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► The function of the BVI Registered Agent is
◄ ► to incorporate the offshore company for the client and
◄ ► to sign the formation documents on behalf of the client. This makes
◄ ► unnecessary for the actual owner of the company to travel to the
◄ ► British Virgin Islands in order to sign the offshore incorporation paperwork.
◄ ► BVI company law provides minimum obligation to file any returns or reports.
◄ ► BVI IBC's are not obliged to prepare or file financial accounts, annual returns or
◄ ► records. However, the company must keep whatever financial records the
◄ ► company Directors feel enough to show and clarify the transactions carried out,
◄ ► and to determine the financial position of the offshore company.
◄ ► International Business Company is one of the most popular and
◄ ► versatile types of offshore corporation available in Seychelles. There are
◄ ► approximately 600 new companies registered every month in the jurisdiction.
◄ ► The information on Seychelles offshore companies
◄ ► is not shared or reported to any overseas authorities or organizations,
◄ ► thus remaining confidential. Also, unlike some other tax havens,
◄ ► Seychelles is not subject to the EU Savings Tax Directive.
◄ ► Seychelles Special License Company is formed under the provisions
◄ ► of the "domestic" Seychelles Companies Act 1972
◄ and is treated as a domestic low-tax company.
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