Off-shore Companies: Seychelles

IBC Formation:
The government of Seychelles has been really involved in the task of converting the country into recognized financial center.
At the time of forming a company it could be created under any name given by you, but you have to make sure that the provided name is has Latin characters and its permitted to include a second name in other languages but it must contain any disrespectful or insulting language, and it should be unique because if it’s similar to another company name it would be rejected.
The last part of the chosen name for the company as always end with a legal suffix such as: Corporation, IBC, S.A., Societe Anonyme, Ltd, Sociedad Anonima, Incorporated, and others.
It is prohibit to use any names denoting any connection to local, state or national governments, universities, chamber of commerce.

Legislation

The IBC of Seychelles are under the laws of International Business Companies Act 1994, modificado en 1995, 1996, 1997, 2000, 2005, 2007,  and 2009.

IBC Structure
Only one director or shareholder is required for the company’s formation.
The shareholder(s) and director(s) can be a natural person.
There is no requirement of resident secretary.
Directors
All of the IBCs in Seychelles can have one or more person or corporate directors and they can be of any nationality. Without the needs of any statutory meetings to be held you can have them all or do business activities not being in the country at distance.
Taxation
In Seychelles they offer investors the benefit of a zero tax exception like all the offshore jurisdictions for foreigners around any commercial activity or commercial transactions made outside the country.
Privacy
One of the priorities of this country is to protect personal patrimony of the daily risks, they provide full discretion, confidentiality, they reduce and organize the fiscal weight.

Records/Books
By law a Seychelles IBC should keep accounting records that are able to explain all the transactions of the company and will be enable to show the position of the company with reasonable accuracy.

The books and records will not be show in the public records it should be kept at the registered office of the company.