All About Offshore (Seychelles) Limited | Seychelles is booming as an international Offshore Fiancial center

The Seychelles is booming as an International Offshore Financial Centre and it is not difficult to see why. The jurisdiction has many appealing features:

        - Stable and Independent Country
        - Unparalleled Privacy
        - Fast Incorporation, usually within 24 hours
        - Low Incorporation and renewal Fees
        - Convenient Time Zone +4 hrs GMT
        - Multi-lingual Incorporation documents allowed (Chinese characteristics
          accepted)
        - Secure offshore banking (Barclays)
        - Zero Taxes
        - Nominee Shareholder and Directors permitted
        - Corporate Nominees permitted (including those from other jurisdictions)
        - 1 shareholder, 1 Director; minimum requirement
        - No requirement to disclose Beneficial Owner, or Shareholder or Director
        - No public register of Shareholders or Directors
        - Bearer Shares allowed. We are required to have on file (not for public or
          official records) the custodian (holder) of the bearer share certificate(s)
        - No minimum Share Capital requirements
        - No information sharing treaties with EU, UK or USA
        - No Annual company returns or financial accounts
        - No Annual meeting requirements
        - Not on OECD or FATF blacklists
        - Not subject to EU Savings Tax Directive

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Characteristics of the Seychelles IBC Act 1994

The International Business Company's Acts 1994 was enacted to provide a comprehensive regime for the incorporation, regulation, operation and taxation of International Business Companies. This piece of legislation is extremely flexible and provides for a minimum of disclosure.

International Business Companies (IBC) have the following characteristics:

TAXATION	International Business Companies are not subject to taxation within the Seychelles.
SHAREHOLDERS	An International Business Company need only one shareholder and shares can be issued in bearer or registered form. Details of the shareholders do not appear on the public file, although a Register of Members must be maintained. If the Register is not maintained at the registered office address, a notification must be filed with the Registrar identifying where it is located. The Register is only open to inspection by members of the company.
DIRECTORS	A minimum of one director is required and corporate directors are permitted. Details of the directors do not appear on the public file, although a Register of Directors must be maintained.
ANNUAL REPORTING	International Business Companies are not required to file either an annual return or accounts.
TIME SCALE	Incorporation can be achieved within 24 hours. However it does take a few days for documents to arrive from Seychelles.
SECRECY	There are no specific statutory provisions governing secrecy in relation to companies but English Law, which applies within the jurisdiction, does impose a common law duty on professionals to keep the affairs of their clients confidential.
LOCAL REQUIREMENTS	As a matter of local company law the company must maintain a registered office address within the Seychelles and must also appoint a Seychelles resident as a registered agent.
NAME / ACTIVITY RESTRICTIONS	The following words cannot be used: Assurance, Bank, Building Society, Chamber of Commerce, Chartered, Co-operative, Foundation, Government, Imperial, Insurance, Municipal and Trust, or any other words which suggest the patronage of any Government. All company names must end with Limited, Corporation, Incorporated, Societe Anonyme or a similar recognised alternative

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