Special Licence Company (CSL)

Seychelles Offshore Entities

Seychelles offers two types of offshore companies to international investors, the Special Licence Company (CSL) and International Business Companies (IBC). The main difference lies in the area of taxation. While an IBC company is not taxable in Seychelles, a CSL company is only liable to tax on its total profits generated worldwide at 1.5%.

Seychelles Special Licence Company

CSL is governed by the Companies (Special Licences) Act 2003. Such entity is mainly used for investment in countries with which Seychelles has a tax treaty, thus conferring various fiscal benefits such as reduced withholding tax on dividends, interest and royalties and no capital gains tax.
CSL approved activities

CSL approved activities

  • Investment banking and advice
  • Offshore banking
  • Offshore insurance
  • Reinsurance

Business of:-

  • An Investment company
  • A holding company
  • A marketing company
  • Company holding intellectual property
  • A headquarters company
  • A human resources company
  • A franchise company
  • Business under and ITZ licence
  • Any other business approved by the Authority
CSL Company (Tax Resident – Treaty Access)
General
Type of entity CSL
Type of law Hybrid
Shelf company availability No
Our time to establish a new Company 2 weeks
Corporate Taxation 1.5% on worldwide income
Double taxation treaty access Yes
Share Capital or Equivalent
Standard currency USD
Permitted currencies Any except Seychellois rupees
Minimum paid up USD1 (At least 10% of the authorized share capital must be issued and paid up)
Usual authorized USD 5000
Directors
Minimum number Two
Local required No (but necessary for DTA reliance cases)
Publicly accessible records Yes
Location of meetings Anywhere
Shareholders
Minimum number Two
Publicly accessible records No
Location of meetings Anywhere
Company Secretary
Required Yes
Local or qualified Local
Accounts
Requirement to prepare Yes
Audit requirements Yes
Requirement to file accounts Yes
Publicly accessible accounts No
Other
Requirement to file annual return Yes, but not public
Re-domiciliation permitted Permissible

 

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