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What offshore jurisdiction has no public register to lookup my name?
- Thread starter crownblown
- Start date
Seychelles and St. Vincent don't have any public registry to lookup beneficial owners or any company data!
Not really, starting from 1st december 2018, directors records for seychelles companies will go public.
hmm, I found this:
There are some significant changes to the regime and our detailed note on the new Act can be found here. The more important changes include:
But where did you find that it is possible to go online anywhere and lookup a Seychelles company's data?
There are some significant changes to the regime and our detailed note on the new Act can be found here. The more important changes include:
- the requirement to keep and maintain an internal register of beneficial owners. This register need not be filed with the Registrar; and
- the obligation to file the company’s register of directors with the Registrar.
But where did you find that it is possible to go online anywhere and lookup a Seychelles company's data?
On 26th July, 2016, the National Assembly of Seychelles gave its approval for the enactment of the
new International Business Companies Act, 2016 (“IBC Act”).
The major policy changes, amongst other changes, under the new IBC Act are as follows:
1. The list of prohibited activities that an IBC shall not undertake has been extended to include carrying on securities business, mutual fund and gambling business as defined under the relevant Seychelles laws unless such activities are licensed or otherwise legally able to do so under the laws of each country in which the IBC carries on such business.
2. Every IBC will be required to keep a beneficial ownership Register at its registered office in Seychelles (exemption applies for listed IBCs and subsidiaries of listed IBCs).
3. All IBCs will be required to file with the Registrar a copy of its register of directors. Every IBC shall have a period of 12 months from the Act commencement date to file a copy of its register of directors with Registrar and the filed register will be made publicly accessible after two years following the Act commencement date.
4. Clear provisions have been introduced to prohibit an IBC from issuing bearer shares.
5. New provisions have been introduced to discourage aged shelf companies. The new Act provides that the first director(s) must be appointed within 9 months of the date of the company’s registration.
6. The striking‐off process has been reduced from 180 days to 90 days.
7. The new Act provides for Protected Cell Companies, reserve directors, optional registration of the company’s register of members and beneficial owners, optional filing of annual financial statements with the Registrar and disqualification of a director by the Court.
8. The fine under the general offence provision and the fine for making false statements to the Registrar have been increased to $50,000. The penalty fee for failure to keep accurate Register of Members has been increased to $500 and $50 per day thereafter. A new provision has also been included to require the Registrar, before imposing any penalty fees under the Act, to give the person concerned an opportunity of being heard.
9. An IBC will no longer be able to hold bonds, treasury bills and other securities issued by the Government of Seychelles or the Central Bank of Seychelles and will no longer be permitted to hold a lease of property for use as an office from which to communicate with members or where books and records of the company are prepared or maintained. The new Act clarifies that an IBC may own or manage a vessel registered in Seychelles under the Merchant Shipping Act and the vessel may visit or be situated in Seychelles waters, provided that the IBC shall not carry on any business in Seychelles including, without limitation, fishing, charter or tourism business involving the vessel.
10. The IBC search fee has been reduced from $100 to $10.
11. A person aggrieved by a decision of the Registrar may, within 90 days of service of notice of the decision of the Registrar, appeal against the decision to the Appeals Board established under the Financial Services Authority (Appeals Board) Regulations, 2014
FINANCIAL SERVICES AUTHORITY SEYCHELLES.
new International Business Companies Act, 2016 (“IBC Act”).
The major policy changes, amongst other changes, under the new IBC Act are as follows:
1. The list of prohibited activities that an IBC shall not undertake has been extended to include carrying on securities business, mutual fund and gambling business as defined under the relevant Seychelles laws unless such activities are licensed or otherwise legally able to do so under the laws of each country in which the IBC carries on such business.
2. Every IBC will be required to keep a beneficial ownership Register at its registered office in Seychelles (exemption applies for listed IBCs and subsidiaries of listed IBCs).
