When people hear the word Seychelles Company they think about white sand beaches and umbrella cocktails. What does not come to mind is the level of privacy allotted to companies registered in the jurisdiction. Many are unaware of the legislation in which the government has put into place to protect the directors as well as beneficial owners of a Seychelles Company from being the target of unruly or frivolous lawsuits. In most cases government agencies are also excluded from obtaining information on companies registered in the jurisdiction as well. When a Seychelles Company is established the registry receives bare bones information on the company and nothing else. The only requirements in order to have the company registered with the IBC registry is the company name, a copy of the memorandum and articles of incorporation, as well as the name and address of the registered agent and the registered office address. Any and all information concerning the officers or beneficial owners of the company is held on file at the office of the registered agent and is not open to public inspection. Bearer shares are also permitted to be issued by a Seychelles Company. This added privacy feature allows the owners of the shares who are in fact the true owners of the company to remain anonymous. Such shares can be easily transferred over from one person to the next without having to change the company books or make notations to the company documents. Since the shares are not required to be kept in the office of the registered agent, they can be physically handed over to their new owner upon closing the deal. One of the least known about but most advantageous privacy and protection aspects of owning a Seychelles Company is a small and well hidden piece of legislation. This legislation states and requires that any in order to take any legal action company registered in the Seychelles the person perusing the company must first file a complaint and obtain permission from the Supreme Court of the Seychelles in order to proceed. Such judgments are hard to obtain and there has not been a single one issued in more than eight years. This is one of the least known but most effective protection mechanisms in place for the Seychelles Company that rivals even that of Nevis. As the local legislation which governs the Seychelles Company continues to grow and become more diversified more and more companies as well as individuals will take advantage of the privacy features of the entity. With tens of thousands of companies already incorporated, there will continue to be a steady rise in the number of companies incorporated per year. Current the Seychelles Company is the forerunner in the offshore world as far as personal and financial privacy is concerned and the jurisdiction is heavily engaged in maintaining that status for a long while to come.
Article Source: http://www.articlecontentprovider.com/articlesubmit
When people hear the word Seychelles Company they think about white sand beaches and umbrella cocktails. What does not come to mind is the level of privacy allotted to companies registered in the jurisdiction. Many are unaware of the legislation in which the government has put into place to protect the directors as well as beneficial owners of a Seychelles Company from being the target of unruly or frivolous lawsuits. In most cases government agencies are also excluded from obtaining ...
Doug L. is author of this article on Assets Protection. Find more information about Panama Companies here.
Please Rate this Article
5 out of 5 4 out of 5 3 out of 5 2 out of 5 1 out of 5
