I incorporated in Hong Kong which has the same tax advantages but with more stringent reporting requirements (you will actually need an accountant).<p>The main reason was because the banking system is much better in HK than in the Seychelles. You could open an account in another country but many won&#x27;t touch a Seychelles IBC with a barge pole. HK has a better reputation.<p>Incorporating is easy. Getting a bank account can be difficult.