Yes, but outside Germany, France, Sweden, Switzerland and maybe Japan, it would work. No US company has an "Impressum" that anybody would click.
For offline shops, the Seychelles compant won't help︀ much anyway as you have substance in Germany. But still then, there were enough Swiss︁ companies selling in Germany in offline shops with 5% margin. It makes things more complicated,︂ but you can still keep the goodwill in the Seychelles company.
Nevertheless, I have to︃ point out that creating substantial goodwill in tiny islands is a logistical problem on its︄ own. How will you get the workforce for and equipment for that? It is not︅ like there is a good talent pool, efficient logistics and good supply chains. That's why︆ those islands do not rely that much on taxation. There won't be any cars from︇ Seychelles Motors or somthing.