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  • Management services

    The taxation of companies generally follows the principle of place of effective management. A company is therefore, or at least also, subject to taxation in the country in which “management & control” is exercised.

    International authorities usually assume that “management & control” Control" of a company can be exercised in the country in which the director / managing director of the company is also resident.

    If you live outside the Seychelles, it is therefore generally sensible for the shareholder(s) to appoint at least one nominee director at the company's headquarters.

    The extent of the powers of a so-called nominee director can ultimately be contractually determined according to the shareholder's individual ideas and within the framework of legal requirements.

    A proper business address and a local telephone number with individual call answering are not only advisable, but in the majority of cases necessary. Whether it's a postal address, office service or even a complete business location - we offer you service packages for every need.

    Management package
    "Management & Control"

    If you are not allowed, cannot or do not want to act as director of your Seychelles company yourself, you can appoint a so-called Corporate Nominee Director.

    The Nominee Director represents the company externally and acts on the instructions of the shareholder(s). The Nominee Director does not have direct access to the company's assets or can be restricted accordingly. The extent to which management and control are exercised by the Nominee Director must be determined individually. Of course, we would be happy to advise you on this too.

    The shareholder(s) can use the appropriate power of attorney to be able to act on behalf of the company themselves, alongside the company's director.

    Whether you need help selecting the optimal service package for you or if you have any other questions, we will be happy to provide you with advice and support!

    The "Management & Control" is particularly suitable for shareholders who are tax resident in Seychelles, but do not wish to be personally registered in the register or are not resident in the Seychelles and would like to exercise "management and control" of their Seychelles company in this way.

    Service description

    In the management package “Management & Control" are included:

    Corporate Nominee Director for a full twelve months,
    in-depth advice on the needs-based use of the Nominee Director,
    the individual creation of the Director contract,
    a basic introduction to company documentation, which provides the framework and guidance for the director of your company.
    Fee in the first year for 12 months (incl. general power of attorney): USD 1,240.00 *
    Fee from the second year for 12 months: USD 990.00 *

    *incl. four signatures of the corporate nominee director per year

    Legal Notices

    Privacy Management GroupFZ-LLC regularly checks and updates the information on its websites. Despite all due diligence, it is possible that some facts have changed in the meantime. It is therefore not possible to assume liability or provide any guarantee as to the relevance, completeness or correctness of the information provided. The same applies for all other websites that are accessed through the hyperlinks provided. Privacy Management GroupFZ-LLC is not responsible for the content of websites that are accessed through these links. Furthermore, Privacy Management GroupFZ-LLC reserves the right to make changes or additions to the content provided. In addition to the content and structural copyright protection rights of Privacy Management GroupFZ-LLC websites, the reproduction of information or files, in particular the use of texts, extracts or images, is prohibited without the prior written consent of Privacy Management GroupFZ-LLC.

    None of the content on any of the Privacy Management GroupFZ-LLC web pages represents an individual recommendation nor is it to be understood as an invitation to trade, default or purchase. Privacy Management GroupFZ-LLC also explicitly points out that you should seek advice from experienced tax consultants and/or lawyers, in particular for any cross-border activities. In principle, any income generated domestically or internationally is subject to taxation. It is solely your responsibility to fulfil your domestic and/or international tax obligations appropriately. Privacy Management GroupFZ-LLC does not accept liability under any circumstance. Additionally, our General Terms & Conditions as well as our Data Protection Provisions and Legal Details apply.

    Asset Protection

    CFC-Management-Services

    The taxation of companies on an international level generally follows the principle of decision-making power. A company is thus taxable in the country where ‘Management & Control’ is exercised. In general, international authorities assume that ‘Management & Control’ of a company is exercised in the same country where the general manager/director resides.

    Therefore, if you live outside of Panama, it makes sense to have at least local managing directors/directors in Panama. The level of authority of these Nominee-Directors can be determined individually according to personal needs and legal requirements.

    In addition, in most cases at least one foreign business address or even a foreign business premise is required. For this, we offer appropriate packages, with which this can be verified.

