Why Seychelles is the ideal offshore location?

I've consulted 50+ entrepreneurs looking to expand in offshore locations. I've realized I often recommend Seychelles, the land of beaches. But why? What makes a tourism-dependent economy so reliable for offshore company setup? If you consider Seychelles a holiday destination ... then this post will highlight its importance as an offshore business hub. If you're eyeing this nation for business expansion, I'll tell you about why it's so preferable. Seychelles is operating under the 2016 International Business Companies (IBC) Act. This simplifies the process of company formation. This attracts entrepreneurs and investors by providing a flexible and modern regulatory environment. The IBC act grants Seychelles many tax benefits like: 1) There is no scene of corporate taxes. 2) No taxes on the revenue made from outside. 3) There are no capital gains & withholding taxes too. And these are some more benefits you get for setting up a Seychelles offshore company: 1) Strict Privacy Policies: The Seychelles government ensures the information about the directors & shareholders is never revealed. 2) You don't need to have any paid-up capital. 3) You get complete ownership over your business. And last but not least, your company will be up and running within 24 hours. These with a great banking network that allows a quick corporate bank account setup make Seychelles ... so appealing to an entrepreneur and investors. Seychelles is not for holidays and vacations alone, it's for business people. What business are you running in Seychelles?