Mauritius vs Seychelles

[speedster]

Which of Mauritius vs Seychelles would you recommend for incorporation? Credibility and ease of maintenance are my biggest factors. Everything is above board, so I'm not overly concerned about privacy and since this will be a CFC tax issues

 

[JohnLocke]

Both have the same credibility if you ask any European business! So this question is to broad you need to explain towards who?

In regards to ease! Well Seychelles is very easy takes less then 2 days to get your company while Mauritius can take longer. Again it depends on which agent you are using for both.

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Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.​

 

[speedster]

Admin said:
Both have the same credibility if you ask any European business! So this question is to broad you need to explain towards who?

In regards to ease! Well Seychelles is very easy takes less then 2 days to get your company while Mauritius can take longer. Again it depends on which agent you are using for both.
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I'm assuming their credibility isn't very much?

I think credibility in terms of an EMI is most important. I've already written off the idea of finding a bank that will allow C2B Swift and then make payments to a crypto exchange, so now I'm looking for an EMI that will (although, I am still waiting on a reply from Bank Frick). This whole offshore thing is still very new to me, so I'm still asking a lot of questions and trying to get to grips with the various technicalities.

 

[Sols]

If any distinction is made between the two, which as @Admin pointed out often isn't the case, Mauritius is seen as the better of the two.

Mauritius has a better track record with banking stability and regulatory compliance. I see Mauritius used a lot more than the Seychelles when it comes to what I would consider more serious or tangible businesses.

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This is the probably the answer to your question.

 

[speedster]

What should one be looking at ito fees for establishing a GBC in Mauritius, as well as the ongoing fees for local directors etc?

 

[Sols]

Depends on whether it's a Class I or Class II GBC.

A Class II (offshore company) tends to cost around 2-4,000 USD first year and about the same in annual fees. I would be hesitant about anyone offering it cheaper than that, but it is certainly possible to find.

Class II GBCs don't require any local presence, so if you are talking about Class I, the fees are significantly higher and harder to predict as they tend to be a bit more of a uniquely tailored setup.

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This is the probably the answer to your question.

 

[speedster]

Sols said:
Depends on whether it's a Class I or Class II GBC.

A Class II (offshore company) tends to cost around 2-4,000 USD first year and about the same in annual fees. I would be hesitant about anyone offering it cheaper than that, but it is certainly possible to find.

Class II GBCs don't require any local presence, so if you are talking about Class I, the fees are significantly higher and harder to predict as they tend to be a bit more of a uniquely tailored setup.
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Thanks, that helps a lot. I'm looking at Class I at the moment.