Jordans Trust Company blog

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Entries with tag seychelles company .

New record keeping requirements for Seychelles IBCs

17 Jan 2017
The International Business Companies Act, 2016 (the “2016 Act”), which came into force on 1 December 2016, has changed the way that a Seychelles IBC must keep and maintain its registers and records. There are four key areas to be considered: 1. Minutes and resolutions: The minutes and resolutions passed by the members and directors may be kept at such place inside or outside of... Read More AboutNew record keeping requirements for Seychelles IBCs »

By Philip Jacques

Stricter Seychelles IBC accounting records requirements

24 Jan 2017
I blogged recently about the record keeping requirements of a company under the new Seychelles IBC legislation, the International Business Companies Act, 2016 (the “Act”). That blog included details about the holding of accounting records under the Act. This blog sets out the requirements in more detail. While there is still no requirement to file accounts in the jurisdiction,... Read More AboutStricter Seychelles IBC accounting records requirements »

By Philip Jacques

Seychelles Foundations – their nature and advantages

15 Sep 2016
Foundations are most easily visualised as a combination of a company and a trust. They are increasingly being used by UK citizens, particularly entrepreneurs, for wealth management purposes. Foundations have a separate legal personality and can therefore hold their own assets, contract with third parties and sue in their own name and in their own capacity. A foundation does... Read More AboutSeychelles Foundations – their nature and advantages »

By Philip Jacques

What financial records are required to be held by a Seychelles international business company?

14 Nov 2014
On 30 October my colleague, Amy Roost, posted a blog about the financial records that BVI business companies must keep. It is useful to contrast this with the requirements under the Seychelles International Business Companies Act, 1994 (the “Act”).    Under section 65 of the Act, a Seychelles IBC shall keep or cause to be kept proper ‘accounting records’:   (i)... Read More AboutWhat financial records are required to be held by a Seychelles international business company? »

By Philip Jacques

Seychelles: proposed new legislation for double taxation treaty access

21 Aug 2014
Under the International Business Companies Act 1994, a Seychelles IBC is not a tax resident of Seychelles and can therefore not be used to gain access to the benefits contained in the network of Double Taxation Agreements (DTAs) to which Seychelles is a party. The full list of DTAs can be found here. It was for this reason that the Companies (Special Licences) Act (“the CSL Act”) was... Read More AboutSeychelles: proposed new legislation for double taxation treaty access »

By Jenny Gontier

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