Established in July 2004

One stop window for local and foreign investors

Assist in establishing businesses , promote investment opportunities and provide the right climate to do business in Seychelles

Our prominent role:

Attract ˃Promote˃Advise˃Facilitate

The golden reasons why invest in Seychelles?

A stable political environment

Skilled labor force fluent in English, French and Creole

96% adult literacy rate and life expectancy of 75 years old

Sea and air connectivity from all over the world

Work permit easily available

High environmental standards

Excellent communications network with the connectivity of fiber optic cable

Favorable tax regimes for investments in Tourism, Agriculture, Energy and Fisheries sectors

World Class Financial Centre

Seychelles fast growing sectors

The tourism sector continues to be the most dominant sector in Seychelles followed by the fisheries, the financial and oil exploration/ exploitation sectors which lead to sustainable economic growth

INVESTMENT OPPORTUNITIES

Tourism sector

Fishing sector

Property Development

Oil Sector

Trade and Commerce

Professional Services

Niche hotels

Fishing fleets (long line fishing for tuna and other species)

Condominium/ High End Real Estate Development

Oil exploration/exploitation

Distribution & access to regional markets (links with COI, COMESA & SADC)

Banking services

Domestic and Offshore Banking

Tourism sector

Fishing sector

Property Development

Trade and Commerce

Professional Services

Integrated eco-resorts (outer islands mainly)

Fish farming Aqua-culture

Shopping Malls

Warehousing International Trade Zone

Non-financial services; IBC’s, Trust foundation, CSL, Limited Partnership

Tourism sector

Property Development

Trade and Commerce Professional Services

Specialty restaurants

Leisure and Entertainment

Trading in specialized goods(hotel, agriculture, fisheries , hardware, etc.)

Securities Exchange

Tourism sector

Property Development

Trade and Commerce

Professional Services

Maritime transportation, yachting

Port/Airport infrastructures; Commercially related development

Investment in Renewable Energy

Business Processing and outsourcing

Tourism sector Professional Services

Marinas and other support services

Private University/ Schools

Other tourism support activities

ICT/E-Commerce/Call Centres

Health and wellness

Complimentary Health Care

Tax Regime

The overall tax rate in Seychelles is moderate.

Tax rates at a glance_ Trades Tax (customs duties)……………0%/25%

*94% of the tariff lines rated at 0%

*Trades tax mostly concentrated on the 4 main revenue generating items;

* Fuel……………….SR 4 (US$ 0.30 )

*Alcohol………..SR 40 – SR 240 per litre (Us$ 3 – US$18)

* Tobacco…………..SR 500 (US$ 38) per 200 cigarettes

*Motor Vehicles …25%

–Trades tax is calculated on the CIF (Cost, Insurance and Freight) value of the goods

*Excise Tax

-A tax levied on four excisable goods imported or locally manufactured in Seychelles:

Cigarettes or tobacco (US$39 per 200 cigarettes)

Alcoholic beverages (depending on the volume and percentage of alcohol – US$1.7 – US$9.2)

Motor Vehicles (depending on the cc -25% to 75%)

Petroleum Products (US $ 0.31 per litre)

*Goods and Services Tax (GST)

The GST is calculated as a percentage of the landed cost of goods in Seychelles plus the Trades Tax and Excise Tax (if applicable).

The rate is 15%

_As from the 1st January 2013 the Goods and Services Tax will be replaced by the Value Added Tax

VAT RatesStandard rate: 15%

Zero-rated supplies: 0%

Exempt suppliesVAT cannot be charged on:

sales by an unregistered person;

sales of private property (e.g. a car or home not used for business); exempt supplies.

There are two categories of exemptions under the VAT Act, 2010:

exempt imports; and

exempt supplies

(a) Exempt imports include:

basic essential goods (e.g. sugar, pharmaceuticals, rice, milk, lentils, salts etc); – Goods on transit; – Goods imported to be used in the

process of renewable energy.

*Income and Non-Monetary Benefits Tax

- levied on employed person emoluments. ……..…….15%

- Non-Monetary Benefits tax payable by Employer ..20%

*Business Tax (Corporate Tax)

- Source Principle

1) Entity, government body or a trustee;

a) 25% of the first SR1,000,000(approx US$77,000) of taxable income, and 33% of the remainder.

2) Any other person other than an entity or government body;

a)0% of the first SR 150,000 (approx US$12,000)of taxable income

b)15% between SR150,001 and SR1000,000 of taxable income, and 33% of the reminder

3) The rate of business tax payable by a non-resident person is 3%

(International Transportation -Ship and Aircraft on gross income)

4) Withholding tax rate on dividend, interest and Royalty paid to non resident is 15%, where there is no Double Taxation Avoidance Agreement. (DTAA)

•No capital Gain Tax

•No tax on pension

THANK YOU