Offshore

general information

Offshore companies can be established in major jurisdictions like Anguilla, British Virgin Islands (BVI), Samoa and Seychelles and the companies are commonly known as International Business Companies (IBC).

Anguilla and BVI are UK overseas territories with self-government in most internal matters. Samoa and Seychelles are independent countries.

Anguilla

• The legal system in Anguilla is based on English common law
• A minimum of one director and one shareholder are required and they can be of any nationality
• Corporate directors are permitted
• Details of directors and shareholders are not on any public record
• No requirements for annual returns, audited accounts or annual meetings

British Virgin Islands

• The legal system is based on English common law
• A minimum of one director and one shareholder are required and they can be of any nationality
• Corporate directors are permitted
• The company is required to file a copy of its register of directors with the Registry
• No requirements for annual return, audited accounts or annual meetings
• Comply to Economic Substance legislation
• Companies must file an Annual Financial Return to their Registered Agent for each financial year.

Seychelles

• Corporate legislation is based on English common law
• Companies must have at least one director and one shareholder and they can be of any nationality
• Corporate directors are permitted
• A copy of the Register of Directors is required to be filed with the Seychelles Registrar
• Accounting records to be kept at the registered office in Seychelles
• No requirement to file Annual Return