This is the most popular form of entity for asset holding and private international business and is intentionally designed to be simple to operate:
An IBC cannot "carry on business in Seychelles" or own real estate in Seychelles. (This does not preclude it (among other things) from leasing an office to communicate with shareholders or where books and records of the company are prepared and maintained, or from holding within Seychelles meetings of its directors or members or from making or maintaining professional contact with counsel and attorneys, accountants, bookkeepers, trust companies, management companies, investment advisers or other similar persons carrying on business within Seychelles or from having deposits with a person carrying on business in Seychelles, or from.)