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Tax Benefits for Opening a CSL in Seychelles

Updated on Wednesday 17th January 2018

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Tax-benefits-for-opening-a-CSL-in-SeychellesForeign investors who want to do business in Seychelles have two main options: to start onshore or offshore companies. While the Seychelles offshore company is suitable for those who want to have enhanced privacy related to their assets, the onshore company allows for various activities with other companies in Seychelles. For this purpose, the special license company, or CSL, is the most appropriate business form.

If you want to set up a CSL in Seychelles, you should know that this type of company is subject to the local income tax, but it also comes with several tax advantages. Below, our company formation agents in Seychelles explain the tax benefits related to opening a CSL.

How is a Seychelles CSL taxed?

Before explaining the tax benefits of a Seychelles special license company, foreign investors must know that this type of business is considered a tax resident, therefore it will be subject to the income tax applicable in this country.

The first tax advantage of the CSL is the income tax which is applied at one of the lowest rates in the world: 1.5%. The CSL is also subject to a 0% dividend tax which applies to both resident and non-resident shareholders.

As mentioned earlier, the CSL is a Seychelles tax-resident company, which compared to an IBC company, has access to many international tax treaties signed by the authorities. Among the double tax treaties Seychelles has signed we remind the ones signed with:

  • -          China;
  • -          Cyprus;
  • -          Belgium;
  • -          Malaysia;
  • -          Thailand;
  • -          Indonesia.

Our local agents can help you set up a CSL or an offshore company in Seychelles.

Other tax advantages offered by a CSL in Seychelles

There are also a few tax exemptions applicable to CSL companies in Seychelles. These are:

  • -          the stamp duty exemption;
  • -          the exemption from the employer social security payment;
  • -          import and export duty exemptions related to equipment and furniture;
  • -          the exemption for the occupation permit fee for foreign workers.

The CSL is required to file annual returns with the local authorities within 90 from the end of the financial year.

For more information on the tax benefits of a CSL, please contact us. Our company registration consultants can also help you set up a CSL company in Seychelles.

 

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