Discover the Benefits of Seychelles Foundations
Whether you're looking to protect your assets, optimize your tax liabilities, or expand your business globally, a Seychelles Foundation provides the perfect platform. With our support, you'll navigate the complexities with ease and confidence, unlocking new opportunities for growth and security.
Our expert team is here to guide you through every step of the process, ensuring you make the most of these incredible benefits.
CONTENTS
THE BENEFITS
Seychelles Foundation - The Flexible, Tax-Efficient, and Confidential Solution
Key Features
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Asset Protection: The foundation offers robust protection against creditors and legal claims. By transferring assets to the foundation, the founder can effectively shield them from potential risks.
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Privacy: The details of the foundation, its beneficiaries, and the assets it holds are not publicly accessible, offering a high level of confidentiality.
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Estate Planning: Foundations are ideal for succession planning, ensuring that wealth is transferred smoothly to future generations according to the founder’s wishes. This can help avoid potential disputes among heirs.
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Tax Efficiency: Seychelles foundations enjoy favorable tax treatment. They are generally exempt from taxes on income, capital gains, and inheritances, making them attractive for high-net-worth individuals.
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Flexibility: Unlike trusts, which are bound by stringent regulations, foundations offer more flexibility in their operations and management. They can be structured to suit a variety of purposes, including charitable activities, wealth management, and corporate structuring.
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Control: The founder can retain a significant degree of control over the foundation’s assets and activities through carefully drafted regulations and the appointment of council members and protectors.
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Perpetual Existence: A foundation can exist indefinitely, ensuring long-term asset protection and wealth preservation.
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International Recognition: Seychelles foundations are recognized and respected globally, making them suitable for international estate planning and asset protection.
Uses of a Seychelles Foundation
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Wealth Management: Ideal for holding and managing a diverse range of assets, including real estate, investments, and intellectual property.
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Charitable Purposes: Many individuals use foundations to support charitable causes, allowing them to contribute to society while benefiting from tax advantages.
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Business Structuring: Foundations can be used to hold shares in family businesses, providing a stable structure for management and succession planning.
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Inheritance Planning: Ensures the smooth transfer of assets to heirs, minimizing disputes and legal complications.
In summary, a Seychelles Foundation offers a robust and flexible framework for asset protection, estate planning, and wealth management. Its unique structure and benefits make it a preferred choice for individuals and families looking to secure their financial legacy.
PRICING
Value-Driven Pricing for Your Seychelles Foundation
Discover the affordability and transparency of our Seychelles Foundation setup services. Our competitive pricing ensures you get the best value without compromising on quality.
Seychelles Foundation Setup
€875
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Fee includes Foundation Registration
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1st Year Full Maintenance
2nd Year Renewal: €825 All Inclusive
HOW IT WORKS
What is a Seychelles Foundation?
A Seychelles Foundation is a versatile legal entity that functions as a hybrid between a company and a trust. It is established by a founder who endows assets to the foundation for specific purposes. Here is a breakdown of how a Seychelles Foundation works:
Key Components:
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Founder: The individual or entity that establishes the foundation and transfers assets to it.
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Beneficiaries: The individuals or entities who will ultimately benefit from the foundation's assets.
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Council: A group of individuals responsible for managing and administering the foundation's assets and activities.
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Protector (Optional): An individual or entity appointed to oversee the council's actions and ensure the foundation's objectives are met.
How it Works:
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Establishment: The founder creates a foundation charter outlining its purpose, assets, beneficiaries, and the council's powers and duties.
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Asset Transfer: The founder transfers assets to the foundation, which then becomes the legal owner of those assets.
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Management: The council, acting as the foundation's governing body, manages the assets and implements the foundation's objectives.
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Distribution: The council distributes the foundation's assets to the beneficiaries according to the terms of the foundation charter.
Key Advantages:
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Asset Protection: The foundation's assets are legally separate from the founder's personal assets, providing a layer of protection.
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Privacy and Confidentiality: Information about the foundation, its founders, and beneficiaries is generally kept confidential.
