We need enough information about the specific business and activities that the IBC will undertake to be able to provide guidance as to whether it is legal or not, and whether it is allowed or not under Seychelles law and regulations. For most IBCs a short statement comprising of one or two phrases would usually be sufficient.
We also need to know about the countries and regions where the IBC will operate to ensure that sanctioned countries or countries that are viewed as high risk by the Seychelles authorities are not part of your business. We also ask for a short statement about the source of funds to setup an IBC and to make it work.
A typical statement can be: “The company will have trading activities and will also provide consultancy services in the mining and industrial equipment sectors. The targeted countries will be Ghana, South Africa, UK and Australia. The source of funds will be the personal savings of the principal shareholder.”