Seychelles is situated off the coast of East Africa in the Indian Ocean, northeast of Madagascar. 115 small islands have formed this beautiful tropical archipelago, which is also the vital communication hub of Asia and Africa.
Seychelles has a relatively well-developed economy. The country is heavily dependent on agriculture and fishing industry, and has very little mining activity and no industrial activity at all. Seychelles’ main export products are dried coconut and cinnamon oil. Tourism, especially foreign tourists’ consumptions, also plays an important part in generating the country’s revenue.
The Seychelles Government has expressively stipulated that foreign source of income, inheritance and gifting of foreign assets, and trust profits are exempt from tax; and offshore companies are not bound by foreign exchange control of the country. Seychelles has signed bilateral tax agreements with major countries around the world (already signed: mainland China, Indonesia, South Africa. To be signed: Thailand, Vietnam, Egypt, Russia, Malaysia, Yemen and Zimbabwe). Seychelles has been proactively developed its Offshore Company business in recent years; it has incorporated the advantages of French Civil Law and British Common Law to set the International Business Company Act with an expectation of winning a position in offshore finance.
Seychelles has official diplomatic relations with and an embassy in mainland China. For companies whose documents need to be certified by the government of mainland China, relevant services will be provided to facilitate the process of making an investment in mainland China.
1. International Business Company (IBC)－The main business type at the moment. Declaration and audit are not required; tax free. Not tax concession from the tax agreement. 。
2. Special License Company (CSL)－Not available at the moment.