Hong Kong, Hong Kong (PressExposure) September 19, 2009 -- /1888PressRelease/ Zetland Corporate Services, a leading investment management service and advisor for IBCs, is again pushing the Seychelles as an ideal destination for offshore company formation services after a new round of legislative updates making the jurisdiction much safer and more competitive.
The changes to the Seychelles International Business Companies Act 1994 recently made include:
â¢ Allowing incorporation of offshore investment businesses limited by guarantee â¢ Enabling companies using the name of a country in their IBC name to incorporate locally â¢ Tightening up on companies using the name of any international registered trademark to preserve intellectual property rights â¢ Making changes to allow more transparency and safeguards against bearer shares being used for unlawful practices, such as funding terrorism or money laundering.
Other changes affecting the keeping of records for offshore investment businesses were also made, which can be viewed in the latest Zetland Group newsletter.
Jason Weatherhead of Zetland sees these changes as simply building upon an already strong base in the Seychelles. "We have great confidence in the integrity and benefits of the region - otherwise we wouldn't have set up our own office here", Mr Weatherhead said.
"The changes not only offer benefits to IBCs, but give confidence to the international community at large that Seychelles is committed to providing attractive, legal alternatives to onshore business", he continued.