Seychelles IBC agent requests personal TIN

[Onigiri]

I am in a similar situation, I have a Seychelles IBC where I have been doing an affiliate business that earns 4 - 5 digits per month, with some EMIs as payment gateways because the corporate bank account in Cyprus was closed several years ago ...
Then, requirements from the local agent for updating the IBC have been increasing every year, such as accounting records from a few years ago, and recently the local agent in Seychelles started asking me my individual TIN and all other personal details as a beneficial owner (I am using a nominee) ...
Have you recently ever experienced with such requirements...? As long as I know, only the financial Institutions (mainly Banks), not each government (Seychelles), collect your TIN...
Now I am quite distrustful of for the Agent, so I am wondering if I should skip updating the company or not...

 

[Sols]

IIRC, Seychelles agents are required (or at least strongly encouraged) to collect TIN of clients. It's been becoming the norm in many jurisdictions lately.

As long as you aren't doing any kind of tax evasion, providing TIN to your RA isn't a huge deal.

And if you are doing tax evasion, there are many other ways you risk getting caught. Your RA having your TIN is a relatively small one.

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This is the probably the answer to your question.

 

[frascaro]

Onigiri said:
I am in a similar situation, I have a Seychelles IBC where I have been doing an affiliate business that earns 4 - 5 digits per month, with some EMIs as payment gateways because the corporate bank account in Cyprus was closed several years ago ...
Then, requirements from the local agent for updating the IBC have been increasing every year, such as accounting records from a few years ago, and recently the local agent in Seychelles started asking me my individual TIN and all other personal details as a beneficial owner (I am using a nominee) ...
Have you recently ever experienced with such requirements...? As long as I know, only the financial Institutions (mainly Banks), not each government (Seychelles), collect your TIN...
Now I am quite distrustful of for the Agent, so I am wondering if I should skip updating the company or not...
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Which is your RA?

 

[jorge]

It doesnt matter what resident address (RA) you provide, it is to be avoided to provide such information to them in the Seychelles if you want to stay under the radar.

 

[daniels27]

frascaro said:
Which is your RA?
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jorge said:
It doesnt matter what resident address (RA) you provide, it is to be avoided to provide such information to them in the Seychelles if you want to stay under the radar.
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See my post here
[COLOR=#ea80fc] D [/COLOR]

Post in thread 'Struck-off Seychelles IBC'​

Jan 4, 2025

apres777 said:
I assume it means Registered agent. (your service provider)
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Normally, it means "Rechtsanwalt" that's how the German speaking dudes there write their names "RA Peter Meyer". 🙄

• daniels27

There he thought it means revenue annually stupi#21 stupi#21 stupi#21 stupi#21 stupi#21 stupi#21

He probably means registered agent. Wasting 1 second to spell it out would have given him plenty of better answers. Guys, there are people from all industries here. ASIC has many meanings. Just spell out what you want! You will get more and better replies, trust me.

Last edited: Jan 10, 2025

 

[frascaro]

daniels27 said:
Wasting 1 second to spell it out would have given him plenty of better answers. Guys, there are people from all industries here.
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Gotcha.