Tax and accounting regulations

A coherent offshore planning tax strategy is essential to maximise the effectiveness of offshore companies. Eltoma can assist by structuring the most tax efficient strategy to satisfy your requirements. We can provide guidance as to which jurisdictions offer the best tax structure by identifying the types of tax payable as well as applicable exemptions and incentives. Eltoma gives impartial tax planning advice that will identify which is the most favourable tax efficient jurisdiction in which to incorporate.

All IBC’s in the Seychelles are subject to zero taxation. Below is an overview of the tax and accounting regulations:

Tax system:

Seychelles IBC’s have no tax liabilities; there is a 0% tax rate. The following are tax free:

  • Capital gains.
  • Inheritance.
  • Dividends.
  • Interests.
  • Royalties.
  • Rents.

International aspects of taxation:

Double taxation treaties: The Seychelles has double taxation treaties with the following countries; Barbados, Botswana, China, Cyprus, Indonesia, Malaysia, Mauritius, Oman, Qatar, South Africa, Thailand, UAE and Vietnam. DTA Agreements have been signed but not ratified with Belgium, Monaco and Zimbabwe.

Annual reporting requirements:

  • No annual returns are required to be filed.
  • No company reports are required to be submitted to any authority.
  • Offshore company accounts are not required to be audited.
  • Records of offshore companies can be kept anywhere in the world, there is no requirement that they be stored in the Seychelles.