Seychelles IBC is an offshore business model that came into existence in 1994 under Seychelles International Business Company Act of 1994. Seychelles IBC is a tax-free offshore business model to promote global business opportunities for interested companies. Legal and account documentation for IBC has been kept to the bare minimum, though company has freedom to maintain its documents for official purpose.

Offshore companies registration is very easy process if you have all your documents ready. Though, if you have all the required documents ready, registration takes only 24 hours.
Tax Benefits of Offshore Companies Registration

Seychelles IBC companies, by the virtue of law are exempted from the tax or duty payment for their income and profit making. Any kind of shares in IBC or income generated from it also is not taxable according to this law. This act has been quoted in Article 109(1) of Seychelles IBC Act, 1994, as –
“109.(1) A company incorporated under this Act or a shareholder thereof shall not be subject to any tax or duty on income or profits accruing to or deriving from such company or in connection with any transaction to which that company or shareholder, as the case may be, is a party.”

Similarly, offshore companies registration help companies to wave off their duties to the government and other regulatory bodies of the country, where company is operational. Company is free for its shares, debts and other financial requirements.

Biggest plus point is this waver has an expiration period of 20 years. It can be easily noticed that, this act has been formulated for promotion of offshore business.

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