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Seychelles International Financial Services Association (SIFSA) Proposal on International Business Company (IBC) Act amendment

July 15, 2021

CRESCO, INAA member in UAE, Philippines and Seychelles, has published this very interesting article on its website www.crescoaccounting.com about Seychelles International Financial Services Association (SIFSA) Proposal on International Business Company (IBC) Act amendment. Discover it below.

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"A common question potential investors ask is “what are our accounting obligations?”. Under the current rules, there is no requirement to file Accounts nor Annual Company Returns for IBC’s. Potential investors see this as an advantage as this lessens the annual cost and adds privacy as the company’s records remain confidential.[...]"