Foreign income is generally not taxed
Your home country may tax certain assets when you relocate
Profits may still be taxed in your home country, We check this for you in the free consultation
Banking is typically done outside Seychelles and requires verification
The Seychelles International Business Company (IBC), governed by the IBC Act 2016, is a flexible and cost-efficient offshore entity, suitable for international structuring such as consultancy or holding foreign shares.
While the Seychelles does not have a flat 0% tax system, an IBC that earns only foreign-source income and conducts no local business activity generally faces an effective corporation tax rate of 0%.
Dividends are subject to 15% withholding tax only if derived from Seychelles-source income; otherwise, no withholding applies.
VAT at 15% is triggered if annual turnover exceeds SCR 2,000,000 (approx. EUR 123,110).
Beneficial ownership information is not publicly accessible but must be disclosed to local authorities, aligning with OECD transparency standards.
Banking is not automatically available; many IBCs open accounts in Mauritius, the UAE, or the Caribbean. Genuine business activity, traceable funds, and full KYC are essential. The legal system blends English common law and French civil law. Despite reputational risks in the EU context, the Seychelles remain suitable for legitimate cross-border structuring without tax abuse.
Contact us for an individual assessment and, where appropriate, better alternative solutions.
For a standard IBC, a local director is generally not required.
Generally, yes. Incorporation is typically carried out fully remotely via a licensed provider. Opening the bank account is usually the more time-consuming part of the process.
The Seychelles are currently no longer on the EU blacklist. However, previous listings may still influence the risk assessment of banks and business partners.
| Tax Burden | Banking | Reputation | Bureaucracy | Legal Security | Costs | |
|---|---|---|---|---|---|---|
| USA | 21-0% |
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from EUR 1,900 |
| Singapore | 0% |
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from EUR 2,950 |
| Hong Kong | 0% |
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from EUR 1,900 |
| Cyprus | 15% |
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from EUR 1,900 |
| Malta | 5% |
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from EUR 2,500 |
| Ireland | 12,5% |
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from EUR 1,950 |
| Trust | 0% |
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from EUR 4,900 |
| England | 25-19% |
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from EUR 1,000 |
Your country of residence may impose tax and reporting obligations for foreign business activities and dividend income — in some cases even if profits are not distributed.
Depending on your personal situation, an appropriate holding structure may be required to comply with tax rules and avoid unnecessary tax risks.
To determine which jurisdiction and structure best meet your requirements, please use the contact form and describe your plans in as much detail as possible.
Our advisers will be happy to review your case and advise you accordingly.