3. All IBCs will be required to file with the Registrar a copy of its register of directors. Every IBC shall have a period of 12 months from the Act commencement date to file a copy of its register of directors with Registrar and the filed register will be made publicly accessible after two years following the Act commencement date.
4. Clear provisions have been introduced to prohibit an IBC from issuing bearer shares.
5. New provisions have been introduced to discourage aged shelf companies. The new Act provides that the first director(s) must be appointed within 9 months of the date of the company’s registration.
6. The striking‐off process has been reduced from 180 days to 90 days.
7. The new Act provides for Protected Cell Companies, reserve directors, optional registration of the company’s register of members and beneficial owners, optional filing of annual financial statements with the Registrar and disqualification of a director by the Court.
8. The fine under the general offence provision and the fine for making false statements to the Registrar have been increased to $50,000. The penalty fee for failure to keep accurate Register of Members has been increased to $500 and $50 per day thereafter. A new provision has also been included to require the Registrar, before imposing any penalty fees under the Act, to give the person concerned an opportunity of being heard.
9. An IBC will no longer be able to hold bonds, treasury bills and other securities issued by the Government of Seychelles or the Central Bank of Seychelles and will no longer be permitted to hold a lease of property for use as an office from which to communicate with members or where books and records of the company are prepared or maintained. The new Act clarifies that an IBC may own or manage a vessel registered in Seychelles under the Merchant Shipping Act and the vessel may visit or be situated in Seychelles waters, provided that the IBC shall not carry on any business in Seychelles including, without limitation, fishing, charter or tourism business involving the vessel.
10. The IBC search fee has been reduced from $100 to $10.
11. A person aggrieved by a decision of the Registrar may, within 90 days of service of notice of the decision of the Registrar, appeal against the decision to the Appeals Board established under the Financial Services Authority (Appeals Board) Regulations, 2014
FINANCIAL SERVICES AUTHORITY SEYCHELLES.
Okay found it:
This register will be made public!
Still we can use nominees to keep the privacy. If this apply to the Seychelles, soon all other jurisdictions will be following. Rest assured.
This register will be made public!
Still we can use nominees to keep the privacy. If this apply to the Seychelles, soon all other jurisdictions will be following. Rest assured.
I don't believe these jurisdictions to stand out long term. As already mentioned if the Seychelles has taken action to please the fucking OECD and the rest of the world all other jurisdictions will soon follow, maybe not now but soon...
So far I hope I'm wrong but I would not put all my money on this!!
At least nominees will protect your name to go public! However, if time will show how complicated it is to get a court order to reveal director and beneficial owner data!
Belize (maybe).I don't believe these jurisdictions to stand out long term. As already mentioned if the Seychelles has taken action to please the fucking OECD and the rest of the world all other jurisdictions will soon follow, maybe not now but soon...
So far I hope I'm wrong but I would not put all my money on this!!
At least nominees will protect your name to go public! However, if time will show how complicated it is to get a court order to reveal director and beneficial owner data!
St. Kitts and Nevis has a very high level of privacy.
I don't believe that to last long.. but let's hope so.. The banks their said the same and now they have all been forced to report all their customers
I don't believe that to last long.. but let's hope so.. The banks their said the same and now they have all been forced to report all their customers
I provide Seychelles companies, but I go every 6 months in the Seychelles (meeting, partnership and Business).
Professionals from the sector already knew about the new Act and that the Seychelles were at risk .
St. Kitts and Nevis has a Strong Registry and IBC Act.
As I said, lets hope soI provide Seychelles companies, but I go every 6 months in the Seychelles (meeting, partnership and Business).
Professionals from the sector already knew about the new Act and that the Seychelles were at risk .
St. Kitts and Nevis has a Strong Registry and IBC Act.
okay, I think I got it (Admin could you please clean this thread to relevant posts) ? Seychelles until dec 2018, St. Kitts until we get an update but for now it's good
What else do we have?
What else do we have?
It depends on the project
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