Regarded as a tax haven, Seychelles is a favoured business destination for investors who want to improve their companies by making the tax planning more effective and guarding their assets by Seychelles offshore company formation. It is a popular offshore financial centre and a growing international company incorporation market. Few of its features include –

• IBC’S are considered a resident for tax purposes but are subject to a territorial tax system, whereby income accumulated from foreign-sources is not subject to taxation.
• Only one shareholder and the director is required who can be either an individual or a corporation and may be non-resident
• IBCs do not need to file an annual return or financial statements, as long as they do not derive income within Seychelles
• Members get advantage from confidentiality as no details are available in the public registry
• Share capital must not be paid
• No requirement of financial reporting