General Knowledge About Offshore Companies
Where exactly does the law says that International Business Companies don`t pay tax?
In respect to Seychelles International Business Companies, the Article 109.(1) of the Seychelles International Business Companies Act ("Exemptions") states that "A company incorporated under this Act or a shareholder thereof shall not be subject to any tax or duty on income or profits accruing to or deriving from such company or in connection with any transaction to which that company or shareholder, as the case may be, is a party."
Further on the same Article also provides that a Seychelles IBC is also exempt from any stamp duties on all transactions relating to its business, in particular, on any transfers of property to or by the company, and on any transactions in respect of the shares, debt obligations or other securities of the IBC.