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Tax Exemptions for Seychelles Companies

Tax Exemptions for Seychelles Companies

Seychelles is an appreciated offshore destination for numerous investors from abroad who want to take advantage of the excellent business conditions, among which we mention the tax exemptions. If you would like to set up an offshore company in Seychelles, it is recommended to talk to our team of specialists in company incorporation in Seychelles, as they can guide you throughout the registration process.

Tax benefits for resident companies in Seychelles

Companies with establishments in Seychelles have several tax advantages among which the 25% corporate tax rate imposed on incomes generated in the insular state, no capital gain tax, dividends, and interests. Moreover, there are no property taxes and companies can benefit from the tax advantages offered by the double tax agreements signed by Seychelles. Also, the withholding tax is set at 15% rate for non-resident dividends, interest and royalties, and 33% on payments of interests by a financial institution, like a bank.

What are the tax advantages for IBCs in Seychelles?

As for the IBCs in Seychelles, the following benefits are important:

  • • such companies with establishments in Seychelles are exempt from taxation for 25 years;
  • IBCs are not levied with a corporate tax. This benefit attracts numerous investors;
  • • there are low government fees for IBCs established in Seychelles;
  • • the tax benefits are offered if the IBC has no business with local entrepreneurs.

If you would like to know more about the companies in Seychelles and the tax benefits that suit most your business requirements, you can address to our company formation agents in Seychelles.

What are the tax benefits for Special License Company (CSL) in Seychelles?

The Special License Companies or CSL in Seychelles are subject to a 1.5% corporate tax imposed on the worldwide income. Likewise, such companies benefit from the provisions of the double taxation agreements signed by Seychelles with 21 countries worldwide, in order to benefit from low withholding tax for fund transfers, but not limited to this. We remind foreigners that CSLs in Seychelles are special license companies which have particular business activities for which a license granted by the authorities is necessary.

Foreign investors can solicit more details about the tax exemptions for companies in Seychelles and about how a company is registered in the archipelago, by contacting our team of company formation consultants in Seychelles.