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Company with Special License (CSL)
Companies with Special License (CSL) are regulated by the Companies (Special Licences) Act 2003. They are domestic companies (formed under the Companies Act 1972) to which a Special Licence is granted under the Companies (Special Licences) Act by SIBA to carry any one or more specific activities. A CSL is liable to Seychelles business tax at the rate of 1.5% on its world-wide income as an exception to the Seychelles territorial tax system.
Main features CSL are:
- Minimum of two shareholders. Nominee shareholders allowed. Bearer shares are not permitted
- Minimum two directors who may not be resident in Seychelles. No Corporate directors
Seychelles resident secretary, corporate or individual, required - Requirement to file audited accounts, returns and beneficial ownership information, which are not made public
- Continuation or redomiciliation as a CSL allowed for companies incorporated abroad
CSL can be redomiciled to another jurisdiction - Access to Seychelles tax treaties
- No withholding taxes on dividends, interest and royalties, technical & management fees
Exemption from stamp duty on property transfers, share transfers and other business transactions