Fact File

Fact File Supplied By:

Seychelles Investment Board

Location

Seychelles

Time Zone

GMT +4

Population

97,000+

Capital

Victoria

Airport(s)

Seychelles International Airport, Pointe Larue

Language

Creole, English, and French

Currency

Seychelles Rupee (SCR)

Political System

Democracy

Dialing Code

+248

Legal System

Common Law/Civil Law Hybrid

Centre's expertise

Very good

Personal income tax

0%-33%, Progressive income tax

Corporate Tax

0% on foreign sourced income, otherwise 15% – 33% The Business Tax rate is 0% on the first SR 150,000 of taxable income in respect of a sole trader and a partnership business, 15% on the next SR 850,000 of taxable income and 33% on the remainder. Companies do not have a tax free threshold. The Business Tax rate is 25% on the first SR 1,000,000 of taxable income and 33% on the remainder.

Exchange Restrictions

No

Tax Treaties

Yes

Permitted Currencies

Any

Minimum authorised capital

None

Minimum share issue

None

Type

International Business Company (IBC)

Shelf Companies

Yes, but limited to 9 months

Timescale for new entities

One business day

Incorporation fees

USD 100

Annual fees

USD 100

Minimum number

one

Residency requirements

No

Corporate Directors

Allowed

Meetings/ frequency

Disclosure

Yes

Bearer shares

No

Minimum number

one

Public share registry

No

Meetings/ frequency

Anywhere

Annual return

Not required, unless the company derives Seychelles sourced income

Audit requirements

Not required, unless the company derives Seychelles sourced

Registered office

In Seychelles

Domicile issues

Change of domicile permitted

Company naming restrictions

Yes