Offshore Seychelles Company

Offshore Seychelles Company | 10 Offshore Terms Clarified

Offshore Seychelles Company: MOA, COI, Nominees, Protected Cell, Account requirements clarified

10 Offshore company terms

1. Memorandum and Articles of Association (MOA) or bylaws: These documents are fundamental to the existence of the company, and detail the rights of the members, the objectives of the company and the internal processes of the company.

2. Certificate of Incorporation: This is issued by the Registrar of Companies, and is proof that the company has been brought into existence. Other information may be necessary to prove that the company has not been liquidated or struck off.

3. Registration Agent: It is normal for an agent to be appointed in the jurisdiction in which the company is incorporated for the purpose of dealing with official communications with the registrar.

Offshore Seychelles company: Get a free quote now by filling in the box on the right and get clarified with 10 offshore terms

4. Registered Office: This is the official address of a company, to which official documents are sent and legal notices received. It is normal for the registration agent to provide a registered office. A company may have other business and correspondence addresses.

5. Members: These are the legal owners of the offshore Seychelles company. For administrative simplicity, or for anonymity, an offshore company registration agent may supply nominees who will hold shares on behalf of a beneficial owner, and act on his instructions.

6. Directors: The individuals who manage the routine affairs of company.

7. Nominee Directors: In many jurisdictions, it is possible for companies to be directors of other companies. Corporate service providers will often provide directors who will act on behalf of the real beneficiaries.

8. Company Secretary: This is the person who is responsible for ensuring that the Seychelles corporation meets its statutory obligations. Company registration agents often provide this service.

Offshore Seychelles company: Get a free quote now by filling in the box on the right and get clarified with 10 offshore terms

9. Statutory Records: A company is obliged to maintain registers setting out certain information about the company.

The mandatory records vary from jurisdiction to jurisdiction, as does the level of public access to the information contained in the records.

Many jurisdictions require that the records are kept within the jurisdiction in which the company is incorporated.

The records required may include minutes of meetings, registers members, directors, officers, and charges.

10. Bookkeeping: Directors are generally required to keep proper records. They may be required to prepare audited accounts. Specific requirements vary between jurisdictions and may depend on the nature of the company’s activity. For example, all banks will need to prepare audited accounts, whereas a private investment company may not have such an obligation.

Offshore Seychelles company: Get a free quote now by filling in the box on the right and get clarified with 10 offshore terms

Protected cell companies

Some jurisdictions e.g. Mauritius and Seychelles permit cellular companies, where particular assets and liabilities are segregated into “cells”, in such a way that the assets of one cell cannot be used to satisfy the liabilities of another. Cell companies are particularly used for umbrella mutual funds or unit-linked insurance bonds.

Relocation of companies

Seychelles permits companies to re-domicile. You may do this to take advantage of particular features of Seychelles, such as merger legislation, or tax treaties with other countries.

The law in both the old and new jurisdictions must permit re-domiciliation. The business of the company is deemed to continue without interruption on re-domiciliation.

Offshore Seychelles company: Get a free quote now by filling in the box on the right and get clarified with 10 offshore terms

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Offshore Seychelles Company was last modified: June 19th, 2019 by Manu Raj

Manu Raj

Has a positive attitude towards the job, is friendly and a team player.

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