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The BVI offshore IBC formation legislation was implemented in 1984

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and is constantly developed according to the demands and

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requirements of international offshore community.

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The most common and advantageus way of offshore company formation in

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Seychelles is incorporating an IBC, which is an ideal offshore instrument

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for international business and investment activities.

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Seychelles IBC's are incorporated under the

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International Business Companies Act 1994, which enables for

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the formation of offshore companies

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with minimal compliance requirements and high confidentiality standards.

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For offshore company registration in Seychelles, only one director

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and one shareholder are required; each of them can be either physical person

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or corporate entity. Their details do not appear in the public records.

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Information about beneficial owners, directors and shareholders

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is kept confidential, not becoming the part of public record.

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For maintaining owner's confidentiality, nominee services are also available.

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Seychelles Special License Company is a new entity regulated by the

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Companies (Special Licenses) Act 2003, with the status of a low-tax company

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and using all the benefits of double tax avoidance treaties

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that are not accessible for Seychelles IBC's.