Seychelles Updates: Good news – Seychelles is now rated “Largely Compliant”

[JohnLocke]

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Seychelles is now rated as “Largely Compliant” by the OECD’s Global Forum. You can read more about this here: [/URL]http://www.scotiabank.com/dm/en/0' date=',5205,00.html[/url'] and then you have This change should gradually result in better banking for Seychelles entities and possibly fewer problematic regulatory changes in future. For example we are not aware of any plans in Seychelles to introduce centralized or public registers.

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[clemens]

Great news, thanks for sharing Admin

 

[pimonte]

Thank you for the share, this must have an influence on how people may look at your business when you say you have a Seychelles company in the future. Most compare it with an tax haven and will say that the only reason for owning an entity in the Seychelles is tax!

 

[BelizeFinancial]

Thank you it may let my organisation look more legit and open more options for me to bank and apply for financial services of any kind

 

[JohnLocke]

Indeed it will help vaious business aroudn the world incorporated in the Seychelles to claim to be a legit operation and get better options in regards to financial institutions.

 

[clemens]

How will this change anything on long term if I may ask. Most people incorporating in the Seychelles are looking for privacy and not for pleasing the tax man, OECD or anyone else

 

[JohnLocke]

Well, you may see it in the light that the focus will be turned to another offshore jurisdiction now that may not comply to any of the OECD policies and therefore it's more legit to have your company in the Seychelles.

 

[agerba]

Somone believe it will have any positive impact on the business one do with a Seychelles corp?

 

[JohnLocke]

Somone believe it will have any positive impact on the business one do with a Seychelles corp?

Not sure, for most government bodies they persist to be a tax heaven I believe.

 

[agerba]

Not sure, for most government bodies they persist to be a tax heaven I believe.

That's what I thought it was about