A CSL is a Seychelles domestic company (under the Companies Act 1972), which enjoys various fiscal concessions by virtue of being granted a special licence under the Companies (Special Licence) Act 2003
The CSL is liable to Seychelles corporation tax, levied under the Business Tax Act at the rate of 1.5% on its world-wide income, and therefore is eligible for residency if certain conditions are met.
A CSL will enjoy this low rate of tax for a period of ten years from the date of incorporation, and thereafter unless a written law in the future provides otherwise.
The “tax resident” CSL (unlike the tax exempt IBC) may access Seychelles’ steadily expanding network of Double Taxation Avoidance Agreements. The Seychelles has several double taxation treaties signed with various countries.
| Share capital or equivalent | |||||
|---|---|---|---|---|---|
|
Standard currency: |
US$ |
||||
|
Permitted currencies: |
Any except Rs |
||||
|
Minimum paid up: |
10% of the Authorised capital |
||||
| Directors | |||||
|---|---|---|---|---|---|
|
Minimum number: |
2 |
||||
|
Local required: |
No, but advisable |
||||
|
Publicly accessible records: |
No |
||||
|
Location of meetings: |
Anywhere |
||||
|
Corporate Director |
No |
||||
| Members | |||||
|---|---|---|---|---|---|
|
Members |
2 |
||||
|
Publicly accessible records: |
No |
||||
|
Location of meetings: |
Anywhere |
||||
| Company Secretary | |||||
|---|---|---|---|---|---|
|
Required: |
Yes, must be Seychelles Corporate Service Provider |
||||
|
Local or qualified: |
Local |
||||
| Accounts | |||||
|---|---|---|---|---|---|
|
Requirement to prepare: |
Yes |
||||
|
Audit requirements: |
Not applicable |
||||
|
Requirement to file accounts: |
Yes |
||||
|
Publicly accessible accounts: |
No |
||||
| Tax | |||||
|---|---|---|---|---|---|
|
dividend paid to a resident |
Nill |
||||
|
Dividend paid to a non-resident |
Nill |
||||
|
Interest paid to a resident |
Nill |
||||
|
Interest paid to a non-resident |
Nill |
||||
|
Loyalty paid to a non-resident for the right to use a copyright, patent, trademark, design, model, plan. |
Nill |
||||
|
Royalty paid to a non-resident for supply of scientific, technical, industrial or commercial knowledge, services, information. |
Nill |
||||
|
Royalty paid to a non-resident for the right to use a secret formula, process ot know-how whether technical, managerial or otherwise, other intellectual property or right. |
Nill |
||||
|
Royalty paid to a non-resident for the right to use an industrial, commercial or scientific equipment. |
Nill |
||||
| Other | |||||
|---|---|---|---|---|---|
|
Requirement to file annual return: |
Yes, but not public |
||||
|
Allowed and expected activities |
An Investment company A holding company A marketing company Company holding intellectual property A headquarters company A human resources company A franchise company Any other business approved by SIBA |
||||
