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STRUCTURE AND REGISTRATION PROCEDURES OF OFFSHORE COMPANIES


What is more confidential - a bearer-share company or having a nominee shareholder?


Both options are about the same in terms of secrecy. However, usage of nominee shareholder is more viable in long-term, as there is a general tendency in the offshore financial services industry all over the world to restrict the usage of bearer shares. One particular drawback is that many banks outright refuse to open accounts for offshore companies featuring bearer shares. We do not particularly recommend using bearer shares in offshore incorporations. Nevertheless, a Seychelles IBC can be registered with bearer shares and currently there are no particular restrictions as to their usage.