🇸🇨 Seychelles (IBC)Company Establishment/Offshore Registration Highlights
Seychelles International Business Companies (IBCs) are subject to territorial taxation, with generally no tax on foreign-sourced income, and are established quickly and at low cost. However, since the Economic Substance Act (2021), IBCs that are part of multinational groups or earn foreign passive income without sufficient substance may be subject to taxation in Seychelles. Compliance with UBO and CRS is required. Rules are tightening and may be adjusted; please refer to the latest announcements from Seychelles authorities (FSA).
| Common Company Types | IBC (International Business Company) |
|---|---|
| Corporate income tax | Territorial taxation; foreign-sourced income generally taxed at 0%; certain passive income may be taxable under specific circumstances. |
| Estimated establishment costs | Approximately US$300–US$1,000 |
| Annual maintenance | Annual fee, registered agent, registered address; accounting records must be maintained. |
| Substance/Reporting Requirements | Economic substance (for MNE/passive income), UBO registration, CRS; accounting records required. |
| Suitable for purpose | Holding, trade, asset holding |
| Bank account opening | Offshore account opening is becoming increasingly difficult, requiring comprehensive KYC. |
| Recent Changes | Implementation of economic substance laws, retention of accounting records, and strengthening of UBO requirements. |
Key considerations
- Territorial tax exemption is conditional; multinational groups or passive income with insufficient substance may be subject to taxation.
- Accounting records must be maintained or accessible in Seychelles; violations may result in fines or removal.
- Home country CFC/substance taxation rules may still apply; should not be considered as overall tax exemption.
General Process
- Establish an IBC through a licensed registered agent.
- Register UBO and establish accounting record mechanisms.
- Evaluate whether activities fall within the economic substance scope and arrange compliance.
- Pay the annual fee annually and maintain the registered agent.
Frequently Asked Questions
Is a Seychelles IBC completely tax-exempt?
Foreign-sourced income is generally not taxed in Seychelles, but if part of a multinational group or earning passive income without sufficient substance, such income may be taxed, and home country rules still apply, requiring case-by-case assessment.
Can Seychelles companies still maintain complete confidentiality?
There are existing UBO registration and CRS information exchange requirements, reducing confidentiality compared to the past; current regulations should be understood to avoid outdated information.
Official sources：Financial Services Authority (FSA) Seychelles · Data date：2026-06。This page serves as a neutral compilation of publicly available information for reference only, notTax / LegalRecommendations are based on the latest official announcements.