Seychelles Offshore Secrecy

Confidentiality is one of the main advantages of the Seychelles International Business Company, because details of the company beneficial owners, directors and shareholders are not publicly available.

Books and Records: Seychelles IBCs are not required to prepare of file any accounts or financial statements. There is no requirement to have an auditor. If meetings are held, the IBC should keep Minutes of the meeting of its shareholders and directors, and copies of all resolutions by shareholders and directors. The records and Minutes are kept at the registered office, or any other place determined by the director.

Registers: A Register of all directors must be kept and maintained. A Share Register must be kept and maintained, in such form as the directors may approve; if it is in magnetic, electronic or other data storage form, the company must be able to produce legible evidence of its contents. The Registers of directors shall be kept in any place determined by directors, and the company shall inform the Registrar of the place at which they are kept.

When a new International Business Company is registered, the Registrar of Companies does not require any data whatsoever on who is the actual beneficial owner of the new company. This information is kept in complete confidentiality and is only known to the licensed Registered Agent of the company. The Register of Members, Register of Directors, Minutes and Resolutions and other internal corporate files of the IBC, are also kept confidential at the office of the Registered Agent.

The only Seychelles IBC public documents are the Memorandum of Association and the Articles of Association, but these documents do not include any information about the real shareholders or the beneficial owners of the company. Moreover, there are Nominee Directors and Nominee Shareholders available in Seychelles.

Seychelles are sovereign nation, which will therefore not be affected by the UK/EU legislation impacting the British Dependent Territories and the Channel Islands. Seychelles is not sharing or reporting information to any principal or organization overseas.

Unlike some other offshore jurisdictions related to the EU member states, Seychelles is not subject to the EU Savings Tax Directive. Also, Seychelles has avoided entering any information-sharing agreements with foreign countries or organizations for exchange of financial aid. Corporate and business legislation of Seychelles provides for confidentiality of clients, as far as offshore financial services sector contributes significantly to the economy.