Jurisdictions
Regions
Industry Sectors
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
