08.07.13

Offshore Company Registrations decrease in Seychelles

Posted in Offshore Services, Seychelles companies, Seychelles offshore jurisdiction at 12:28 pm by Robert Klien

According to legal services consultancy the Applebly Group, most of jurisdictions experienced a decline in offshore company registration activity in the 2nd half of 2012 compared with the 1st half.

Appleby’s latest “On the Register” report provides insight and data on company incorporations in offshore financial centers.

Farah Ballands, partner and global head of fiduciary and administration services at Appleby, said that continued uncertainty in some markets and the shift in focus from China/Asia to Africa for offshore jurisdictions such as the Seychelles are preventing a speedy return to the numbers of company incorporations recorded prior to the global economic crisis.

Ms. Ballands also added: “Add to this several major international events during the second half of 2012 including the US Presidential Elections, continued economic uncertainty in the Eurozone and the once-in-a-decade change in leadership in China, and it’s hard to be surprised at the company registrations barometer struggling to quickly improve.”

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