Seychelles

Seychelles Company Formation

Seychelles IBC – an International Business Company – is the most popular and versatile type of offshore corporation available in Seychelles. Similar to other classic offshore companies, Seychelles IBC is designed to engage in international business. Being an IBC, it is subject to minimum red-tape. While being obliged to keep internal records and registries in good order, a Seychelles IBC does not nave to submit any financial reports to public file. There is also no mandatory audit requirement.

Seychelles IBC is exempt from any stamp duties on all transactions relating to its business, in particular on any transfers of property to or by the company, and on any transactions in respect of the shares, debt obligations or other securities of the IBC.

Essentially, a Seychelles IBC is a completely tax-free offshore corporation, insofar as it complies with a few simple rules of operation. The main requirement is that a Seychelles IBC should not pursue business within the territory of the Seychelles (except, of course, it may enter into business with any other Seychelles IBC`s). The law provides that all exemptions for a Seychelles IBC shall remain in force for a period of twenty years from the date of incorporation of the IBC.

A Seychelles IBC cannot trade within the Seychelles or own real estate there. IBCs cannot conduct the business of banking, insurance, fund or trust management, collective investment schemes, investment advice, or any other banking or insurance industry-related activity. Moreover, a Seychelles IBC cannot provide registered office facilities in the Seychelles, or sell its shares to the public.