The main advantages are lower cost, higher availability of names, fast and reliable registration, order completion and delivery. Seychelles IBCs are also subjected to a substance requirements regime that is different to those of competing jurisdictions.
A jurisdiction is a territory with its own set of laws under the control of its own system of courts and its own government which are different to other territories. We are usually referring to a country when talking about a jurisdiction but this is not always the case.
An international business company (IBC) is a corporate entity that traditionally does not engage in business in the jurisdiction where it is incorporated. When people talk about an offshore company they are often talking about an IBC. IBCs are usually incorporated in an offshore financial centre which is “offshore” from where the promoters and founders …
