I did a lot of research on offshore corporation structures when I was planning to freelance whilst travelling.<p>The Seychelles consistently came up as the cheapest location to incorporate and their reporting requirements are basically non-existent.<p>&gt; &quot;The identities and personal details of the beneficial owners, directors and shareholders are NOT part of public record for a Seychelles IBC. At registration of a new IBC, the Registrar of Companies does not require any data whatsoever on who is the actual beneficial owner of the new company. This information is only known to the licensed Registered Agent of the company and is kept on internal file by the company.&quot;<p>Combined with nominees makes you virtually anonymous to authorities around the world.<p>&gt;The Republic of Seychelles is an independent country. As such, it is not sharing or reporting information to any overseas &quot;principal&quot;, or organization. Seychelles is not subject to the EU Savings Tax Directive, unlike some other offshore financial centres, which are related to the EU member states (primarily, to the UK and its overseas territories). The offshore financial services sector contributes significantly to the country`s GDP. There is an inherent interest with the government and with the general public to maintain and develop the country`s status as a competitive offshore financial centre.<p>They also, at the time, allowed bearer shares which are very useful tool for money laundering. It looks like they don&#x27;t allow this anymore.