>The BVI offshore IBC formation legislation was implemented in 1984
< >and is constantly developed according to the demands and
< >requirements of international offshore community.
< >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.
< >Seychelles offshore shelf companies are previously organized and
< >never used corporations, with registered capital and all the costs paid,
< >which can be purchased for customer's immediate needs, in order
< >to avoid the waiting time for incorporation, or for those clients
< >who wish to operate with long established offshore entity.
< >Seychelles do not have double taxation agreements with other countries, hence
< >information must not be shared with international business authorities.
< >Seychelles Special License Company is a new entity regulated by the
< >Companies (Special Licenses) Act 2003, with the status of a low-tax company
< >and using all the benefits of double tax avoidance treaties
< that are not accessible for Seychelles IBC's.