Seychelles
The reason for seychelles less usage is that this jurisdiction was established as an offshore haven in 1994. At that time BVI had more than 200.000 companies. I started working with Seychelles in 2004 and at that time there where only incorporated about 16.000 companies. Today there are more than 50.000 companies and growing. The last year more than 15.000 companies where incorporated.
The legal structure is based in British common law and the paperwork are in english. I have not yet seen any banks having problems opening bank accounts for seychelles companies. The paperworks a more than just two pages of dirty papers which i have seen from some jurisdictions in the west indies.
As a trading distination Seychelles has made som very nice strategic decisions regarding double taxation agreements. Today Seychelles has double taxation agreements with countries like Thailand, China, South Africa, UAE and even Cyprus. The agreement with Cyprus makes this company a strategic good holding company for a EU company structure.
Hope this gave you some answers.
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