| > BVI legislation is modern and very flexible, there are more benefits
< > than requirements, this has made it the base for IBC formation legislation
< > in many Caribbean jurisdictions. They consider it to be the ideal model
< > for establishing an international financial centre
< > and attracting the world offshore community.
< > Seychelles offshore IBC stays asolutely tax-free if not carrying on business
< > in Seychelles. Other rules for Seychelles offshore companies are not to own
< > real estate in Seychelles and not to conduct banking and insurance operations.
< > Seychelles IBC's are incorporated under the
< > International Business Companies Act 1994, which enables for
< > the formation of offshore companies
< > with minimal compliance requirements and high confidentiality standards.
< > Obvious advantages of offshore company formation in Seychelles are
< > tax efficiency, full exemption from income tax, withholding tax,
< > capital gains tax, inheritance or corporation tax, minimal compliance
< > requirements, confidentiality and absence of foreign exchange control.
< > There is no universal way of establishing an offshore entity -
< > each business situation needs the individual configuration
< > of an offshore company. If properly organized,
< > Gibraltar offshore company allows to improve business efficiency, to get
< substantial tax benefits, to reduce costs and maintain confidentiality.
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