The Republic of Seychelles, an island nation in the Indian Ocean, is
primarily known as a great tourist destination with ample flora and fauna as
well as beaches in store for holidaymakers. However, it is also counted among a
few tax havens that are still in existence today. The country has become a
favorite place for an offshore company setup, thanks to the strong measures
taken by the government to get out of the shell of tourism and promote fishing,
agriculture, small-scale manufacture and offshore finance. With the institution
of the Seychelles International Business Authority (SIBA) and the passing of
several effective laws, incorporating an offshore company here has turned out
to be highly beneficial for business owners.
From the best
asset protection and tax-free trading to the fast and flexible
incorporation, Seychelles provides so many advantages to the interested
investors. The process of offshore incorporation has been made efficient since
2003 when the International Corporate Service Providers Act came into effect. This
particular piece of legislation did away with the requirement to submit a
separate application to the Finance Ministry. So, you can form an International
Business Company (IBC) in Seychelles and safeguard your assets, affairs and
privacy from adversaries.
Apart from the offshore company setup, there are several other options such
as private foundations, offshore trusts, offshore bank accounts and/or
brokerage accounts to ensure the best asset protection for individuals as well as companies. Hence, look for a licensed
service provider who can offer you all sorts of assistance in forming a company
in Seychelles without difficulty. It is recommended to hire Sterling Offshore
Limited to have the peace of mind from start to finish.
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