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BVI legislation is modern and very flexible, there are more benefits

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than requirements, this has made it the base for IBC formation legislation

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in many Caribbean jurisdictions. They consider it to be the ideal model

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for establishing an international financial centre

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and attracting the world offshore community.

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Seychelles offshore IBC stays asolutely tax-free if not carrying on business

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in Seychelles. Other rules for Seychelles offshore companies are not to own

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real estate in Seychelles and not to conduct banking and insurance operations.

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Seychelles offshore shelf companies are previously organized and

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never used corporations, with registered capital and all the costs paid,

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which can be purchased for customer's immediate needs, in order

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to avoid the waiting time for incorporation, or for those clients

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who wish to operate with long established offshore entity.

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Seychelles do not have double taxation agreements with other countries, hence

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information must not be shared with international business authorities.

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Obvious advantages of offshore company formation in Seychelles are

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tax efficiency, full exemption from income tax, withholding tax,

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capital gains tax, inheritance or corporation tax, minimal compliance

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requirements, confidentiality and absence of foreign exchange control.