Seychelles IBC is one of the authorized directorial frameworks, capable of providing an efficient offshore jurisdiction. It benefits from local levy, and carves away all the restrictions required.

Some of the outlines about Seychelles IBC are:

• No taxation within Seychelles. A fee is only paid for government license.

• It extents up to 20 years from the date of integration.

• There is no renewal fee and the assimilation fee remains fixed for lifetime.

• No filing of any kind of report for yearly returns.

• There is no such restriction for corporate directors for the creation of a company.

• Shareholders, officers and directors can be of any locality or residence and can be of any nationality.

• Capital can be of any currency and there is no such requirement of a particular currency.

• Several meetings and gathering like shareholder and board of director’s meetings need not be held in case of Seychelles IBC.

• Simple administration

Simple Procedures Employed for Offshore Companies Registration

There are several procedures which are to be employed during an offshore companies registration are:

• Having a corporate bank account: All the share holders and transactions are to be conducted using this bank account.

• Tax registration: One of the basic issues which cannot be ignored while operating an offshore business is registration for taxation purposes.

• Proper registered address: A proper registered address is required for sending business notices and for lawful correspondence.

• Understanding tax laws

• Registering with a unique name

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