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Tax Efficiency: Seychelles offers favorable tax regimes for foundations, including no corporate tax and no capital gains tax.
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Flexibility: The foundation's structure can be tailored to specific needs, allowing for various purposes, such as asset protection, estate planning, and philanthropy.
Founder
The founder is the person or entity that sets up the foundation. They are the ones who transfer assets to the foundation, essentially kick-starting its existence. Think of the founder as the architect who designs the blueprint and lays the first brick. They outline the foundation's purpose, decide on the initial assets, and set the rules for how the foundation will operate.
Beneficiaries
Beneficiaries are the individuals or entities who will ultimately benefit from the foundation's assets. They are the ones who will receive distributions from the foundation according to the terms set out by the founder. Beneficiaries can be family members, charities, or even other organizations. They are like the recipients of a gift, enjoying the benefits of the foundation's assets as intended by the founder.
Council
The council is a group of individuals responsible for managing and administering the foundation's assets and activities. They act as the foundation's governing body, making decisions on how to manage the assets and implement the foundation's objectives. Think of the council as the board of directors in a company, ensuring that everything runs smoothly and according to plan.
Protector (Optional)
The protector is an optional role within a Seychelles Foundation. This individual or entity is appointed to oversee the council's actions and ensure that the foundation's objectives are met. The protector acts as a watchdog, providing an extra layer of oversight and ensuring that the council acts in the best interests of the beneficiaries and adheres to the founder's wishes.
Important Considerations:
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Professional Advice: It is crucial to consult with legal and tax professionals to ensure proper setup and compliance with local regulations.
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Regulatory Compliance: Seychelles has specific regulations governing foundations, and adherence to these rules is essential.
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Purpose and Objectives: Clearly defined purposes and objectives are vital for a successful foundation.
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Council's Role: The council plays a crucial role in managing the foundation's assets and ensuring its objectives are met.
By understanding these key aspects, you can appreciate how a Seychelles Foundation can be a valuable tool for various purposes, offering flexibility, asset protection, and tax efficiency.
SETUP GUIDE
Easy Setup for Seychelles Foundation
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Initial Consultation
We start with a friendly chat to understand your needs and goals. Our experts will explain the benefits of a Seychelles Foundation and how it can work for you. This is your chance to ask questions and get all the information you need to make an informed decision.
2
Prepare Documents
Once you're ready to move forward, we'll help you gather and prepare all the necessary documents. Our team will guide you through the paperwork, ensuring everything is in order and meets the legal requirements. We aim to make this process as smooth and hassle-free as possible.
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Registration
Next, we handle the registration of your Seychelles Foundation. We'll submit the required documents to the relevant authorities and keep you updated on the progress. Our goal is to get your foundation up and running quickly and efficiently.
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Ongoing Support
After your foundation is established, we're still here to help. We offer ongoing support services to ensure your foundation operates smoothly. Whether you need assistance with compliance or any other aspect of running your foundation, our team is just a call or email away.
ANNUAL REQUIREMENTS
Accounting Records Requirement
Keeping Track of Your Foundation's Accounts
If your foundation keeps its accounting records outside Seychelles, you'll need to send these records to your registered office in Seychelles twice a year - in January and July. You can do this in either original form or electronically.
What Counts as Accounting Records?
Accounting records are documents that show your foundation's assets, liabilities, income, expenses, sales, purchases, and other transactions. Examples of Accounting Records are:
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Bank statements
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Receipts and invoices
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Vouchers
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Title documents
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Contracts and agreements
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Ledgers
Annual Financial Summary
Every foundation also needs to prepare a Financial Summary each year. This summary should be kept in Seychelles and must be ready within six months after the end of the financial year. The financial year is typically the calendar year unless your foundation decides to change it.
Ongoing Record-Keeping
You need to keep your accounting records up-to-date at all times. Whether these records are in Seychelles or elsewhere, you must be able to provide them if asked. We are here to assist you with any questions or concerns and will always keep you up-to-date with all requirements.