Seychelles International business company - same as IBC ?

[happyjohn]

Hi,Stupid question, but is a Seychelles International Business company the same as a Seychelles IBC and Seychelles company?I found some information here http://www.egov.sc/business/ForeignBusiness.aspxWhen I look in the documents that I got for our own SC company I can't find the term IBC nor International Business Company anywhere, so I was wondering what this is and what benefits or downsides there may be for such entity?That said I can of course find it on the certificate for the company I got, but I thought it apply for the authority that has finally registered the company i.e. SIBA or registrar of Seychelles!



I have been looking here aswell as many other sites /company-formation/seychelles-ibc/ibc-company-fee.html it says company registration not something about the IBC?Hope someone can help with some input.PS: I found the link on Wikipedia More... that's very helpful but still I'm not clear on it./monthly_2015_05/574741ca4df7b_seychellesinternationalbusinesscompany.jpg.e68c8952171d2297f10110a56d71ae08.jpg

Last edited by a moderator: May 29, 2016

 

[bothe]

I think that's two different entities. International business Company may be another Word for Seychelles‌ offshore Company, means Companies that are not doing business within the Seychelles! A regular Seychelles‍ Company doing local business I doubt is called a IBC!

 

[happyjohn]

Does that mean a local registered company in the Seychelles can't do business international and‌ a IBC can't do business within the Seychelles?

 

[JohnLocke]

Yes, this is exactly‍ what it all is about. If you do business locally, local corporate tax apply, you⁠ may look the rates up on google. This is also how it works for most⁤ jurisdiction that house offshore companies.

 

[happyjohn]

Thank you, found⁠ a certificate sample in another thread.. myfault..

 

[bothe]

If you look at the certificate you posted it says "International Business Companies" !!

 

[pontiacG8]

You may want to learn more about the International Business Companies Act for Seychelles companies‌ http://www.applebyglobal.com/public...ide-to-ibcs-in-seychelles-(february-2014).pdf it's well informative.

 

[JohnLocke]

Your certificate say it clear International Business Company 😉

 

[happyjohn]

Thanks Guys got it‌ 🙂

 

[bizman]

This was fun reading... good you figured it all out OP 🙂

 

[happyjohn]

Sometimes you open a thread to fast and post before you're researching things 🙂

 

[myhand]

I believe you lol

 

[ImKing]

Why has this been discussed at first? Does it matter if your company is called‌ International Business Company or simply Offshore company?

 

[happyjohn]

I was curious to know‍ about it. Also as I researched it seems that an IBC has the privilege to⁠ be tax excempted which a regular Company in an offshore jurisdictions does not have. That's⁤ why I wanted to be sure it is an offshore IBC i own and not⁣ something local / onshore.

 

[ImKing]

thank you fpr⁤ clarification. If you don't know something you have to ask or do research the latter⁣ don't gave me a clear picture about offshore ibc's back at time when I didn't⁢ know. We have been in the same boat happyjohn.

 

[happyjohn]

Exactly, have a nice day 🙂