Established in July 2004 One stop window for local and foreign investors
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Established in July 2004 One stop window for local and foreign investorsAssist in establishing businesses , promote investment
opportunities and provide the right climate to do business in Seychelles
Our prominent role:
Attract ˃Promote˃Advise˃Facilitate
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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
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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
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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
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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
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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
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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
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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
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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
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Tax RegimeThe 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
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*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)
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*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
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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
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(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.
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*Income and Non-Monetary Benefits Tax
- levied on employed person emoluments. ……..…….15%
- Non-Monetary Benefits tax payable by Employer ..20%
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*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 incomeb)15% between SR150,001 and SR1000,000 of
taxable income, and 33% of the reminder
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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)
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•No capital Gain Tax•No tax on pension
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THANK YOU