What will be the business description if I want to incorporate a second Seychelles corp. for the only purpose to be director in other offshore companies?
Yes, a Seychelles, Belize, BVI and Cyprus company can be a Holding company, a Nominee shareholder, a Nominee Director and even everything all in one. No problem at all. It add an additional layer of privacy. Also it can act as director for instant in a UK or Cyprus company.
You can look at it as any other Seychelles IBC, id doesn't matter if the company is to be used as Holding, Trading or private investment company, all is allowed in the Seychelles.
Thanks.. So I just go and register another Seychelles or Belize company and use it as holding company? So I can start making my umbrella offshore setup. 1 paramount company and say 5 sub companies owned by the holding corp. So when I have burned one company I just replace it with another Belize or Seychelles corp right?
Nothing will stop you doing that, actually with the business strategy you have it may even be the best way to structure your Seychelles or Belize company umbrella 😉
I spoke with their sales an got an discount the Seychelles IBC's and Belize ordered 5 of each. you may approach them directly, I used their sales portal More...
You don't need to care that much about the business description when it comes to holding companies or any other form of business activity in the Seychelles. Just put something in the descriptor field and your fine to go. As Admin already said. this is called a holding company / holding structure!