Seychelles

Zero Tax - a Seychelles IBC, by the definition of the law, is not subject to any tax or duty on income or profits. A shareholder of a Seychelles IBC is also not subject to any tax on his income derived from the IBC. In a similar fashion, a Seychelles IBC is also exempt from any stamp duties on all transactions relating to its business, in particular on any transfers of property to or by the company, and on any transactions in respect of the shares, debt obligations or other securities of the IBC.

The main requirement is that a Seychelles IBC should not pursue business within the territory of the Seychelles (except, of course, it may enter into business with any other Seychelles IBC`s). The law provides that all exemptions for a Seychelles IBC shall remain in force for a period of twenty years from the date of incorporation of the IBC.

No financial reporting - Seychelles IBC are not required to file any financial accounts. The IBC is free to arrange its accounts in any manner that is most fit for the company owners, so as to enable them to establish the financial position of the Company with reasonable accuracy.

Competitive Government license fees - a Seychelles IBC pays a government fee of $100 at registration, and per annum thereafter. Quite uniquely, however, this government fee applies to all International Business Companies regardless of the amount of their authorized capital, paid up capital, number of shares or other corporate variables.

Flexible corporate structure - a Seychelles IBC has an independent legal personality and possesses the same powers as a natural person.

A Seychelles IBC requires a minimum of only one shareholder, and one director, both of whom may be the same person. There is no requirement to have any local directors or shareholders and foreign individuals or corporate bodies can be shareholders or directors of a Seychelles IBC. Apart from the director, the company does not have to appoint any other officers.

The shareholders, directors and officers of a Seychelles Business Company may be individuals or corporations and of any nationality. The shareholder's or director's meetings need not be held in the Seychelles and there is no requirement for a regular Annual General Meeting. Meetings can be held by telephone or other electronic means; alternatively, directors as well as shareholders may vote by proxy.