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Seychelles IBC's are incorporated under the

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International Business Companies Act 1994, which enables for

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the formation of offshore companies

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with minimal compliance requirements and high confidentiality standards.

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For offshore company registration in Seychelles, only one director

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and one shareholder are required; each of them can be either physical person

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or corporate entity. Their details do not appear in the public records.

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Information about beneficial owners, directors and shareholders

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is kept confidential, not becoming the part of public record.

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For maintaining owner's confidentiality, nominee services are also available.

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Seychelles do not have double taxation agreements with other countries, hence

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information must not be shared with international business authorities.

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Obvious advantages of offshore company formation in Seychelles are

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tax efficiency, full exemption from income tax, withholding tax,

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capital gains tax, inheritance or corporation tax, minimal compliance

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requirements, confidentiality and absence of foreign exchange control.

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The BVI offshore IBC formation legislation was implemented in 1984

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and is constantly developed according to the demands and

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requirements of international offshore community.