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Seychelles Company |
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BVI Company |
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Geographic Location & Population |
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Located in the South-Western Indian Ocean with a total land area of 455.3 square kilometres. |
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Located in the Caribbean Sea, east of Puerto Rico with a total land area of around 155 square kilometres. |
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The population is about 85,000. |
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The population is about 21,000. |
| Popularity |
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Seychelles is emerging as a valid alternative to better known jurisdiction such as BVI. Some people even think it exceeds BVI in some respects like reputation standing. |
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BVI is the most popular offshore jurisdiction for many years, and also well-known in the public. Over 800,000 companies were incorporated since 1984. |
| Taxation & Privacy |
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Same as most offshore firms, it is tax-free with high privacy protection. Unlike BVI, Seychelles has no economic ties with US, UK or EU and it hasn’t signed any info sharing agreements with them. |
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If the business is operated offshore, it can get tax exemption. Also, it has minimum record-keeping and no reporting requirements, and comprehensive confidentiality features. |
| Authorized Share Capital |
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The capital structure of a Seychelles company can be very flexible. There is no maximum authorized share capital prescribed. |
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The normal authorized share capital is 50,000 shares as recommended. Above 50,000 shares will incur extra fees. |
| HK Bank Account Opening |
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The process of bank account opening can be facilitated for a Seychelles company. |
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More requirements, documentations and proofs are needed to open a bank account. |
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