshore company is privacy. Keeping things private is super important for lots of businesses that want to set up companies in other countries. These places, called offshore jurisdictions, have really strong laws to keep stuff confidential and protect privacy. This helps businesses keep their information safe from people trying to snoop around or from strict government rules. Some of the offshore company formation privacy benefits are listed below: Offshore Company FormationCheap and affordable Unlike what many people think, forming an offshore corporation can be surprisingly inexpensive, especially when compared to the expenses of operating a business in a high-tax jurisdiction. Cost-conscious entrepreneurs find offshore countries appealing because they often provide competitive registration fees, low continuing compliance requirements, and advantageous tax structures. Moreover, the simplified incorporation procedure and less administrative load add to the overall cost savings, which makes the offshore company formation cheap an affordable option for companies looking to maximise their financial strategy. Conclusion: Businesses looking to increase their worldwide reach, safeguard assets, and maximise taxation can find a simple, confidential, and affordable option in offshore company registration. Entrepreneurs can protect their privacy and save operating costs by taking use of offshore jurisdictions, which open up new doors for growth and profitability. As one of the leading providers of corporate and trust services in the Seychelles, we help clients all over the world incorporate offshore companies with ease. We are your reliable partner in attaining offshore success with our free pre-incorporation advice and inquiries, quick company, trust, or foundation name applications, and complete assistance in forming and registering a Seychelles International Business Company (Seychelles IBC). To start your journey towards financial independence and privacy protection, get in touch with us right now.

EU removes Seychelles from blacklist of non-cooperative jurisdictions for tax purposes

Blog / By

The European Council has removed Seychelles from the EU’s list of non-cooperative jurisdictions for tax purposes. The Seychelles’ Finance Minister expressed satisfaction with this development, noting that it reflects Seychelles’ commitment to tax transparency. The country had been previously rated as “partially compliant” by the Global Forum but has since made progress in addressing the EU’s concerns. The removal from the blacklist is expected to alleviate pressures on Seychelles’ financial sector, especially concerning banking relationships. Seychelles has been actively urging for a review of the assessment methodology to ensure fair and current reflection of a country’s compliance. Seychelles’ efforts include a demonstration to the OECD of their progress in meeting transparency standards, which has resulted in the country moving from the blacklist to a watchlist. This watchlist is for jurisdictions that are enacting tax reforms and are monitored closely. The EU updates this list biannually, with Seychelles aiming for an improved compliance rating by 2025. The country is set to undergo a supplementary review in 2024. The previous blacklisting was partly due to issues with a single Registered Agent in 2018, which was linked to the Panama Papers. Seychelles is committed to ongoing reforms to meet international standards and is working towards ensuring its legal frameworks are robust and compliant with global norms. The Corruptions Perceptions Index 2023 issued by Transparency International on the 30th January 2024 placed Seychelles 20th worldwide, the same rank as the United Kingdom and France, and (still) top in the sub-Saharan Africa region. Links: https://www.consilium.europa.eu/en/policies/eu-list-of-non-cooperative-jurisdictions/?utm_source=x.com&utm_medium=social&utm_campaign=20240220-tax&utm_content=visual-card https://www.transparency.org/en/cpi/2023/index/lva

Transfer Pricing Rules In Seychelles Explained

Blog / By

TRANSFER PRICING DEFINED As stated in Section 2 (g) of the Business Tax (Amendment) Act, 2022 “Transfer pricing” is defined as the determination of prices charged in transactions between associates. Furthermore, Business Tax Act describes two persons as associates if the relationship between them is such that one may reasonably be expected to act in accordance with the intentions of the other, or both persons may reasonably be expected to act in accordance with the intentions of a third person. Note that associate is not just about ownership, they are relationships and activities in conducting business, commercial and financial relations. REVENUE Where an arrangement exists between associates, different businesses of a person, businesses and other activities of a person, a person and a permanent establishment of that person, a person may not benefit from transfer pricing in Seychelles under actual circumstances that are at arm’s length or that are not in accordance with the arm’s length principle. (Section 54 of Business Tax (Amendment) Act, 2022). The arm’s length principle refers to the idea that transactions between associates must be the same as to those formed through a similar transaction between parties who are not associates. A person shall not conduct Commercial or financial relations” with another person that will result them in getting a transfer price benefit. Transfer pricing benefit means a benefit accruing to a person as a result of a difference between the actual conditions and the arm’s length conditions. COMMISSION A person is considered to have obtained transfer pricing benefit if the actual conditions are different from the arm’s length conditions the actual circumstances led to one or more of the following outcomes. If the arm’s-length criteria had been in place: – the person’s taxable income for a tax year would have been greater;– the amount of the person’s loss for a tax year would have been less;– the amount of the person’s tax concessions for a tax year would have been less;– the amount of withholding tax that the person would have had to pay in relation to interest or royalties would have been higher. When conducting a transfer pricing audit, the Commissioner General shall determine the transfer pricing benefit by calculating the difference in the actual and arm’s length amounts in; – the taxable income of the person for a tax year– the tax loss of the person for a tax year This short post is not intended as an exhaustive explanation of the law. If you require detailed information about Transfer Pricing please contact the Seychelles Revenue Commission at: Seychelles Revenue Commission Maison Collet, 3rd FloorPO Box 50 Victoria, MahePhone: 4293737E-mail: commissioner@src.gov.scWeb: www.src.gov.sc

Seychelles receives positive rating on 5 FATF anti-money laundering measures

Blog / By

The Seychelles has been upgraded on five recommendations by the Financial Action Task Force (FATF) following the 45th meeting of the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG). The upgrade shows progress in strengthening measures to tackle money laundering and terrorist financing. Seychelles has made progress in addressing deficiencies against recommendations 5, 19, 25, 28, and 34, relating to terrorist financing offense, higher-risk countries, transparency and beneficial ownership of legal persons, regulation and supervision of designated non-financial business or professions, and guidance and feedback. Seychelles is now compliant or largely compliant with 34 of the 40 FATF recommendations. The Seychelles delegation attended the task force meeting to build on bilateral and multilateral relationships with international partners and counterparts to increase efforts in the international fight against money laundering and terrorist financing. The delegation also took part in sub-committee meetings, with the deputy director of the Seychelles Financial Intelligence Unit presenting a national risk assessment on virtual assets and virtual assets service providers done in the island nation. The ESAAMLG meeting also included briefings on ongoing preparations for the third round of mutual evaluations, which will start in June 2025.

Seychelles deemed low-risk for non-profit organizations financing terrorism

Blog / By

Seychelles has been assessed as having a low risk of non-profit organisations (NPOs) being used to finance terrorist activities, according to a national risk assessment report. The report was validated at a workshop at the Eden Bleu hotel, and is part of the National Risk Assessment for Non-Profit Organisations (NPOs) launched in 2022. The assessment is intended to identify and understand the risks to the NPO sector and to determine whether Seychelles is compliant with international standards set by the Financial Action Task Force (FATF). The validation of the report showed that Seychelles has a very low risk of NPOs being misused for terrorist financing, but certain laws and policies may still need to be revised to maintain this status. The report will be finalised in the next two months and will be used to identify any technical deficiencies that need to be resolved before the third round of evaluation. The aim is to ensure that all laws and policies are up to date and in line with the recommendations of FATF when it comes to anti-money laundering and counter-terrorism financing measures.

Scroll to Top