    Note: It is of course also possible to hire local managing directors instead of using nominee directors, should you prefer to do so. We are happy to advise you on the one-off and running costs upon request!

    Annual fees are only due after the first 12 months

    The annual fees are not due for payment until 12 months after the formation of your company in Panama. In the following years the settlement of the annual fees follows a 12-month cycle.

    For example: You establish a company in Panama on 14.07.2019. The start-up fees already include all the costs for the first year, with the exception of costs for optional services. After 12 months, at the latest on 14.07.2020, the annual fees for your company in Panama are due for payment (plus any optional services). Subsequently, the payment date recurs every year on 14th July at the latest.

    Renewal of the management fee annually USD 820.00
    Registered agent annually USD 325.00
    Registered office annually USD 325.00
    Corporate franchise fees annually USD 394.00
    annually

    Annual fees are only due after the first 12 months

    The annual fees are not due for payment until 12 months after the formation of your company in the Seychelles. In the following years the settlement of the annual fees follows a 12-month cycle.

    For example: You establish a company in the Seychelles on 14.07.2019. The start-up fees already include all the costs for the first year, with the exception of costs for optional services. After 12 months, at the latest on 14.07.2020, the annual fees for your company in the Seychelles are due for payment (plus any optional services). Subsequently, the payment date recurs every year on 14th July at the latest.

    Renewal of the management fee annually USD 290.00
    Registered agent annually USD 395.00
    Registered office annually USD 290.00
    Corporate franchise fees annually USD 150.00
    annually

    CFC-Management-Services

    The taxation of companies on an international level generally follows the principle of decision-making power. A company is thus taxable in the country where ‘Management & Control’ is exercised. In general, international authorities assume that ‘Management & Control’ of a company is exercised in the same country where the general manager/director resides.

    Therefore, if you live outside of the Seychelles, it makes sense to have at least local managing directors/directors in the Seychelles. The level of authority of these Nominee-Directors can be determined individually according to personal needs and legal requirements.

    In addition, in most cases at least one foreign business address or even a foreign business premise is required. For this, we offer appropriate packages, with which this can be verified.

    Note: It is of course also possible to hire local managing directors instead of using nominee directors, should you prefer to do so. We are happy to advise you on the one-off and running costs upon request!

    CFC-Management-Services

    The taxation of companies on an international level generally follows the principle of ‘location of decision-making power’. A company is thus taxable in the country where ‘Management & Control’ is exercised. In general, international authorities assume that ‘Management & Control’ of a company is exercised in the same country where the general manager/director resides. .

    Should you intend not to take on the position of local manager/director, despite having an investor visa, we can provide you with the appropriate trustee-service that will manage this position for you – a nominee is a natural person residing in the UAE. Similarly, should you not wish to officially appear as a shareholder of your Freezone-company in RAK, even in this case we can satisfy your requirements through the use of an appropriate Nominee-company. Let’s talk about it, we are at your disposal!

    CFC-Management Packages

    The international CFC-Rules are of particular importance when a Panama company wants to, for example, send invoices to companies based abroad.

    Each country implements CFC-Rules on a national and individual basis and thus makes different demands on the substance and structure of a foreign company. For the benefit of your customers, business partners and contractors and with the aim of not losing them, for example through ‘denied business expenses’ in your country of residence, you should adapt your company to international standards. In regards to this we can support you with one of our management packages.

    CFC Management Packages

    The international CFC-Rules are of particular importance when a Seychelles company wants to, for example, send invoices to companies based abroad.

    Each country has implemented the CFC-Rules on a national and individual basis and thus makes different demands on the substance and structure of a foreign company. For the benefit of your customers, business partners and contractors and with the aim of not losing them, for example through "denied business expenses" in your country of residence, you should adapt your company to international standards. In regards to this we can support you with one of our management packages.

    Fee in the first year for 12 months (incl. general power of attorney): USD 1,240.00 *
    Fee from the second year for 12 months: USD 990.00 *

    *incl. four signatures of the corporate nominee director per year

    Contact
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