Seychelles Update IBC (International Business Companies) Act
At the end of 2013 the Seychelles government officially enacted the IBC (Amendment) Bill on bearer share abolishment. These changes became effective starting January 2014. According to it all existing bearer shares must now be replaced by registered shares with the name of the shareholder. M&AA issued before need to be amended and replaced (i.e. so as to remove all bearer share provisions and to provide only for registered shares).
Eden Island is a residential marina located in the heart of the Seychelles Islands just off Mahè Island. Eden Island offers accessibility and privacy to those who wish to invest in luxury property. Each property comes with a private mooring and with 16 hectares of private waterways, every property on Eden Island has easy water access.
Panama is no longer a tax haven.
This startling change may well be repealed or deemed unconstitutional early in the New Year, but the damage has been done to the Panama tax haven allure.