Corporate Tax Rate in Seychelles

 

Seychelles is an insular state with attributes of a reliable offshore jurisdiction. The tax regime attracts foreigners in setting up all sorts of companies and businesses in complete privacy and with the guarantee that their assets are protected. There are though a few business structures where a corporate tax is imposed, but if you would like to know information in this sense and in matters of company registration, you may talk to our company formation consultants in Seychelles.

 

Taxation in Seychelles

1. the personal income tax which imposed on the earnings obtained by natural persons,
2. the corporate which is the most important levy applied to companies,
3. the branch tax which is imposed to foreign companies with operations carried out through branch offices in Seychelles,
4. the value added tax which is imposed just like in other countries on the sale of goods and services,
5. the trade tax which is an import duty applied to the goods entering the country,
6. the immovable tax which is levied on property ownership in Seychelles and is paid by both natural and corporate persons.

Corporate taxation based on residency in Seychelles

 

 

Limited liability in Seychelles are known as proprietary companies and can be established by any nonresident investor who provides a minimum share capital of 1 USD. This type of structure can operate in any field in Seychelles as long as it respects the rules and regulations imposed in the chosen business. As for the corporate tax for a proprietary company in Seychelles, this is set at 33%.

 

 

If you are looking for a fast incorporation and business development, you can direct your attention to a branch set up in Seychelles. Besides the formation process of a branch for which two registered agents are necessary, the owners must observe the corporate tax which at the moment is set at a rate of 33%. As for the special license company in Seychelles, these are subject to a 1.50% corporate tax rate. More information in this direction can be obtained from our company incorporation specialists in Seychelles who can also provide you with the essential assistance and details about the time of company registration with the authorities in charge.

 

Special considerations for the taxation of companies in Seychelles

 

• - for the first 1 million SCR a rate of 25% is available,
• - the 33% rate is applied for profits starting with 1 million SCR,
• - in the case of special license companies, a 1.5% rate applies,
• - small enterprises with a turnover below 1 million SCR, a 1.5% rate applies.

Withholding taxes applied to companies in Seychelles

• - dividends are imposed with a rate of 15% when paid to non-residents,
• - interests are imposed with a rate of 15% when paid to non-residents, while other rates are available to Seychelles residents,
• - royalties are subject to a 15% withholding tax rate.

 

Offshore companies or IBCs (International Business Companies) as they are called, are the preferred business entities for foreigners who want to protect their assets because there is a special tax regime imposed and several exemptions. It is good to know that Seychelles enforces no corporate tax for offshores registered in the insular state. There is no need for audit requirements or annual tax returns, and the offshore company in Seychelles can run easily on the market, supervised by the shareholder outside the country.

 

Assistance in corporate taxation matters in Seychelles

For a better understanding of the company formation in Seychelles and the tax regime for the available structures, we invite you to contact our team of company incorporation agents in Seychelles.