The International Business Company of Seychelles is governed by the International Business Companies Act 1994.
Major features of the Act provide for:

No Taxes: There are no taxes imposed on an IBC in Seychelles.

No Audits: No accounting or auditing requirements.

Simplified Procedure: An IBC is formed by filing Articles and Memorandum of Association along with the required fees.

Articles: Articles of Incorporation (Charter) can be adapted to meet individual needs of a company.

Varied Capital Requirements: There is no minimum paid up capital requirement. An IBC may issue bearer shares and no par value shares.

Incorporators: Subscribers may be an individual, or a corporate entity. A company may have Nominee Shareholders through local licensed registered agents.

Directors & Secretary: An IBC must have a minimum of one director. The director may be an individual or body corporate. A secretary is not required (but you will find that in doing business, the office of secretary is helpful.}

Office: Each company must maintain a Registered Agent and a Local Registered Office through the services of licensed companies that provide such services.

Filing Requirements: There are no requirements for an IBC to file details related to shareholders or directors. There is no requirement for the filing of audits or accounting reports. There are no requirements for tax returns or reports of any kind.

Meetings: No meetings are required of directors of and IBC. Any meetings held may take place anywhere or by electronic means.

Banking: There are no exchange controls for an IBC.