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General Information One thousand miles from the African coast in the western Indian Ocean at the crossroad of Asia and Africa, Seychelles?115 islands, located between 4 and 10 degrees south of the equator, offer a diverse range of experiences – white sandy beaches, verdant mountains, and luxuriant forests. Within this seemingly enchanted, pristine world you can enjoy snorkelling on coral reefs, trekking, bird watching, diving and fishing amid unique, natural surrounds. Far away from the hustle and bustle of a busy world, Seychelles has retained a soulful way of life which is vibrant, captivating and still wonderfully authentic.   This archipelago of legendary natural beauty comprises 41 of the oldest mid-oceanic granitic islands on earth which, together, constitute the Inner Islands, of which Mah? the principal island and home to the capital, Victoria, together with its close neighbors, Praslin and La Digue, are the most prominent. A sparkling collection of […]

Introduction The Seychelles CSL (Special License Company) is a local tax resident company specially licensed by the Seychelles International Business Authority (SIBA), which is taxed at a rate of 1.5% of its worldwide income. It is registered as a normal domestic company under the Companies Ordinance 1972 but granted a special license by the Seychelles International Business Authority (SIBA) granting the special tax status and extra privacy provisions. For those looking to establish a relatively inexpensive, tax paying domestic company, the Seychelles CSL is one of the best choices in the world. A properly structured Seychelles CSL may have access to the growing list of Double Taxation Avoidance Treaties signed by the Government. With the allowance of foreign tax credits and expenses for certain items, the effective tax rate may actually be 0% in Seychelles.   Seychelles Tax Treaties The Republic of Seychelles has signed and ratified several significant Double […]

Favourably and strategically situated in the Indian Ocean, enjoying political stability and having the right legal and administrative frameworks in place, nowadays the Seychelles is becoming one of the most attractive offshore jurisdictions. It is highly recommended for those seeking an efficient and secure offshore company structure. Seychelles entered the offshore financial services industry in December 1994, following the enactment of the International Business Company Act 1994 and other legislation. Despite its small size and some other limitations, the Seychelles offshore sector had managed to succeed over the past decades. More than 30,000 Seychelles International Business Companies (IBCs) have been registered, with more than 600 new offshore companies being registered every month. As a relative newcomer to the offshore industry, Seychelles has a greater number of company names available than some other jurisdictions. Seychelles IBC benefits from zero local taxation, very few restrictions or reporting requirements and superior confidentiality. It […]

Features and Registration Fees of Seychelles (International Business) Company 1. General Information Location The Seychelles is an independent nation in the Indian Ocean near the coast of eastern Africa composed of several islands. Government The country is a self-governing democracy and a member of the Commonwealth and the United Nations. Benefits The Seychelles offers a wide variety of services to the international community, including offshore banking, insurance and investments. Of particular interest is the International Business Company, which is an inexpensive, flexible and simple type of company that can be used for many purposes. 2. Major Features of Seychelles International Business Company The Seychelles International Business Company’s Acts 1994 was enacted to provide a comprehensive regime for the incorporation, regulation, operation and taxation of International Business Companies. This piece of legislation is extremely flexible and provides for a minimum of disclosure. Meetings need not take place in the Seychelles, and […]

AGREEMENT BETWEEN THE GOVERNMENT OF THE PEOPLE’S REPUBLIC OF CHINA AND THE GOVERNMENT OFTHE REPUBLIC OF SEYCHELLES FOR THE AVOIDANCE OF DOUBLE TAXATION AND THE PREVENTION OF FISCAL EVASIONWITH RESPECT TO TAXES ON INCOME The Government of the People’s Republic of China and the Government of the Republic of Seychelles, Desiring to conclude an Agreement for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, Have agreed as follows   Article 1 PERSONAL SCOPE This Agreement shall apply to persons who are residents of one or both of the Contracting States.   Article 2 TAXES COVERED 1. This Agreement shall apply to taxes on income imposed on behalf of a Contracting State or of its local authorities, irrespective of the manner in which they are levied. 2. There shall be regarded as taxes on income all taxes imposed on total income, or […]

With two offshore company types available in Seychelles, this is a very important question. Here are some general considerations. By no means they represent the final and absolute recommendation but may prove useful as a general guideline.   Special License Company (CSL) The CSL would be the preferred choice for clients planning business transactions with counterparties who are located in high-tax countries with an intrusive regulatory environment. In such countries, fiscal countermeasures are possible against the traditional zero-tax companies (IBCs), but are less likely against low-tax companies (CSLs).   On the same note, if the business circumstances require proving that the company is actually a taxpayer in its country of registration, only a Special License Company would satisfy this condition. The CSL is also the right vehicle if clients expect to utilize the benefits of the double-tax avoidance treaties, concluded by Seychelles. In perspective, a CSL is the appropriate choice […]