One of the best reasons why a Seychelles Company should be considered as an entity of choice when incorporating offshore is that it is a private, tax efficient structure while remaining compliant and well regulated.  In doing so this has secured the Seychelles from being blacklisted as an non-cooperative tax haven.  Seychelles companies also hold a tax exempt status with no requirements to file annual reports concerning the earnings of the company.  In a nutshell this means that the companies are easy to operate and manage saving hours of accounting and tax preparation time making them extremely efficient.  This permits the company to conduct business on a tax free basis as long as the company operates outside of the Seychelles.  Nominated share as well as bearer share companies are permitted in the jurisdiction and the use of nominee directors is readily excepted as well. This ensures that the Seychelles IBC is a secure as well as very private entity which is backed by confidentiality legislation currently in place as well as the International Business Companies Act.  There are many ways in which a Seychelles IBC can be used to conduct business ranging from commerce and consulting to asset protection.  It is relatively easy for a Seychelles IBC to obtain an offshore bank account in a well respected offshore banking jurisdiction.  If you are looking for a simple but effective way to operate in a tax free jurisdiction while preserving personal and financial privacy, the Seychelles Company is one of if not the best entities to achieve that goal.