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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 is one of the most progressive offshore centres and one of
 
the best tax havens providing investors all the benefits of
 
tax exempt status, confidentiality and company law flexibility
 
in a completely stable economic and political environment.
 
The most common and advantageus way of offshore company formation in
 
Seychelles is incorporating an IBC, which is an ideal offshore instrument
 
for international business and investment activities.
 
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.
 
British Virgin Islands Business Companies are usually incorporated using
 
the English language. Provision exists for a translation of the name
 
to be included in the Memorandum and Articles of Association.
 
BVI company law provides minimum obligation to file any returns or reports.
 
BVI IBC's are not obliged to prepare or file financial accounts, annual returns or
 
records. However, the company must keep whatever financial records the
 
company Directors feel enough to show and clarify the transactions carried out,
 
and to determine the financial position of the offshore company.
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