A Seychelles International Business Company (“IBC”) is regulated by the Seychelles International Business Companies Act 1994. Seychelles IBC is an international business company and one of the most popular and versatile type of offshore corporation available to global clients. Similar to other classic offshore companies, Seychelles IBC is designed to engage in international business.
Since the introduction of the Seychelles International Business Companies Act in 1994, over 100,000 Seychelles IBC`s have been registered, with more than 600 new offshore companies being registered every month.
Being an IBC, it is subject to minimum red-tape. While being obliged to keep internal records and registries in good order, a Seychelles IBC does not have to submit any financial reports to public file. There is also no mandatory audit requirement however it is recommended to maintain proper record of accounts.
Following is a synopsis of the most important advantages and features of the Seychelles International Business Company.