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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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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 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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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.

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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.