Advantages An International Business Company is not taxed in Seychelles on its worldwide profits, taxation is territorial in that only income derived from a source in Seychelles is liable, no accounting, organisational or annual general meeting requirements, availability of bearer shares and no minimum required capital, option of one or more shareholder(s) or director(s); no residency requirements, highly competitive government and registered agent fees and costs, only 1 director is required and these Corporations may undertake any type of lawful business activity. However, the law specifically limits business enterprises. It is not necessary for the officers and directors to be residents. The name of the Company may be any name, which is available. There is no minimum capital stipulation. The standard authorised share capital is US$100,000 divided into 100,000 shares of US$1 each. The share capital may be expressed in any currency. There is no obligation to pay up share capital. a Seychelles IBC is a completely tax-free corporation, if it complies with the rule of non-operation within the Seychelles.