Seychelles
International Business Authority Offshore Trusts
Seychelles International Business Authority Offshore Trusts
In
December 1994 the Seychelles enacted legislation enabling
the registration of International Business Companies, International
Trusts and the licensing of International (free) Trade Zone
Companies. More recent legislation covers the licensing of
offshore banks, offshore Insurance, mutual funds activities
and the regulating of a securities industry. The new laws
are a result of intensive studies of long established offshore
jurisdictions and world-wide trust legislation.
Although
not dissimilar to those of the well-established offshore jurisdictions
such as the Bahamas, the laws take a most comprehensive, modern
and attractive approach to the establishment and operation
of offshore companies, mutual funds, offshore banking, offshore
insurance and freeport activities.
The
SEYCHELLES INTERNATIONAL BUSINESS AUTHORITY (SIBA)
Formed in February or 1995, the Seychelles International Business
Authority, is in the heart of Victoria, the Seychelles' capital.
SIBA is a body corporate with board members being prominent
persons of both government and the private sector.
Seychelles
International Business Authority is essentially a one-stop
shop, licensing and regulating primary offshore activities.
It is the Registrar for International Business Companies and
trusts and regulates International Trade Zone activities.
Through a blending of dedicated professionals and efficient
systems, SIBA is able to provide swift name approvals, incorporation
and licensing with minimal bureaucracy. The result is that
certificates of incorporation may be issued within an hour,
ensuring that SIBA is one of the fastest Registrars in the
world.
For
further information on Seychelles International Business Authority
Offshore Trusts visit the Seychelles International Business
Authority Website.
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